Conviction is one of the most important things entrepreneurs want to see in an investor. The overhead of working with an investor who lacks conviction is just too much for an entrepreneur. It can become a major drain on them and their company. I’d rather have conviction and be wrong than have doubts and be right. Because the latter doesn’t work in a relationship with an entrepreneur and you are likely to lose anyway.
Fred nailed it today. Highlights why I don’t like the spray and pray model for VCs.
Conviction is also a key ingredient for great founders as well.
Hitting Your Stride
(Leica M9P | ISO 800, 35mm, f/1.4, 1/25sec)
(Leica M9P | 1/90sec, f/1.4, 35mm, ISO 160)
Starman — The Rural Alberta Advantage
Happy cover friday. Original by David Bowie
Ellie asked me when I got my first mobile phone.
My answer: 24. Year was 1994. And it was this Sony phone. I thought it was super cool.
(Leica M9P | ISO 160, 35mm, f/2.0, 1/500sec)
w/@davidkarp, at the Tumblr board meeting
The lawn on top of the Apple Store in Boston.
Hallway Chat, #9
It’s been a few months since @nabeel and I did a podcast. Long overdue!
Today we discussed: Nabeel’s idea around option pool grants, how we think about seed investments at Spark, Kickstarter, and of course the iPhone 5.