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No Is an Acronym

No Is an Acronym

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Image by Gordon Johnson from Pixabay

We’ve covered this subject before, and here’s a reminder – with other points added, and updates, since certain of the investors mentioned did change funds. Or started new ones. So, once more with feeling…

When you were a kid how many times did your parents say No! N-O, NO! More than once, we’d wager. How many times did they say, Yes, Y-E-S, YES!’ Bet I can count the number of times on one hand – zero. Never happened.

We did notice this at a fairly young age – long before we knew that there was such a word – that NO is an acronym. It was parent-code for ‘keep trying’ or ‘change the talking points.’ In some cases, we found that if we changed our approach or arguments, we could get a yes. Persistence pays. And the same can be said of investors. Investors hate to miss opportunities, so they don’t really like to say No. Investors like to hedge their bets and keep their options open. Sometimes they will give you a hard and fast No and mean it. Still, that said, things change, so one never knows if it truly is a hard No. Read More...

No Is an Acronym, Revisited

No Is an Acronym, Revisited

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When you were a kid how many times did your parents say No! N-O, NO! More than once, we’d wager. How many times did they say, Yes, Y-E-S, YES!’ Bet I can count the number of times on one hand – zero. Never happened.

We did notice this at a fairly young age – long before we knew that there was such a word – that NO is an acronym. It was parent-code for ‘keep trying’ or ‘change the talking points.’ In some cases, and we found that if we changed our approach or arguments, we could get a yes. Persistence pays. And the same can be said of investors. Investors hate to miss opportunities, so they don’t really like to say No. Investors like to hedge their bets and keep their options open. Sometimes they will give you a hard and fast No and mean it. Still, that said, things change, so one never knows if it truly is a hard No. Read More...

Flying Cars Are Coming. The Next Installment of Those 140 Characters Is Here…

Flying Cars Are Coming. The Next Installment of Those 140 Characters Is Here…

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weasley’s flying car | Ashley Wheat | Flickr

As you know, we’ve been wondering about who those 140 characters are who Peter Thiel may well have been referring to when he said, “We were promised flying cars. Instead we got 140 characters.”

Since we’ve personally been in the industry since the early days of Web 1.0 in New York and spent a considerable amount of time in Silicon Valley as well, we’ve decided to take it upon ourselves to attempt to identify some of those characters, many of whom we’ve met and/or have gotten to know. Over the years, we’ve seen people and companies come and go. Some were bad timing. Many were simply bad ideas. Some were acquired for unbelievable amounts of money, only to disappear forever, leaving the then suddenly wealthy founders looking like geniuses. Tech is a constantly shifting landscape and people and companies come and go and fortunes made and lost at Internet speed.

Here are our picks for the next 40 of the 140, with some anecdotes and insights on the developing industry and its rising stars and investors, in no particular order. Without further ado, we’re letting this baby fly. Onward and forward. Read More...

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

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Some investors put a lot of stock in startups or founders who have subject matter expertise. Jeanne Sullivan, founder of Starvest, loves to hear from founders who are doing something totally new, in which case, how can you be a subject matter expert. After all, as she said, “the Wright Brothers didn’t have a pilot’s license.“

We host a breakfast every two weeks with one investor and a small group of entrepreneurs. We prefer this over filling the room with 100-400 people, as investors tend to say things in a smaller group and impart information that might not come out during the Q&A in a larger group. Since it’s summer and many of the investors are away – which means that we’re only hosting one breakfast in July and one in August – we felt that this might be a good time to share some of the information that they’ve share with us (and the attendees) with you: Read More...