September 16, 2008 at 03:02Raise a round it ...
after two posts on my blog, readers in the soap suggested moving here. Copyright Stas, please save :)
Being on Tecrancha, and talking with one very successful entrepreneur, I heard a very interesting idea from him. The idea is that the entrepreneur (who raises the round and makes presentations to investors from day to day) and the toilet have a lot in common. They spoil the toilet, and after he went into it, the toilet flushes everything and is ready for the next visits. If it is dirty, then no one will spoil it and it will stink. So an entrepreneur, in search of money, makes a lot of presentation, and on most of them gets a negative. But leaving the next investor, he must pull the pen, and wash it all off, becoming clean. Those who break in the middle are losers.
I thought a lot ....
Having written a previous post, I received a comment from Stas Hirman, who reads in English will understand:
In some sense - startup funding process looks like dating game - you
start from meeting someone at the party. Then you need other party to
“call you back” and move to “the next base” (new entrepreneur is like
virgin, while VC plays role of South American macho-man). At the end,
you got fucked ... The question is - will it be a rape or pleasant
family sex ...
As for me, 7 out of 5 points!
Another opinion. From the side of the investor:
Investment is like a minuscule. If successful, a lot of money. But a small card threatens with losses. Unlike preference, there are no pure minuscules and the investor must assess the risks of breakdowns, which is why presentations always look for and consider the weakest points for the risk of locomotives.
Being on Tecrancha, and talking with one very successful entrepreneur, I heard a very interesting idea from him. The idea is that the entrepreneur (who raises the round and makes presentations to investors from day to day) and the toilet have a lot in common. They spoil the toilet, and after he went into it, the toilet flushes everything and is ready for the next visits. If it is dirty, then no one will spoil it and it will stink. So an entrepreneur, in search of money, makes a lot of presentation, and on most of them gets a negative. But leaving the next investor, he must pull the pen, and wash it all off, becoming clean. Those who break in the middle are losers.
I thought a lot ....
Having written a previous post, I received a comment from Stas Hirman, who reads in English will understand:
In some sense - startup funding process looks like dating game - you
start from meeting someone at the party. Then you need other party to
“call you back” and move to “the next base” (new entrepreneur is like
virgin, while VC plays role of South American macho-man). At the end,
you got fucked ... The question is - will it be a rape or pleasant
family sex ...
As for me, 7 out of 5 points!
Another opinion. From the side of the investor:
Investment is like a minuscule. If successful, a lot of money. But a small card threatens with losses. Unlike preference, there are no pure minuscules and the investor must assess the risks of breakdowns, which is why presentations always look for and consider the weakest points for the risk of locomotives.