Monday, August 6, 2007

Me Too!

So its been about six months since we launched and boy o boy I've learned so much in this short period. For example, people who ping you to say they want to invest and help out have other agenda's...tread carefully!

Example 1: Pete Cashmore from Mashable did us a great favor by putting a blog on us when we launched and then he emailed me to ask about possibly investing and being an advisor. A few months later after I shared some of my vision thinking it would be safe because he approached me as an investor/advisor...he launches MyMashable and uses Converdge to copycat our platform.

Example 2: Dan Cohen from a DenverStartUps and TechStars (w/Brad Feld) catches wind about us a month or two after and he invites me to Boulder to talk to him on the same premise of being an investor/advisor. After we meet and I give him my pitch about where my vision is and how i'd spend my money I never hear back and next thing i know he sponsors a group called SocialThing that uses all of our colors and theme and market approach.

I've had 30 Angel investors tell me "NO", 3 VC's tell me this is too early, 2 "Let's keep Talkin" but examples above are ones that tug at you not because of any potential competition but because they make you feel like you've been suckered by those who you respect in the business.

My advisors are telling me its a good thing that these respected figures in the industry thought highly enough to copy our ideas to the tee but it also shows that we are running short on time. I'm down to my last few pennies and also moving myself with the wife and kids back to California to be near my partners and to be closer to potential investors from So.Cal and N.Cal.

I will be keeping up this blog more regularly with some reviews of recent startups on the web and my thoughts about each...Thanks for the IDEA PETE and DAN!

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