Chapter
The Automotive Industry and Raising Money
06:57 - 11:11 (04:14)
The automotive industry is a huge market and successful entrepreneurs are more valuable than great products. Raising money is also an important aspect for many of these businesses.
Clips
A tweet stating that it is better to invest in great entrepreneurs than in great products received a backlash from a founder who believed that a VC's job is to get chosen and not to choose.
06:57 - 07:34 (00:36)
Summary
A tweet stating that it is better to invest in great entrepreneurs than in great products received a backlash from a founder who believed that a VC's job is to get chosen and not to choose. The tweet creator had to apologize for the misunderstanding, as it was not intended to be a personal attack.
ChapterThe Automotive Industry and Raising Money
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
Venture capitalist Bill Gurley emphasizes the importance of a great market over a great team and product, citing the example of the automotive industry's enduring success.
07:34 - 09:34 (02:00)
Summary
Venture capitalist Bill Gurley emphasizes the importance of a great market over a great team and product, citing the example of the automotive industry's enduring success.
ChapterThe Automotive Industry and Raising Money
Episode#92 - A Three Month Old Company Profiting $90,000 A Day
PodcastMy First Million
The speaker questions the history of famous businessmen and their successful strategies, specifically questioning the use of funds and investments made.
09:34 - 11:11 (01:37)
Summary
The speaker questions the history of famous businessmen and their successful strategies, specifically questioning the use of funds and investments made.