Viewing profile — davemc500hats

here's a rough summary of my track record (personal / professional) 1) my angel investments ($300K portfolio, 2004-2008 vintage): 3 exits (Mint, Mashery, SlideShare) @ $100M+ out o…

we believe we are performing far above average, actually... both in IRR, exits, black swans, and other areas. that said, we are less than 5 years old and most VC funds don't have m…

i will defer to PG & YC in terms of their data on valuation/caps post-demo day, however our experience is that they probably reached a local max sometime last year, and they are ce…

completely agree with PG -- acqui-hires aren't a big source of capital returns at all , especially anything below $10M.

... and similarly, it's in YC's best interest for valuations (of YC co's) at Series A to go up ;)

indeed there will be some further dilution, but typically there is not dramatic liquidation preference on winners, at least that we have seen thus far. if you like, you can double …

as noted above, 500 has invested in ~50 YC companies over the past 3 years. we are likely the 2nd-most active investor in YC after the Start Fund / SV Angel / A16Z / NEA group... h…

Thomas Korte has done a terrific job with AngelPad, and I'd rank it as highly as 500 or TechStars, perhaps even higher. but it's true we are all chasing YC's tail currently.

quotable: "We try harder!" - Avis (and, 500 ;)

500 has invested in ~50 YC companies to date. I believe there are about 30 or so in our first fund. YC has invested in 2 companies that went thru 500 accelerator first (9GAG and Va…

actually, the founders of IconFinder made it possible... we were quite fortunate to be investors rather recently.

actually yes, many of our companies generate revenue, and a good number are profitable. in fact we probably have a slight bias for revenue over growth. btw, our initial investment …

yes it does depend on context; probably diff solutions for diff types of restaurants. that said, can't see how more efficient systems / process would be an inappropriate benefit fo…

yes, and they are probably the best example i'm aware of so far, however i'm not a big fan of their menus... or at least the way they're laid out. like a big selection of movies to…

>>Of course, the "unnecessary" waiting: for a table, for a waiter's attention, etc. are suboptimal yes, they're very suboptimal. and whether or not it's an iPad that's used to fix …

great summary of the process, very helpful / educational. also interesting to hear about AngelList / SecondMarket opportunity.

more efficient ordering / reduced turnover time / increased ticket size are good for almost all of the categories above. while reduced turnover time might not seem to be what Ruth'…

thanks

seriously. and the world needs like, maybe 5 computers total.

trustworthy, high-quality pictures lead to conversion. untrustworthy, high-quality pictures lead to customer dissatisfaction. regardless of my arguments, i suggest restaurants not …

>> "He's in a rush, doesn't like making decisions, can't do research on his own, wants to minimize interaction with restaurant staff, is afraid to ask questions" i think you just d…

>> unfamiliar items >> semi-forced interactions with people >> long periods of time spent without "electronic distractions" -- ie, the ability to pay when i want, and call a waiter…

look dude, i get your argument, but again i'm not friggin retarded about an industry i've spent a half-decade investing in/around, and in fact made my first restaurant investment o…

>> "Being able to sit and eat with a group of friends and not have a waiter interrupt your conversation can be a plus" but that's exactly my point. without useful methods of commun…

>> "Efficiency is not what I want from a restaurant." umm, pretty sure that there IS a very large market of people who DO want efficiency as one of the attributes of restaurant cus…