Posted on January 20, 2008
Filed Under Commercial Interruptions |
Ladies and gentlemen…I’ve traveled over half our Silicon Valley to be here tonight. I couldn’t get away sooner because a new startup was closing a Series A round in Menlo Park and I had to see about it. That startup is now growing virally at two thousand registered users per day and it’s earning an AdSense income of five thousand dollars a week. I have two other startups I’m looking at funding and I have sixteen others that I have funded already. So, ladies and gentlemen…if I say I’m a venture capital man you will agree. You have a great chance here, but bear in mind, you can lose it all if you’re not funded. Out of all the men that beg for a chance to fund your startup, maybe one in twenty will be venture capital men; the rest will be speculators - men trying to get between you and the venture capitalists - to get some of the money that ought by rights come to you. Even if you find one that has money, and means to fund, he’ll maybe know nothing about Web 2.0 and he’ll have to hire out a consultant on contract to advise your business, and then you’re depending on a contractor that’s trying to rush your sale to Google so that he can get another startup sold to Google just as quick as he can. That is the way this works.
There Will Be Blood is a must-see film. Daniel Day-Lewis does an incredibly accurate job of portraying how Drama 2.0 operates.Print This Post