What’s the best way to choose good partners?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
New York FinTech Innovation Lab 2016 – AVC

I’ve written about New York Fintech Innovation Lab here at AVC a bunch of times. It’s a great three month long program where entrepreneurs get mentoring on their businesses from executives at 25 large financial services companies including teams from the insurance, hedge fund, money management, and payments sectors, as well as teams from the 10 original money center banks who helped to found this program.

What’s the best way to choose good partners?

Peter Thiel (Co-Founder & Partner at Founders Fund)
Peter Thiel’s CS183: Startup – Class 7 Notes Essay

I won’t come out as pro- or anti- Y Combinator. They do some things well and maybe some other things less well. But I will something anti-not-Y Combinator. If you go to incubator that’s not Y Combinator, that is perceived as negative credential. It’s like getting a degree at Berkeley. Okay. It’s not Stanford. You can a complicated story about how you had to do it because your parents had a big mortgage or something. But it’s a hard negative sign… (read more)

What’s the best way to choose good partners?

Sam Gerstenzang (Director of Product at Imgur)
16 product things I learned at Imgur — Medium

Most partnerships are a waste of time. All partnerships take a lot of time.

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
New York FinTech Innovation Lab 2016 – AVC

I’ve written about New York Fintech Innovation Lab here at AVC a bunch of times. It’s a great three month long program where entrepreneurs get mentoring on their businesses from executives at 25 large financial services companies including teams from the insurance, hedge fund, money management, and payments sectors, as well as teams from the 10 original money center banks who helped to found this program.

Peter Thiel (Co-Founder & Partner at Founders Fund)
Peter Thiel’s CS183: Startup – Class 7 Notes Essay

I won’t come out as pro- or anti- Y Combinator. They do some things well and maybe some other things less well. But I will something anti-not-Y Combinator. If you go to incubator that’s not Y Combinator, that is perceived as negative credential. It’s like getting a degree at Berkeley. Okay. It’s not Stanford. You can a complicated story about how you had to do it because your parents had a big mortgage or something. But it’s a hard negative sign… (read more)

Ryan Howard (Founder @ Practice Fusion)
Transcript: Protecting yourself as the founder; Ryan Howard | VatorNews

One of my attorneys actually represented one of my investors. The reality is that that investor drove dramatically more bookable revenue for that attorney than Practice Fusion ever would. Whether there was a direct conflict or indirect, it was real and you effectively want some of that that’s quite neutral and not beholden to the investor. This is really really critical, make sure they have no conflicts. You always want to work with someone that’… (read more)

Ron Conway (Founder & Co-Managing Partner @ SV Angel)
Ron Conway, Mike Maples Jr. – Angel Investing Revealed by Stanford eCorner | Free Listening on SoundCloud

Who you choose to trust is one of the most important things to do well in your career. I would highly encourage entreprenuers to really reference check in a lot of depth, their angel investors. It’s unsophisticated not to.

Ron Conway (Founder & Co-Managing Partner @ SV Angel)
Ron Conway, Mike Maples Jr. – Angel Investing Revealed by Stanford eCorner | Free Listening on SoundCloud

[Think to yourself] OK I’m going to be in the foxhole with this person for the next five years and bullets are going to be flying in all directions. What’s that going to be like when we have our first near death experience?