"Insuring" Angel Investors

Image via WikipediaThe idea behind insurance is that you pay for auto insurance, I pay for auto insurance, and so do a million other people. Not a million get into accidents. When a few do, it is paid for by all collectively.

Angel investors get screwed by established venture capitalists routinely. In the later rounds the VCs hog the negotiations in ways that people who believed in you early end up getting the short shift. You end up not making money even when the startup does well.

And then there is the no small matter of losing your money entirely because the startup you invested in went down.

It is a numbers game. Startups are known to go down. The best VCs expect at least one third of their startups to go down. And at the outset they have no idea which one third.

US Royalty: Staying Together

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One of the mesmerizing aspects of U2 for me - a group dynamics person - is that they have stayed together as a band, and if they have managed that so far, it probably is too late for them to break up now, or 10 years from now.

How did they do that?

To be able to find the right founding members, and to stick it out, year in year out. How many tech startups can make that boast? It takes a lot. How do you maintain a fiery pace of innovation? And how do you stick it out as a team?

That's an art. That's science.
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If the US Royalty are who I think they are, they will still be one band 20 years from now. And if they are not together 10 years from now I am going to think I bet on the wrong horse. Oh, well.

As of last night I have talked to three of the four. ("Hi, I am John." "I know.") I am going to track down the drummer also somewhere down the line. I'm sure they will be back in town soon enough.

...... singer John Thornley, guitarist Paul Thornley, bassist Jacob Michael, and drummer Luke Adams.

Happy 4th From My Friend Luke
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And, by the way, they eat organic food. That should help them stay together. I asked Paul, you are on the road often, how does that impact your personal life? Oh, it's hard, he said, it's like going into the military, but I have a girlfriend.

Bono is married to his high school sweetheart.

The Beatles had a John and a Paul, and the US Royalty have a John and a Paul, only these two are brothers.