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Will's books

Factory Man: How One Furniture Maker Battled Offshoring, Stayed Local - and Helped Save an American Town
3 of 5 stars
The story of Bassett furniture and John Bassett III in particular is a great one that should be told. Beth Macy does a reasonable job telling it, but spends much too much time discussing her challenges and experiences writing the book as...
The Silent Man
5 of 5 stars
Another great John Wells book. I previously compared Alex Berenson and his hero, John Wells, with Vince Flynn and his troubled CIA agent/assassin, Mitch Rapp. Towards the end of Flynn's short life and in his final Rapp books, Flynn got a...
Getting Started with Hobby Quadcopters and Drones
2 of 5 stars
When I was looking up reviews of drones on the web, I found several mentions of this "book" (a pamphlet,really). It's OK,but all the information can be easily found elsewhere online. The repeated warning about crashing your drone and sta...
The Martian
5 of 5 stars
Wow. Just . . . wow. This was one of the most entertaining books I have read in a long time. The story is fabulous and the execution wonderful. Basically a diary of an astronaut left behind in an escape from a failed Mars mission (though...
The Ghost War
5 of 5 stars
I've read a few other of Berenson's John Wells books before and found them entertaining,although not up to the standard set by Vince Flynn and his hero, Mitch Rapp. Sadly, Flynn passed away and having finished all the Mitch Rapp books, I...

Gun-Shy Venture Capital

Shawn Broderick over at Myriad Missives has a great post titled The Loser’s Curse that’s definitely worth a read for anyone pitching their deal to VCs.  Shawn refers to Fred Wilson’s post of the same name.

In his post, Shawn reflects on his failure to get venture capital for his last startup, Voxx.  Voxx was similar to Wildfire, but utilized the modern communications infrastructure (read: the Internet) for its backbone.  The use of the Internet not only changed the financial model in a positive way, but also opened up the opportunity to add loads of features previously unavailable when using POTS.  In any event. Wildfire was apparently a moderate success from an investors point of view, but not a home run.

In attempting to fund Voxx, Shawn targeted Wildfire’s investors, among other applicable firms, knowing they were already familiar with the market and had been previously convinced that there was opportunity there.  They seemed like the likely suspects.  As it turns out, all of them turned him down.  He now ponders whether Fred Wilson’s view that

“. . . when you fail at something so badly that you never want to try it again even if there are other and better ways to do it that may result in a better outcome.”

may have had something to do with it.  This, of course, is referring to the idea that the VCs may have been gun-shy about getting back on the horse.

Shawn doesn’t know if Voxx had some fundamental flaws that kept it from obtaining funding, but is now considering the fact that The Loser’s Curse may have had something to do with it. 

Interesting lesson.