Who Owns The Company?

Image via WikipediaI have been meaning to write this blog post for a while now, months, possibly over a year. Finally I am getting around to it. It has become urgent. I have a pre-launch startup.

For conventional wisdom I am going to refer to this, but later.

Mark Peter Davis: Entrepreneur's Guide To Raising Venture Capital

I do know Mark, but that is not why. And this might or might not be the best guide out there to venture capital. But I expect it to be sufficiently good to provide me with the framework of the venture capital business as it stands today. But I have made a point not to read through his posts. I want to express my thoughts before I get corrupted by conventional wisdom.

So who owns the company? Just like I have a bias for Founder CEOs, I have a bias for startups that will go IPO. And it is those two scenarios that I have in mind. So my thoughts might not resonate with startups with other kinds of exits, which ends up being most startups.

You Have To Be A Little Wild

Image via WikipediaYou have to be a little wild to be doing the tech entrepreneur thing.

For one, the risks are high. All else equal you will more likely fail than succeed. The success stories make it to the press. The sob stories? There's not enough newsprint on the planet. And it is not one risk, one hump you get over. There are risks after risks after risks. Every step of the way. It is roller coaster. If you are not going to enjoy the ride, the solace of some day reaching the destination might be false. You might never get there. The journey is where it is at. The journey itself is the reward. If you don't think so, get into another line of work.

You have to be able to look at the establishment and look the other way. You have to be able to look at the status quo and sneer. You have to jolt. You have to give them the finger.

A Rationale Or Two For Blogging

Image via WikipediaFred Wilson: Do You Ever Get Bored Of Blogging?

I left this paragraph as a comment in reply to this blog post by Fred.

You have said a few times that you could not do your work without your blog. That is the best rationale I have seen for your daily blogging. True for me as well. My blogging is integral to my work. I am early stage, so I am even more dependent. Blogging is also like working out for the mind. It feels like doing push ups and is great fun. Blogging is one of my favorite things to do online. I would be a less intense consumer of content if I had not been an avid blogger.

Smartphones: Cheap Is Good

Image via CrunchBaseThe idea is to get the phone out to as many people as possible. If almost everybody has a smartphone then we are talking. Then we got critical mass. And the way to get there is through super cheap smartphones. I am glad we are headed that way.

GigaOm: The Future of Cheap Androids Begins Now

we’ll need to see unsubsidized handsets priced at or under $100 that can be used on a month-to-month basis ..... in Europe and elsewhere, it’s not uncommon to buy a phone, then purchase a SIM card from whichever carrier is currently offering the cheapest voice and data rates ..... By 2013, we expect 1 GHz smartphones to be available for $100. ..... By the end of this year, I expect to see no-contract Android devices costing $99 or less, paired with reasonably priced pre-paid plans.

The worst idea the smartphone industry ever came up with has been the two year contract. Phones go stale in six months, a year max.

Do You Use Hashtags In Emails?

I found myself using a hashtag in an email recently. First time. But I liked doing it. I wrote a few lines of email, and then I put down the hashtag at the end which captured the entire email in one word. I felt good doing it.