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I know this will fall like a lead balloon to the many people who believe it is possible to have a [insert: startup incubator or technology accelerator or technology consultant or outsource firm] build your technology. I don’t believe it. Either your core is innately technical or it’s not. .
It eventually closed at 11,204 in April ’10 before sliding back around 10,000 as I sit here and type. Sounds obvious now, but as I wrote the original piece the DJIA had already come roaring back from 6,600 to 9,865 so it was certainly against conventional wisdom.
Coworking and incubator spaces are great sources as are lawyers and bankers. Use before and after slides to hit home with investors. Y-Combinator’s SAFE (Simple Agreement For Equity) is a quick way to generate deal documentation, with very little downside for founders from Shayne’s perspective. Venture debt. Funding Strategy.
We’ve had an explosion of alternate sources of financing from crowd-sourcing, angels, accelerators, incubators, corporates, corporate incubators. For what ever reason we’re wired to have amnesia during the run up and prescient memories of how we ‘knew it all along’ as soon as the slide begins.
One was a blip way back in mid February which I thought would be the start to a big slide but it wasn't. However there were a few days where the public markets took big negative hits and I was wise enough to buy in on both of those days. Lesson learned; if you are Long the market mini crashes are great buying opportunities.
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