" The get go home show you sponsored by jangled. Welcome to the the dog show I'm home. And I enjoy this. And this week we have just come back from techcrunch forty conference. And we talked a whole bunch of people and over next. Few weeks have been going to roll out these interview some pretty interesting conversation great conversations we had you know let's discuss the big news of this for me enjoy it."

" The big news this week so that mark Zuckerberg CEO FaceBook. -- say ten million dollar fund that he's put together with excel that with excel partners and the founders fund. Ten million dollars -- is going to 225000. Dollar. Grants to companies that are doing these applications is not alone. This is not a funding to grants and all that they asked for is the right of first refusal for the first series and right -- interest in news he had."

" This is the interest being the case it actually puts pressure on other people who were doing similar FaceBook -- and it also creates. I have to say this more hype around the most type companies that value in fact. I think you're just beginning to. We know -- or greater dangerousness company that way. It they're doing."

" Very smart move though he's playing with other people's money it's actually not based -- escalates like it's it's like they're using the VC funds as corporate development arc and if the VC funds are willing to do it it's a smart move on on the company's part wrecked an and I think it it also puts pressure on the entire ecosystem. You could think of market changed speaking words seed funding for people that are doing -- looks but we often times forget that. The world of seed funding is not focused on just based apps so that small segment yes it's gonna a lot of pressure."

" Yeah but are -- Florida if other people start to do these kind of course which is basically. It's like going to oppose going to in a casino. On the -- able to say okay. These. This is like 50000 dollars to. Before you and -- the car is and how they anyway that when they give you the hotel room and ticket -- this is that it is your 15000 dollars I'm in the -- before you start of practice and this is sort. And this or human meaning if you can commodity taken to a hundred extreme. Ports a lot of pressure on me because."

" It does and I don't think necessarily -- thing I think it's smart companies are leveraging their their brands to really get people focusing on developing a -- I'd change the game before you speak just open up your API and let people develop on and that was. -- be revolutionary move right right now we're past that now not only to meet Patrick I card being give people money to build for you."

" I think you know I I laughed as he Marco -- from a -- to talk of our revenues cause this is great and -- and people talk a market ten billion valuation of 35 billion dollar rhetoric and wherever I want to know. How much money they're making because of right now to me it doesn't seem like. You know it is if you think unless they can show the enemy can money everything else changed. You know about it yet well let's talk about companies that are making money he had -- you know -- Yeah they are taken off 350 million dollars congratulations you have walked. Rather the good news is that they were -- then launched on ago I have a pretty good track record and -- article ten you can balance on exit. I thought they would get a -- 102 to one million dollars knocked -- fifty I mean why that was a pretty big -- Yahoo! bookmark them. And you know court for -- and who reaction carpet yesterday and before we discussed that lets you the media and get. Department that the Ehrenreich whose that I knew this. Mega millionaires in the rally they thought this company's number two. Yahoo! for 350 million dollars. Almost can -- When we --"

" Well you know we. We thought that one of the ways in which we gave him re accelerate our footprint. I want to keep up with the bigger companies who start out with a partnership. Arrangement and as he got talking. We felt that establishing aid. It trusted credible brand across the globe. That row that one video has now. You know combined with our innovation. And air desire to enter and enter new markets. I mean. These as media doing this accusation to enter the ISP market EU business market and the EU market rate and -- those markets. And so we felt that the combination won't it was a we do and I got back just isn't it's functional company sent out to. Not not an unnecessary and -- ever you know media reports out of course that -- media -- to -- them a lot and in other -- in his last two you know pick up on on on one or two companies and and and bashed around. In the communications. Space I think they have -- leadership position right I mean Dave gave me out and they'll announce with the air passenger in the mail platforms. And that's the division that you know did this is a means to strengthen their core. Offering in the communications division so now we felt that as far as that goes word entering eagle please -- there. Admitted he -- years it will mean. This is -- to compete with Google apps. Yes you can think of a market -- Yes absolutely. You're not taking your money -- act act act act act how humans that's the right thing to do. -- don't have either. Now here is used I mean. Did the money is made don't get me Iran. Money's good but there's also the desire to not. Abandons -- programs and risk customers were are the -- nations -- done. We want to go across the world him core footprint from being mean to nine. Boxes. That we didn't Austin you know what went -- At work and they do it and show it to you -- and you make I didn't think I -- and it put -- public that he -- been that -- company apps you -- gone public and -- much bigger company was you know I was eight you know we were doing pretty well and that there was no. Compelling reason to who exited as we look at this for us the run and had this to us at this point. However we felt that you know given. Given. What the next you know going public over the next four years what what sort of sort of just -- in order to make that happen felt that this partnership would. You know and allow us to grow the footprint quicker and that's what I'm using -- I have to get a -- isn't it like -- it yet."

