I don’t mean to dwell. Really. But c’mon Peter/Munjal.
Fail Fast, Fail Often but keep enough money in the bank to last (with no revenue) until 2009?
Huh?
At least a commenter (sort of) catches the flaw: “the probability increases after every iteration i.e. it does not stay at 5% after the 2nd iteration because you have valuable learning from the first iteration”.
An event that I co-founded was picked up by the local paper.
If you’re local, and passionate about innovation and start-ups, do come… it’s shaping up to be a great evening.
Tuesday, March 27th. 7:30 PM. Gown and Gavel in Hess Village.
Another quality post from Josh Kopelman, this time on the changing venture industry and new strategies at the earliest stages.
Long time readers will recognize the idea from earlier Disruptive Thoughts discussions on said topic (and in advice to start-ups).
While it’s nothing new – it’s the underappreciated commercialization phase of a start-up – it’s great content from Josh. And it will be interesting to see how the strategy works for First Round Capital.
1) A user-generated mutual fund returned 71% for investors. An interesting idea, a great return, and Eric shows us why it’s not attractive.
2) Brad Feld on the benefit of “Learning how to walk a little more carefully through a field that is regularly visited by dogs“.
3) The inappropriateness of the “because it’s standard” arguement (and, the power of a story to communicate a message).
4) The benefit of rising early (a goal of mine) and the potential benefit of a rigorous schedule.