For the most effective pitch, focus 80% on the problem, 20% on the solution. Dave McClure More Quotes by Dave McClure More Quotes From Dave McClure It's pretty challenging for large funds to spend the time and energy necessary to get a meaningful return when most of the wins coming out are perhaps below $100 million exits and the ones above are very few and far between. Dave McClure far pretty energy time Sometimes, we nerds of technology sort of don't think that the rules necessarily apply to us in the same way, but I think when you produce products that hundreds of millions of people, if not billions of people, are using, we have the same responsibilities as any other person representing the Fourth Estate. Dave McClure you technology sometimes people I don't know if we're doing the optimal things that we can to try and connect different people on the planet with different points of view and not be so angry at each other. Dave McClure view know angry people Hottest space that I think is interesting would be education, particularly, like, ages 3-10. Dave McClure think space education interesting Offline, anything is expensive. Online is much cheaper, usually, to do almost anything. Dave McClure almost anything online expensive 'Bazillion Dollar Club' follows six struggling startups trying to get their products together. Dave McClure club get together trying I think 'Shark Tank' is targeting companies that are really trying to raise their very first dollar. A lot of them aren't really tech focused. We're definitely going after companies that are building real technology, either software or hardware, they probably have raised a couple hundred thousand already. Dave McClure think building technology real I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments. Dave McClure word lot say use The reason we invest globally is because we think that's where a lot of the growth is happening: around the world. Dave McClure think growth reason world I want to invest in a functional product that people are using. Dave McClure invest product want people Most of what we do is software, Internet, and mobile. A fair amount of that is transactional. Dave McClure fair mobile internet software Everyone has a different definition of risk. Sometimes that creates opportunities as well. Dave McClure opportunities everyone risk sometimes Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization. Dave McClure africa year egypt time The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment. Dave McClure more because you investment Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred. Dave McClure doing talk year talking While I'd like to believe that I'm not a bad or evil person, regardless, it's clear that some of my past actions have hurt or offended several women. And I probably deserve to be called a creep. Dave McClure women evil believe past
