The scene: it’s 8 am on a Thursday morning in a second-floor conference room in a building that’s barely been finished. China Basin, San Francisco, across the street from the ballpark. You, surprisingly awake yet bleary-eyed at the same time, are really just longing for that cup of Philz Coffee you didn’t have time to stop for on the way in. Two venture capitalists have acceded to showing up to talk to a bunch of starry-eyed entrepreneurs in the midst of the meltdown on Wall Street, perhaps to calm some nerves.
Twenty or so people fill the room. You go around the room to do introductions and see the contrasts among the assembled group. Some are doing hardware, some software. Some have funding already, some don’t. Those who don’t appear to be a bit more desperate than the others, surprise surprise.
Some have come from a couple blocks away in the startup hotbed known as South Park. Some have come from the South Bay, like yourself. Some have come from as far away as the other side of the country or around the world. Everybody has one thing in common, though: they love creating amazing new technology.
The message is clear: yes, investors are skittish about putting money in to companies right now, but no, they haven’t run out of funds to invest. The mood is, as our heroes on Wall Street might say, “cautiously optimistic”. Now is the time to innovate! Stop wasting capital and get with the amazingness!
The hour goes on, filled with more venture capital jargon than you can shake a stick at, and you can tell that maybe half the room has glazed over. The sense you get is that what really matters is having an incredible concept and an incredible team to bring that concept to fruition.
This is, of course, what we love for here in Silicon Valley: the chance to meet people who have really great ideas in their heads. People who have a chance to act on their ideas in a place where they can really effect something great. And honestly, nobody in the room is entirely worried, because great ideas live on, regardless of the current funding climate.
Eventually, you walk out of the room an hour and a half later, feeling inspired by the amount of excitement all around you, having made a few connections, ready for that cup of coffee a block over at Philz followed by the short one-hour trip back down to Mountain View.