Congrats to Moglix

Pretty excited to see this news finally come out – Moglix has raised their Series A round.

https://www.entrepreneur.com/article/280920

We are obviously a new firm, SeedPlus, and have a long ways to go but it is nice to see some early traction. One of the new challenges I am facing in being a VC is just being patient and constructive about playing the long game. When I was shipping product it was always pretty easy to get some short term satisfaction by shipping something, measuring it’s performance and then tweaking along the way to shipping an update.

Dashboards were my crack.

Now I have to just keep going, be patient and work with my team to shape the long game. It’s fun, but challenging.

So with Moglix raising an A we get a chance to celebrate a small milestone. It is also a nice example of the SeedPlus network at work with Ratan Tata, Accel and Jungle all playing vital roles.

If you are interested in learning more about SeedPlus – contact us here :: http://www.seedplus.com/contact/

There are no tricks

As long as I have been in the startup or product game, I have heard from the CEO, the marketing head or the investor that there is always a milestone that when reached the business will lock into an upward trajectory. If we cross this number we are good. If we license this movie we will have so many viewers. If we build the sign-up flow this way we will blow up with users. If we re-factor the payment flow we will double payments. 

Hell, I am sure I contributed to a few of these fallacies. If I did, slap me.

Everything is essentially a slow build with a constant struggle to keep moving, keep growing and keep measuring. Rarely will a single event lead to amazing success. Normally the fluke success is not long lasting and many times success comes sneaking up on you since you have been too busy grinding it out to notice.

Seth is so on the money with this one :: http://sethgodin.typepad.com/seths_blog/2016/09/looking-for-the-trick.html

There’s a meta-trick that’s far more reliable. One that works over time and doesn’t depend on avoiding being out-tricked: Make great stuff. Satisfy needs. Do the hard work that leads to growth which leads to investment on its own merit.

It turns out that the trick-free approach is the best trick of all.

My writing view for the moment – love the iPad pro with the always on LTE:


My son and daughter are out there going crazy.

Enjoy your weekend.