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The funny thing - this video is not too far off in describing Tesla's actual interactions with financiers of his time. If you are going to make financial playe
by dmk23 13y ago
The funny thing - this video is not too far off in describing Tesla's actual interactions with financiers of his time.
If you are going to make financial players a dependency in your business plan you'll have to jump through similar kind of hoops.
On the other hand Thomas Edison figured out how to bootstrap his enterprises, maintain control and avoid dealing with this kind of nonsense.
- Hitchhiker 13y agoParadox is once you pull an Edison , financiers wish to have interactions with you. This goes from the very top end of town to oblivion. Because, at the root of it is that gotcha.. money for nothing.. many know how the rest of that song goes.
- pcrh 13y agoIt's not too far off my dealings with Angels and VCs in the UK, either. It took more than one meeting for me to realize that a "deck" was a powerpoint presentation...
- rabarbers 13y agoI too did not knew what is deck and as I am not native English speaker, it sounded like Tesla VCs want too start with seeing a dick :D.
- ValentineC 13y agoI've created an 'Ask HN' about words like these: https://news.ycombinator.com/item?id=5732882 https://news.ycombinator.com/item?id=5732882 If there were any other things you were unsure about before, could you please share them? I'm hoping something constructive comes out of this.
- JanezStupar 13y agoThe moral of this story is "Do not try to be like Nikola Tesla, because it will not help you in any way."
- pcrh 13y agoI think many people such as myself (biotech scientist) fail to see how far we have to move away from the "cutting edge" in order to attract interest. A basic researcher thinks nothing of investing 3 years of labor into something that might work, because if you look at it this way and also that way, then it means the other, etc, etc. The time horizon for VCs is much shorter than that. If your idea is not working now, then you have very little chance of getting investment.
- greatguns 13y agoI don't think so. It's just a bad parody of VC's. Someone with the intellect and having developed disruptive technologies similar to some of what Tesla patented could still easily score investors. I think whoever did this was partially right-on but mostly just pissed at the way things are. The fact is, money doesn't grow on trees. There has to be a filter, and that filter isn't perfect.