Class Is in Session

Ex-Gambino Crime Family Associate Thinks Techies Could Learn From the Mafia Way

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Founders and venture capitalists may be meh on the value of a college education. But surely they have to appreciate the organization that goes into organized crime. After running his own crew as a Gambino family associate–and an eight-year stint in prison–Louis Ferrante turned from mafioso to motivational speaker. Now that his latest book, Mob Rules, has been released, peHUB’s Connie Loizos asked Mr. Ferrante how the advice therein might apply to start-up founders and VCs.

Is your partner at a VC constantly trying to one-up you? Mr. Ferrante suggests spending more time with them and trusting your instincts to figure if they’re going to rat you out. “You can also ask his neighbors, if you really want to know somebody,” he added with a laugh. Read More

Class Is in Session

Ask Josh Harris: Is My VC Two Timing Me?

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Dear Josh – The venture capital fund that led our last round just invested in a company that may compete for the same market. Does this mean our backers have lost confidence in us? We’ve been thinking about pivoting the company to refocus a bit. Would now be a good time for a strategic shift? And should we confront our investors about the potential conflict?

Sincerely, Sibling Rivalry Read More