38:20

Ron Conway at Startup School 2012

Name: Ron Conway at Startup School 2012
Uploaded: 2014-07-23T21:48:08.640Z
Duration: 38 min 20 s
Description: Ron Conway, founder of SV Angel, describes his investing philosophy of betting on founders for life, focusing exclusively on internet software since 1994, and using growth metrics (happy users, rapid adoption) as the primary decision signal over immediate monetization.

From Y Combinator · Published Jul 23, 2014 · Watch on YouTube

TL;DR

Ron Conway, founder of SV Angel, describes his investing philosophy of betting on founders for life, focusing exclusively on internet software since 1994, and using growth metrics (happy users, rapid adoption) as the primary decision signal over immediate monetization.

Key insights

Conway’s best decision was in 1994 to invest only in internet software (TCP/IP era) – a rule he still follows.
He invests in the entrepreneur first, for life (“unless they do something wrong”), and does not care what the company does today.
He can decide whether to invest within ten minutes of meeting a founder, using an internal algorithm of ~50 traits (communicator, leader, driven, fearless).

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