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Dave is attentive and useful as an investor, even with 250 investments to date. He's created a brand for himself and 500 that is awesome to be a part of. It's g
by pitdesi 15y ago
Dave is attentive and useful as an investor, even with 250 investments to date. He's created a brand for himself and 500 that is awesome to be a part of. It's great to be a part of the 500 family/mafia and I encourage anyone who has the opportunity to do so to go for it.
As for 500s strategy, they have money for follow-on investments. They were in our convertible note but then doubled-down in our seed round. They invest 50k in each of their accelerator companies but also do follow-on in the ones that show the most promise. The strategy makes sense to me... too early to tell because none of the exits have been smashing home runs, but I certainly expect some of them to have huge returns.
- beatle 15y agoI’m kind of embarrassed to call myself a Venture Capitalist. In fact, most of us who call ourselves VCs should be too. Why? Because MOST of us are hypocrites, and have NO idea what we’re doing. how many VCs are there that have successfully grown from a few partners into BIG, HUGE companies with HUNDREDS if not THOUSANDS of people operating all over the world? where is the Google of VC firms? the Facebook of VC firms? the Apple of VC firms? why hasn’t this happened yet? why aren’t there VCs that invest in HUNDREDS if not THOUSANDS of companies every year? and yet: the modern venture capital model has been around for perhaps 30-50 years, but we still haven’t quite seen the Henry Ford of venture capital. we can do better. Dave you're hilarious as usual.
- travisglines 15y agoOne downside to their strategy is that the follow on investments can be seen as a vote of confidence. It may be very hard for a company to raise funds if passed over by the people who know them best.