" Buck -- guy is animated going to think. Definitely like I was giving them a hard time but I still believe that he they were -- buyers and Yahoo! because I think. At this point of Yahoo! is its -- dysfunction company."

" Thinking I have to say carrying is coming out. In his hundred days a lot of acquisitions there's been more and an activity around Yahoo! in the past few months -- don't see don't confuse activity for action. Don't confuse activity around that's your we will we have to wait and see how these acquisitions and integrate the --"

" Sterling -- apartheid that is due in Myanmar have issues Yahoo! ads. I am. Email less you know positive on them and -- six months ago -- are busy in -- acquisitions they may I actually get even less confident of our. Yahoo!'s ability to actually come back seeking to overpaying in their credit August I don't care about whether they're overpaying they're not they're not fixing. -- donations. And -- you know they're buying new funny right it's kinda late -- That doesn't work we'll see -- pans out and today that we have a great guests will be talking to wrestle it -- that day and he's going to be talking about you know seed funding to make collar work. So it's -- be right back with Jeff cloud VA from -- Hey welcome back to the GigaOM show arm on -- Joyce and me talking to -- navigate. Mr. soft tech we see welcome -- and."

" A summit is a pleasure to be here and the huge -- you guys so it's -- please keep them actually coming it's gonna help you get Margaret today. Just today. I -- That was just OK you're looking good is ever since -- you like it has years ago everyday better and better not believe you I don't know for sure he's seen it yet."

" Yes yes yes I have some news announce. I've been an Angel. Helpful for years -- and in all of investing in out its products. On the -- to a -- my own money one for them and it's -- media and interest ride I've been productions and five goes in the -- wants to. And you know political us. Remarks an interest in -- about a few people took about. Cream together on and since I didn't want to fund raise but Republican raising heading home from what's really interesting that's what I've done so formed so take two which is at twelve million dollar bond that would invest in the years in -- reported. Early stage on through Internet company. -- stayed in the -- for us and what within that they weren't. So today we're announcing the first. For investments. That that -- on. So the -- Spaces in which and that's our search and discovery and goes -- so all in my -- discovery. Social and community and aunts and her two weeks that recent with -- with the funds being. Yup in their -- huge industry energy industry and the casual gaming it's just you know something which is booming. And political advertising should be good old -- going to social networks and web -- and the right thing. And we need you know new solutions to me -- better and that's what the fund investing so to a investments that I'm announcing social get a column and I -- these are human eyes and place. And two others are -- so. -- sort of a new Warren will. And yet -- third one is both is satisfaction which is people -- customer support from the -- So we are excited."

" And I are actually -- playing with other people's money. Yes it looks like my my own is -- there was some some and August and who is the fund now."

" So I've been redirected to have. Great mix of institutional. Investors. So into investors. You know -- Allman. John -- Welcome bank of was an oxygen -- those guys companies -- public elected so another communion at the angels. Return as well have you know a few folks -- been instrumental -- building -- them and also have to institutional north -- and --"

" going to be so now that you have less official on going on how you're. Process to change used to mean banning all the deals formally have a team of people -- though it's it's easy if you are single GP."

" Sort of structure where its fuel needs fuel the same process where you don't. Back good you weren't that you referenced -- and a few things to figure out whether what I -- that tells me is quite wrong. But you don't understand investing is an art and science there is for -- we know about. You all potential market potential truck and went Wii users are treated well -- team to elect themed glow like. The part of that guilt or outlook guilt and you know across the fielder is such now with -- to companies that. Even if I don't know what goes you know 25 to 2000. You know whether his interest in the off and so. Well shaped mud in the strategists say will you 200000. Dollars operate for a deal ranging from 100000 apartment."

" Right okay so one that. Things which are so that it techcrunch forty conference view of that yesterday of course. Is that you know growth need two companies. Are also coming into space. I'm not gonna pick means and say this one yet back -- but you'd get a sense that. You know the early stages of that movement everything brand new. Meaning you -- companies like you know. President acoustics are are are opposed to -- whoever they were actually interest in new products and now means team. Thirteen to become repetitive and it to -- you know fix it and I would expect providing -- that you have this one now."

" So. -- that's true back movie mysteries. That deals from mid 2004 and recently. And politics -- religion and but in November us. Okay formal break just because they don't always getting. Out of -- who is incremental. Of improvements nothing interesting. And decided to around new and new strategies for apple and its corporate default title game. Which -- in congregate. Which is just a end with the ball on post investing race result quality pre -- all know that the groups -- you know gripping the country but it's just shows that there obstruction in contrast. And you know numbers and look you are using -- minutes per. Great. So there is definitely pocket. You. You know patient and work hard finding a route you are going to think that it will. However you cut or you'll space where. Jewish video hosting solutions wherever you John movement. So this is where -- conducted -- and accurately. Manage to sports -- exploding with. -- well but once again to help. -- advertisers that want to get people. To -- that's what. So I think that if you figure out what you'll investment strategy is from the standpoint of types of futures surged to offer annual for quite -- that is a -- pay to get in both. -- It's for your case where adults. And human. And -- outside fiction conventions. What machine even in my. Both also you know you -- Reflects what it is or and number X you know racial."

