I wonder if he miscontrues the motive. Sure every VC wants to fund the next Google, Facebook, or even Instagram because like anyone rational they would like to get an insane return on their money.
And some of them will listen until you clearly aren't such a business and then tune you out.
But how is that any different from a developer who wants to be a kernel engineer and won't listen to any job offers for doing database development or network programming Etc? Sure it could be just as rewarding, and they could learn just as much. But at the end of the day, somewhere in their brain, they have this bit set that their self image is tied up with being a "kernel developer" not "the guy who built a mySQL killer."
The cautionary tale is to try to look at things that you internally value rather than things you think you should value.
A short anecdote; When I got my first stock in Sun Microsystems as part of the employee purchase program it just sat there. My advisor suggested, as most do, that I diversify a bit (We were talking something like 150 shares so it wasn't a big position :-). Anyway, they explained that investing in stocks that suddenly doubled, tripled, or quintupled in price was thrilling and sexy, but ultimately unpredictable. Whereas investing in stocks that moved up 5 - 15% and then selling them and investing in something else that moved up a few percent. Was like a ratchet. You took $1,000 and each month you tried to add 3 - 5% to it. That grew your investment slowly but surely. Not as sexy but a better long term strategy.
EDIT: To be more clear, the strategy my advisor uses is to make a number of small investments shooting for growth in each of them. That doesn't always pan out but having a number of bets in the pool gives a better over all return than a single big bet (which is what I was trying to communicate), getting 80% return on something is great, but 80% return on 1% of the total portfolio means it contributes .8% to the overall gain.
This is what all money managers do, and it isn't that every position ratchets up that month, or does so as much as you would like. Depending on the size of your portfolio you might have hundreds or thousands of different positions which are each their own little bet that this stock at this time is going to make this move. When you combine all of those various moves over time you can plot your rate of return on a global scale. Money markets or other mutual funds to the same thing only its not as visible, it rounds out to a number that appears once a month on your balance statement.
And some of them will listen until you clearly aren't such a business and then tune you out.
But how is that any different from a developer who wants to be a kernel engineer and won't listen to any job offers for doing database development or network programming Etc? Sure it could be just as rewarding, and they could learn just as much. But at the end of the day, somewhere in their brain, they have this bit set that their self image is tied up with being a "kernel developer" not "the guy who built a mySQL killer."
The cautionary tale is to try to look at things that you internally value rather than things you think you should value.
A short anecdote; When I got my first stock in Sun Microsystems as part of the employee purchase program it just sat there. My advisor suggested, as most do, that I diversify a bit (We were talking something like 150 shares so it wasn't a big position :-). Anyway, they explained that investing in stocks that suddenly doubled, tripled, or quintupled in price was thrilling and sexy, but ultimately unpredictable. Whereas investing in stocks that moved up 5 - 15% and then selling them and investing in something else that moved up a few percent. Was like a ratchet. You took $1,000 and each month you tried to add 3 - 5% to it. That grew your investment slowly but surely. Not as sexy but a better long term strategy.
EDIT: To be more clear, the strategy my advisor uses is to make a number of small investments shooting for growth in each of them. That doesn't always pan out but having a number of bets in the pool gives a better over all return than a single big bet (which is what I was trying to communicate), getting 80% return on something is great, but 80% return on 1% of the total portfolio means it contributes .8% to the overall gain.