"on the contrary, we have a very good relationship with our founders and their teams, especially those that live with us for 4-6 months at our incubator. while individually I may not spend as much time with each founder, our team of 10 people and our mentor network of 175 people around the world DO spend time with our companies."
- dave mcclure
"great summary of the issues, and glad to have you as a 500 Mentor , Micah... and maybe someday soon, as an investor as well :) thanks for the post!"
- dave mcclure
"there we *TWO* followup stories after the original, both written within an hour of each other, both higighting the music issue. they were almost identical, with the exception that one of them mentioned the apology post that Curebit wrote. if the posts were meant to respectively highlight the apology and the music issue, then they arguably could either have been combined (since they were written within an hour of each other) or if separate then could have focused on diff topics. as it was, it appeared to be VentureBeat piling on, with essentially the same story with 2 diff link bait titles. IMHO, this seemed both unfair and questionable journalism. obviously I'm biased, so the reader can draw their own conclusions. I was furthermore annoyed that i was being referenced and quoted in the articles, but was never called or emailed for my commentary. that seems like sloppy journalism at best, or pointedly excluding my perspective at worst. neither of which is cool."
- dave mcclure
"1) incredibly passionate, determined about solving the problem 2) don't care much if other people think they're crazy / foolish / stupid 3) joyfully eager to show & tell other people what they're working on & why it's awesome also, sometimes: 4) blissfully ignorant of the consequences of both success and failure. (disclosure: I like to think I exhibit these qualities for 500)"
- dave mcclure
"you're welcome to criticize our investment strategy, or the actions of startup founders, but please don't conflate one issue with another. regardless, my "spam approach" to startups should not be the basis for your criticism. like any community, a variety if outcomes and perspectives will be present. feel free to focus and comment on the actual issues."
- dave mcclure
"well, I did tell them to hurry the fuck up & post an apology. which they did. unfortunately, the traffic also took down their blog. fucking hell, sigh..."
- dave mcclure
"have spoken to Curebit founder Allan Grant, he has taken down the pages with Highrise assets. he's also now drafting a public response. needless to say, he is re-thinking recent behavior. although i'm sure DHH will not forget the transgression, but hope he may allow them opportunity to show they can learn from their mistakes & change."
- dave mcclure
"guess i'm just not that religious about this issue. we have used both priced rounds & notes, usually capped. IMHO, the form of security isn't that big a deal, and it's usually more for cost saving & convenience. for a $1m raise, the diff in cost structure isn't meaningful, but for a $50-100k raise, it could very well be that a priced round is an unnecessary expense (perhaps $5-15k more expensive). more likely, the bigger issue is that priced rounds require coordination by multiple investors to agree on price, whereas in most cases notes do not. this is MUCH more likely to be the cause of entrepreneur hassle than the other issues you raise, and likely why it's the popular form of financing at the moment. being able to raise incrementally w/o having to coordinate among investors (some might even say "collude" ;) is easily a significant benefit over the other stated benefits of an equity round, at least in the early days of many companies."
- dave mcclure
"great post & perspective. platform = features + users + money (see related blog post of sane name few years back). in addition to unique / useful features, distribution and/or monetization are usually required to arrive / survive as a "platform". other emerging platforms of note: - Twilio - Dropbox - Tumblr - Pinterest - Quora?"
- dave mcclure
"us "asshats" over here like to think we live in a capitalist democracy where your personal beliefs don't get to override my personal freedoms, and your personal opinions don't become law for the rest of us. easy solution: you can pay for a ticket on a plane which has these rules, and i'll pay for one that doesn't. if i go down in flames, you won't have to deal with me troll-baiting your responses. wouldn't that be great? - dmc"
- dave mcclure
""everything else" does not have to be stowed. people read hardback books, newspapers, even have headphones around their necks. there is no consistent application of the rule. because the rule is an ass."
- dave mcclure
"no, it doesn't make sense. and your lack of data is not a good reason to enforce a mindless rule that has overwhelming evidence against its necessity."
- dave mcclure
"thx hong, nice ass-kissing u mofo -- but u STILL ain't hiring any of our founders dammit! and just to be clear -- that "1-man army" is actually a 10-person team and a #500STRONG group of mentors & founders & co-investors & family -- it takes a village my friend :) DMC"
- dave mcclure
"thx hong, nice ass-kissing u mofo -- but u STILL ain't hiring any of our founders dammit! and just to be clear -- that "1-man army" is actually a 10-person team and a #500STRONG group of mentors & founders & co-investors & family -- it takes a village my friend :) DMC"
- dave mcclure
"oh i dunno, maybe because robert is the ego whore who wants his video to get linked, and Gabe isn't? (kidding robert, I KEED! ;) point taken; maybe Gabe will aggregate video someday, but until then maybe robert wants to be proactive on the video"
- dave mcclure
"Gabe: you're awesome and I want you to have my babies. now that aside, how about that one request I've been asking for last 3-4 years -- daily / weekly email summary of TechMeme? (with headlines sized appropriate to influence / interest, not just TechMeme River regurgitated). seems like this would be: 1) mind-numbingly fucking simple, and 2) help drive a shitload of return visits / new users / increase engagement pretty please?"
- dave mcclure