• donalddesantis

    It seems that the challenge is traditional firms aren’t resourced to “show the love” in the way you’ve described. The “spray and pray” nature of seed stage typically means small deals in high volume. It reminds me of planting a bunch of bulbs in the garden behind my childhood house, and returning to see which had sprouted into a small green shoot from the ground. It was all I could do to keep those fragile shoots alive.

    It’s a shame since it means many new Plumtrees of the world will die before maturity. But we shouldn’t let the founders off the hook. With access to funding (at unprecedented valuations), it’s very much their responsibility make it through the soil and become one of those green shoots. The challenges and solitude of starting a company are very real, but they’re also the one constant across a portfolio of young companies.

  • Savan Kong

    Great post, G. 

    It’s funny how many parallels there are with young Redfin and Plumtree: The digging deeper and deeper into a darkness, hoping to somehow spontaneously hit gold, questioning whether we were actually spending our time wisely, tinkering with many versions of Redfin.com and wondering if people would actually use. I recall many of the same days when Dave and I hauled around a huge rack server to several of the prominent real estate companies, hoping that they’d get as excited as we were about Redfin. 

    Many years have passed since then and I’m really glad you are “swing for the fence” and making Redfin something bigger than any one of us could have ever imagined. Not many companies can take on multiple rounds of funding to do something huge; I’m glad we’re one of them. 

  • http://www.jeffreylu.com Jeff Lu

    Environments change but good entrepreneurs still find a way… “Just win baby”

    There were lots of Plumtrees waiting to happen in the late 90′s – early 2000′s but didn’t because they didn’t get early seed funding. There are Plumtrees waiting to happen now but won’t because they can’t cross the seed to Series A chasm. It’s the reality of being an entrepreneur.

    Again, great post. More people should read your posts but selfishly, I’m glad they don’t.

  • http://avc.com fredwilson

    love it. gonna reblog parts of this

  • http://www.participate.com Alan Warms

    Fantastic post

  • http://www.freddestin.com Fred Destin

    Great post.  I can only aspire to having entrepreneurs say this about me someday.  Ha, maybe Zoopla’s founder :-) Thanks for sharing.

    • http://www.parkparadigm.com parkparadigm

      Zoopla? Home run from Day 1. ;-)

  • http://www.dorkadore.com Katie

    Great post! I’ve certainly changed my feelings about what happened to my company in the years that have followed my departure. We weren’t even all that screwed up. If we’d had our own Pierre things might have been quite a lot different today!

  • http://www.grow-connect.com/ Seed Capital

    Love this. I’m gonna create something out from this and will also credit this blog too. Thanks