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04-19-2014, 10:41 PM #14
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
There are a ton of interesting questions here... You remember how Facebook started? It started as this thing at Harvard that was pretty cool. Just a class listing, a photo, and a poke. But it was enough to get people hooked. Then they went to another Ivy league, and then another. 10 years later they're spending $21 billion on acquisitions! (What'sApp + Oculus) in the same year.
A class listing at Harvard, a photo, and a poke. 10 years later, they're buying companies for billions.
Point being... You don't START with your end game, you iterate your way towards there.
Let's not even talk about Buynance. Lets talk about Fundera. You really think they raised $3.9M to be a lead generator for CAN + OnDeck when investors expect a 10x return? You really think the guy who shipped and sold Skype (CEO of Fundera) dove into this space to be a lead generator for CAN and OnDeck?
Let's pretend Buynance fails. You're gonna bet that our competitors (Fundera) raised $3.9M in a series A to make $750 per lead and that's it?
Come on man. Is this story every going to be written?
"Jared Hecht, shipped and sold Skype for billions and ultimately started Fundera to become the most super reliable lead generator for CAN + OnDeck Capital."
Think about this kind sir...
What are guys really up to here???
If you surround yourself around the people we're exposed to everyday you'll see guys think and EXECUTE on levels beyond comprehension.
There is a $462 billion market oppty at stake here and you'd be less than wise to take anything any tech company is doing at face value.
Case in point...
GOOGLE 411. Remember that? Folks thought Google was trying to get into the listings business. IT WAS A SMOKE SCREEN.
They used all that voice data to power their voice products today...
It's levels to this stuff my man... levels.Last edited by JayBallentine; 04-19-2014 at 10:50 PM.