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"We are basically trying to help the next generation of founders and entrepreneurs build awesome businesses"
- joshwa 19y agoTheir email box is going be flooded with YC rejects shortly... (mine included)
- bootload 19y ago"... One entrepreneur won over by the Founders Fund's philosophy is Barney Pell, the 38-year-old founder of Powerset, a natural-language search-engine startup that harbors ambitions of challenging Google ..." I wonder how well 'Clarium Capital Management' are advising their funded companies. Powerset is really setting themselves up for a fall if their search results are a magnitude worse than google. They have made some mistakes that I can think of so far: - they are 'talking' about their instead of 'showing' their product - talking about technology (nlp) instead of about how it makes search easier, better for users - licensing their 'core' technology from PARC, Xerox & not investing in their own ~ http://www.powerset.com/press/parc http://www.powerset.com/press/parc "... Parker came up with a novel arrangement that he hopes will benefit other founders as they build their companies: a new type of stock that allows 'founders to cash out a small percentage of their stake in a funding round so they don't have to wait until the company is sold or goes public' . ..." But they are getting some things right (percentage of cash up front)
- byrneseyeview 19y agoClarium is a global macro hedge fund; the Founders Fund is a different entity run by some of the same people.
- bootload 19y ago"... the Founders Fund is a different entity run by some of the same people. ..." So they do. Thanks for that, the errors mine ~ http://www.thefoundersfund.com/team_bios.html http://www.thefoundersfund.com/team_bios.html & http://www.thefoundersfund.com/portfolio.html http://www.thefoundersfund.com/portfolio.html