Re: Ask El Diablo
KKF.
"Are you self employed?" Yes.
"If so, how are you able to get business? Word of mouth?" I now have a pretty big network of contacts via my last couple of businesses. But, all of my business have featured a lot of good old figure out who your customer is and start knocking on their door. Now it's a combination of that, some advertising, and some PR.
"Youve said before that you run software start ups. Can you give an example of one of these companies and how you helped it succeed, and an example of one company that failed and why you feel it failed?"
I was involved with a company as a board member (basically, the oversight/guidance committee for the company) that did financial trading software. I helped bring in some key team members and helped them focus their business on the most important things. That business was recently sold and everyone was very happy. One of my first companies was software tools for developers who want to build stuff on the Internet. That company failed because we were very late to the game (we did not have a deep understanding of the market and competition) and we were also targetting a market that is very hard to sell to, software tools.
"What are some non-software venture capital investments have you made?"
Most of my investing is either in very tradtional stocks and mutual funds or in private software companies or in venture capital funds. I made an investment to be a small partner in a bar. That didn't work out too well financially, but was a blast. I'd like to get into real estate.
"Someone asked you before where to go for graduate school, and you said nowhere, can you expand on this?"
Not sure what the context was, but I was probably making light of grad school. I think it only makes sense for people who are really into something, whether it be law or a field of graduate study or whatever. I had no burning desire to get more specialized schooling in anything, so I didn't go. I was lucky enough to do decently in business by myself, so I developed a great network of contacts in the technology world. For people who don't have that, there's some real value in going to a top business school. But I was really never much on school.
"How often do you pick up chicks in hotel bars?"
I used to spend a lot of time in hotel bars. I've very rarely picked up chicks at a traditional hotel bar, maybe once or twice. But when hotel bars started becoming the new hotspots, a few. It was especially great to be staying at a trendy hotel like that on a Tuesday or Wednesday when some girls come to check out the bar. I haven't spent much time in hotel bars in the last couple of years.
"Have you been/vacationed in any third world countries? If so, what did you like/dislike and think about them in general?"
India is the only one I have spent a lot of time in. I love it and would highly recommend travelling to places like that. Obviously, I dislike the bad air and the dirtiness. But I just love the experience of being someplace totally different and getting immersed in a truly foreign culture. Europe nowadays is really not even like travelling that much, it's just like the US. I think it would be great for everyone to visit places that are just so completely different than anything you'll experience in the States.
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