The more entrepreneurs in the world that are getting their ideas financed, the more great companies there are going to be that we can all invest in.
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The most common way customer financing is done is you sell the customer on the product before you've built it or before you've finished it. The customer puts up the money to build the product or finish the product and becomes your first customer. Usually the customer simply wants the product and nothing more.
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When my dad was in Vietnam, we lost a parent for a year. Thank God we didn't lose a parent for good.
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Being an entrepreneur is hard. Having supportive and caring investors helps.
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We need new medical approaches to preventing and/or curing disease. We need new scientific approaches to generating, storing, and being more efficient with energy. Maybe we need more space exploration. Maybe we need more undersea exploration.
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Given New York City's cultural diversity, it has always attracted creative people.
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Startups are rapidly changing systems. If you use an annual review cycle, you aren't getting feedback at the same pace that you need to adapt and change the business.
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Venture capital is about capturing the value between the startup phase and the public company phase.
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Building product is not about having a large team to manage. It is about having a small team with the right people on it.
