new500's Journal: Converting almost into success, SV VC rejects, wastes what it broke

(this is a reply i hadto make to jump the gun by months to explain a point importantto me, here for that reason,open for that reason too to be pased around thereby. I merey hope ot may interest you despite \I| find the idea strange my unfinished business may at all!)

Premature curmudgeonly grumpy ex-ex-ex and around again pat Brit, more family stateside for over generation, trying to acclimatise unsuccessfully to reinsertion to my homeland to see what my roots are, whilst on enforced leave following spectacularly interesting failure that dumped what looks like may be a wealth of insights onto my lap licking my face puppy style wanting me to go one more time thru the venture world. Happy to hear from anyone wanting to hear from suitably ...not disillusioned, hard bitten sure, but not disappointed, "serial entrepreneur" i.e. many times failure in ways my homeland does not accommodate, and presently in enforced downtime to ensure health not properly battered therefore able & willing to offer constructive advice, also liable to hint at things which interest me that may have had years of attention and still belong, still to be exploited, to my little company that didn't get bust yet. My sole achievement in 40 something years seems to be luck, that I stiPremature curmudgeonly grumpy ex-ex-ex and around again pat Brit, more family stateside for over generation, trying to acclimatise unsuccessfully to reinsertion to my homeland to see what my roots are, whilst on enforced leave following spectacularly interesting failure that dumped what looks like may be a wealth of insights onto my lap licking my face puppy style wanting me to go one more time thru the venture world. Happy to hear from anyone wanting to hear from suitably ...not disillusioned, hard bitten sure, but not disappointed, "serial entrepreneur" i.e. many times failure in ways my homeland does not accommodate, and presently in enforced downtime to ensure health not properly battered therefore able & willing to offer constructive advice, also liable to hint at things which interest me that may have had years of attention and still belong, still to be exploited, to my little company that didn't get bust yet. My sole achievement in 40 something years seems to be luck, that I still don't feel beat or down, whilst starting at last to clearly see how life works when all you really knew all your adult life was a text editor and some term sheets. Had I minted some serious dollars and been a inveterate ahole, I might be the kind of board member to offer to bring experience of a "wider life" to "assist" your startup. Instead if I do any of that again, my sole intention is to not offer experience in bon mots and anecdotes but darn well ensure the founders experience Life capital L. Because frankly, if you can succeed, you are more likely to do so if you don't pull the hours I once did, or a host of errors of supposed dedication and misdirected passion. I hope I can be a "fallen angel" as few with my variety of intense experiences exist in the real world, failure breaks them or success alienates them. My dream? To be a right kind of fallen angel to a startup that can use my effusive passions for m,any ideas that are signature to me in profundity and even aptness, but who will allow my purpose for such is to throw things against the wall, not be prima donna nor divert anyone to my ideas, but use a bank i have stored away as thoroughly worked out examples to plunder to reuse in a new situation. I think what sits forlornly unloved by capital now, simply because others were more loved,is something to use and use again, as they are 20+ years of many more than me, who passed through my company, and I keep them as genotypes (my bioscience is nil but i mean they are like example strains very well studied that are parallel to in crop / contemporary ideas, used to lab study related ideas the more safely). I am unusually young to say my father grew up adult during the Great Depression. My ideas are more Baby Boomer, as are my values. But I am not quite som old, and feel acutely the tensions and worries of the generations and economies affecting anyone my age or younger today. MY work focus was outright revised to establish a macro economic pitch to drive investment and to consider startups as petri dish tests, not "unicorn" be all and end all situations. I am aiming for far longer term capital, and trying to find startups who want to work career long with one another, not bound by the ideas but bound by talent and simple human joys. I think it better to sell the startup and keep the good founders, if they will stay. I think a group who can really do startups, will return way above the miserable VC industry returns to investors. I mean to test with a surfeit of ideas, whether finding the team is what matters most, and feed well already formed ideas, to precipitate more, not to spoon feed condescendingly to my peers. I believe there are end runs around some of the woes founders have in handling investors, but my ideas need strength of longevity in who may join me. So I repositioned many financial models accordingly, to strenghen personal financial stability for founders as a imperative, and permit a sliding scale of risk for founders, virtualy the opposite and anathema to VC risk-on behaviour that I fear and have seen break minds that never expended the resources on political etc defences because they prioritised intellectual pursuit. It is not enough, as i see it, time and again, to try to "fix" a few by mentoring, you must provide the immediate and concrete safety for such individuals to actually grow the ability to manage the business world at large. Scar tissue is not a matter of pride in my book. I am presently refining certain ideas that have had commercial prof but lacked breakout success. My continued solo aim is to breakout one such idea to enable the above ideas to be real. But that is not pressured and depending, may be able to cut deals