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In part because as a VC I reached the longevity where you see some things fail and have to ask yourself, “would I readily work with that person again? I saw this in 2001-2003 and in 2008-2010. But I’ve been thinking a lot about failure in the past year or so. Why or why not?” I’m not sure.
I have often thought that creative endeavors where one has a quick turn-around between idea and realization of one’s work as one of the more fulfilling experiences in life. 2001–2007: THE BUILDING YEARS The dot com bubble had burst. Between 2006–2008 I sold both companies that I had started and became a VC. It was 1991.
Two weeks after Brad’s post I was at the 140 Conference in LA and I held open office hours for any entrepreneur who wanted to spend 15 minutes talking with a VC about their business. He came to the United States in 2001 to study Software Engineering at Auburn University. They come from smart, creative, inspired risk-takers.
I lived through this again September 2001. Many deals – VC or otherwise – didn’t close. VC, sales, biz dev, M&A or otherwise. Especially in VC. But get everybody to commit to sitting in the room until the terms are pounded out and creative solutions are reached for areas where you are at odds on terms.
R136 Ventures partners with creative entrepreneurs to help scale their mid-to-late stage startups. Between 2001 and 2005, I worked on a pioneering mobile banking platform for a young bank, that became the de-facto best-in-class standard among banks in Central and Eastern Europe, well before the iPhone era.
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