IPO the fucker
I’m back after a few weeks off — kids were on summer holidays for bloomin’ ages (VCs in the making eh?), we went to Croatia for a couple of weeks and I needed to figure out the run to the end of the year and beyond.
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Motivation comes from ambition
In the last few years founders have been under pressure to exit, or at least to have it in mind — they had to think about how they would sell out to a bigger company for a decent multiple. That’s fair enough and, given my two recent exits, I’ve benefited.
But now, we’re in the shit — most opinions are that this will turn into a long recession.
And there’s the opportunity to be unreasonably successful.
Play long-term games with long-term people
I’ve been thinking a lot about this too — I want to invest in at the seed stage in founders I think can take their company to IPO. That’s my opportunity.
For founders, you don’t have to promise investors you’ll 3x, 5x or 10x their money by selling to a BigCo in the next few years.
Now you can focus on getting the strategy right and think deeper and longer term. Think of and plan for the next decade. A lot can happen in 10 years — what if it all goes right?
Make your company and yourself unreasonably successful.
IPO the fucker.
In other news
Contrary to the usual European VC world, August has been rather productive. During August I offered investment to three startups, completed two of them (the third will likely happen in Oct/Nov) and am going through a reinvestment via the DMG Syndicate.
Hit reply if you want to hear more, ask anything or meet up for coffee.
Important: None of these posts are investment advice. If you are thinking about investing you should seek the advice of a suitably qualified independent advisor.
#CapitalAtRisk