I just got out of a board meeting with one of our portfolio companies and I am so hot under the collar that I could barely work the door to my McLaren. The nerve of these wantrepreneurs to trust their domain expertise and market vision over the fat stacks of cash money I wired into their bank accounts? I've had it with these founders and their passion for serving their customers - don't think know what will happen if they don't read every single link from the Harvard Business Review I tweet at them?
Let me tell you a story.
Few years back I was working with an entrepreneur. He was feeding me some line about "solving a real business problem" instead of "building a social network." I asked him, "Look hombre - do you want to be the next Mark Zuckerberg or do you want to be the old Harvard classmate investing in Internet money or some happy horseshit?"
He had the gall to fire back, "Rob, I respect your opinion, but we make durable medical equipment. There's no social play here." Kept going on and on about "clinical trials" and "playing the long game."
I had to break it to him right then and there I didn't get into this business to play handball. I came here to win.
So you know what I did? Acquimurdered him. Sold him and his 120 person company to Panasonic for $20 million and a case of Now and Laters.
Know what that CEO is doing right now? Testing browser compatibility at Lycos. That's what happens, man.
Listen to your investors. Always. We may not know your product, your customers or your market, but we do know one thing.
We didn't get rich by being wrong.