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	<title>Comments on: Randy Komisar on the Rocket Ship investment model</title>
	<atom:link href="http://venturehacks.com/articles/rocket-ship/feed" rel="self" type="application/rss+xml" />
	<link>http://venturehacks.com/articles/rocket-ship</link>
	<description>Good advice for startups.</description>
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		<title>By: Brenda</title>
		<link>http://venturehacks.com/articles/rocket-ship/comment-page-1#comment-745</link>
		<dc:creator>Brenda</dc:creator>
		<pubDate>Wed, 25 Jun 2008 17:05:21 +0000</pubDate>
		<guid isPermaLink="false">http://new.venturehacks.com/?p=390#comment-745</guid>
		<description>Looking at the glass half full is my take-away from what I&#039;ve read.  Here are my additional thoughts:

1)  If investor invest in a company with sound potental, let it incubate and have a chance to grow and flourish, there may be more companies surviving and prospering instead of becoming a casualty to the filling full of rocket fuel and blasting into space etc...

2)  Investors should consider investing in the business as a &quot;team&quot; (investors, founders, board, employees etc.) as oppose to adopting the &quot;I&#039;m only interested in what&#039;s in it for me&quot;mentality.  With that being said, businesses succumb to missing growth opportunity BECAUSE it&#039;s focus on growing, learning, tweaking to market changes is misdirected due to becoming more focused on keeping the investors happy NOW instead of reaping future benefits.

The hypersensity of &quot;pleasing&quot; investors who have short term expectations (which may have been used to sell them), makes it difficult for start-ups to make calculated decisions that are in the best interest of the company long term.

3)  This is the problem as I see it...  Some of us have to whore ourseleves out with the &quot;pie in the ski projections&quot;
initially to capture investor attention which create problem #1...  meeting those unrealistic expectations or the &quot;blasting off&quot; probability.  When  started my company, I didn&#039;t do this and as a result was only able to attract F&amp;F investors with limited resources.  Additionally, the monthly challenge of raising operating capital sucks the energy out of me and cost many hours of productivity.

In summary:   As I&#039;ve learned...  it is important to pick investors that are nurturers and mentors and have the ability to continue to assist in funding and growing your operation if the expected unexpected occurs.  ;-)

Oh, and pick mentors investors instead of silent investors.  Mentor investors with a &#039;dog in the fight&#039; can be counted on for business introductions... which can be HUGE for start-ups.  ;-)</description>
		<content:encoded><![CDATA[<p>Looking at the glass half full is my take-away from what I&#8217;ve read.  Here are my additional thoughts:</p>
<p>1)  If investor invest in a company with sound potental, let it incubate and have a chance to grow and flourish, there may be more companies surviving and prospering instead of becoming a casualty to the filling full of rocket fuel and blasting into space etc&#8230;</p>
<p>2)  Investors should consider investing in the business as a &#8220;team&#8221; (investors, founders, board, employees etc.) as oppose to adopting the &#8220;I&#8217;m only interested in what&#8217;s in it for me&#8221;mentality.  With that being said, businesses succumb to missing growth opportunity BECAUSE it&#8217;s focus on growing, learning, tweaking to market changes is misdirected due to becoming more focused on keeping the investors happy NOW instead of reaping future benefits.</p>
<p>The hypersensity of &#8220;pleasing&#8221; investors who have short term expectations (which may have been used to sell them), makes it difficult for start-ups to make calculated decisions that are in the best interest of the company long term.</p>
<p>3)  This is the problem as I see it&#8230;  Some of us have to whore ourseleves out with the &#8220;pie in the ski projections&#8221;<br />
initially to capture investor attention which create problem #1&#8230;  meeting those unrealistic expectations or the &#8220;blasting off&#8221; probability.  When  started my company, I didn&#8217;t do this and as a result was only able to attract F&amp;F investors with limited resources.  Additionally, the monthly challenge of raising operating capital sucks the energy out of me and cost many hours of productivity.</p>
<p>In summary:   As I&#8217;ve learned&#8230;  it is important to pick investors that are nurturers and mentors and have the ability to continue to assist in funding and growing your operation if the expected unexpected occurs.  <img src='http://venturehacks.wpengine.netdna-cdn.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>Oh, and pick mentors investors instead of silent investors.  Mentor investors with a &#8216;dog in the fight&#8217; can be counted on for business introductions&#8230; which can be HUGE for start-ups.  <img src='http://venturehacks.wpengine.netdna-cdn.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
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		<title>By: Greg</title>
		<link>http://venturehacks.com/articles/rocket-ship/comment-page-1#comment-744</link>
		<dc:creator>Greg</dc:creator>
		<pubDate>Wed, 25 Jun 2008 15:37:53 +0000</pubDate>
		<guid isPermaLink="false">http://new.venturehacks.com/?p=390#comment-744</guid>
		<description>Randy came on Venture Voice a couple years ago just after he joined KPCB: http://www.venturevoice.com/2005/12/vv_show_23_randy_komisar_of_kl.html

