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Our intentions are not financial (see the philosophy page). All of the mentors in Capital Factory are doing it because we love working with young entrepreneurs.
by joshuabaer 18y ago
Our intentions are not financial (see the philosophy page). All of the mentors in Capital Factory are doing it because we love working with young entrepreneurs. We've all built and sold companies and even getting a 100x return on $5k won't change our lives.
Putting up some money and getting some equity is analogous to playing poker with dollar bills instead of chips. It increases our emotional attachment and shows that every mentor is really committed.
- pxlpshr 18y agoThat's an awfully crass analogy to make.
- jksmith 18y agoHuh? How so? I think the poker analogy is healthy because it's a refreshing way for angels to look at deals. An angel telling you that 25k or whatever is risky, but then turns around and drops that much on a Vegas weekend is bullshit and represents a much more lucky than smart investor.