This morning Jason Calacanis made a quip that Ron Conway is such a prolific angel investor that all presenting companies at TC50 were getting $50,000 just for walking on the same stage with him. Conway made a face, so Paul Carr and I grabbed him back stage and asked his thoughts on frequently being called a “Spray and Pray” investor. As evidence that he doesn’t invest in everything, Conway also names the one that got away.
Conway says that things are getting easier for start-ups in the Valley and that most start-ups he knows aren’t having problems getting money. In fact, he says he’s facing some stiff competition to get in deals. That’s good news for entrepreneurs.
(Note Jason Hirschhorn pacing behind us. Apparently Conway was about to slip him a list of his companies MySpace should buy…)
Video is on the jump.
Can someone explain how story something would ever make money? It looks like an idea that just shouldn’t have become a company, maybe a product for a larger retailer that has exposure already but an entire company? Yeah, good luck with that
hey, i know you like to keep it hip… but note to interviewer… cursing makes you look arrogant
if that’s what you wanted to achieve, than mission accomplished.
+1 ya dude i agree. cursing is not cool here.
Oh no… she said shit…. the world is ending!!! Rofl!
He didn’t say the world is ending, he said it’s arrogant, which it is.
Pardon? It’s okay to curse, but I won’t shake your hand. LOL.
“Ignorant” is what you meant to say….. Not sure how cursing would make one seem arrogant.
I think you’re better off staying out of the comments. I also think you’re being a little ridiculous. Are your ten year old kids reading TC?
-2 for you being “arrogant”…..
Sarah Lacy is famous for interview disasters:
http://www.allf...rview-disaster/
Sorry to remind you, Sarah! But I thought the TechCrunch readers might need a refresher.
with my rough math – Conway made approx $8mill on Mint in 3 years. sheez.
How many losers did it take to score that $8M win?
I asked Conway for Money twice even though I did not get it. Conway’s team was pleasant to work with and they got back fast. What’s super cool about Conway is that he will take time out to talk too you.
Sadly the spray and pray method is what is working best. No matter how much due diligence you do and no matter how many questions you ask, you will never be able to pick the winners every time.
There are so many factors that go into it that what it ultimately comes down to us pure execution.