I consulted for three VC's after Nscp and L3... The wisdom in their
thoughts at the time was a home run in one out of 20 was doing well...
Their thoughts about founders was about 1/3 idea and 2/3 the ability of
the founder to gather talent around them... Your rolodex was as
important as your execution... Seed money is easy. A good
presentation deck and glib tongue. Getting money for the first round
isn't that hard. Getting the second round was the test of your
business. 1MM seed, 4-10MM first, unicorns got 100MM for second, and the
sky was the limit on the 3rd...
On 6/3/24 7:18 AM, dmmoff...@gmail.com wrote:
" ...the startups that light piles of money on fire until it runs out seem
to be actively flying the plane into the dirt. Maybe they have golden
parachutes."
If at first you don't succeed, try and try again.
I read a quote from one of those zillionaire entrepreneurs that he had to
fail at seven businesses before he hit it big with one. So I guess it takes
a lot of practice to get it right. My question is how did he get investment
the 8th time after having those seven failures on his rap sheet? Or the
2nd-7th time for that matter. That's gotta be somebody with connections in
the good-ol-boys network.
If investors would just give me 8 chances at startups I'm sure I could be a
self-made zillionaire too.
-Adam
-----Original Message-----
From: AF <af-boun...@af.afmug.com> On Behalf Of Ken Hohhof
Sent: Friday, May 31, 2024 6:42 PM
To: 'AnimalFarm Microwave Users Group' <af@af.afmug.com>
Subject: Re: [AFMUG] MoviePass documentary
That'll buff out.
Or if you're a Monty Pyton fan, "It's just a flesh wound".
Or if you've watched Roadkill on Motor Trend TV, "Dzus it back on".
The pilots here can tell me if there's really an expression CFIT (Controlled
Flight Into Terrain). But I think that's supposed to be unintentional,
whereas the startups that light piles of money on fire until it runs out
seem to be actively flying the plane into the dirt. Maybe they have golden
parachutes.
-----Original Message-----
From: AF <af-boun...@af.afmug.com> On Behalf Of Bill Prince
Sent: Friday, May 31, 2024 3:27 PM
To: af@af.afmug.com
Subject: Re: [AFMUG] MoviePass documentary
Bet that smarts.
bp
<part15sbs{at}gmail{dot}com>
On 5/31/2024 10:09 AM, Ken Hohhof wrote:
fly the plane into the ground
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
--
AF mailing list
AF@af.afmug.com
http://af.afmug.com/mailman/listinfo/af_af.afmug.com
