This is absurdly efficient, as I need to eat lunch, I like to drink coffee and I don't like being alone.
Given that, I wind up investing in 30 of the 500 companies I meet with per year — however, those 500 meetings are chosen from a pool of literally 5,000 possible startups.
Or, about 1 in 200 startups my team looks at gets funded.
Wildly efficient, yet I still find that some markets are not being addressed. Get this man a chair, a warm towel, a pair of slippers, and a quaalude.
It’s a balmy night in Manhattan’s financial district, and at a sports bar called Stout, everyone is Tindering.
The tables are filled with young women and men who’ve been chasing money and deals on Wall Street all day, and now they’re out looking for hookups.
It’s setting up two or three Tinder dates a week and, chances are, sleeping with all of them, so you could rack up 100 girls you’ve slept with in a year.”He says that he himself has slept with five different women he met on Tinder—“Tinderellas,” the guys call them—in the last eight days. ”“We don’t know what the girls are like,” Marty says.“And they don’t know us,” says Alex.
Dan and Marty, also Alex’s roommates in a shiny high-rise apartment building near Wall Street, can vouch for that. “She works at—” He says the name of a high-end art auction house. And yet a lack of an intimate knowledge of his potential sex partners never presents him with an obstacle to physical intimacy, Alex says.Perhaps when I hit 250 investments and I'm "done" (as in, 50 years old) I'll write a book about it.Here's a little peek into the process: I generally meet with 10 startups a week during lunch and for coffee.My team and my network narrow the 5,000 to 500 and I narrow it to 30.That means 10% of folks my team look at get to meet me in person and ~5% of those get funded.Russell Steinberg was bored at work when he arguably started it all.