I saw Roy Rodenstein speak at a BarCamp in Boston and chatted with him for a bit. Seems like a very cool guy. No ego, he had come off a successful exit and was just happy to share his wisdom with the audience.
It is an interesting approach, kind of a twist on the old line "If you ask for money, you'll get advice. If you ask for advice, you'll get money."
By not focusing on being a "fund" they will probably find a bunch of smart hackers working on interesting stuff who may not fully understand the commercial value of their projects, build trust and a working relationship, and ultimately find/help build good investment candidates.
I was introduced to Roy about a month ago. Awesome guy with no ego and no agenda who just wants to help. He also took the time to understand the product and logic behind it, which is something few people do. Seriously it was a relief from the usual people we've been pitching lately. Combined with joshu, gabe, jim young, and jeff miller this is a real win for startups.
It is an interesting approach, kind of a twist on the old line "If you ask for money, you'll get advice. If you ask for advice, you'll get money."
By not focusing on being a "fund" they will probably find a bunch of smart hackers working on interesting stuff who may not fully understand the commercial value of their projects, build trust and a working relationship, and ultimately find/help build good investment candidates.