Comments on: Randy Komisar’s ‘The Monk and the Riddle’ http://venturehacks.com/articles/the-monk-and-the-riddle Advice for entrepreneurs. Thu, 08 Jan 2009 02:58:30 +0000 http://wordpress.org/?v=2.5.1 By: Barry Chu http://venturehacks.com/articles/the-monk-and-the-riddle#comment-4308 Barry Chu Thu, 10 Jul 2008 00:24:34 +0000 http://venturehacks.com/?p=392#comment-4308 Interesting to see Randy's comment that "the Valley understands failure". I definitely think there is a "right" way to fail and even then a lot of folks won't be able to see past that. I think the ideas of failure and passion are interlinked in that passion allows you to take the risks that might result in failure. I used to think this "passion" and "missionary" stuff sounded like New Age baloney, but have since seen the light :) Wrote a <a href="http://barrychu.blogspot.com/2008/07/john-doerr-harry-potter-and-fear-of.html" rel="nofollow">post</a> about my "discovery" that there might actually be something to this whole mercenaries vs. missionaries thing that Doerr and Komisar talk about ;) Interesting to see Randy’s comment that “the Valley understands failure”. I definitely think there is a “right” way to fail and even then a lot of folks won’t be able to see past that. I think the ideas of failure and passion are interlinked in that passion allows you to take the risks that might result in failure. I used to think this “passion” and “missionary” stuff sounded like New Age baloney, but have since seen the light :) Wrote a post about my “discovery” that there might actually be something to this whole mercenaries vs. missionaries thing that Doerr and Komisar talk about ;)

]]> By: Marc Dangeard http://venturehacks.com/articles/the-monk-and-the-riddle#comment-3908 Marc Dangeard Thu, 26 Jun 2008 06:28:13 +0000 http://venturehacks.com/?p=392#comment-3908 On VCs, the comment is sustained by science when it comes to returns: I just read a study on 1300 VC firm that shows that the results are actually on average less than market: - SP500 plus 3% before fees, but down to SP500 minus 3% after the VCs have taken their fees. - and then the concept of "track record" is not sustained by numbers. From one fund to the other, there is no guarantee that the returns will be consistent, even whether the management team remains the same are not. Experience is actually not a factor in the returns observed. So these guys who have no management experience clearly bring no consistency into the picture. You wonder why invest in a VC fund when you see this type of info. Check out <a href="http://bizcoach.blogspot.com/2008/06/more-info-on-vc-funds-i-have-shared-my.html" rel="nofollow">my post</a> and/or <a href="http://www.soxfirst.com/50226711/private.pdf if" rel="nofollow">the actual study</a> you are interested in finding out more... On VCs, the comment is sustained by science when it comes to returns: I just read a study on 1300 VC firm that shows that the results are actually on average less than market:
- SP500 plus 3% before fees, but down to SP500 minus 3% after the VCs have taken their fees.
- and then the concept of “track record” is not sustained by numbers. From one fund to the other, there is no guarantee that the returns will be consistent, even whether the management team remains the same are not. Experience is actually not a factor in the returns observed. So these guys who have no management experience clearly bring no consistency into the picture.
You wonder why invest in a VC fund when you see this type of info.
Check out my post and/or the actual study you are interested in finding out more…

]]> By: Eran Galperin http://venturehacks.com/articles/the-monk-and-the-riddle#comment-3893 Eran Galperin Wed, 25 Jun 2008 20:24:44 +0000 http://venturehacks.com/?p=392#comment-3893 “[Passion] is the sense of connection you feel when the work you do expresses who you are." Wow, fantastic description. This sounds like the Book of Tao for entrepreneurs. :) “[Passion] is the sense of connection you feel when the work you do expresses who you are.”

Wow, fantastic description. This sounds like the Book of Tao for entrepreneurs. :)

]]>