– Facebook was exciting due to user engagement & growth. Never argue w/users even if self not a user.
– Snapchat investment due to pattern recognition of social apps.
– Ben Silverman spent 1.5 years iterating Pinterest via focus groups in cafés w/women friends.
– Ev Williams & Ben Silverman are successful because they are obsessed w/great products & less worried ab/PR.
– Ron Conway helps w/hard problems: funding, M&A.
– Founders don’t spend enough time finding the value added investor. Too much focus is on other topics like dilution.
– Get process going quickly. Term sheet is a forcing function to get other investors.
– Entrepreneurs need to be decisive about product & company. Investors ask if this founder can attract talent to grow company.
– Cost of starting biz is much lower.
– User design and interface are important now.
– Facebook was exciting due to user engagement & growth. Never argue w/users even if self not a user.
– Snapchat investment due to pattern recognition of social apps.
– Ben Silverman spent 1.5 years iterating Pinterest via focus groups in cafés w/women friends.
– Ev Williams & Ben Silverman are successful because they are obsessed w/great products & less worried ab/PR.
– Ron Conway helps w/hard problems: funding, M&A.
– Founders don’t spend enough time finding the value added investor. Too much focus is on other topics like dilution.
– Get process going quickly. Term sheet is a forcing function to get other investors.
– Entrepreneurs need to be decisive about product & company. Investors ask if this founder can attract talent to grow company.
– Cost of starting biz is much lower.
– User design and interface are important now.