A Quote by Kevin Kinsella
For venture capital, one of the original principles is people you want to invest in are people who've done it before with someone else's money. Not people who've just came out of business school.
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A lot of people want to start a business, and they're like, 'I wanna start a business, give me some money to invest.' Where is your business plan? Are you investing money yourself into your own business? How is this going to work? People think that they can just come to you with an idea and have money.
I meet young people all the time who say something like, 'I want to work in venture capital.' And I can see why. Who wouldn't want to be smart, well-paid, dispense large sums of money, and tell people what to do?
Unfortunately, 'climate' has become a dirty word - obviously in politics, but even to some degree in my world, in venture capital. People hesitate if they see something that's purported to be green. That's not a reason to invest for many people.
There's almost too much venture capital in India - there are issues with seed capital, but for venture capital, there's a lot money chasing deals here.
Venture capital is a dynamic and people-driven business.
I want to be successful and I want people to hear the music and I want to make money at it, but if it isn't what you do, eventually it seems like that will cause you to not be able to do what you do. If you did that for a couple years, you would just become someone else, which is fine, I guess...but I don't want to become someone else. I want to do what I enjoy and what feels right.
I never think about the numbers. I've never played tennis for the money, because as long as I enjoy it, and I can achieve anything, then the money will come. I know that things will start coming up, many more people will want to start getting involved. But I just want to keep my head cool, and I want to leave (business) to the people who take care of business. I just go out and I just play tennis.
I always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself.
The problem with taking venture capital is if you take $5m from someone, it may feel great; you may feel like they're validating your business model. But they're giving $5m out to 20 different people, hoping one of them will be a hit. They don't really care if it's you.
With a regular venture fund, you raise, let's say, a billion dollars, and then over the next three or four years, you've got to invest that money; otherwise, the people who invested with you will say, 'What are you doing? You're just collecting fees on our money.'
I think sometimes when you come from a conservative background, you want to rebel a little bit. I dropped out of school at 15 and learned early in life that saying yes was a lot more fun than saying no. If you have the opportunity to explore the skies and attempt something people haven't done before - well, I was damned if I was going to sit around watching television while someone else was doing it.
Buying a share of a good business is better than buying a share of a bad business. One way to do this is to purchase a business that can invest its own money at high rates of return rather than purchasing a business that can only invest at lower ones. In other words, businesses that earn a high return on capital are better than businesses that earn a low return on capital.
People were asking me all kinds of questions about the business, and I was initially put off. I was like, 'Just invest if you want to invest. Don't bother me.'
There is always a critical job to be done. There is a sales door to be opened, a credit line to be established, a new important employee to be found, or a business technique to be learned. The venture investor must always be on call to advise, to persuade, to dissuade, to encourage, but always to help build. Then venture capital becomes true creative capital - creating growth for the company and financial success for the investing organization
At Pinetop I just studied music, and there was no pressure to look any certain way, and so being able to sing and play guitar was enough. But when I came out to L.A., there's a whole image that you put out there and people really feed off of that because of social media platforms. And sometimes someone will see a picture of me before they hear one of my songs. It's really important to have it all figured out so that you can portray what you want people to see.
I guess if you have an original take on life, or something about you is original, you don't have to study people who came before you. You don't have to mimic anybody. You just have a gut feeling inside, an instinct that tells you what's right for you, and you can't do it in any other way.
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