I say ‘that’s absurd’ a lot when I talk about the stock market.
The stock market is an absurd, mystical, living, breathing monster that feeds on our energy.
As absurd as the market can be, so to is the life of an entrepreneur and investor.
The best ‘TELL’ I know for angel investing is to double down when I utter ‘that’s absurd‘!
My biggest mistakes of the last few years are from private investments that I shunned for ‘ABSURD’ valuations. The only thing that has been absurd is the returns I have left on the table.
I have made two MONDO mistakes the last few years and none of them are stock market related. All of them were teed up.
1. Fred Wilson offered me an early stage investment in Twitter and I asked “what price?”. When I heard the price I responded…’Are You Absurd’!? Let’s also just say that at the time, I wrote a post that Twitter was for Twits . Today they closed on $100 million at a $1 billion valuation. At least I have the $TWIT stream…
Oy.
2. When Mark Pinkus was was creating Zynga and pitching me the early iteration, I told him I was in and good for a piece. By the time the official round got going, Fred Wilson called and offered me a piece and I asked “what price?”. When I heard the price I responded…’Are You Absurd!?’ . Today….OY. I heard that Farmville ( a new Zynga game ) had 15 MILLION players the other day. At least I never wrote a post ‘Is Zynga for ZITS’…so that’s a consolation.
The lesson…
I am a putz.
PS – I was lucky/smart enough to invest in Betaworks which started Summize which was purchased by Twitter…so booyah!
PSS – The genius that took my Twitter investment…Jeff Pulver . He’s a gentleman and always lets me in free to his twitter conferences. Really.
i love bessemer as they funded lifelock right after me so there is some justice.
that webpage of theirs is an olddd favorite and inspirational in its truthiness. thanks for reminding me.
I need to add a page like that to our social leverage site.
i love bessemer as they funded lifelock right after me so there is some justice.
that webpage of theirs is an olddd favorite and inspirational in its truthiness. thanks for reminding me.
I need to add a page like that to our social leverage site.
So Twitter & Zynga are really your anti-portfolio. See http://bvp.com/Portfolio/AntiPortfolio.aspx
i love bessemer as they funded lifelock right after me so there is some justice.
that webpage of theirs is an olddd favorite and inspirational in its truthiness. thanks for reminding me.
I need to add a page like that to our social leverage site.
I hear you. We could all list our anti-portfolio. I spend far too much time thinking about the deals I missed. I'd feel pretty good if I were you having Lifelock among other good investments.
I have some classics that I chased and missed and were meltdowns I should write about soon…but nothing that makes up for these two meltups
Probably mortals like me should just try to get into every Fred Wilson deal and not try to cherry pick. That guy is a force of nature.
i am pretty much always happy…its the pills.
the third fred wilson deal i will likely regret is foursquare. i could have done that way early but alas…i am the mayor of putzville.
lets grab a drink next time i go through nyc
yes, but which pills and do you have a phone number you can share??
that would be great. just let me know when you are here. i am cdixon at (gmail).
What if you ask BVP to invest in stocktwits, and you get in their anti-portfolio. :)
i did ask Fred to invest in stocktwits si their could be an anti anti reverse triple lindy portfolio if I am successful with stocktwits
CORRECTION: When you are successful with Stocktwits. :) I cannot image you actually doing a triple lindy, but if you do a triple lindzon. Make sure you post it. Loved to see Fred’s anti-portfolio. Does he even have one. The way folks talk about him here, he seems like a lucky buddha and a blessed rain-maker combined. Never met the guy, but if I do; you think he would mind if I rubbed his belly. :)
CORRECTION: When you are successful with Stocktwits. :) I cannot image you actually doing a triple lindy, but if you do a triple lindzon. Make sure you post it. Loved to see Fred’s anti-portfolio. Does he even have one. The way folks talk about him here, he seems like a lucky buddha and a blessed rain-maker combined. Never met the guy, but if I do; you think he would mind if I rubbed his belly. :)
i did ask Fred to invest in stocktwits si their could be an anti anti reverse triple lindy portfolio if I am successful with stocktwits
i did ask Fred to invest in stocktwits si their could be an anti anti reverse triple lindy portfolio if I am successful with stocktwits
i did ask Fred to invest in stocktwits si their could be an anti anti reverse triple lindy portfolio if I am successful with stocktwits
I did ask….
I did ask….
What if you ask BVP to invest in stocktwits, and you get in their anti-portfolio. :)
What if you ask BVP to invest in stocktwits, and you get in their anti-portfolio. :)
Great! Thank for information, I'm looking for it for a long time,
So Twitter & Zynga are really your anti-portfolio. See http://bvp.com/Portfolio/AntiPortfolio.aspx
it hurts but I can smile
it hurts but I can smile
So Twitter & Zynga are really your anti-portfolio. See http://bvp.com/Portfolio/AntiPortfolio.aspx
So Twitter & Zynga are really your anti-portfolio. See http://bvp.com/Portfolio/AntiPortfolio.aspx
So Twitter & Zynga are really your anti-portfolio. See http://bvp.com/Portfolio/AntiPortfolio.aspx
I hear you. We could all list our anti-portfolio. I spend far too much time thinking about the deals I missed. I’d feel pretty good if I were you having Lifelock among other good investments.
