Good morning, All,
We have a member on this list whom we’ll call Frank. For the record, he’s not a twenty-something. He’s not in a particularly sexy vertical. He lost a core team member at a critical juncture. He did find a replacement, and it was someone who was an even better fit than his original key man. Still, it cost Frank a spot in a leading accelerator. But as Yogi Berra once said, when you see a fork in the road, take it.
There was a panel discussion Frank attended, because he needed to speak to one of the panelists, but he could barely get near the podium. Poor Frank. It seemed that anything that could go wrong, was going wrong. He’s not Ivy League educated, which seems to be on the VC Check List. It’s his first startup, so he’s not a serial entrepreneur, successful or otherwise. Sadly, he is not friends with/related to/or otherwise associated with Ben Lehrer. It seems that lately, being any one of those things, gives one a definite leg up in this town. Nor is his father a VC. Frank is the Rest of Us: not someone who started from third base. Frank has a few things going for him: he’s got a market and a long-term vision for his product, and he doesn’t give up. We didn't choose an easy row to hoe.