159 comments posted · 488 followers · following 49
12 years ago @ PeteSearch - http://petewarden.type... · 0 replies · +1 points
12 years ago @ VC Adventure - There is no â€œFoundry... · 1 reply · +3 points
Boulder entrepreneurs (and by extension TechStars) simply can't have it both ways. If you want the involvement of foundry group in your company (and this actually true for any advisor who makes investments), you're signing up to have the moment of truth eventually. Either your advisor, informal or formal, will invest or they won't. It's a great win if they do because it inspires confidence in other investors.
If they don't invest, it's a setback. But it's hardly a major one. As an entrepreneur, it's actually pretty easy to explain away why foundry (or somebody else) didn't invest, and to do it in a credible way. In fact with you guys, it's absurdly easy and here's the free template:
"well foundry are thematic investors. we're not really in one of their themes so while they are fans of what we're doing (afterall, we did get in to techstars & they're involved as informal advisors), they didn't invest because we don't fit their premise which they represent to their LPs".
The "signaling problem" isn't really a problem. In the worst case, it's just a softball question, and in the best case, it's a bragging point.
12 years ago @ PeteSearch - How to turn data into ... · 1 reply · +1 points
12 years ago @ Feld Thoughts - Trying Gmail For A Week · 0 replies · +2 points
12 years ago @ TechStars Blog - Venturing Around · 0 replies · +4 points
13 years ago @ TechStars Blog - The Second Order Effects · 1 reply · 0 points
13 years ago @ Rob Johnson - Money quote from danah... · 0 replies · +1 points
13 years ago @ The Devver Blog - Lessons Learned · 0 replies · +2 points
13 years ago @ Rob Johnson - Tumblr Link · 1 reply · +1 points
13 years ago @ TechStars Blog - Eran Egozy · 0 replies · +1 points