" Right here this is one thing which is. -- your strategy is clearly that -- ratings singles and albums -- it. You know are looking for the homer. Right it seems like. You're saying if if -- do singles and doubles I'm actually going to have a Gert you know on base percentage arms. You know paying less -- them you know making more money is. But that was the philosophy from 20032006. We seem to have Brevard and all that in 2007 -- other. -- you're just paying out so much premium or do you sweet charm. Are questionable to say."

" So what a couple of comments. I think that I want to you don't feel that your singles and doubles but -- that's the -- you call deal can be just as quickly at all to do so just invest you know the -- company to get to the next level. In that might you know. -- number of -- on that might want to auto commitment signing on the issues and distributions. That things. You know -- can get that station that you will most likely raise. Except that the future cases you have one of these. Yeah companies more than others like it. That. Was. The center so and talked and bonds -- but -- to get the team and the which is an interesting in the treaty. Something that we expect huge yeah. And so all a bunch of nontraditional -- requires -- might have him acquisitions or just keep your -- and the goal is to -- Antoine and -- with small footprint and younger and achieved because you don't look for companies. It's it's it's difficult to figure out what is to right size for -- enable the option."

" Let's talk about the economics of it -- that nutritional east -- he's a million dollar around that work. Basically convert nobody opened up for -- and nice he changed it. You see a lot of Angel investors especially seasoned investors pushing for pricing out -- keep funding the team. You know half a million dollar series -- that are right. How do you feel that's how will you be looking at new deals in your fundamentally when the present them out or are you guys -- open to convert."

" So I want you to -- verbal notes if my. Both arms twisted had a choice I much prefer. Writes well you know what and that's where is all record the best and investors' -- And we've been pricing deals. -- News trampled -- a must have done for."

" And if you're. Putting it under million dollars in a 100000 to half a million in these very area companies and what how do you about."

" So it. I mean almost never go so let's say that I am putting into future. Most let -- you know this standard of these days -- much less. Can happen for very stakes you just say hackers go on in that case actually. Because you know this you know from -- first off and off. Up. Dover sort of -- broader deal these days is like you know a million dollar in the where Iran. Read true for troops and arms fire. And I would do. Percent of that or half of that and bring in other investors as -- great show risk but also apple -- grip on. First around Europe for round two adventurers on the two adapting and help. Because what you're reviews indicate which is most able to support. The company and its mutual growth in recruiting. Finding the right resources right complex. -- and prevent apple. And then it will also bring him you know which handles the tunnels would use it so we'll just don't sit down evidence that okay this is the deal once what was good -- which are just comes -- in -- real competition which is not a case. Where. There is just now. The notion that -- won't most likely. You know what million dollars in the -- and therefore there will have to take it and create a situation where that."

" Angels at each other better. Tell us it's. Let's talk about that one of the things which are often hear from. From fourth time on and -- that it is very hard to figure Armitage is. I'm -- a minute. You let you know part of the guys can't view them them. Guessing I'd like in my situation. Heart -- you'd have to comment when you need to raise or -- should expect. -- you know homage. Off the -- note interest. You know heart and your business and the day but it Hamachi you that this is --"

" So. That is critical -- first what I do. All it is not so socializing. So people coming in with you know ha -- whether a moon in the beginnings of -- team. The concept. -- to go to market and is that look this is what I'm thinking of doing. Give me something back and trying to be helpful and then look. You know what I like it is actual recordings and yet -- existing -- come back on what goes. I've met my view is that the -- That sucks. And this is why and this is where the laws and the thing that up pretend everything is based on the you know -- Mike -- of investing opening. Minute and not investing that's on. And so I can help entrepreneurs create -- Alton you know the concept the mole the market that it was that he wasn't with an animal -- that. My thoughts on him among the races -- retreat and you get the next level but -- smile and geez you know. I need I know 800 dollars and what you want to send back and have some corruption -- raising so. Written or raise -- and then the vibration for example that you that we can all have a win win situation like. It hurt counterpart signed that deal nation. Because we -- and pollute. For the long holes supposedly. What effect you know we're gonna work together for five years and every machine. And it -- but process that. I."

" a random rumor on the people change the valuation the company depending on the number of founders just so that they can maintain its when when balance. And you actually tend to see increased valuation when there's 34 -- the host to the one to -- model."

" tree. I think that you know. Well we're all in all business so we know what the word vulnerability -- and so you know we're trying and look at you changed as a whole including on team and hope -- the funding needs is that a factor that that increases the federation. But don't say that because you have fight on there you get. To it."

