Executive Summary

After a couple of minutes of driving south on 101 from SFO, me and my  co-founder buddy realized there was no valley. Instead, we found an old long Mexican road taking us through the suburbian fast-food life. And it all seemed pretty flat to us. Buildings were houses or 3-story offices for real-estate brokers. Where was the corporate HQs? Next to that pizza-place?

Was this really it?

Is this where they throw money at you if you're an advanced user of basic features in Microsoft Power Point?

It sure didn't look like we had imagined. And they all spoke Spanish anyway, so what was the point of having left Chile in the first place?

Eh, what the heck... lets just find a great bar and party all night long...

 

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July 2007

Posted by oskar on 11/07/2008 at 01:17 AM

First time ever in the invisible valley and getting prepared for some mentoring meetings with the so called VCs. The VCs are people and shall not be confused with toilets even though they do cause that same feeling of hesitation and being nervous when you are about to go, the nice relieving feeling when you’re doing it and that pointless wish of never having to go again when you’re done.

 

Having googled a little bit about “this and that” we had realized that the best entrepreneurs would show up to these meetings in shorts and t-shirts. So we dressed up in costumes and hit the road in our GPS-equipped rental-car... and after re-calculating our way down the winding slopes of La Honda Rd where our “angel” hosted us and after having hesitatively crossed the bridge between Palo Alto and East Palo Alto like 8 times we finally entered the offices of the “friendly VC” RB. On this side of the bridge. The tech-side.

 

Though just a sand-wedge from East Palo Alto. Shady fund maybe?

 

He taught us a little bit about pre-money valuation and he said in not so many subtle words that our pre-money valuation contained very few zeroes if any at all and that we should take a hike for a while. As did JG and pretty much everyone else we accidentally bumped into re-calculation our way through the area until we finally went to Vegas a couple of days later. Vegas felt safe. It was sick. But it felt safe.

 

We decided to come back another business model. It’s not that easy to hide from us. Somewhere, out there, we knew there was a valley to be discovered…

 

… but we had given up on the great bars.

 







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