See PFA I am doing God's work on two levels content and post restrictions.Originally Posted by Dan Druff
See PFA I am doing God's work on two levels content and post restrictions.
Garrett got sent to the posting incubator.
good shit abrown...
you definitely speak the truth about all this stuff...I know more guys on the PE side of things, but have heard what VC and west coast business is like...like you said about VC, they "own" the market of like 20 companies, invest a penny in each of those companies and eventually a few of those companies will return a dollar...they've just made a killing...
the valuation stuff is just killer...the fact that people were actually valuing Uber on par with companies like FedEx is just hysterical considering all the legal hurdles they are facing...
just talked to a guy who moved from NYC to the west coast and he said it's so much different out there...east coast you "have" to stay in a job for a couple of years before jumping to the next gig...west coast it's like musical chairs every 6-12 months...
anyway keep up the good content, definitely interesting to see what the inside of the whole process is...
All VC's in the Bay Area are invested strictly in tech companies.
They only invest money in tech companies owned by people under 30, guys that look like Mark Zuckerberg.
These VC's would never invest in companies that have a proven track record but are owned by older people.
They consider those dinosaurs and a bad investment.
Younger naive business entrepreneurs that are going to make the next killer app which you will spend hours using and wasting time.
That's what most of the VC cash is going for.
Back in 1976, Ronald Wayne sold his 10% stake in Apple for $800. Today that is worth over $77 Billion.
Good Call.
Last edited by TheXFactor; 12-02-2015 at 07:12 AM.
Good read. I'm in this world right now....closed series A and B in the last year with Kleiner leading our B round and looking at a C round in the next 3-6 months. I'm early but not c-suite (VP level) and this is my 3rd startup and have not had an exit event at the first 2. This one is looking promising assuming the market can hold up...
Come on big bucks...big bucks...no wammys aaaaanddddd.....
Wonder what became of this .... cause market obv. VC life on hold? Smells like a wammy.
Was talking to my kid in Vegas just a little while ago. She's working beside a bunch of programmers at a Starbucks near McCarron. I'm like WTF it's midnight. She says it has 30 people in it. You couldn't find an open Starbucks in all of New England at midnight.
I'm up at 4:30am. I am in the wrong city. I was born to the wrong time.
Conversation between two programmers:
"the (app) company would rather have the consumer waste storage space on their phone than pay a second programmer's $100k salary"
Right? Like when was the last time anyone made a purchasing decision based on file size? Gold.
Get back to this thread abrown & bigpoppa
You wouldn't want to be one of those programmers, though.Wonder what became of this .... cause market obv. VC life on hold? Smells like a wammy.
Was talking to my kid in Vegas just a little while ago. She's working beside a bunch of programmers at a Starbucks near McCarron. I'm like WTF it's midnight. She says it has 30 people in it. You couldn't find an open Starbucks in all of New England at midnight.
I'm up at 4:30am. I am in the wrong city. I was born to the wrong time.
Conversation between two programmers:
"the (app) company would rather have the consumer waste storage space on their phone than pay a second programmer's $100k salary"
Right? Like when was the last time anyone made a purchasing decision based on file size? Gold.
Get back to this thread abrown & bigpoppa
They get worked to the bone for a $100k-ish salary, and they get fired if they dare object to the 80+ hour workweek.
That's why I ditched out on that industry. I found that spending all day and all night on your own programs could be fun and satisfying, but being obligated to do it for someone else sucked.
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