Too many founders are trying to figure out “the right way to do it” Eg founder mode. I want to love this idea. Except I have no idea what it is.
Founders need irrational certainty. But when it comes to loud, certain advice it’s better to have a skeptical mindset and a default question: I wonder if that’s true?
From The Illusion of Certainty https://t.co/cKrrCPWNny
How to recognize a lead Angel investor: They don't ask “Who else is investing?” They have confidence/time to do their own diligence. They talk about deals where they've played an active role. They offer to intro you to other Angels. #angels#leads
Lots of lessons from the best Angel investment in Canadian history. Mine: Angels should make (bigger) bets on (better) founders. https://t.co/Lz2lyVLGdY
Most Angels are followers (which is ok). You can recognize followers by how they talk about their deals: they emphasize who else is in their deals and name drop prominent investors.
I get asked this question a lot in my founders workshops: "What if an Angel also wants to be paid as a consultant?" I know my answer, what's yours?
1/ No problem if they add value
2/ Never. Run away.
Before raising from Angels it pays to understand the different types. Eg most Angels are followers. It's better to focus on a lead who can think independently. I wrote a blog post about Angel types: https://t.co/37yuL2u6fG #angels#founders#pitching
Playing @swaggervcgame with founders in the ChaiTech Accelerator. The winning fund? $75M in -> $1.5B out. Pretty great return. #vc#boardgames#founders
@dmzhq runs an 8-wk summer program for high school and univ students to learn about starting a company, incl design thinking, gtm, fundraising. Great free program for young entrepreneurs. This is from my fundraising class. #students#founders
What if the OpenAI board was right? In the sense they did their duty as independent directors? Everything about the structure and charter supports acting independently of what's good for profit or shareholder value.
They are slowing down progress of AI
True. But the mission is “to ensure that artificial general intelligence (AGI)...benefits all of humanity.” No mention of speed (and many will believe the exact opposite.)