I have some classics that I chased and missed and were meltdowns I should write about soon…but nothing that makes up for these two meltups
Probably mortals like me should just try to get into every Fred Wilson deal and not try to cherry pick. That guy is a force of nature.
the third fred wilson deal i will likely regret is foursquare. i could have done that way early but alas…i am the mayor of putzville.
lets grab a drink next time i go through nyc
that would be great. just let me know when you are here. i am cdixon at (gmail).
that would be great. just let me know when you are here. i am cdixon at (gmail).
that would be great. just let me know when you are here. i am cdixon at (gmail).
the third fred wilson deal i will likely regret is foursquare. i could have done that way early but alas…i am the mayor of putzville.
lets grab a drink next time i go through nyc
the third fred wilson deal i will likely regret is foursquare. i could have done that way early but alas…i am the mayor of putzville.
lets grab a drink next time i go through nyc
Probably mortals like me should just try to get into every Fred Wilson deal and not try to cherry pick. That guy is a force of nature.
I have some classics that I chased and missed and were meltdowns I should write about soon…but nothing that makes up for these two meltups
I have some classics that I chased and missed and were meltdowns I should write about soon…but nothing that makes up for these two meltups
i am pretty much always happy…its the pills.
yes, but which pills and do you have a phone number you can share??
yes, but which pills and do you have a phone number you can share??
i am pretty much always happy…its the pills.
i am pretty much always happy…its the pills.
i am pretty much always happy…its the pills.
i am pretty much always happy…its the pills.
i am pretty much always happy…its the pills.
i am pretty much always happy…its the pills.
I hear you. We could all list our anti-portfolio. I spend far too much time thinking about the deals I missed. I’d feel pretty good if I were you having Lifelock among other good investments.
I hear you. We could all list our anti-portfolio. I spend far too much time thinking about the deals I missed. I’d feel pretty good if I were you having Lifelock among other good investments.
Outstanding post. Thanks for telling it like it is. I sit in meetings with investors and they say “That’s Absurd” too and I just shake my head sometimes…isn’t that the point, make a bet on a deal because it just might make it big and the innovation needs to be in the market?
Outstanding post. Thanks for telling it like it is. I sit in meetings with investors and they say “That’s Absurd” too and I just shake my head sometimes…isn’t that the point, make a bet on a deal because it just might make it big and the innovation needs to be in the market?
I swear, reading Howard and Chris exchange tales is classic material. The above post, a gem. Somebody needs to just go out there and build a “Greatest Misses” site, battle of the antiportfolios.
are u coming to stockcamp dude
are u coming to stockcamp dude
are u coming to stockcamp dude
i just signed up. I’m coming to StockCamp! I can’t ignore a personal invite from the man himself.
i just signed up. I’m coming to StockCamp! I can’t ignore a personal invite from the man himself.
i just signed up. I’m coming to StockCamp! I can’t ignore a personal invite from the man himself.
i just signed up. I’m coming to StockCamp! I can’t ignore a personal invite from the man himself.
are u coming to stockcamp dude
I swear, reading Howard and Chris exchange tales is classic material. The above post, a gem. Somebody needs to just go out there and build a “Greatest Misses” site, battle of the antiportfolios.
I swear, reading Howard and Chris exchange tales is classic material. The above post, a gem. Somebody needs to just go out there and build a “Greatest Misses” site, battle of the antiportfolios.
I swear, reading Howard and Chris exchange tales is classic material. The above post, a gem. Somebody needs to just go out there and build a “Greatest Misses” site, battle of the antiportfolios.
Outstanding post. Thanks for telling it like it is. I sit in meetings with investors and they say “That's Absurd” too and I just shake my head sometimes…isn't that the point, make a bet on a deal because it just might make it big and the innovation needs to be in the market?
I swear, reading Howard and Chris exchange tales is classic material. The above post, a gem. Somebody needs to just go out there and build a “Greatest Misses” site, battle of the antiportfolios.
CORRECTION: When you are successful with Stocktwits. :) I cannot image you actually doing a triple lindy, but if you do a triple lindzon. Make sure you post it. Loved to see Fred's anti-portfolio. Does he even have one. The way folks talk about him here, he seems like a lucky buddha and a blessed rain-maker combined. Never met the guy, but if I do; you think he would mind if I rubbed his belly. :)
i just signed up. I'm coming to StockCamp! I can't ignore a personal invite from the man himself.
Someone kind of alluded to this below. Isn't the moral of this story to basically shut off your brain when Fred comes calling and just tag along on every deal he offers you. Vice verse, whatever you look at, show him. If he invests than you're in the clear to do so yourself. Just sayin'…. :)
i did ask Fred to invest in stocktwits si their could be an anti anti reverse triple lindy portfolio if I am successful with stocktwits
Self deprecation and humility are great things.
