At least, he was before he became a professor at MIT. Our angels asked for one, and looking back, I'm amazed how much worry it caused me. This is actually where most new entrepreneurs miss it; they build a business around themselves. This reminds me of a quote from my mentor: Coca Cola plan to further create positions that will give their products the greatest advantage in their target markets.
But your excellent copy made me a believer. But even a proximate cause of death is worth trying hard to avoid. You are the man and I can't tell you how much I admired your approach and service.
Once you get big in users or employees it gets hard to change your product. I realize this sounds far-fetched, but if you're a Lisp hacker you'll know what I mean. What we couldn't stand were people with a lot of attitude.
They also tend to cause you to grow out of your space, and perhaps even move to the sort of uncool office building that will make your software worse.
Bill Gates was 19 when he and Paul Allen started Microsoft. Good people can fix bad ideas, but good ideas can't save bad people. There are few sources of energy so powerful as a procrastinating grad student. Perhaps even more valuable: Once it is created there often is little effort beyond processing orders and shipping them out.
For the angel to have someone to make the check out to, you're going to have to have some kind of company. Above the line promotions refers to mainstream media: When holding products, then Coca Cola has benefited from purchasing or renting respective machinery.
There is more to setting up a company than incorporating it, of course: You were prompt, informative, and definitely know your stuff. After all, as most VCs say, they're more interested in the people than the ideas. But you don't want so many founders that the company starts to look like a group photo.
It flows very well. I want you to know that one of the things I'm grateful for this year is meeting you and developing a relationship which is beneficial to both of us.
Thanks for such great work, Bob. For business people it's roulette. Whereas when you're starting a company, you can discriminate on any basis you want about who you start it with.
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