" Now the focus that is what is the fair valuation right now partisanship consumer Internet company. I don't want distinguish between that role or something you're right what they what is the good cream I mean. Valuation for seat farm teach stage company."

" I would say -- brief five you know anywhere from read through. Four is a good federation of you know if -- cases I paid you know -- more than that it two."

" Right the dark side you are doing -- a problem -- print your valuation is let's say ten million dollars Florida's. I work hard as it prevent you from doing things in the future."

" Well I think that prevents you from doing anything is you don't want to take about immigration and so want to restore and the 35 raised in. -- Goal communion I don't want to get more than 20% open on the company out of that state because the next you know this. Want to take a sad that so what you which ones don't look at you'll financing. -- you -- you know -- you know it's gonna pick -- But in dollars or ten dollars to get. The you'll go to the stage where -- might steal. But you know what you and you figure out what is Nick Cole -- stage which -- have like 155. That you. And you're trying to grow worldwide operations. That that that's what would make people work and what will be the -- and -- at around 10%."

" If you want 10% of the company. And -- good that's a pretty good. At what you -- state artists and."

" So. Because of the creation of European pool is it technical. -- chief what I tell callers that. Yeah well we'll end up with about 40% -- Let's take a investors. Who -- side so it will be left -- the the founders. And then you know. You'll another up and that. So those guys -- 35. But let you know I want to point -- that each and every thought is hanging and he can now import them because you get that deal that you -- either but. In some cases raising a ton of money and getting -- emotion from the get ego might the solution for you to get to that's you know and."

" Great -- I'm just trying to get of their playbook action advocates. There's a lot of post time guys who don't know and there's nobody to tell them where is the right market this is just the yardstick right not --"

" And and the right amount. And the right federation and he's back is base which is why I always say. -- people like like -- has been slow. -- This is what makes you just see it -- that."

" I think president didn't even need for Iraq."

" And I really thing important to do though I think it was also asked their attorney is right for us as we the deals that we actually see what the final signing prices and we -- not. Message on. Her side or the BC -- we'll tell you what we see. That he's he's announcing a new funds from that is not because -- so that might emirates is trying to become."

" And I think yeah you might moderates who -- a -- make a point my mom got the final sprint and I can't tell because is that it is -- desire of a position prices that wouldn't we were never disclosed what and you have fun so to the paper losses. For the good good bought the line and -- and I'm I'm happy to keep succeeding because if I remember you that's on the -- and -- out. I haven't yet where's my vote -- the W home. Right. Okay but look at what happened in new fine thank you so much in it don't compete in those guys. -- review of Barack often."

" Hey welcome back an hour of your feedback -- we have some interest and stuff."

" Yeah we have one of our warm. -- Really good job on the episode very interesting I can't believe you actually got him to jumper on on the couch the only thing that would be -- of course right. The only thing I would like to know that can it was our cast -- right. What's always take on these going public is a good idea or is it not going -- as much interest everybody speculating I think this I know that earlier you're getting mail and general -- how can unite this."

" they gonna go public they're going to hurt some mad money valuation. By association -- you know the question to Ross is like how are really kids how much money they're making. -- bar advertising revenues they're getting -- kind of you know so if they do -- on I would love to spend time on it I didn't do retain that I think the hype is gone are controlled head. And I think people attention about this company's too much."

" You think they -- companies doing too good of a job or now is in a badge -- and unable to temper people's expectations."

" I think you know the the I don't know if they're yet people that do anything -- there's just. The Silicon Valley you know. Mob mentality has just like -- onto existing anything is on the beat its Anemia and I I. You know I'm I'm gonna go art and -- and you know say that you know press let's let -- carefully. I think this is getting insane I mean asking. Such crazy behavior before so that is where I mean as far as the ideas and so I'm definitely going to happen. You know whether it's can be you know forty -- I don't know our partners and announced to predict -- out there I mean there's people looking to buy frosts me start. So. In that can happen this is at -- you know has some -- Right here. It animate you can get them I'm not. I'm an -- are announcing I'm not a fan of -- I'm not -- on not a -- I might go off -- marriage is not my job to be back right I'm just questioning how -- you know they can talk Edmonton. Hype may be ordered case. That's -- number because you've -- on decorate. Those numbers out in. You know why buy me one announcement rather than. Me more factual and number. And a reluctance either mark marks."

" Right let's see some numbers. And then I guess what we're doing is he'll be rolling in over the next few weeks a few more on injuries from the techcrunch conference 'cause we got some great stuff that we know that you'll want to see. And in the meantime please continue to email us back. Any comments that you have any questions or feedback. Acting go home at revision3.com. And be be back next week -- and today."

" Support for the -- got home she -- he's provided by jangled."

