The Funding Of
Innovation
is BROKEN
is BROKEN
But Why?
is BROKENCHAOS
1) Those who get lost between the cracks
1) Those who get lost between the cracksa.) Pre-Revenue, niche, consumer goods
1) Those who get lost between the cracksa.) Pre-Revenue, niche, consumer goodsb.) Hybrid business models
1) Those who get lost between the cracksa.) Pre-Revenue, niche, consumer goodsb.) Hybrid business modelsc.) Non Ivy-league
1) Those who get lost between the cracksa.) Pre-Revenue, niche, consumer goodsb.) Hybrid business modelsc.) Non Ivy-leagued.) Minorities (this includes Women)
2) Location
2) Locationa.) Invest Local, but think Global
2) Locationa.) Invest Local, but think Globalb.) Waiting for deals to find you
2) Locationa.) Invest Local, but think Globalb.) Waiting for deals to find youc.) Seeking out investments at events
3) Investors Themselves
3) Investors Themselvesa.) Introduction Requirements
3) Investors Themselvesa.) Introduction Requirementsb.) Risk Aversion
3) Investors Themselvesa.) Introduction Requirementsb.) Risk Aversionc.) Multiple GP decision making (& mandates)
4) Trends
4) Trendsa.) Funding Today’s Trends
4) Trendsa.) Funding Today’s Trendsinstead of...
4) Trendsa.) Funding Today’s Trendsinstead of...b.) Funding based on Future Trend Predictions
Following a Trend
Following a TrendLeads to More Clones
Create Trends
Spot Trends
Don’t Follow Them
As Benjamin Graham would have said...
it’s a pendulum
Don’t chase a rising pendulum (trend)
All reach a peak before they fall
All these things...
...are part of Risk
Without Risk, There is NO Great Reward!
True Disruption Carries MORE RiskThan the average company
Their founders and/or their ideasare usually called
“CRAZY”
ONLY THOSE CRAZY ENOUGH TO BELIEVE THEY CAN CHANGE THE WORLD
WILL DO SO...
Nikola Tesla
The Wright Brothers
Steve Jobs
Doing the same thing over and over
while getting the same results, but expecting things to change...
Doing the same thing over and over
while getting the same results, but expecting things to change...
...Is INSANE
IT’S TIME FOR NEW:
IT’S TIME FOR NEW:MODELS
IT’S TIME FOR NEW:MODELSMODES OF THOUGHT
IT’S TIME FOR NEW:MODELSMODES OF THOUGHT&SEEKING OUT THOSE WORKING ON CHANGING THE WORLD
The next Instagram WILL NOT make the world any better
Think Between The Cracksand outside of Stanford, Harvard, Etc etcetera...
I HAVE NO RACE, I AM INDIGO
THINK OUTSIDE OF YOUR CLOSE CIRCLE
THINK OUTSIDE OF YOUR CLOSE CIRCLEYOU WILL NOT KNOW EVERYONE
THINK OUTSIDE OF YOUR CLOSE CIRCLEYOU WILL NOT KNOW EVERYONE
Psst...Would you had known Tesla? who
wrote on WIFI around 1900
They took him out the
Smithsonian
THINK OUTSIDE OF YOUR CLOSE CIRCLEYOU WILL NOT KNOW EVERYONE
Would you had know Einstein, the late bloomer? His father unsuccessfully wrote a professor to try to get him a job
THINK OUTSIDE OF TODAY
THINK OUTSIDE OF TODAYIMAGINE TOMORROW