What’s the most annoying tendency you see in young startups these days?
With tech company CEOs becoming pseudo-celebrities, there’s been a movement towards every smart kid feeling like they should be a founder and CEO, when in reality most of these kids should be more content working for someone else and learning on the job before they take the leap to start something for themselves. As a result many of the best employees leave companies too early. It’s a problem.
Do you think being an angel investor is trendy?
Yes. Very. People hear the rare stories of angel investments turning into big money. No one ever hears when people never see a return.
Has the success of companies like Facebook and Twitter caused delusions of grandeur for many startups?
Yes. The movie “The Social Network” painted a ridiculous picture of startup life. It’s fucking hard, and most kids don’t understand the sacrifices that they’ll need to make and the risk they are taking on when starting a business.
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Key figures to know in the VC and Angel investor community whether you’re in the fashion, music, or art industries; whether you are a startup or established brand. Compiled by AlleyWatch.
What’s the next big thing? There’s a good chance someone on this list is either starting it or funding it. The investors below have been a there as founders or investors for many of the companies that have shaped the internet like Amazon, eBay, AOL, Paypal, Facebook, Twitter, Google and many more. These investors have had incredible success and are major players in the tech industry.
Even if you never have the opportunity to work with them they can provide you with incredible insight into the tech world as well as provide an unlimited amount of knowledge and expertise for achieving whatever you want.
About: Referred by some as a super angel of Silicon Valley, Conway has been an active member of the tech sector for over thirty years. Previously, he was the founder and partner of the Angel Investors LP, which invested in big name companies like Google. Prior to being an angel investor, Conway was the co-founder of Altos Computer Systems, which went public in 1982. He was also the CEO of Personal Training Systems, which was acquired by SmartForce/SkillSoft.
Firm: SV Angel & Start Fund
Investments: AddThis, BuzzFeed, Pinterest, TweetDeck
- Jason Calacanis, Founder of Mahalo.com
|—||Read more on the 4 Surprising Inside Tips for Attracting Investors from Calacanis on OPEN Forum (via amexopenforum)|
Reach for the sky. Business tips, advice, startup stories, opportunities on our blog: http://ow.ly/xVtoa
|—||Eric Ries (via davekinkead)|
The billionaire entrepreneur’s basic rules to get a business off to a strong start.
“Some Unconventional Investing Rules" by Joe Kraus, partner at Google Ventures
An important point to remember for investors. It is not “your” company. You invest in teams because you trust their judgement and their ability to execute on their vision. Being an advisor is useful and offering ideas can be helpful, but there comes a point when you need to step back and let the team succeed or fail on their own.
For entrepreneurs, you are the ones in charge and you need to embrace that responsibility. Investors can advise, but they cannot make decisions for you. Own your startup and have confidence in your abilities and decisions.
My favorite point of them all:But you have to remember too, you will make mistakes. And when you do, own it, and gracefully apologize while getting it right the next time. That’s how you learn. Learn to fail. Then succeed.7. Spend Less Time Researching, More Time Doing
Researching/studying/ reading other people’s blogs is a form of resistance. In order to get clarity, you must act. Clarity does not come by learning more, it comes by jumping in with your instincts and putting yourself out there, even if you don’t know exactly what you’re doing.
|—||Henry Ford (via giftstarter)|