A Quote by Jon Oringer
Many entrepreneurs have shifted their focus to pursuing VC funding as a primary strategic priority instead of concentrating on generating value for their users. This is worrisome because raising capital alone is misleading as a benchmark for success.
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If you're in a squeeze for capital and you have a solid, mutually beneficial relationship with a VC, your chances of raising will increase dramatically.
Focus on something that has high value to someone else, be really rigorous in making that assessment, because natural human tendency is wishful thinking, so the challenge to entrepreneurs is telling what's the difference between really believing in your ideals and sticking to them as opposed to pursuing some unrealistic dream that doesn't actually have merit, be very rigorous in your self analysis, certainly being extremely tenacious, and just work like hell. Put in 80-100 hours every week. All these things improves the odds of success
People in private equity complain that they have so much capital and so few places to invest. But you have lots of entrepreneurs trying to raise money at the low end and find that they can't get funding because of this mismatch. I think that there is an opportunity there.
I would say raising capital is one of the weakest things for most entrepreneurs.
Broadening and deepening the relationship with our users and advertisers have always been our strategic priority.
I really believe that if capital doesn't come to the entrepreneurs, the entrepreneurs have no choice but to go to the capital.
It is all about finding the entrepreneurs who we believe in. Entrepreneurs who have the wherewithal, the enthusiasm, the passion, the expertise, and the network to take early-stage ideas down the path of success. And it's not always obvious, just because someone has years of experience, or fantastic people in their eco-system, or they have fantastic capital. It is the combination of all of those things, with the right attitude. And for us attitude is crucial.
Access to capital is critical for small business success and crucial to our economic recovery. Without access to capital, many small companies are not able to maintain operations, let alone expand and create new jobs.
Managers will work for a salary. Entrepreneurs create new businesses. Many people have capital, but instead of making money for business they build houses for rent. It's easy money to collect rental.
Many people look at successful entrepreneurs and think it's easy to get where they are at, but it really isn't. Many entrepreneurs work 16-18 hour days and thus have been able to achieve their high levels of success.
As a Christian, instead of concentrating on how you feel, focus on what you know to be truth from the Word of God.
The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.
Kickstarter has shifted from funding creative projects to funding products and videogames; the biggest funded are consumer electronics and video game projects.
I hear so many startups talking about how they can raise VC instead of questioning whether they need it in the first place.
For every company that sees the value of their capital go up, there's another company that has been disrupted, and the value of their capital gets marked down because it's not going to compete in the same way.
I'm trying to focus on the 100 and 200 breaststroke now. There's no point concentrating on the 50 when it's not in the Olympics. I'm not going to quit the 50 but it's not my priority any more. I'll do it but as part of my bid for gold at the other distances.
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