Paul Graham: investor herdingEditor's Note: We have just talked about yesterday, Internet users herding, PaulGraham tempted today to talk about herding of investors. In simple terms, the impact of ordinary investors by other investors point of view is very deep. If they see 2015 Latest Nike Shoes someone starts a home for start-up companies sell themselves also tend to rush forward. If you see someone do anything, they themselves would come to a standstill. For most investors, the Popular Nike Force 1 Mens Black Pink Shoes largest component of view is the view of other investors. This is undoubtedly the exponential growth of know-how. An investor's investment will lead to other investors with the cast, and then led more investors, and so on. Inexperienced deep, founder of the mistaken belief that manipulation of these forces is the essence of financing. Investors flocked to start-ups that are a sign of success. But in fact, the two are not highly correlated. Instead, investors get together and have a lot of start-ups have been drained (in extreme cases, even partially positive as investors swarmed), but there is generally popular among investors when a number of very successful beginning of financing start-ups. Investors in other investors like you when you would prefer one of the reasons is that you become a better investment. Financing will reduce the risk of failure. Indeed, precisely because of Nike Air Max 95 this reason, you will be on the back of investors to improve their valuation. When those investors to Official Nike Air Force 1 Mens Blue White Shoes you when you have no money to invest to take more risks, naturally, we should get more in return. In addition, the company after financing will surely be more valuable. But be careful not asking too much, founder, otherwise it will eventually lead to denial investment angered investors. Investors prefer your second reason is that you have achieved a certain success go financing will make you more confident, and investors think of you is the cornerstone of their perception of your company. Founder often when investors learned that their own success to the rapidity of the funds of the thaw New Nike Air Force 1 Mens Red White Shoes was very surprised. Despite the fact that there is a lot of information transmission between investors, but in fact the most important thing is the founder himself. While investors often do not understand the technology, but they will Man. If the financing goes well, investors will soon be able to feel your confidence expanding. (Quietly to their own advantage, the founder of the ordinary Air Jordan Spizike often can not do this), but, frankly speaking, when you start financing investors prefer your most important reason is that they are not good at judging startups. This is true for even the best investors are also very difficult. Investors may only mediocre luck coin toss. So those mediocre investors saw that many people vote for you, they will think this is definitely a reason. Which led to the so-called Silicon Valley 'hot deal (hot demand),' in which investor interest has been more that you can not cope. The best investors will not be affected by other investors. They will use their own judgment to dilute the opinions of others. But in fact they will indirectly affect the interests of other investors. If you negotiate with an organization's progress, and sometimes it will lead to others (even including the good investors) decided to join in, so as not to lose a single. Unless you are negotiating the Wizards (if you are not sure if it is not), or have to be very Nike Air Max 90 VT careful, do not make decisions in order to convince good investor and exaggerated. Founder always resorted to these tactics, investors are very sensitive (if not allergic to it). But as long as you say is the fact that it is secure. If you talk to B investors have a long talk, but they tend to A, A wants to tell. Here there is no manipulation. Because you really had hope from A financing, but not done in the case of A decision you are afraid to take risks reject B's. But one thing, do not tell who is B. A For VC is not. But angels can sometimes be, because more of their mutual cooperation. However, if the VC asked, simply indicating that the VC would not want to disclose with whom you are talking about, so others will naturally wants. If they force you to do so, he said he had no experience (one hundred test accurate security card) for financing, that they must be careful. Despite the small number of start-ups will be of interest to those who come through the situation, but almost all start-ups will have experienced the opposite case, that is not on the sheep around. Investors view deeply influenced by other investors means more or less always start a little difficult. So when you feel for how difficult it is when the first investment, please do not despair, things are difficult, but this difficulty comes from external forces. The second tranche will be much easier. Unless noted, articles are original or compiled site, please indicate: articles from 36 Krypton