The main thing to know about me is that I'm a champion of entrepreneurs and the startups they build. They are my rock stars. If in doubt, I side with them, and that's clear from my writing.
Michael ArringtonGenerally speaking, experience counts for something. So you'd expect entrepreneurs who've been through the ups and downs of a tech startup to have an advantage over the newcomers. Or at least have an equal chance at success. But in fact the opposite may be true. A number of venture capitalists I've spoken with have said that too many "old guard" entrepreneurs are not being bold enough in their business decisions, and it's hurting their startups.
Michael ArringtonWe live in a world where you're not being eaten by a lion when you fail, you just have to get another job.
Michael ArringtonMost of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.
Michael ArringtonThat first company I started made a lot of money for the venture capitalists - nearly $30 million - but next to nothing for the founders. The companies I started after that varied between failures and mediocre successes. But at no point did I ever consider getting a 'real job.' That felt like a black and white world, and I wanted Technicolor.
Michael Arrington