" The get go home show you sponsored by jangled. Welcome to the the dog show I'm home. And I enjoy this. And this week we have just come back from techcrunch forty conference. And we talked a whole bunch of people and over next. Few weeks have been going to roll out these interview some pretty interesting conversation great conversations we had you know let's discuss the big news of this for me enjoy it."

" The big news this week so that mark Zuckerberg CEO FaceBook. -- say ten million dollar fund that he's put together with excel that with excel partners and the founders fund. Ten million dollars -- is going to 225000. Dollar. Grants to companies that are doing these applications is not alone. This is not a funding to grants and all that they asked for is the right of first refusal for the first series and right -- interest in news he had."

" This is the interest being the case it actually puts pressure on other people who were doing similar FaceBook -- and it also creates. I have to say this more hype around the most type companies that value in fact. I think you're just beginning to. We know -- or greater dangerousness company that way. It they're doing."

" Very smart move though he's playing with other people's money it's actually not based -- escalates like it's it's like they're using the VC funds as corporate development arc and if the VC funds are willing to do it it's a smart move on on the company's part wrecked an and I think it it also puts pressure on the entire ecosystem. You could think of market changed speaking words seed funding for people that are doing -- looks but we often times forget that. The world of seed funding is not focused on just based apps so that small segment yes it's gonna a lot of pressure."

" Yeah but are -- Florida if other people start to do these kind of course which is basically. It's like going to oppose going to in a casino. On the -- able to say okay. These. This is like 50000 dollars to. Before you and -- the car is and how they anyway that when they give you the hotel room and ticket -- this is that it is your 15000 dollars I'm in the -- before you start of practice and this is sort. And this or human meaning if you can commodity taken to a hundred extreme. Ports a lot of pressure on me because."

" It does and I don't think necessarily -- thing I think it's smart companies are leveraging their their brands to really get people focusing on developing a -- I'd change the game before you speak just open up your API and let people develop on and that was. -- be revolutionary move right right now we're past that now not only to meet Patrick I card being give people money to build for you."

" I think you know I I laughed as he Marco -- from a -- to talk of our revenues cause this is great and -- and people talk a market ten billion valuation of 35 billion dollar rhetoric and wherever I want to know. How much money they're making because of right now to me it doesn't seem like. You know it is if you think unless they can show the enemy can money everything else changed. You know about it yet well let's talk about companies that are making money he had -- you know -- Yeah they are taken off 350 million dollars congratulations you have walked. Rather the good news is that they were -- then launched on ago I have a pretty good track record and -- article ten you can balance on exit. I thought they would get a -- 102 to one million dollars knocked -- fifty I mean why that was a pretty big -- Yahoo! bookmark them. And you know court for -- and who reaction carpet yesterday and before we discussed that lets you the media and get. Department that the Ehrenreich whose that I knew this. Mega millionaires in the rally they thought this company's number two. Yahoo! for 350 million dollars. Almost can -- When we --"

" Well you know we. We thought that one of the ways in which we gave him re accelerate our footprint. I want to keep up with the bigger companies who start out with a partnership. Arrangement and as he got talking. We felt that establishing aid. It trusted credible brand across the globe. That row that one video has now. You know combined with our innovation. And air desire to enter and enter new markets. I mean. These as media doing this accusation to enter the ISP market EU business market and the EU market rate and -- those markets. And so we felt that the combination won't it was a we do and I got back just isn't it's functional company sent out to. Not not an unnecessary and -- ever you know media reports out of course that -- media -- to -- them a lot and in other -- in his last two you know pick up on on on one or two companies and and and bashed around. In the communications. Space I think they have -- leadership position right I mean Dave gave me out and they'll announce with the air passenger in the mail platforms. And that's the division that you know did this is a means to strengthen their core. Offering in the communications division so now we felt that as far as that goes word entering eagle please -- there. Admitted he -- years it will mean. This is -- to compete with Google apps. Yes you can think of a market -- Yes absolutely. You're not taking your money -- act act act act act how humans that's the right thing to do. -- don't have either. Now here is used I mean. Did the money is made don't get me Iran. Money's good but there's also the desire to not. Abandons -- programs and risk customers were are the -- nations -- done. We want to go across the world him core footprint from being mean to nine. Boxes. That we didn't Austin you know what went -- At work and they do it and show it to you -- and you make I didn't think I -- and it put -- public that he -- been that -- company apps you -- gone public and -- much bigger company was you know I was eight you know we were doing pretty well and that there was no. Compelling reason to who exited as we look at this for us the run and had this to us at this point. However we felt that you know given. Given. What the next you know going public over the next four years what what sort of sort of just -- in order to make that happen felt that this partnership would. You know and allow us to grow the footprint quicker and that's what I'm using -- I have to get a -- isn't it like -- it yet."

