One man's opinion on Venture Capital Basics

The right to exist

Jack Roseman, a professor of mine at GSIA (now Tepper), told me... "As a human being, you have the right to exist. You have the right to food in your belly, a roof over your head, and clothes on your back. I'll pay taxes to guarantee these rights. But as a company, you have no such rights. As a company, you have to fight for the right to exist EVERY DAY. And the only guys who can give you that right, are your customers. They'll give you that right with their wallets, nothing else."

I'm still trying to figure that one out.

Entire Universe

Someone once asked me what made a 'great entrepreneur'.

Anyone can be an entrepreneur, just start a business. If you fail to go out of business, congratulations!

But good entrepreneurs know their business. They know the competition and they know their people.

Quicker Faster Stronger Smarter Better

Olympic motto is: Swifter, Higher, Stronger.

I came up with my own motto(5 words) as a result of my competative spirit, and recognizing that there is always someone out there, now, or in the past, or in the future who will be equal to me in 4 aspects, and slightly better than me in the 5th. This is a variation of 'be paranoid' that drives some companies.

In verbose explaination:
Quicker: Someone will notice the opportunity before you do
Faster: Someone will GET to the opportunity before you do

Blood suckers can give blood

Having been called a blood sucking vampire by some close friends, I should show that I can experience the same thing.

Giving blood is a simple task, takes about 1 hour of your life, and has great benefits. Until one of the synthetic blood companies I see really takes off, this is the primary way we have of maintaining the blood supply.

Dewey wins?

Was the Indian election results another instance of mis-focused polls?

Everyone who responded to a phone poll said Dewey would win. This conveniently ignored that most people who voted back then didn't have a phone.

With Gandhi winning the Indian election, was this another instance of near-sightedness? Most of the voters didn't have email, so what's the significance of sending out 1.8 million e-mails? Most people don't have phones, most voters didn't share in the "India Shining" future.

Not Dead Yet

People have paraphrased Darwin as "Only the Strong survive." Which is an aggressive, and incorrect interpretation of "Survival of the fittest."

However, my favorite interpretation of is runs along the lines of. "What exists today, only exists because everyone else died off first." More of the survivor bias, instead of any intrinsic superiority in what we have now.

New Title for this blog

The webpage already says "No Customers = No Company".

So this Blog is now an open admission that I make mistakes.
Lots of them.
Over and over again.

Plus now I don't have to worry about being 'right' all the time.

I know there are errors in this text, finding them and correcting them will be left as an exercise to the reader.

Eventually, I'll fail to fail, and claim that as a success.

It seemed like a good idea at the time

This thought "It seemed like a good idea at the time." Probably accounts for 90% of all decisions made by anyone.

But it also has the sub-text of "I couldn't come up with anything else"

Now, lots of bad results can arise from this, but at the time it seemed like a good idea.

The point of this post? don't always believe that there's malice in your misfortune. Ignorance, and best intentions tend to be the main reason why things are done/not done. Not outright malice against you.

First Blog

Finally here. Blogging online on my site.
Thank Owen for this, he can take the credit for being the final straw.

More random thoughts to come.
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