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In a perfect world we'd all find the perfect mate. Unfortunately we live in an imperfect world with imperfect humans. Having been an Entrepreneur for over 20 years now I treat VC's more carefully than in those early days. VC's don't buy my product or services. Their agenda is fixed - an ROI and a great lifestyle. As someone notes further down, it's not about the fees, it's all about the 'Carry'. And in the valley except for the heavyweights there is no carry.
Building a business is hard, you have to think it up, scale it, milk it and then do it all again. At every stage there are detractors saying that it cannot be done. Until one day everyone looks at it and says 'wow'. Alignment of interests is critical but not the only metric. Simply because over time alignment tends to shift as 'life gets in the way'.
So to me it boils down to a couple of simple 'Prime Directives'...
1. Solve a real problem with an identifiable (named) customer in mind
2. Drive to 'Measurable, Sustainable, Profitable Revenue' over time
Nothing else matters, not VC's not funding, not even who has the best car. Just simple block and tackle work that returns valuation in exchange for providing value.
Real Black Swans only appear rarely - the iPhone would be an example. The rest are lucky happenstance, which is fine if your legacy is to be the richest man/women in the cemetery. If you want your legacy to be something that out lasts you then the only approach is value.
Interesting enough if you get it right the VC's will find and no matter what their public policy states on their web site (the number of ways they say no) they'll be happy to provide the necessary capital.
1 year, 5 months ago on The VC’s paradox: We can’t all be black swans
@edithyeung Would you be interested in chatting. We've been improving both the Mobile Web experience for 7 years and in a report from VDC research have been identified as having disruptive technology.
1 year, 6 months ago on Dolphin’s major update reveals weaknesses in the mobile-first approach
And how many of those companies listed above are actually profitable? Hmmm
1 year, 7 months ago on Sequoia Capital raises $700m growth fund. Contrarian brilliance or bad timing?
We've had a browser for over 6 years now that will enable you to personalize the web in real time for the user. It can send real time meta data that search engines can use to determine exactly Who, What and Where you are, plus it also supports personalized advertising options. It's called Choice. We hooked into a Canadian search engine that allowed you to send it data to refine it's searches. Once you have access to that meta data in real time anything is possible.
Peter - 3PMobile
1 year, 7 months ago on Nara gets $3M more to organize and personalize the Web just for you
Since when is more privacy worse for consumers?
What everyone continues to miss is that is NO requirement for web services/content providers to honor the DNT request. So it doesn't really matter what the setting is - if the content provider ignores it, then it's all moot.
And here's the best part - DNT has no ability to acknowledge back to the user what was sent. So you can set the DNT flag to 1 (Don't Track Me) but there's absolutely no way of ever knowing if the web server ever got the message.
2 years, 1 month ago on Microsoft's Default DNT Pisses Off Advertisers, and For Good Reason
It's already built. It's called Choice and allows you to personalize content based on the users context (whilst preserving their privacy).
2 years, 2 months ago on How Facebook Can Solve Its Mobile Problem: Build a Browser
3PMobile already has two mobile browsers capable of the above. Not only can they detect the devices capability in real time, they also include advanced content acceleration capabilities and the ability to personalize content and browser menus in real time. They do all of this while protecting your privacy.
2 years, 4 months ago on Facebook Launches New Mobile Web Standards Initiative, Easier Payments for the Mobile Web