" Buck -- guy is animated going to think. Definitely like I was giving them a hard time but I still believe that he they were -- buyers and Yahoo! because I think. At this point of Yahoo! is its -- dysfunction company."

" Thinking I have to say carrying is coming out. In his hundred days a lot of acquisitions there's been more and an activity around Yahoo! in the past few months -- don't see don't confuse activity for action. Don't confuse activity around that's your we will we have to wait and see how these acquisitions and integrate the --"

" Sterling -- apartheid that is due in Myanmar have issues Yahoo! ads. I am. Email less you know positive on them and -- six months ago -- are busy in -- acquisitions they may I actually get even less confident of our. Yahoo!'s ability to actually come back seeking to overpaying in their credit August I don't care about whether they're overpaying they're not they're not fixing. -- donations. And -- you know they're buying new funny right it's kinda late -- That doesn't work we'll see -- pans out and today that we have a great guests will be talking to wrestle it -- that day and he's going to be talking about you know seed funding to make collar work. So it's -- be right back with Jeff cloud VA from -- Hey welcome back to the GigaOM show arm on -- Joyce and me talking to -- navigate. Mr. soft tech we see welcome -- and."

" A summit is a pleasure to be here and the huge -- you guys so it's -- please keep them actually coming it's gonna help you get Margaret today. Just today. I -- That was just OK you're looking good is ever since -- you like it has years ago everyday better and better not believe you I don't know for sure he's seen it yet."

" Yes yes yes I have some news announce. I've been an Angel. Helpful for years -- and in all of investing in out its products. On the -- to a -- my own money one for them and it's -- media and interest ride I've been productions and five goes in the -- wants to. And you know political us. Remarks an interest in -- about a few people took about. Cream together on and since I didn't want to fund raise but Republican raising heading home from what's really interesting that's what I've done so formed so take two which is at twelve million dollar bond that would invest in the years in -- reported. Early stage on through Internet company. -- stayed in the -- for us and what within that they weren't. So today we're announcing the first. For investments. That that -- on. So the -- Spaces in which and that's our search and discovery and goes -- so all in my -- discovery. Social and community and aunts and her two weeks that recent with -- with the funds being. Yup in their -- huge industry energy industry and the casual gaming it's just you know something which is booming. And political advertising should be good old -- going to social networks and web -- and the right thing. And we need you know new solutions to me -- better and that's what the fund investing so to a investments that I'm announcing social get a column and I -- these are human eyes and place. And two others are -- so. -- sort of a new Warren will. And yet -- third one is both is satisfaction which is people -- customer support from the -- So we are excited."

" And I are actually -- playing with other people's money. Yes it looks like my my own is -- there was some some and August and who is the fund now."

" So I've been redirected to have. Great mix of institutional. Investors. So into investors. You know -- Allman. John -- Welcome bank of was an oxygen -- those guys companies -- public elected so another communion at the angels. Return as well have you know a few folks -- been instrumental -- building -- them and also have to institutional north -- and --"

" going to be so now that you have less official on going on how you're. Process to change used to mean banning all the deals formally have a team of people -- though it's it's easy if you are single GP."

" Sort of structure where its fuel needs fuel the same process where you don't. Back good you weren't that you referenced -- and a few things to figure out whether what I -- that tells me is quite wrong. But you don't understand investing is an art and science there is for -- we know about. You all potential market potential truck and went Wii users are treated well -- team to elect themed glow like. The part of that guilt or outlook guilt and you know across the fielder is such now with -- to companies that. Even if I don't know what goes you know 25 to 2000. You know whether his interest in the off and so. Well shaped mud in the strategists say will you 200000. Dollars operate for a deal ranging from 100000 apartment."

" Right okay so one that. Things which are so that it techcrunch forty conference view of that yesterday of course. Is that you know growth need two companies. Are also coming into space. I'm not gonna pick means and say this one yet back -- but you'd get a sense that. You know the early stages of that movement everything brand new. Meaning you -- companies like you know. President acoustics are are are opposed to -- whoever they were actually interest in new products and now means team. Thirteen to become repetitive and it to -- you know fix it and I would expect providing -- that you have this one now."

" So. -- that's true back movie mysteries. That deals from mid 2004 and recently. And politics -- religion and but in November us. Okay formal break just because they don't always getting. Out of -- who is incremental. Of improvements nothing interesting. And decided to around new and new strategies for apple and its corporate default title game. Which -- in congregate. Which is just a end with the ball on post investing race result quality pre -- all know that the groups -- you know gripping the country but it's just shows that there obstruction in contrast. And you know numbers and look you are using -- minutes per. Great. So there is definitely pocket. You. You know patient and work hard finding a route you are going to think that it will. However you cut or you'll space where. Jewish video hosting solutions wherever you John movement. So this is where -- conducted -- and accurately. Manage to sports -- exploding with. -- well but once again to help. -- advertisers that want to get people. To -- that's what. So I think that if you figure out what you'll investment strategy is from the standpoint of types of futures surged to offer annual for quite -- that is a -- pay to get in both. -- It's for your case where adults. And human. And -- outside fiction conventions. What machine even in my. Both also you know you -- Reflects what it is or and number X you know racial."

