Survival 2010

135

Are you the next billionaire?

Nat Goldhaber tells Reena Jadhav why now's the time for billionaires

Innovation series by Reena A Jadhav
December 18, 2008 | Comments (4)
Short URL: http://vator.tv/n/5e8


 

Reena Jadhav, CEO nuResume, interviewed Nat Goldhaber, Venture Capitalist, in between drinks to hear his tips for Survival 2010 and predictions for 2009. 

Nat was inspiring enough that I came home and put in a couple more hours of work. He believes this is the time for billionaires, not millionaires, to be born. As he puts it, there are so many great opportunities - find the right opportunity, and create something that everybody wants and needs but doesn't exist ,and you're on your way to becoming the next billionaire.

Less inspirational but insightful is his prediction that Series B rounds will disappear in 2009. (See: There's no such thing as a "B" round.)

Angel stage companies that are "great" = have a great idea + great technology + great team will get funded. Mediocre companies will not. He defines "mediocre" as companies following the trend as opposed to creating a new space or new trend. Series C stage companies looking for expansion capital will also get funded. But not companies in between. So, his recommendation is to raise as much Series A as possible, regardless of the price.  

His predictions are just as dire as what we're hearing elsewhere. A continuing decline through 2009 including a further drop in real estate prices. But do watch the video to hear his colorful views on Obama, the opportunity for the new administration to get us out of this recession and Hillary's new gig.  

 


Related companies, investors and entrepreneurs

Plogo_nuresume_logo_nualerts jpg (4)
nuAlerts
Startup/Business
Description: nuAlerts helps businesses and communities get the word out more effectively by combining best of breed marketing solutions into one accou...
135
Reena A Jadhav
Advisor,
Riiwards
Bio: Reena is an entrepreneur with a passion for game-changing, value-creating ideas. She currently splits her time between CareerHero and coa...

Related news


Comments

Gary Silver
Gary Silver, on December 18, 2008

"Create something that's never been there before that everybody needs, or everybody wants, and you're the next billionaire." Wow, it's that simple?


Danny McGowan
Danny McGowan, on December 18, 2008

thanks Nat for sharing the candid insight and reiterating my startup's premise hook line and sinker. perfect timing. the mylocator platform has never been there before. its something everyone needs, and everyone will naturally want.

Cheers to the Game Changers


Comment_gbg
Samson Raj S, on December 22, 2008

Thank you for the inspirational quote. I agree 100%


Pete Kennedy
Pete Kennedy, on January 28, 2009

Great video. I love the casual cocktail vibe. but still surprisingly great production. and of course excellent content


blog comments powered by Disqus

Featured Stories

Other episodes of this series

Get to profitability now

1507

Survival 2010

by Reena A Jadhav
Angel investor Hamid Rezepour speaks with Reena Jadhav

Is this why you're not getting funded?

1509

Survival 2010

by Reena A Jadhav
John Matthesen shares why eight out of 10 fail to get funded

The upside of fear, uncertainty and doubt

1513

Survival 2010

by Reena A Jadhav
Soaring Venture partner Steven Elefant says today's tough times are great for entrepreneurs

Tim Draper gives Survival 2010 tips

1562

Survival 2010

by Reena A Jadhav
Crisis is an opportunity to grab huge markets

Valuations are down 50%, get profitable now!

1508

Survival 2010

by Reena A Jadhav
Collin Wiel shares tips and predictions with Reena Jadhav