Subscribe to My Blog

Enter your email address:

Delivered by FeedBurner


This is my personal & professional blog.  It's a place for me to think out loud and learn. I'll sometimes talk about things I don't understand as a way to begin to understand them. I'll often be wrong, short sighted, and unclear. When you see this happening, please point it out!

Read More About Me>>

Powered by Squarespace
« Making History Fun! | Main | 100 Things I love about New York City »

Not doing a Seed Fund

I was going to do a Seed Fund.  Raise some money and turn it into more money.

Primarily because I think it would be a helluva a lot of fun.  I love meeting people with more conviction, charisma, brains, and luck than I can manage to muster.  Identifying and working with such people seems like a dream.

However, I’m not doing this.  The economics, according to my math, aren’t that good:

1.  Start with $5M of other people’s money.

2.  Invest it in early stage startups.  Do surprisingly well.  Turn that $5M into $25M in 5 years.  Take that Kleiner!

3.  Distribute 80% back to investors.  You’re personally left with $4M.

If that’s bad math, do let me know!

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>