Learnings from recent trip to the valley:
- If you want to invest, there are (decent) startups willing to talk.
- It’s a web of connections in the valley. Tap on that web by asking somone you already know to introduce you to somebody else.
- Related to the point above. Before making an investment, always ask to be introduced to at least one current investor. (Thanks Aadil for the tip!)
- Get on Angel List.
- If you want to be part of a VC setup, join at the partner level. If not you’ll just be doing somebody else’s grunt work.
- Be helpful to people you meet (even startups you are not going to invest in). They will reciprocate.
So while I was in SF, a good friend of mine sent me a lead in a space I had already invested in, and lo and behold, I’ve made my first investment in a valley startup. FlightCar will be graduating from Y Combinator at the end of March. Looking forward to great stuff from three 18 year olds who dropped out of Harvard, Princeton and MIT to do this.