" Right here this is one thing which is. -- your strategy is clearly that -- ratings singles and albums -- it. You know are looking for the homer. Right it seems like. You're saying if if -- do singles and doubles I'm actually going to have a Gert you know on base percentage arms. You know paying less -- them you know making more money is. But that was the philosophy from 20032006. We seem to have Brevard and all that in 2007 -- other. -- you're just paying out so much premium or do you sweet charm. Are questionable to say."

" So what a couple of comments. I think that I want to you don't feel that your singles and doubles but -- that's the -- you call deal can be just as quickly at all to do so just invest you know the -- company to get to the next level. In that might you know. -- number of -- on that might want to auto commitment signing on the issues and distributions. That things. You know -- can get that station that you will most likely raise. Except that the future cases you have one of these. Yeah companies more than others like it. That. Was. The center so and talked and bonds -- but -- to get the team and the which is an interesting in the treaty. Something that we expect huge yeah. And so all a bunch of nontraditional -- requires -- might have him acquisitions or just keep your -- and the goal is to -- Antoine and -- with small footprint and younger and achieved because you don't look for companies. It's it's it's difficult to figure out what is to right size for -- enable the option."

" Let's talk about the economics of it -- that nutritional east -- he's a million dollar around that work. Basically convert nobody opened up for -- and nice he changed it. You see a lot of Angel investors especially seasoned investors pushing for pricing out -- keep funding the team. You know half a million dollar series -- that are right. How do you feel that's how will you be looking at new deals in your fundamentally when the present them out or are you guys -- open to convert."

" So I want you to -- verbal notes if my. Both arms twisted had a choice I much prefer. Writes well you know what and that's where is all record the best and investors' -- And we've been pricing deals. -- News trampled -- a must have done for."

" And if you're. Putting it under million dollars in a 100000 to half a million in these very area companies and what how do you about."

" So it. I mean almost never go so let's say that I am putting into future. Most let -- you know this standard of these days -- much less. Can happen for very stakes you just say hackers go on in that case actually. Because you know this you know from -- first off and off. Up. Dover sort of -- broader deal these days is like you know a million dollar in the where Iran. Read true for troops and arms fire. And I would do. Percent of that or half of that and bring in other investors as -- great show risk but also apple -- grip on. First around Europe for round two adventurers on the two adapting and help. Because what you're reviews indicate which is most able to support. The company and its mutual growth in recruiting. Finding the right resources right complex. -- and prevent apple. And then it will also bring him you know which handles the tunnels would use it so we'll just don't sit down evidence that okay this is the deal once what was good -- which are just comes -- in -- real competition which is not a case. Where. There is just now. The notion that -- won't most likely. You know what million dollars in the -- and therefore there will have to take it and create a situation where that."

" Angels at each other better. Tell us it's. Let's talk about that one of the things which are often hear from. From fourth time on and -- that it is very hard to figure Armitage is. I'm -- a minute. You let you know part of the guys can't view them them. Guessing I'd like in my situation. Heart -- you'd have to comment when you need to raise or -- should expect. -- you know homage. Off the -- note interest. You know heart and your business and the day but it Hamachi you that this is --"

" So. That is critical -- first what I do. All it is not so socializing. So people coming in with you know ha -- whether a moon in the beginnings of -- team. The concept. -- to go to market and is that look this is what I'm thinking of doing. Give me something back and trying to be helpful and then look. You know what I like it is actual recordings and yet -- existing -- come back on what goes. I've met my view is that the -- That sucks. And this is why and this is where the laws and the thing that up pretend everything is based on the you know -- Mike -- of investing opening. Minute and not investing that's on. And so I can help entrepreneurs create -- Alton you know the concept the mole the market that it was that he wasn't with an animal -- that. My thoughts on him among the races -- retreat and you get the next level but -- smile and geez you know. I need I know 800 dollars and what you want to send back and have some corruption -- raising so. Written or raise -- and then the vibration for example that you that we can all have a win win situation like. It hurt counterpart signed that deal nation. Because we -- and pollute. For the long holes supposedly. What effect you know we're gonna work together for five years and every machine. And it -- but process that. I."

" a random rumor on the people change the valuation the company depending on the number of founders just so that they can maintain its when when balance. And you actually tend to see increased valuation when there's 34 -- the host to the one to -- model."

" tree. I think that you know. Well we're all in all business so we know what the word vulnerability -- and so you know we're trying and look at you changed as a whole including on team and hope -- the funding needs is that a factor that that increases the federation. But don't say that because you have fight on there you get. To it."

