Does Time Heal All Wounds?

Nope!

As I was getting the grey removed from my hair today, I started thinking about Nadsaq 5,000.  I mean…all those Nasdaq points and not one good hair or aging solution…

It has truly been an amazing 10 years since Nasdaq 5,000 in March 2000. It was a pretty amazing two years leading up to that as well.

I started my small hedge fund in June, 1998 and knew amazingly little. I can’t believe how little I know 12 years later.

Ten years from now, I will have no hair on my head and cabbage size patches in my nose and ears and time will be my enemy.

In January of 2000 I invested in a Q round of Cars Direct. A sure thing. It’s finally public and I am still down 90 percent. Time just makes that pig hurt more. As part of that same deal, I HAD to invest in Viva.com. It was the horse with three legs and it should have died a horrible death. It became Rent.com and was purchased by Ebay for $450 million in cash after almost shutting down in 2001. I am a genius and time can’t stop me biiitches.

I could go on but it would cut into my Twitter time.

There is only one lesson…stay in the game. Yutz’s like me are surviving and thriving.

Fat pitches are everywhere.

23 comments

  1. Mark Essel says:

    Hey watch it, your happy tale trumps all over my “inspiration blog” with your legendary luck! I’ll have to start rewriting strategies (don’t do what you love, just find something you’re lucky at :)

    I’d trade all the expertise and wisdom in the world for a brilliant streak of luck. Someone throw me the dice

    • Mark Essel says:

      The fat pitch concept extends to choosing a startup to push forward as an insane time sucking founder. Who woulda thunk Stocktwits would be so god damn popular, the Fat Founder Howie (I put on some pudge over the winter – fiancée cooking – so it makes me feel better calling skinny guys fat).

      Thanks for the link.

      Time to be nice to Howard before he replaces my avatar with my little pony on his site

  2. Guest says:

    “There is only one lesson…stay in the game.” – great lesson there

    people always get weeded out in the long-run and time reveals peoples’ true colors. if they really have what it takes, they stick closely to the path. if not, they already gave up very early in the game.

  3. Mark Essel says:

    Hey watch it, your happy tale trumps all over my “inspiration blog” with your legendary luck! I'll have to start rewriting strategies (don't do what you love, just find something you're lucky at :)

    I'd trade all the expertise and wisdom in the world for a brilliant streak of luck. Someone throw me the dice

  4. Mark Essel says:

    The fat pitch concept extends to choosing a startup to push forward as an insane time sucking founder. Who woulda thunk Stocktwits would be so god damn popular, the Fat Founder Howie (I put on some pudge over the winter – fiancée cooking – so it makes me feel better calling skinny guys fat).

    Thanks for the link.

    Time to be nice to Howard before he replaces my avatar with my little pony on his site

  5. Sure. Will share my biggest losers.

    CNF – zero

    Skynet- shipping – massive headache and zero

    Countless dumb retaurants- fractional returns

    An airline- shoot me

    The winners have been so good though…

  6. greenskeptic says:

    You gotta hit the fat pitches with your sweet spot. That’s what I always tell the kids.

  7. ivanhoff says:

    Your stories always make good posts. Do you have a detailed statistic of your VC investments – what % of them actually made money, the gain from the biggest winner, the loss from the biggest loser; average gain… I promise I am not related to IRS

    • Sure. Will share my biggest losers.

      CNF – zero

      Skynet- shipping – massive headache and zero

      Countless dumb retaurants- fractional returns

      An airline- shoot me

      The winners have been so good though…

  8. ivanhoff says:

    Your stories always make good posts. Do you have a detailed statistic of your VC investments – what % of them actually made money, the gain from the biggest winner, the loss from the biggest loser; average gain… I promise I am not related to IRS

  9. sayemislam says:

    “There is only one lesson…stay in the game.” – great lesson there

    people always get weeded out in the long-run and time reveals peoples' true colors. if they really have what it takes, they stick closely to the path. if not, they already gave up very early in the game.

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