Happy Anniversary DMG

1 Today

Today I started getting the generic, “Congrat’s on your work anniversary!” notifications on LinkedIn so it must be around a year since I updated LinkedIn properly and put DMG on there. It’s been an interesting year - lots of learnings and achievements, some frustrations, periods of intense activity and a couple of lulls, steps forwards, steps back - all in amongst investing in five terrific startups.

Here’s a review of some things we’ve done and a bit about how we think about founders and startups. If you’d like to get in touch please do here.

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Things we’ve done

Some Observations

Relevant for entrepreneurs - from the best founders I’ve seen that:

  • There is no such thing as being on time - you’re either early or you’re late. An hour early is better than a minute late. 
  • There is still a lot of investment money available but it still takes longer to raise it than you think/hope.
  • Regular updates (ideally monthly) are essential for investors and entrepreneurs alike. Founders should also have a 'potential investors to update' list - investors invest in ‘lines not dots’.
  • Pace of execution is key. The default deadline for replying to emails should be 24 hours.
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Things we look for in founders

  • Something we can all be proud of building.
  • A startup that can return lots of money to its shareholders.
  • Good execution - please scare us with your genuine resourcefulness, discipline and determination.
  • Things we can help with - we want to be very active in helping startups.
  • Aligned vision & values (with the product, and us).
  • Frugality - great things take a long time so save money. "A penny saved is a penny earned".

 

By Matthew