Founders Fund (Day One)
Posted: June 21st, 2009 | Author: Cory Levy | Filed under: Entrepreneurship | Tags: founders fund | CommentsSpending time at the Founders Fund has been great. I have had a blast and will continue to make the most out of it!
Let me briefly tell you about my first day. Justin Fishner-Wolfson (the guy who I am interning for) was in New York, so I arrived and met Ken, Luke, Brian, and Andrew. Andrew gave me a brief overview on the importance of accounting in both the venture and startup world. Through our two conversations that day, I learned that you have to know accounting when starting a company…with that said, I will definitely be taking classes on accounting in college.
I then heard a company (that will remain nameless) pitch to the Founders Fund. This particular company had a preexisting relationship with a couple of the people working at the Founders Fund. Relationships and having a strong team are key in the venture and startup world. One could say that most important part of a startup is arguably the team. The idea constantly evolves and changes…but the team will always be the same.