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Originally Posted by akula
peewee, investment brokers are a necessary asshole of entrepreneurship.
i don't know one sane financier who'd agree to a deal which takes investment capital off the table to give it to some broker. that's stupid.
all these people do is fulfil their natural function in screening out amateurs.
if you think that you should rely on some other people out there to raise money for your start up; you've got another thing coming.
what this site needs is more entrepreneurs who know what they're doing.
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Seems to me the only asshole on this thread so far is you, buddy.
In the first place, investment brokering is not something I do full time. I've raised substantial amounts of capital for my own startup companies in the past, and I've developed substantial networks of contacts both amongst investors (private and institutional) as well as amongst enterpreneurs and engineers. If I can mix-and-match here and there, to make the economy tick along a little more smoothly, I see no harm in that.
Secondly, the fact of the matter is what you've already stated: the fact is, most enterpreneurs *are* amatuers, AS ARE (FOR THAT MATTER) MOST VCs. If I can do what I can to weed out the amatuers, or to make their presentations look less amatuer-ish, then so much the better. THIS APPLIES TO PARTIES ON BOTH SIDES OF THE TABLE, INVESTOR AND ENTERPRENEUR. And for the record, most of the enterpreneurs I've worked w/ have found my advice to be quite useful and constructive.
Finally, if you had just slightly more business experience than you do, you would know that the only assholes in the enterprenuerial economy are the VCS THEMSELVES. The only thing that keeps the (institutional) VC alive, and the only thing the provides for his life sustenance and his existence, is the existence of usury.. usury being probably the most destructive economic force ever invented by man. Without usury, there would be no surplus of capital just sitting around for the VC to dole out at his leisure, SINCE THE CAPITAL WOULD ALREADY HAVE BEEN PUT TO PRODUCTIVE USE THROUGH NORMAL CHANNELS OF SUPPLY AND DEMAND LONG BEFORE THE "VC" GOT HIS GRUBBY LITTLE HANDS ON IT. Nowhere in the great stories of American technology and business innovation do you find a so-called "venture capitalist".. Ford Motor Company, Woolworth, Rockfeller, Microsoft, etc, none of these great and enduring institutions were built using "venture capital." True, there are a lot of floofy "here today, gone tomorrow" fluff-ball "startups" out in Silly Con Valley there are funded by VCs, but this is not enduring wealth creation. It's a house of cards DESIGNED TO TRANSFER WEALTH FROM THE POOR TO THE WEALTHY, and sooner or later the house of cards is doomed to collapse upon itself.. the tech downturn of the early 2000s provided some hint of that, but if the U.S. Fed keeps raising inflation the way it has been under Bush, it's going to get much, much worse still.
The venture capitalist can only exist if and where there is an UNHEALTHY SURPLUS of capital in the first place, a surplus which has been exorted out of taxpayers through the instruments of inflation and usury. ALL VCS KNOW THIS (or at least, all those who actually KNOW what they're doing.. which may or may not include you).. it's just that most VCs are too vain to admit as much in public, and why should they? It would give away the whole "secret" to their so-called "success" (which, in real terms, often amounts of little more than highway robbery)..