Here&#039;s what he said about becoming a VC:

“The opportunities to make a difference were happening so fast and furiously, that I was loath to be committed and stuck in any single one of them. I wanted to be able to work across a portfolio of ideas.”</description>
		<content:encoded><![CDATA[<p>Randy came on Venture Voice a couple years ago just after he joined KPCB: <a href="http://www.venturevoice.com/2005/12/vv_show_23_randy_komisar_of_kl.html" rel="nofollow">http://www.venturevoice.com/2005/12/vv_show_23_randy_komisar_of_kl.html</a></p>
<p>Here&#8217;s what he said about becoming a VC:</p>
<p>“The opportunities to make a difference were happening so fast and furiously, that I was loath to be committed and stuck in any single one of them. I wanted to be able to work across a portfolio of ideas.”</p>
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		<title>By: Aronado</title>
		<link>http://venturehacks.com/articles/rocket-ship/comment-page-1#comment-743</link>
		<dc:creator>Aronado</dc:creator>
		<pubDate>Wed, 25 Jun 2008 01:09:57 +0000</pubDate>
		<guid isPermaLink="false">http://new.venturehacks.com/?p=390#comment-743</guid>
		<description>Really. Hmmmm well, shouldn&#039;t that be clarified somewhere in the post, since this is a blog for &quot;hacking venture capital&quot; ?

respectfully,
Aronado</description>
		<content:encoded><![CDATA[<p>Really. Hmmmm well, shouldn&#8217;t that be clarified somewhere in the post, since this is a blog for &#8220;hacking venture capital&#8221; ?</p>
<p>respectfully,<br />
Aronado</p>
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		<title>By: Nivi</title>
		<link>http://venturehacks.com/articles/rocket-ship/comment-page-1#comment-742</link>
		<dc:creator>Nivi</dc:creator>
		<pubDate>Tue, 24 Jun 2008 19:47:51 +0000</pubDate>
		<guid isPermaLink="false">http://new.venturehacks.com/?p=390#comment-742</guid>
		<description>I think he is making the case for not investing.</description>
		<content:encoded><![CDATA[<p>I think he is making the case for not investing.</p>
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		<title>By: Aronado</title>
		<link>http://venturehacks.com/articles/rocket-ship/comment-page-1#comment-741</link>
		<dc:creator>Aronado</dc:creator>
		<pubDate>Tue, 24 Jun 2008 19:40:11 +0000</pubDate>
		<guid isPermaLink="false">http://new.venturehacks.com/?p=390#comment-741</guid>
		<description>hola!

Please clarify these two quotes from Randy, they seem to be in opposition:

“If I invest, I am prone to think like an investor, favoring my return over what’s best for the team and often its long-term business.”

“In a privately held startup I don’t favor the investors over the founders. This is probably the crucial way my thinking differs from a VC’s.”

How can he tend to think like and investor but, not favor the investors while favoring his return over what&#039;s best for the team.

Hopefully, I am missing something here.

Thank you!
Aronado</description>
		<content:encoded><![CDATA[<p>hola!</p>
<p>Please clarify these two quotes from Randy, they seem to be in opposition:</p>
<p>“If I invest, I am prone to think like an investor, favoring my return over what’s best for the team and often its long-term business.”</p>
<p>“In a privately held startup I don’t favor the investors over the founders. This is probably the crucial way my thinking differs from a VC’s.”</p>
<p>How can he tend to think like and investor but, not favor the investors while favoring his return over what&#8217;s best for the team.</p>
<p>Hopefully, I am missing something here.</p>
<p>Thank you!<br />
Aronado</p>
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