McClure talks about the perfect formula for a startup (hacker + hustler + designer) and why the three Ds — Design, Data and Distribution — are important for young companies. He says that the fund basically makes its $25K to $250K bets on companies with simple revenue models, “Things that are easily understood and make money.”
I’ve had the pleasure of spending a semester in class at the University of Michigan with fellow entrepreneur and CoFounder of Fetchnotes, Alex Schiff. I also had an opportunity to test drive the web app, “a simple, cloud-based notepad to make your life easier.”
My biggest takeaway from this post is the best advice I’ve received all year, “never eat alone.” It’s simple and makes total sense. Check it out.
This post originally appeared on The New Student Union.
One of my favorite weird startup concepts of all time is that of the “luck surface area” (LSA). It was coined by Jason Roberts, an entrepreneur and co-host of the podcast TechZing, on his blog Codus Operandi. Basically, he argues that…