Betting on Startup Gods
The Hyper Team @ Venture Hype | Sep 30, 2009
Got money to burn? Want an adrenaline-pumping rollercoaster ride? Forget casinos. Try betting on a startup founder who fits the following descriptions. You’re pretty sure the startup will fail so you have nothing to lose, except maybe that small wager of tens of thousands of dollars. But if he ended up succeeding, be sure the media will blast out some sensational stories and make you a star overnight. Sure can’t get that from a casino!
1. The Armies of One
He’s the CEO, CFO, CTO, CMO, and C-whatever-O of the company. He’s positive that no one can do a better job than him so he insists on handling everything from admin and programming to accounting and business development — all by himself. He’s even his own female assistant. When you call and a female with a manly voice named Gladys answers the phone asking whether you’d like to leave a message, yes, it’s him.
2. Far, Far Away From Civilization
So what if there aren’t any other people within several hundred miles in where he works? Experts, qualified employees, and supportive and reliable infrastructure are overrated. You should be glad that he’s also far, far away from the bars and clubs and all ‘em distracting temptations.
3. Smart and Flawless
He’s so smart he doesn’t need to accept the lowly advice of others. Why can’t you understand that his original idea will succeed regardless of flaws and lack of market demand? Evolution is for idiots like Google.
4. Big Ambition, Big Dreams
He’s ambitious and he’s got big dreams. Of course he wouldn’t restrict himself to a target market. Target anyone that walks and increase the market size. Wow he’s absolutely on to something.
5. Keeping the Cool
He’s got a great idea but he’s only half enthusiastic about his venture. Wonderful! You sure don’t want an entrepreneur who can’t stop talking about his business and quit his day job because he’s so engaged with his new company. A lukewarm founder would work better with your bedtime schedule – at least he won’t be calling you in the middle of the night telling you about his industry-disrupting innovations.
So what do you think? Wanna chip in our fund to invest in bet on startup gods like that? It’ll be one heck of a ride!
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Filed Under: Angel Investing Basics • Picking Winners
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