Posts from Dave McClure

One of the great things about the web is the ability for people located all around the world to be having a public conversation in real time in a single place. We see that in action here at AVC with the Disqus comment system. But it also exists on Twitter, Quora, Stack Overflow, Reddit, Hacker News, and a host of other places on the web. This kind of open public discourse is quite important and leads to greater understanding and ideally a progressive society that moves forward as new ideas and new ways of thinking propagate.

As the web is increasingly moving to mobile, there are opportunities and challenges. The opportunity is simple. Folks don’t need to be in front of a computer to be able to participate in a real-time discussion. The challenges are harder. Who here has tried to comment on AVC from a mobile phone or tablet? It’s not as easy. And what would a mobile app look like for commenting?

Those who solve these challenges will be the leaders in real-time discussions in the coming years. Because taking our conversations with us in our pockets will be critical.

I say all of this because of an experience I had yesterday. I had to take my son to take a test yesterday afternoon. As I left our home, I saw a tweet from Dave McClure responding to my post yesterday:

yo @fredwilson @msuster ur missing main point on notes — big reason they’re used over priced rounds isnt valuation, rather synchronization

— Dave McClure (@davemcclure) September 8, 2012

I responded to his tweet and then took my son to his test. A half hour later, after I dropped off my son, I checked Twitter and there was a lively discussion brewing. I responded to a few tweets and started driving home.

Every twenty blocks or so I would pull over, check twitter, reply to a few more tweets, and then start driving again. By the time I got home a half hour later, there was a full blown Twitter discussion.

Mark Ury did us all a favor and Storified the discussion for posterity. Mark Suster also contributed a curated version of the discussion on his blog.

What’s the takeaway from this story, other than investors get pretty emotional about things like convertible notes, priced equity, discounts, and signaling?

Mine is that I could have never participated in that discussion in real time had it not been for the Twitter client on my Android phone. But it was simple, in some ways simpler than doing it on the web, in Twitter’s mobile client.

So it’s high time for all those companies out there that are in the business of hosting and facilitating live real-time public conversations to do what Twitter has done and make your products work well in mobile. If you don’t, others will.

Like many of my friends and colleagues, I was touched by this heartfelt post by Dave McClure yesterday. This part really rings true to me:

and so here I am: still standing in the arena, in hand-to-hand combat with demons mostly of my own making, aiming to make a small dent in the universe. nowhere near a great success story, yet fighting the good fight and perhaps helping others to achieve greatness as I attempt a bit of my own. I’ll be 46 in a month, well past the age when most folks have already shown what they’re made of. but I’m still grasping for that brass ring.

That one paragraph packs a lot of emotion and pattern recognition for me in it.

Going hand to hand with demons of your own making. Check.

Nowhere near a success story. Check.

Well past the age when most folks have already shown what they are made of. Check.

Still grasping for that brass ring. Check.

I could have written this exact post five years ago. When I was Dave's age.

Venture capital doesn't create 20 something millionaires. The prime of your career in VC is the late 40s. Right where Dave is.

I am not exactly sure when I stopped feeling all these things that Dave is feeling. But I did. It happened sometime in the past few years. And I am happier for it. But also worried that I don't have that big chip on my shoulder anymore. We will see.

But the best line of all is the one that I ganked for the headline of this post. Helping others to achieve greatness is what VC is all about. If you do it well, you achieve a bit of it yourself along the way. But you have to do the first to get the second. Dave understands that. And so I think he'll get his brass ring soon enough.