Watch Out for Someone in the Hallway When the Money Ball Exploded

One of our Shotput Ventures speakers from three years ago gave a great talk about his experiences as an entrepreneur. About halfway through his talk he was giving advice about what to look for in a mentor and angel investor and he said a line I’ll never forget: watch out for someone who is rich because they were in the hallway when the money ball exploded. The idea is that some people had immense financial luck without gaining the experience of building a sustainable business because they were at the right place at the right time.

Josh James, the co-founder of Omniture and Domo, sent a tweet out recently saying that sometimes success comes in spite of what you did and not because of it — pay attention to the truth:

https://twitter.com/#!/joshjames/status/182546524973182977

The next time you’re seeking a mentor or angel investor find out if they were in the hallway when the money ball exploded or if they were something else.

What else? What are your thoughts on deciphering how success was achieved by someone?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.