I read Ben Horowitz' post about their investment in Instagram that made them a 312x return, turning a $250k investment into $78m. Most people would regard that as a shrewd business decision on Andreessen Horowitz' part, but I think it actually comes down to money making money. Andreessen Horowitz has
First time here? Start with the hits:
If you're validating your (startup) idea, this is the ultimate method.
Because it's a rollercoaster-like life as an entrepreneur.
Every sale and every relationship with a customer starts with you helping them.
Pressing pause on a startup is the hardest thing I've ever done.
Reading through Ben's post, from which I've extracted the above quote, I found myself nodding in agreement to most of what he said. The quote above made me stop reading though and I found myself unsure of whether I actually believed that. Why did I consider myself an entrepreneur? Did
AirBnB just announced a whopping new funding deal worth $112 million. Sheesh. What do you do with $112 million? I come from a bootstrapped background and I've never been close to seeing anything like that kind of money in my own business (not even on wishful projections or targets), so
Can’t believe I only had the time to watch this now. So superbly inspirational!