2,770 karma · joined July 31, 2010
Building Ballers (AI Basketball Community) http://realballers.com
If you're raising for a startup, can intro you to Boardy Ventures and others: http://bit.ly/startupfundingapp
The Last Lecture book can be read as a series of short stories and often I just pick it up and read one quick section. My favorite is where he argued with his mother about his name. Yes, his name. He didn't like Randolph and protested, especially by being burdened by an extra "olph" <joke about a bout a computer scientist named Rand here>. Their negotiation ended with "R." but when his mother would send letters addressed to him at college as "Randolph' he would mail it back, unopened, marked "no such person at this address". As he got older, he recognized that "I'm so appreciative of my mother on so many fronts that if she wants to burden me with an unnecessary "olph" whenever she's around, I'm more than happy to put up with it. Life's too short. Somehow, with the passage of time, and the deadlines that life imposes, surrendering became the right thing to do."
2) Herd Mentality: There is subtle signaling if a company being presented right beside you already has 50% of their round closed, vs a company that hasnt received this early interest.
These are not my ideals (I'm a fan of self-funding and sustainable growth), just the reality.
I even created a community for these types of companies http://inflectioncommunity.com
Maybe that wasn't clear from the language, but the thought is that we can only really introduce you to sales leads once you've figured out product market fit.
If you don't have product market fit and a sales rep starts introducing you to leads, it's not going to end well for anyone.
It's not really about scammers (I can't remember an internal conversation that centered around people scamming the program), more about making sure it's going to be useful partnership.
Validated equivalent means that you don't necessarily need to be a company on the fundraising path in order to make it into the program.
So if a self-funded company comes to us and shows they have sales traction, then we can take them to our field sales team, make a target list of companies, and get them intro'd to the right accounts to close deals.
No, this is not out of the goodness of our hearts (although I do know my team has good hearts also :).
The point of the program is to get companies on Azure (a strong platform from a technical perspective), and the best way to keep companies on Azure is to provide value via technology and sales.
If you're closing more deals with us, you will have to consume more Azure in order to service those deals.
Win, meet win.
P.S: On the side, I run a community for profit-driven entrepreneurs who have not raised venture: http://inflectioncommunity.com
We are focused on B2B companies (for now) because those are the companies we can best support.
Microsoft has a vast partner network, enterprise field sales team, and marketplace, where mostly B2B customers interact.
We decided to leverage that network for startups in order to push sales their way (hence the $1BN in sales pipeline we are pushing in 2020 to startups), in addition to the other technology benefits (Azure, Dynamics, Office 365, Power Platform, Github, etc).
Eventually we will come up with a focused solution for B2C businesses, but for now, we realize our limitations and are focused on where we can best be helpful!
Info in BIO if you have any questions!!