electric's comments

electric | 17 years ago | on: Ask PG: YC Founders over 30 yrs old

This is very relevant research. I actually agree with the findings based on the people I know who have started technology companies.

I don't think it applies to the kind of people that YC is targeting - young, mobile, no dependents, able to live on very little $'s a year or the technology segment which is consumer web startups.

electric | 17 years ago | on: Startup lessons from serial entrepreneur Norm Brodsky

I'm currently reading The Knack. It is a great book on how to actually build a business instead of a get-rich-quick, build-to-flip scheme.

Talks about important things like cash flow. Ironically I don't know of many startup/business books that talk about such important practical stuff.

Highly recommended!

electric | 17 years ago | on: Could VC be a Casualty of the Recession?

"Imagine what it would do to the VC business if the next hot company didn't take VC at all."

No need to imagine. Just look North -- this is reality.

Neither RIM (makers of the blackberry) nor Cognos (now IBM) took VC funding.

VC has imploded in Canada and startups are surviving as they have always.

electric | 17 years ago | on: A Fundraising Survival Guide

Question for anyone who has dealt with angels:

Is it normal for angels to take 600 hours to complete a deal -- from first meeting to signing on?

electric | 17 years ago | on: OPEC 2.0: Bandwidth is the New Oil

This is not a very good comparison.

Oil is a finite resource. You can increase infrastructure to get more but in the end there is no more than a finite amount of oil on the planet.

'Bandwidth' on the other hand is infrastructure dependent. Increase the number and width of pipes (or tubes! :) and you increase data throughput.

electric | 18 years ago | on: Open-source hardware

Awesome article. But I really don't see how Chumby and Buglabs products are open-source hardware. these products are primarily comprised of chips and components that are closed-source.

electric | 18 years ago | on: Take the Next Step, Paul

Ok and I guess this is a lot different too... (the mgmt team bit)

Q: What does the Band look for in their initial review?

As with most venture funds, the Band seeks to invest in companies with a strong management team, unique technology and a large potential market.

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