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September 18, 2006


Also posted positively on it Rick
I think its a great play

The answer is: "tongue-in-cheek". Of course you want to back smart people, my point was twofold:
1) You should ONLY invest in smart people. This is so obvious to me it's like saying you should only eat unspoiled meat or always put on shoes before walking on glass... which leads to
2) Trying to be a wee bit funny.

Actually if you really look at the post, I think you'll notice I don't take many shots at Dogster itself - it's more about the point of the *reason* to invest...

Personally, I think they probably will make some decent change, which is both funny and sad. When I walk by the pet bakery stores in the Bay Area and see all these rich folks buying donuts for their dogs, but not lift a finger to the poor or homeless people around the corner, it's almost depressing. But I'm digressing again, aren't I?


As I expected but it makes for good copy, eh? I'm typing this from a Starbucks in Irving, Tx where a lady is feeding her dog an Iced Latte, so not much of a digression, I hear you, I really do.

Thank you for stopping by, love the blog..


"So to be sure, kind start up, smart people = good. Entertaining tho s/he may be, s/he is dead (get it?) wrong, it is a great reason and often time the thing that allows a so so plan to actually make it. While smart people fail, yes, not so smart people fail more often. I'm good with smart people or, failing that, not so smart people being smart enough to hire really smart people. Got all that? Good, you're smart."

That paragraph was the single most confusing thing I've read in a while. And I'm actually reading David Foster Wallace right now.

i think its a good practice to outline on the firm's blog why we make every investment

we've done that since we started our blog last year.

Rick, agreed. Per my response to another skeptic (the NYT in this case):

NYT: What does it say about the boom in social networking Web sites that the latest one to attract outside investors is devoted not to singles or indie bands but to dogs?

Response: Dogster’s had fifteen profitable months in a row and grew to nine employees purely out of internally generated cashflow. It says that the Internet Bust was an over-reaction just like the Internet Boom was. It says that the Internet is an efficient and profitable way to serve the needs of millions. It says cha-ching, baby.

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