Category Archives: vc 2.0

Jedi Entrepreneur Mind Trick: TheFunded and VC Persuasion

According to Wikipedia:

“the Jedi mind trick is a Force power. Jedi who know the power can, by using the Force, influence the actions of other ‘weak-minded’ sentient beings.”

Now, replace “the Force” with “TheFunded”, “Jedi” with “Jedi Entrepreneur” and “other ‘weak-minded’ sentient beings” with “VCs” and you have:

“the Jedi Entrepreneur mind trick is a TheFunded power. Jedi Entrepreneurs who know the power can, by using TheFunded, influence the actions of VCs.”

I’ve noticed a growing trend of entrepreneurs contacting me with an intro referencing Inflexion’s good reputation at TheFunded. It’s usually a tone of congratulations. I think this is brilliant yet subtle and leverages yet another Jedi Entrepreneur power gained from social media (one of the earliest being the LinkedIn-enhanced, you-and-I-know-the-same-person cold call heater).

Maybe the entrepreneur really is impressed by Inflexion’s ratings, but, just maybe, he/she is using the Jedi Entrepreneur Mind Trick to influence the ‘weak-minded’ sentient beings, VCs. Such an email immediately puts the VC on notice that you are aware of TheFunded and you buy into the VC reputation-system it embodies. VCs who actually care about entrepreneur opinions are then susceptible to the Force persuasion.

Just as Obi-Wan Kenobi was able to say “These aren’t the droids you’re looking for” and make it so, the Entrepreneur is then able to say “Your fund has a great reputation for thorough review, thoughtful feedback and value-added intros”. And guess what, chances of getting that thorough review, thoughtful feedback and value-added intros jump considerably. Just as the Force couldn’t create matter from non-matter, I’m not sure this force can make checks appear — but it could increase/speed your chances of changing the world.

Now, I’m not admitting to being in the “other ‘weak-minded’ sentient beings” category. But, I’d love to hear whether some real-world tests with various VCs can prove the power of TheFunded and the Jedi Entrepreneur Mind Trick. If it has no effect, only you can decide whether to cross over and use TheFunded for the dark side.

And, while I’m at it, I guess I’ll try too: “Inflexion is the venture fund you’re looking for.” 😉

Top Ten Limited Partner (LP) Lies

Paul Kedrosky has published another great Top Ten list, following on his previous Top Ten VC Lies. This time it’s the Top Ten LP Lies. I’ll give you the first five, but you’ll have to visit Paul to see the rest…

10: We don’t invest in first or second funds, see #1
9: We have committed this years allocation
8: We don’t believe in this asset category unless we can get into Sequoia
7: My committee would never let me do a deal outside of the valley
6: Our diligence is very deep (bottomless unless you are about to close and any of my close LP friends are in)

Check out Paul’s blog for the top 5…

BTW: If you have questions about any of these, or the VC lies, ask away in my comments. I don’t agree with all of them, but they are good conversation starters…

StripGenerator: Naked Comicversations

Hat tip to OrangePly‘s dev blog for exposing me to StripGenerator, a handy blog comic strip generation tool. I have no idea whether there’s a business here, but the design and implementation were terrific. Pick from dozens of characters and objects, and let speech/thought bubbles do the talking. I’d love if there were easier embed options and sound elements to set the tone. This is great for those days when you don’t have much to blog about, but you still want to put a smile on your reader’s face…

(For those of you who don’t know about WebKinz Movie Studio — ask your kids to show you)