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7
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Quality Folks

Fund: Storm Ventures, Inc.

Posted by Anonymous on 2007-06-16

PUBLIC:

I've had the chance to pitch to the Storm guys in the last half year, and what I liked was the rational, informed approach they took. I assume this comes from the operational background of all the partners (and associates), as others have pointed out already. While they did not in the end offer us a term sheet, if they had offered, I would likely rather have taken their investment over the couple of other much more prominent firms that did offer. As an early entrepreneur, I've slowly come to understand the standard advice to separate the "help" from the "money", and superficial domain expertise is almost always more harmful than no domain expertise at all, but the Storm guys always struck me as knowing what they know, knowing what they don't know, and knowing where and when they can add value. That, to me, is the kind of firm you want on your board. To the comments about them misappropriating the Mobio business plan with EIRs, there's a reason why vc's can't sign nda's-- because there are precious few truly unique ideas out there; most entrepreneurs know that good ideas are a dime a dozen, and it's rare to come across a good idea that a handful of other folks aren't already working on.. it's all about execution, and that's where people like Storm really shine.

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