The idea is the seed. It is the kernel that is the start of something new.
Ideas are powerful because they invade the mind. Once you are introduced to an idea, you cannot get it out of your head.
Ideas are what provide that little twist of ingenuity that can make or break a company.
Sometimes ideas are not revolutionary, but they get the ball rolling and without them, that wouldn’t happened. The best ideas are often simple ones. Maybe that is what a revolutionary idea is — an idea so simple that it sparks a revolution.
If you are a tech startup, where the technology is your business and not just supporting your business, then you shouldn’t be relying on any outsourcing, contracting, or distributed teams for developing your core product. I believe that the chance of success of a team is an order of magnitude higher when the entire team is local, in one room and working closely with each other. Bottom line: “When you stick a couple of smart people in a room together good things happen”
In the venture industry, the only way for a venture fund to grow, is to move upstream and start managing a bigger pot of money. It is the natural evolution of the venture business and funds. This is what has happened with a lot of the institutional funds over the past decade. This gradual upstream movement in the venture industry, is what I refer to as the Venture Spiral.
The angels of today, will become the super angels of tomorrow. The super angels of today will be the uVCs of tomorrow, and the uVCs of today, will become the early stage venture capitalists. The institutional venture funds will morph into what we used to call growth funds.