Walking out of the cofounderlab.com, disgusted as usual. Disappointed as usual. Though, I feel blessed by God. For I have been molded by life for events of rejection. Granted, it still hurts but it no longer burns.
A stocky 5'3"man in - might have been google glass - and I made eye contact and he smiled and walked 2 steps and said hello to me. This olive skinned man, smiled and nodded through out our conversation. I knew who he was before he said hello. I read all the profiles. He is Hussein. A developer. On his profile he already has a project.
In our conversation, he revealed he is already with 9miles lab. They were able to receive $35k for 6 percentage. I expressed to him I was thinking of applying for techstars. For on their website, they state 110k for 6-8%. He enlighten me, techstars actually only give like 18k for 6-8% And the 110k is only in a debt note. Something to think about later. Hopefully.
Well, Hussein has got to be the most friendly man I have ever met in any of these meeting. Its hard to describe. There is just certain people you hang around and you just feel comfort and friendliness. And yet all the while talking to him, I could not understand hardly any words. His accent was too heavy! He talked about his site..KustomNotes. And then I popped the question..."Do you want to help me later?"
reply "Yes, yes, I help"
me "What? did you just say yes? I am so happy"
I have never reacted with so much joy. I shook his hand. Expressed to him how much that yes meant. Now, In my mind, I'm not sure how much I was going to ask for his help. But just immense surprise was all I need. I"m here asking half a dozen English speaking, American in that room for help. All of them dressed so sharp. All said no.
It took a Arabian (Not sure his nationality. Just going with Arabian) that I can't speak English to even say any interest. It was a shock!
We smiled and laughed at my joy and I quickly said goodbye. For the yes was all i needed.
Now I'm really walking out. I walked out the door. Sitting at a table next to the door alone was a woman I saw in the event. A pretty woman I saw with Hussein. Knowing how it sucked to be alone in a packed room, I said hello. And then she came out with the smiling and friendliness. Oh geez. ok. More talking
So I told her my story. I'm homeless and I was just in that packed room. No one was interested in helping. Except for one man. I was on my way out and this short man in glasses that I can't understand a single word said yes. I think I saw you with him.
"yes, that is my husband"
Wow! I had no question that was her husband. 2 perfectly matched people. Both so friendly and geniune. Then she talked to me about Kustom Notes. I have no idead what she was talking about. I looked at their website and still have no idea what in the world is that. But they got $35k plus Hussein's wife revealed they got another $100k pre-seed money. Yes. I didn't misspell. Pre-seed! Amazing. For a website on templates. I have no idea what it is about.
But what is revealed - it is so true on what they say about how venture and angel capitalists and how they go about handing out money.
Everyone has ideas. And these venture capitalists discovered something.
Its not the idea that makes a company successful. The greatest idea can fail. The worst ideas they funded can thrive....it all depends on the people.
So, they learned to invest in - People. Not ideas
After meeting Hussein and his wife...I see the investors point and they are right.
Wouldn't it be cool, if someday I can bring them from that odd Kustom Note thing and on board to mine. Just musing.
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