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Start Up Chile Entrepreneur Responds to Investor's Departure (thenextweb.com)
59 points by jamesjyu on Dec 26, 2011 | hide | past | favorite | 5 comments



One of the many things entrepreneurs must do is to show your supporters that you will do whatever it takes to succeed.

I really hate the "entrepreneurs/founders will do whatever it takes to succeed" trite phrase. It's common on developer and founder blogs and should be retired due to overuse. Does anyone think that founders and startup people will actually, for example, sacrifice their firstborn child or amputate their arm to make it in the business world?

Now, obviously the author is engaging in hyperbole, and doesn't really think people should sacrifice "whatever it takes." But that just goes toward my point. We know it's unnecessary to say it to prove we're serious, so why don't we stop using it and replace it with real-life language based on commitment, intelligence, trust, and hard work?


As being the same round with Rich, I couldn't be agreed more with him.


The VC should have really figured out his commitment to Chile before announcing to the world that he's starting a $40 million fund.

But then again how do you raise a $40 million fund without screaming it at the top of your lungs. He probably knew going in that he was risking his reputation by doing this.


Agree that he should have figured out his commitment to Chile. Since funds usually run on 10 years, doesn't that imply a 10+ year commitment from him?

As I commented on the other thread discussing his interview, I don't get how a foreigner with NO solid local business connections expected to raise $40 million within 6 months in a conservative environment. The govt inviting you does not mean keys to the banks/the wealthy's pockets.


interesting point of view.




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