29 karma · joined March 3, 2011
- twitter.com/brendanbaker - http://angel.co/brendan
...etc.
Navigating the physical world around you? Huge set of opportunities.
Their funding didn't dry up. They raised a substantial round, and then were purchased by another company that had itself just raised billions of dollars. They didn't need money.
But they did want to make it. Because they're a business.
There are also advantages to living in the US of course, where this Canadian is currently working.
A secondary question is whether those interactions bring value. It's okay to be busy with engagements if those engagements are truly helping.
- The connections are able to and do make a large number of intros. The distribution was starkly bimodal - connectors with less than 3 intros yielded nothing, and those with over 10 intros yielded 940K. Will this hold across other startups? Not sure, but it's an interesting thing to think about.
- Several relationship characteristics influenced the downstream result: previous relationship, mode of contact, etc.
- There are many intangibles that founders can sense when they're meeting with people. Sensing their capacity and interest in a skill.
I don't think it's possible to know it exactly in the midst of the process, but focusing time and energy on the high potential connections is a good strategy.
As an aside, there's nothing wrong with post-hoc understanding that can help the next round/others in the same situation.
Good question, B