EBAN at Stanford with Garage's Bill Reichert
Couldn't make it to Stanford this week for the EBAN tour?
Join us for this session when the European Business Angel Network's tour of Silicon Valley meets up with Garage Technology Ventures' Bill Reichert. EBAN Managing Director Claire Munck has teamed up with Stanford's Burton Lee to create a whirlwind tour of the university and the local angel and venture capital highlights. This morning it was Bill's turn to present.
Listen for his comments about breaking even, "which almost never happens, versus controlling your own destiny". With a little prompting from the audience he shares his ideas on "patterns of failure" as it relates to investing in early stage startups.
Show #230 (1:12:08) Listen
Comments
I listened to your interview with Garage's Bill Reichert. He has a handle on the heartbeat of getting a profitable corporation off the ground.
Yes, I totally agree with what I have heard so far. In addition - In the equation of the VC's - there is a person called the Funds Manager (FM). You know the guys I mean.
In moving ahead aggressively - when I sniff one of the FM's out - their job is to protect their jobs under all cases, keep the Angel happy, etc. The FM's just don't give a rip or even understand how something works or even better - the FM's don't seem to be able to put their two index fingers together. The FM's I have dealt with are good people to deal with lottery winners.
Garage's Bill Reichert has the correct ideas. I would be shocked if he was a FM.
This is one program I am going to listen to again. THX Frank.
Posted by: Don Nagy | May 21, 2009 4:27 PM
I've listened to this podcast twice and each time I wanted it to keep going. This podcast is full of great information and sound ideas/thinking.
Posted by: Adam W. | May 23, 2009 9:29 PM