Fear of Flying
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Fear of Flying
1–10 of 20 posts
Re: Fear of Flying
#2Does it really has to be that way? Is it flying or crashing the only possibilites?
Maybe not. Maybe soft landings are possible, just don't put everything you got in just one shot.
Re: Fear of Flying
#3Does it really has to be that way? Is it flying or crashing the only possibilites? Maybe not. Maybe soft landings are possible, just don't put everything you got in just one shot.
Could you expand on soft landing? Flying high and crashing and burning are somewhat self explanatory from a fund manager's perspective, but I'm curious what you meant by soft landing.
Do you mean a 'life-style business', or trying a few smaller ideas simultaneously?
(Genuinely interested, not sniping or anything).
Re: Fear of Flying
#4Does it really has to be that way? Is it flying or crashing the only possibilites? Maybe not. Maybe soft landings are possible, just don't put everything you got in just one shot.
When your motivations take form as massive visions that could fuck the world twice over, the only landing in your mind is how to keep it going for the next 10 years.
Landings per se are constructs of the market, not the entrepreneur. IMO obviously.
Re: Fear of Flying
#5Does it really has to be that way? Is it flying or crashing the only possibilites? Maybe not. Maybe soft landings are possible, just don't put everything you got in just one shot.
Could you expand on soft landing? Flying high and crashing and burning are somewhat self explanatory from a fund manager's perspective, but I'm curious what you meant by soft landing. Do you mean a 'life-style business', or trying a few smaller ideas simultaneously? (Genuinely interested, not sniping or anything).
Presumably something that's profitable but does not have mass appeal
Re: Fear of Flying
#6Does it not strike people as somewhat ironic when something like this is written by an investor, a person whose MO is to basically spread risk across a portfolio of companies instead of an entrepreneur like Elon Musk who has actually done what is described in the post time and time again?
Don't get me wrong, I really like DMC, but it strikes me as somewhat contradictory for a piece like this to be written by anyone but a person who consistently/repeatedly spreads risks a lot of what they have on bigger ventures. Once you have an exceptional network and reputation, there are few positions, besides maybe being a lawyer, that come with less risk in Silicon Valley than that of an investor.
Re: Fear of Flying
#7Does it not strike people as somewhat ironic when something like this is written by an investor, a person whose MO is to basically spread risk across a portfolio of companies instead of an entrepreneur like Elon Musk who has actually done what is described in the post time and time again? Don't get me wrong, I really like DMC, but it strikes me as somewhat contradictory for a piece like this to be written by anyone b…
He wasn't always an investor, and setting up a new fund/accelerator/etc. is closer to being an entrepreneur than the investor role of a random principal at a big VC.
Re: Fear of Flying
#8Does it not strike people as somewhat ironic when something like this is written by an investor, a person whose MO is to basically spread risk across a portfolio of companies instead of an entrepreneur like Elon Musk who has actually done what is described in the post time and time again? Don't get me wrong, I really like DMC, but it strikes me as somewhat contradictory for a piece like this to be written by anyone b…
He wasn't always an investor, and setting up a new fund/accelerator/etc. is closer to being an entrepreneur than the investor role of a random principal at a big VC.
Definitely. A 5 minute conversation with Dave will sound remarkably similar to a 5 minute conversation with other founders - he's always spread too thin, trying to raise money, figuring out the hustle, helping wherever and however he can.
Re: Fear of Flying
#9If I take this article a bit more literally - I was afraid of flying too (with airplanes), then I decided to put an end to it and took skydiving lessons; Yeah the ones where not only you climb to the sky with a plane, but you jump out of it on about 13k feet (4km). Liberating is pretty much the word that describes it, and I'd also like to think about the same sensation (minus a bit of adrenaline) when you actually succeed (however you define success is up to you) in business.
Re: Fear of Flying
#10Does it really has to be that way? Is it flying or crashing the only possibilites? Maybe not. Maybe soft landings are possible, just don't put everything you got in just one shot.
Could you expand on soft landing? Flying high and crashing and burning are somewhat self explanatory from a fund manager's perspective, but I'm curious what you meant by soft landing. Do you mean a 'life-style business', or trying a few smaller ideas simultaneously? (Genuinely interested, not sniping or anything).
(This is pure opinion, really)
Most of fund managers shouldn't be called investors, they make bets in companies like some people do in horse racing. Which is ok, but they sell this image where the only path to succeed is by getting huge like instagram or crashing like a thousand other startups. They are distorting reality for profit. Making bets is part of speculative investment, doing this to startups is cruel - specially when you have direct influence in the whole 'community'.
How it works:
Let's say you have: a set of ideas I, which pretty much englobes all ideas that have a some chance of succeeding right now, some ideas slightly overlap others, but that's ok. Now, you take N startups which are willing to take one idea and blindly go full throttle, to fly or die. Your job as a VC is pretty much igniting them and (that's the cruel part) making sure they do never 'pivot' to something smaller with a more long-term approach/returns. You worth more dead tomorrow than evaluated at 'only' 2 million in 24 months.
My point is: for every airbnb there are hundreds of very successful companies that have million of users and also impact the world and didn't play russian roulette.
Almost forgot (explaining soft landing):
The idea is pretty simple, find some market that are willing to pay (read: if you ask the money before the product, they would pay and then you ASK) build the product without spending your savings. Get more similar users. If the first 50 users you got are the only ones that want the product (very unlikely) maybe it's time to shut down the product and take the losses which will not be huge. You might even keep your old job when doing that. Most of ideas I got from Amy Hoy and DHH/Jason (book 'Rework').