Skip to content

Finding Wet Snow

October 8, 2008


I just started the new Warren Buffett biography, entitled “Snowball.” He has a great quote on the back cover: “Life is like a snowball. The important thing is finding wet snow and a long hill.”
I often feel that a lot of what I do is going out to find “wet snow.”. There is little more valuable in the early stage world than people who are magnets — magnets for great deals, magnets for great talent, magnets for great ideas. We spend lots of our time building relationships with the magnets our there; and when we evaluate investment opportunities, one of our criteria is how magnetic the idea and founding team will be for future recruits.
One of my partners calls it being a “babe magnet.” Buffett would call it finding wet snow.

No comments yet

Leave a Reply

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

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

Google+ photo

You are commenting using your Google+ 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