I always advise startups that plan to get really big that they should have Ronco in the cap table. No one can help like he can with the sort of problems you hit when you're big. Just ask Google or Facebook or Airbnb.https://twitter.com/RonConway/status/1133392599027335168 …
-
-
Replying to @paulg
Many years ago I saw you interview Ronco on youtube. It was pretty clear that you were a very big fan. This may be sensitive info, but can you explain how Ronco helps? Are we talking "startup on the rocks...might go bust, but Ronco can make the acquihire happen" type stuff?
1 reply 0 retweets 11 likes -
Replying to @Molson_Hart
He has arranged a lot of soft landings for companies in trouble, but I'd say he's most useful to companies that are growing super fast. E.g. one startup got its credit card processing shut off by its bank. Ron got the bank's CEO on the phone within hours. A big, national bank.
3 replies 3 retweets 87 likes -
Replying to @paulg
With Ronco, in exchange for a little bit of equity I get: 1. His imprimatur for subsequent funding 2. Big downside protection 3. Huge upside with sales dealflow Fail and act with integrity and you get a relationship (see odeo=>twitter). Succeed and make $90 MM instead of 100.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @paulg
Sounds like a pretty good deal! Of course getting that investment isn't easy and there aren't a million hours in a day. In other words, you get more attention from him the more your company means financially to his portfolio.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart
You don't get more attention based on how much stock he owns in your company. That's one of the most remarkable things about Ron. He could own a small sliver, and he'll still work his ass off for you.
1 reply 0 retweets 6 likes
The correlation between his time invested and his financial investment is not 1. We have reputation incentives to invest time. Also, dollars invested is often wrong variable. Financial upside is a better one. $100 in Google is worth more than 10x that in another company.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.