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Here is what I have seen happen and work quite effectively. - Find a bunch of investors (that is anyone with lots of disposable cash) - Befriend them. Use the

by rdtsc 10y ago

Here is what I have seen happen and work quite effectively. - Find a bunch of investors (that is anyone with lots of disposable cash) - Befriend them. Use the 'How to Win Friends and Influence People' techniques on them. - Come up with any idea, doesn't matter what it is at that point, could be "Uber For Dogs" or "Bitcoin Microloans for Clowns" ... - Get the cash for the startup. Rent an office. Put CEO on your title. Enjoy playing CEO for 5 years. - Rinse, repeat. - In the process make sure to go to every single meetup, and conference and hand out business cards with your title on it as "CEO" - As soon as any new framework comes around, re-write everything in it. Then write a blog post "We switched from X to Y". Convince said investors that this is a crucially important / strategic priority if they start questioning your methods. - After blog is written add title "author" next to "CEO".

danieltillett 10y ago
This is why in my angel investing (I really hate the term angel) I try to avoid just investing in people I like. It is not that I want to work with people I dislike, but that if I like them other people probably do and if they are all investing on the basis of how much they like the founders then the price will be higher.
- codyZ 10y ago
  Coincidentally, in my research paper, it's found that one of the deciding factors that VCs and Accelerators choose/invest in companies is actually how much they 'like' people or founders
  - danieltillett 10y ago
    Yep. I can understand the appeal of wanting to invest in people you like because you will be spending a lot of time with them. It would not be so bad if who people liked was random, but it is not - we all tend to like the same people. Investing is quite like dating in that it is not always best to just go the for the hottest guy/girl in the room.
  - scirocco 10y ago
    Any way of reading that paper?

by rdtsc 10y ago

danieltillett 10y ago

This is why in my angel investing (I really hate the term angel) I try to avoid just investing in people I like. It is not that I want to work with people I dislike, but that if I like them other people probably do and if they are all investing on the basis of how much they like the founders then the price will be higher.

codyZ 10y ago
Coincidentally, in my research paper, it's found that one of the deciding factors that VCs and Accelerators choose/invest in companies is actually how much they 'like' people or founders
- danieltillett 10y ago
  Yep. I can understand the appeal of wanting to invest in people you like because you will be spending a lot of time with them. It would not be so bad if who people liked was random, but it is not - we all tend to like the same people. Investing is quite like dating in that it is not always best to just go the for the hottest guy/girl in the room.
- scirocco 10y ago
  Any way of reading that paper?