We're all Putzes – its just that some people dont have the balls to admit it.
Investors haven't made a dime yet out of either Twitter or Zynga – and however unlikely it might seem now, they may never do so.
Whats the opposite of not counting your chickens before they hatch?
the opposite is 'always kick a cow when they are sleeping'
:)
Howie, just spray and pray. It works for Ron Conway. The only thing about Conway that most people don’t like is his view that an entrepreneur should NEVER see any liquidity during the growth of the business (until M&A).
On the other hand I think Howie thinks there’s no need to raise more than $40k for any start up and the company needs to be generating some revenue. Though he broke his own rule for Stockwitz.
I’m now confused. I need to go grab a cocktail.
now i do to
now i do to
now i do to
now i do to
Me too
Me too
Me too
Me too
Howie, just spray and pray. It works for Ron Conway. The only thing about Conway that most people don’t like is his view that an entrepreneur should NEVER see any liquidity during the growth of the business (until M&A).
On the other hand I think Howie thinks there’s no need to raise more than $40k for any start up and the company needs to be generating some revenue. Though he broke his own rule for Stockwitz.
I’m now confused. I need to go grab a cocktail.
Howie, just spray and pray. It works for Ron Conway. The only thing about Conway that most people don’t like is his view that an entrepreneur should NEVER see any liquidity during the growth of the business (until M&A).
On the other hand I think Howie thinks there’s no need to raise more than $40k for any start up and the company needs to be generating some revenue. Though he broke his own rule for Stockwitz.
I’m now confused. I need to go grab a cocktail.
Howie, just spray and pray. It works for Ron Conway. The only thing about Conway that most people don’t like is his view that an entrepreneur should NEVER see any liquidity during the growth of the business (until M&A).
On the other hand I think Howie thinks there’s no need to raise more than $40k for any start up and the company needs to be generating some revenue. Though he broke his own rule for Stockwitz.
I’m now confused. I need to go grab a cocktail.
are u coming to stockcamp dude
delete
Howie, just spray and pray. It works for Ron Conway. The only thing about Conway that most people don't like is his view that an entrepreneur should NEVER see any liquidity during the growth of the business (until M&A).
On the other hand I think Howie thinks there's no need to raise more than $40k for any start up and the company needs to be generating some revenue. Though he broke his own rule for Stockwitz.
I'm now confused. I need to go grab a cocktail.
it hurts but I can smile
i am pretty much always happy…its the pills.
Someone kind of alluded to this below. Isn’t the moral of this story to basically shut off your brain when Fred comes calling and just tag along on every deal he offers you. Vice verse, whatever you look at, show him. If he invests than you’re in the clear to do so yourself. Just sayin’…. :)
Someone kind of alluded to this below. Isn’t the moral of this story to basically shut off your brain when Fred comes calling and just tag along on every deal he offers you. Vice verse, whatever you look at, show him. If he invests than you’re in the clear to do so yourself. Just sayin’…. :)
I did ask….
Self deprecation and humility are great things.
We’re all Putzes – its just that some people dont have the balls to admit it.
Investors haven’t made a dime yet out of either Twitter or Zynga – and however unlikely it might seem now, they may never do so.
Whats the opposite of not counting your chickens before they hatch?
Self deprecation and humility are great things.
We’re all Putzes – its just that some people dont have the balls to admit it.
Investors haven’t made a dime yet out of either Twitter or Zynga – and however unlikely it might seem now, they may never do so.
Whats the opposite of not counting your chickens before they hatch?
the opposite is ‘always kick a cow when they are sleeping’
:)
the opposite is ‘always kick a cow when they are sleeping’
:)
the opposite is ‘always kick a cow when they are sleeping’
:)
the opposite is ‘always kick a cow when they are sleeping’
:)
Self deprecation and humility are great things.
We’re all Putzes – its just that some people dont have the balls to admit it.
Investors haven’t made a dime yet out of either Twitter or Zynga – and however unlikely it might seem now, they may never do so.
Whats the opposite of not counting your chickens before they hatch?
Self deprecation and humility are great things.
We’re all Putzes – its just that some people dont have the balls to admit it.
Investors haven’t made a dime yet out of either Twitter or Zynga – and however unlikely it might seem now, they may never do so.
Whats the opposite of not counting your chickens before they hatch?
Me too
now i do to
Dude, the portfolio you DID put into looks great, so you are doing well! Anyone doing as many deals as you do is bound to have them.
Dude, the portfolio you DID put into looks great, so you are doing well! Anyone doing as many deals as you do is bound to have them.
Dude, the portfolio you DID put into looks great, so you are doing well! Anyone doing as many deals as you do is bound to have them.
Dude, the portfolio you DID put into looks great, so you are doing well! Anyone doing as many deals as you do is bound to have them.
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