Dangerous Tech

So i’m washing my face at the Protrero Hill 24 Hour Fitness when a butt naked short old asian dude with dragon tatoo’s walks up to the hand drier from the shower thrusts his junk into it and starts air drying…now I just thought “oh it’s probably some ancient asian ritual” then soon after he leaves a short latino fellow with a picture of the Virgin de Guadalupe tatoo’d on his chest walked up and thrusts his junk into the hand air drier and starts air drying his unmentionables with a most satisfied look on his face…I thought “maybe this is a short tatoo thing?” then soon after he leaves a bleach blonde tall white guy walks in from the shower and does it….needless to say I 1) feel i’m missing out on a new trend and 2) didn’t use the hand dryer to dry my hands.

We’re about to launch Gameplan. An easy and fun way to make plans with friends. It should be awesome…getting a lot of positive feedback from people just refining the experience.

If you have an iphone and are the Van Wilder type hit me up for the beta release.

So first off i’d have to say listening to a VC talk about valutations is like listening to a used car salesman talk about the prices of the cars on his lot… you probably shouldn’t.

Inside the heads of these VC creatures they have a need to want to brag to their buddies about what a great deal they got (wow so do you right?) they also have a fairly standard framework.

Seed($50k-$1M): For seeds commonly in the past people gave up 10% sometimes more. They’ll usually want a follow on so they can get a bigger chunk usually termed first right of refusal.

Series A($3M-$10M): Pick a number they are thinking 30% no matter what number you pick. What’s that you think it’s not really that way? Well OK think that if you want.

So how do you get more money? Well it depends on how well you can sell the opportunity and if you can justify the raise in your financials. You simply say “To get from point A to point B it takes this much to accelerate the company” they’ll say “I think you can do it with less.” that’s when you say “The financials are thorough to get from point A to point B it takes this much any less doesn’t do that”. If they like the deal they’ll do it. It’s that simple. So have your financials ready cause guess what a guy who figured out how to convince people to give him $500M to manage is probably pretty keen on financials.

The valuation depends on YOU. Depends on how well you can sell the opportunity. You can get better than the norm or worse than the norm. So look pretty and remember to smile.

Koreans kan party

At Techcrunch Disrupt New York we quietly launched our social CRM(customer relationship management) system called HappyPatrons (http://HappyPatrons.com) We will soon start to ramp sales and actually create a real landing page :-)