vc

The start-up guide

Filed in archive Venture Capital on April 14, 2005

Great piece of an essay from Paul Graham:

"For example, dating sites currently suck far worse than search did before Google. They all use the same simple-minded model. They seem to have approached the problem by thinking about how to do database matches instead of how dating works in the real world. An undergrad could build something better as a class project. And yet there's a lot of money at stake. Online dating is a valuable business now, and it might be worth a hundred times as much if it worked.

Talk to as many VCs as you can, even if you don't want their money, because a) they may be on the board of someone who will buy you, and b) if you seem impressive, they'll be discouraged from investing in your competitors. The most efficient way to reach VCs, especially if you only want them to know about you and don't want their money, is at the conferences that are occasionally organized for startups to present to them."
Take the 20 mins and read - you will enjoy it.

Permalink: The start-up guide

Tags: technology  startups  guide  start  entrepreneurship  start+guide  venture+capital  please+enter 

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