Posts Tagged ‘venture capital’
Tim Draper wants us all to race so he can pick the winner
I went to see Tim Draper, 3rd generation VC from Silicon Valley speak in Trinity College, Dublin last night. He took a 10 million foot view of the world (from Mars actually) and told us that anything is possible. Everything will probably happen eventually but the question is when. It’s easy enough to predict that all horses which start a race will finish but if you knew the finishing order beforehand that’s where the money is. Those who get the timing right make the money and that’s the VC’s job. They want as many entrepreneurs as possible to participate and they will pick the winners. It’s no mean feat to pick the winner and Tim didn’t really tell us how he can predict the finishing order except to say that he has a very good team to do that for him. Overall it was an inspiring talk and great encouragement on a Friday night – something entrepreneurs need at the end of the week.
