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Avatar for Eoin McMillan Eoin McMillan
October 17, 2012
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THIS IS NOT MY CONTENT

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Eoin McMillan

October 17, 2012
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  1. 500.co/challenge #acceleratorsFTW! API TO VENTURE CAPITAL & FUNCTIONAL EXPERTISE THE

    BIG OPPORTUNITY IN EARLY STAGE TECH INVESTING: (FOR FOUNDERS. FOR INVESTORS. FOR GOVERNMENT.)
  2. 500.co/challenge #acceleratorsFTW! VENTURE CAPITAL IS OPEN TO ATTACK BY DISRUPTIVE

    NEW BUSINESS MODELS AND TECHNOLOGY. “ -- NAVAL RAVIKANT (@naval)
  3. 500.co/challenge #acceleratorsFTW! STARTUP COSTS LOWER THAN EVER BUT SCALING STILL

    COSTS MONEY CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING
  4. 500.co/challenge #acceleratorsFTW! TRACTION IS THE NEW INTELLECTUAL PROPERTY PLATFORMS (SEARCH,

    SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE. NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.
  5. 500.co/challenge #acceleratorsFTW! STATE OF THE ART IN EARLY STAGE INVESTING

    IS NOT VERY SOPHISTICATED TRUST REFERRALS. MOVE FAST. KEEP LEGAL/FINANCE SIMPLE. BUILD RELATIONSHIPS WITH OTHER INVESTORS, SYNDICATE EVERYTHING.
  6. 500.co/challenge #acceleratorsFTW! DIFFERENTIATE VIA ACCESS TO FUNCTIONAL EXPERTISE 500 METHOD:

    FOCUS ON DESIGN, DATA, DISTRIBUTION. INVEST IN DEVELOPMENT OF TOOLS TO CONNECT FOUNDERS AND MENTORS.
  7. 500.co/challenge #acceleratorsFTW! PRO TIP FOUNDERS NEVER CALL A VC “JUST”

    TO ASK HOW THEY’RE DOING FIGURE OUT WHAT THEY WANT, THEN DO SOMETHING ABOUT IT.
  8. 500.co/challenge #acceleratorsFTW! THE MANAGEMENT TEAM ISN’T THE DECISION MAKING TEAM.

    IT’S A SUPPORT FUNCTION. “ -- JOEL SPOLSKY (@spolsky)
  9. 500.co/challenge #acceleratorsFTW! API TO VENTURE CAPITAL & FUNCTIONAL EXPERTISE THE

    BIG OPPORTUNITY IN EARLY STAGE TECH INVESTING: (FOR FOUNDERS. FOR INVESTORS. FOR GOVERNMENT.)