" Now the focus that is what is the fair valuation right now partisanship consumer Internet company. I don't want distinguish between that role or something you're right what they what is the good cream I mean. Valuation for seat farm teach stage company."

" I would say -- brief five you know anywhere from read through. Four is a good federation of you know if -- cases I paid you know -- more than that it two."

" Right the dark side you are doing -- a problem -- print your valuation is let's say ten million dollars Florida's. I work hard as it prevent you from doing things in the future."

" Well I think that prevents you from doing anything is you don't want to take about immigration and so want to restore and the 35 raised in. -- Goal communion I don't want to get more than 20% open on the company out of that state because the next you know this. Want to take a sad that so what you which ones don't look at you'll financing. -- you -- you know -- you know it's gonna pick -- But in dollars or ten dollars to get. The you'll go to the stage where -- might steal. But you know what you and you figure out what is Nick Cole -- stage which -- have like 155. That you. And you're trying to grow worldwide operations. That that that's what would make people work and what will be the -- and -- at around 10%."

" If you want 10% of the company. And -- good that's a pretty good. At what you -- state artists and."

" So. Because of the creation of European pool is it technical. -- chief what I tell callers that. Yeah well we'll end up with about 40% -- Let's take a investors. Who -- side so it will be left -- the the founders. And then you know. You'll another up and that. So those guys -- 35. But let you know I want to point -- that each and every thought is hanging and he can now import them because you get that deal that you -- either but. In some cases raising a ton of money and getting -- emotion from the get ego might the solution for you to get to that's you know and."

" Great -- I'm just trying to get of their playbook action advocates. There's a lot of post time guys who don't know and there's nobody to tell them where is the right market this is just the yardstick right not --"

" And and the right amount. And the right federation and he's back is base which is why I always say. -- people like like -- has been slow. -- This is what makes you just see it -- that."

" I think president didn't even need for Iraq."

" And I really thing important to do though I think it was also asked their attorney is right for us as we the deals that we actually see what the final signing prices and we -- not. Message on. Her side or the BC -- we'll tell you what we see. That he's he's announcing a new funds from that is not because -- so that might emirates is trying to become."

" And I think yeah you might moderates who -- a -- make a point my mom got the final sprint and I can't tell because is that it is -- desire of a position prices that wouldn't we were never disclosed what and you have fun so to the paper losses. For the good good bought the line and -- and I'm I'm happy to keep succeeding because if I remember you that's on the -- and -- out. I haven't yet where's my vote -- the W home. Right. Okay but look at what happened in new fine thank you so much in it don't compete in those guys. -- review of Barack often."

" Hey welcome back an hour of your feedback -- we have some interest and stuff."

" Yeah we have one of our warm. -- Really good job on the episode very interesting I can't believe you actually got him to jumper on on the couch the only thing that would be -- of course right. The only thing I would like to know that can it was our cast -- right. What's always take on these going public is a good idea or is it not going -- as much interest everybody speculating I think this I know that earlier you're getting mail and general -- how can unite this."

" they gonna go public they're going to hurt some mad money valuation. By association -- you know the question to Ross is like how are really kids how much money they're making. -- bar advertising revenues they're getting -- kind of you know so if they do -- on I would love to spend time on it I didn't do retain that I think the hype is gone are controlled head. And I think people attention about this company's too much."

" You think they -- companies doing too good of a job or now is in a badge -- and unable to temper people's expectations."

" I think you know the the I don't know if they're yet people that do anything -- there's just. The Silicon Valley you know. Mob mentality has just like -- onto existing anything is on the beat its Anemia and I I. You know I'm I'm gonna go art and -- and you know say that you know press let's let -- carefully. I think this is getting insane I mean asking. Such crazy behavior before so that is where I mean as far as the ideas and so I'm definitely going to happen. You know whether it's can be you know forty -- I don't know our partners and announced to predict -- out there I mean there's people looking to buy frosts me start. So. In that can happen this is at -- you know has some -- Right here. It animate you can get them I'm not. I'm an -- are announcing I'm not a fan of -- I'm not -- on not a -- I might go off -- marriage is not my job to be back right I'm just questioning how -- you know they can talk Edmonton. Hype may be ordered case. That's -- number because you've -- on decorate. Those numbers out in. You know why buy me one announcement rather than. Me more factual and number. And a reluctance either mark marks."

" Right let's see some numbers. And then I guess what we're doing is he'll be rolling in over the next few weeks a few more on injuries from the techcrunch conference 'cause we got some great stuff that we know that you'll want to see. And in the meantime please continue to email us back. Any comments that you have any questions or feedback. Acting go home at revision3.com. And be be back next week -- and today."

" Support for the -- got home she -- he's provided by jangled."