Palomar's Randy Lunn
He's been starting and growing companies for 30 years. Insights into the markets, advice for entrepreneurs and investors, advice for the incoming President, too, Randy Lunn offers something for everyone. But what's he been doing lately? He says he's focusing on more personal projects, but just what kinds of projects does he mean?
What to listen for: Agonizing over pre-money valuations, but still want your 10X? Do your valuations backwards from where you think your exits will be. Why does he think venture capitalists should be involved in fewer companies? There are so many pearls in Randy's comments, I've listened 3 times.
Show #204 (37:07)
Comments
I just listened to your podcast interview with Randy Lunn. Great interview. I've always thought very highly of Randy. He and I are investors in AutoGenomics. (He talked about that deal on your program.) We can't get the IPO done. Ahhhh.
I was hoping to hear a summary of your talk with him. I think he said some very good things. Here are my notes:
When you know to ask all the right questions, it's to late to invest! Caution is needed because many industries are now mature like chips and autos.
Companyies are going to need to leverage what they have in the future.
Don't be in a rush to do the next deal.
Companies need to "find their defendable cores".
Companies can measure themselves by asking:
1. How compelling is our story?
2. Is our story compelling enough?
3. What is the customer "rate of adoption"?
Market moving to biotech and alternative energy.
Sequoia Capital's 56 Slide Presentation Of Doom:
http://www.techcrunch.com/2008/10/10/sequoia-capitals-56-slide-powerpoint-presentation-of-doom/
Posted by: Bill Baker | December 18, 2008 03:40 PM
Randy Lunn vs. The Fast Pitch
As Bill pointed out, Randy says by the time you know the right questions to ask it is too late to invest.
Therefore, at the most a good fast pitch just tells the investor he doesn't know something.
If an investor can understand the opportunity from a Fast Pitch, then it is too late to invest.
Posted by: Matthew Artero | January 6, 2009 11:48 AM