Design is more important than technology in most consumer applications.
For the most effective pitch, focus 80% on the problem, 20% on the solution.
The path to the mountain ahead of you? is not the path you took to the mountain you stand on.
Entrepreneurs usually don't listen to people. Trust them to do their job. Remember, you invested with the understanding the project was likely to fail.
Wait until companies have an initial prototype, have shown that they have the potential to be profitable and have the ability to scale. That's the best time to invest.
I think you want to show a level of transparency that breeds trust. You don't want to show a level of desperation that breeds concern.
The last 10 to 20 years you’d think that it has been all about VCs making money, because that’s all we hear about. But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid. They are absolutely stupid. Does anyone want to challenge that statement? Does anyone think that VCs are not stupid?
I figured maybe I had some talent as an investor… since it seemed like I was only a half-assed entrepreneur.
