11–20 of 23 posts
Awesome. I remember discussing Rapportive with Manu back when we started and although we didn't end up working together (maybe he didn't want too many companies that would sell to LinkedIn :p ?), the quality of his insights was off the charts.
Earlier quoted context omitted.
Investors are gamblers, and gamblers look for good odds. Until we can prove that the odds of success in the Bay Area are not better than other places, we'll have to often deal with required local operation. Lots of folks who aren't already wealthy would prefer living elsewhere (unless you like places with Manhattan-style prices, but no Manhattan-style amenities).
Do you really believe that the odds of success outside of the SF Bay area are equal to the odds of success in the Bay area?
On the other hand, starting your business in a random town probably won't have great odds.
Earlier quoted context omitted.
Investors are gamblers, and gamblers look for good odds. Until we can prove that the odds of success in the Bay Area are not better than other places, we'll have to often deal with required local operation. Lots of folks who aren't already wealthy would prefer living elsewhere (unless you like places with Manhattan-style prices, but no Manhattan-style amenities).
Do you really believe that the odds of success outside of the SF Bay area are equal to the odds of success in the Bay area?
I like all of the criteria laid out for portfolio investments, save #5: The entire team should be located in the SF Bay Area. I'm seeing this requirement more and more often among venture firms. Clearly K9 Ventures has had success with their investments, so they are free to allocate their money as they choose. I have nothing against the Bay Area. I went to school here, live here, and started my company here. However,…
You don't have that asset to sell if your team are spread out across the world, or are located somewhere else.