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I will say that this post is NOT completely bullshit. The author brings up some valid points regarding journalism and some guy by the name of David Tish. I will occasionally try and stay up to date on current events, but I am not a journalist. I read only a selective handful of blogs, but I am not a blogger. And I don't know who Dave is nor why I should care.
That being said, everything else is invalid. I'm not sold as to why I should stop running my business and get into debt so that I can "amaze" some asshole I've never met. It puzzles me. If everyone else was jumping off a cliff, would you? I belong to the school of thought that says no. I am not a conformist; I am an individual. I make my own decisions. Yes, sometimes I will be in the majority. But if there is a choice of two lines to wait in, I will usually pick the shortest. If I'm stuck in traffic I base my lane choice on when I need to exit the freeway, not by which lane is moving the quickest. My survival is dependent on impulse management and deferred judgement.
I already dropped out of college and started my own business. Big whoop wanna fight about it? Seriously, what do you expect to happen? "Oh, sorry sir! I promise to do what I'm told and never question your (lack of) authority over my adult life". Please.
This nation was found on the principles of liberty and independence. If you live here, you should learn what that means and what you really mean when you try to control (or vaguely influence) another's life.
1 year, 12 months ago on Entrepreneurs Should Stay in School
It's not a matter of turning down money, it's a matter of negotiating terms.
Seems like the panel's perspective was all wrong. Their focus should have been on how to manage meetings and expectations for partnerships.
1 year, 12 months ago on Startups to Brands: “We’re Not Your Creative Agency”
Follow us if you're brave enough!
2 years, 4 months ago on The Good, the Bad, and the Ugly of Building a Company in Austin
Venture Capital firms are a dime a dozen these days. If you're having problems with one in particular, move on to someone else who's more interested.
"If the founders pitch to Austin Ventures first, every other VC in town is going to ask what Austin Ventures said about the deal. If Austin Ventures said no, then chances are that the other VCs will defer to Austin Venture’s call and pass up on the terms of the deal."
Problem: VC's act like sheep. They make decisions based on what the rest of herd thinks as opposed to independent decisions. Of course that's not always the case. In this case, the author's argument is complete bullshit. Austin Ventures seems to be the Walmart of Investors. So to say that every local grocery store defers deals based on Walmart's choice of products to sell would be false. Walmart carries Herdez casera and verde, but not chipotle or taqera. I have to go to Kroger for those flavors. More importantly, all the other VC's "in town" would be competing with AV, so why the hell would they agree with them on every decision? Let's forget Austin, TX, and try that shit out west or up north and see what happens. There are plenty fish in the sea, so getting rejected can be the VC's mistake, especially those assholes in Boston that passed on Facebook.
Sir Mix-a-Lot sufficiently explains this sentiment:
"Some brothers wanna play that "hard" role
And tell you that the butt ain't gold
So they toss it and leave it
And I pull up quick to retrieve it"
Trevor, do more research and find an example of another firm signing a deal with a company that AV turned down. It will be difficult considering they no one keeps track of startups that are rejected.
I had a brief meeting with AV staff recently and determined that regardless of how much money they have, their lack of expertise in my space (Video Games & Social Media) left me feeling skeptical that they would be of any benefit to me. (That, and seeing them doodle on the materials I had printed out for them)
2 years, 4 months ago on Austin’s Warped Center of Gravity