Rohit Bhargava recently wrote a great piece called The 4 Principles of Delusional Economics. Start-up entrepreneurs should give it a read. The core point he makes is that a growing number of businesses expect some unreasonable behavior change or act of altruism from their customers as the foundation for their business’ success. [Read more…]
Archives for January 2012
Why Angels Chase Electrons
January 20, 2012 by 3 Comments
A handful of angels recently turned their nose up at a company making a useful, well-targeted and well-validated computer peripheral product. An extremely smart entrepreneur who’s new to the organized angel game asked me a pretty fundamental question in response: “why do angel investors (and to some extent, VCs) turn up their noses at real, down-to-earth physical product companies and instead chase etherial web and process flow services businesses?” Good question, and one that comes up frequently, so here goes…