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Rustic Canyon Speaks out on GaiKai Exit, Changing Nature of VC, LA Tech & More

Both Sides of the Table

Nate Redmond is the managing partner of Rustic Canyon Partners – he’s probably one of the youngest managing partners of a major fund you’ll meet. And no wonder, lately he and his partners are on a tear, investing out of their $200+ million VC fund. Hope you’re enjoying the show.

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Jason Returns to the 313 for Startup Grind Detroit on April 5th

Feld Thoughts

As many of you know, my partner Jason is from Detroit. He’s going back home for a special event and I encourage anyone near Detroit to go hang with him. Jason is returning to Detroit to sprinkle some of the wisdom he has learned along the way with the Detroitpreur startup community at Bamboo Detroit on April 5th from 6-8 pm.

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It's time for lean philanthropy: a case study

Startup Lessons Learned

Since then, in about 3 months, we’ve fed over 170,000 people and injected over $1mm into the local economy in San Francisco and Detroit. The model was simple: we’d build a SMS texting tool that matched the food insecure with a free meal from a partner restaurant, all covered by donor dollars.

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6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

Savorfull provides its Detroit, Michigan, business clients with a surprise mix of healthy, allergy-free (“free from”) snacks delivered straight to their offices for a small monthly fee. Initially my partner and I wanted to raise capital for a local services platform similar to ThumbTack or TaskRabbit,” says Check Maid co-founder, Alex Brola.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

Eric Paley , managing partner at Founder Collective , told me that they had implemented a city-wide program in Boston to help local university students get internships at local tech startups. The key is to be able to keep the best ones local. Seattle has GeekWire , LA has SoCalTech and so on. Local press matters.

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Why I Look for High Conviction, not Consensus, in Venture Capital Decisions

Both Sides of the Table

Often if it’s a bigger firm (say 4 partners or more) and it’s a super small investment for their fund size (let’s say $250-500k when they normally invest $5-7 million) they will just require 1 or 2 partners to decide. What happens next feels like a black box to outsiders. ” Some firms are collegiate.

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Detroit Free Press Marathon

Feld Thoughts

On Sunday, I finished the Detroit Marathon in 4:41:39. They ran with me in Detroit and it was super helpful to have them. The most exciting thing for me about the Detroit Marathon was that my partner Jason Mendelson completed his first marathon! I had a blast in Detroit from Friday until I left on Tuesday.

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