or ange like funding meanwhile, also. If you want my vision in simple ecnomic terms, I rather would have a company comprised of who founded startps sold early, who each need nt worry fiancially, who can content with core aims work (which forgive me i wont disclose,but general pursues the above aims) and who can line up startups to found themselves, with frequency fo offers comparable to VC firms, and returns possibly as good, byt be able to treat these evaluations as a regular job too, be able to nt ever worry what their wife or GF thinks the future. The big VCs never once got asked why it s s all or nothing, why no middle ground. I say only I want to "own" the middle ground as a ethos and esprit that doing middling okay in a economy as ruthless as this, in high tech no less, is not shabby at all, and doing so whilst still seeing sight of big opportunities is not impossible nor merely dreams. I've some lifelong experiences I am staking on that idea, along with a bunch of all the usual trappings. Models pitches resources legal IP rights market data insights .. a startup hopeful doesn't so often procure all of those, but to me they are workaday, just expensive. Nor do I think guiding VCs as directors really work, they mostly show you basic ropes. It is rare you are taught, tutored. The matrial is often sub - B-school grade however. I simply want my compamy to do and teahc al these things as our daily bread, i see no reason why a real company cannot treat venture startup economics as core values and skills and hone these. If this is something you like the sound of, and can imagine ca. 50 others, plus a background board who held Fortune 500 directorships, there but background, and can imagine being pitched a idea for angel funds, and could see a as yet unready pitch and instead offer your petitioner a decent job to hone that pitch around your people, could you make that work? That is mostly what we will do.Imagine if you can that that job offer doesn't cost the presenter hopeful his equity or IP either... can you make that hire now? Imagine you are borderline whether you would buy a round at angel, from that pitch, but if you hire him you buy our company a right of refusal and naturally first sight of developments... can you go with that hire and defend it both ways as fair? I see ad have been myself, far too many true innovators lose their health and more before they get to a credible pitch opportunity. But this is acceptable to Sand Hill or even moreso and worse a perception of startup culture. Can you bet on a team or a guy when they are beat down and don't make you look good? I say the "ten baggers" the 1000% returns are directly in people, not term sheets. This is how I covert my journey and experience into a investment, regardless the value of my startups past. I see we can do more with human capital. I believe we can provide a safe haven in too mediated a world. Your legacy is never yourself. I hope that is how it shall be for me. I can make good out of decades of figuring out why pointy haired aholes in line management are good for a company, can you? If we do this, it is to mine human capital before it is strip mined. Can you see how modern VC looks like so many clothes less vagrants panning for gems downstream a mine once famous (Congo I have a example) whose gems are all now blasted into dust and leaving only once mighty stones to wash down a poisoned stream as sand and grit, the true value fought over the resource broken, masses now starved, towns and cultures broken... We need to rebuild the mountain, and it can be built from a thousand hopefully not by prerequisite pounded and smashed talents. Often the true ones are the first broken. Just last night I watched a documentary on Japan's semiconductor industry, and a former major Kiertsu director explained how Japan watched America climb so high, and take terrible falls, so Japan climbed easily at first. The true frontiersmen are rarely who build the cities. Let's change that. America accepts failure as price of success in was my home Britain cannot. But America often does not exploit its failures. Those who fail and gave their last and all of themselves, if we must call ourselves a convalescence home, so be it, but it wont be. Instead lt us be a simpler different temperate house (after Kew Garden's royal botanical gardens Temperate House, a botanists wonder) after hothouse and desert and which else in the Valley. This wasn't meant comparatively but as a thought of what may be missing, inviting, approachable, above all a place to grow again. I did, three times before. This time, I ensure neither I nor others need have such a rocky ride. I can make untold numbers work out on term sheets now, have projects abundant some with true potential, but I only want one big return to pay for salvaging all the middling returns lost to the VC world by the all or nothing model, and see that as the future, because we need to cross pollinate in stable climates, the problems the eath faces are far too complex for silos of specialisms. Because who seeks decent angel funding ought to be able to get sign off like a normal manager does in real industry, not slave and sell all etc etal the rest you probably know too well how much that routine costs. Even forgetting, human, private costs, what we miss, the youth we trade unrealizing and the hearts maybe not broken but never nurtured and shared as we wanted. This is the new corporation, meant to treat startups as a normal thing to do, populated by normal startup founders not crazed failures but the considerable talents who were lured too far fro safety, by promises or demands amplified and made real by their talent not the reality of promises, They were too often made to con themselves. I hated that. I think it is not hard to rebalance so much of this. No, I am not orhanised as yet, I was prompted to speak months too early against my plans, but this needed stating now, for someone to see, so it has been said. I hope you like the reason why I will go one more round in this crazy world!