Jason Calacanis: belief

Transcript context

…She's now a great angel investor herself. Absolutely, yes. Just one of the great collaborators I ever had in my career. Long story short, I said listen, you're picking between Fred who's the up and coming hustler, who will work hard, but he’s East Coast. Fred would tell you to take Sequoia's money. But I think Fred is great too so I actually think it's a coin toss you can't lose. They were both struggling to get that deal. I think that gave me the credibility with Sequoia that they said Jason keeps sending us these great deals. There's many more companies now, Jason has this collaboration with Arrington for TechCrunch50 and they broke up. Now, he's doing this LAUNCH festival on his own. Roulouf came up with this idea, what if we raise like a $2, $3 million fund and we just gave everybody the ability to make $25,000, $50,000 checks. There was an issue of signalling back then where if Sequoia gave you money and they didn't give you the next round, your company was dead. That was the end of your company. Obviously, the check is do what you did and just raise your next round before anything even happens.…

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