This one has been amusing and intriguing me all week when I read in the local paper (how antiquated of me!) that local VC luminary Brad Feld had invested $25,000 to have naming rights to a bathroom at CU. http://dailycamera.com/news/2008/jan/25/cu-bathroom-gets-a-namesake/ . As he comments "Sometimes my best ideas have come to me while I'm in the bathroom, sitting on the toilet or taking a shower," Feld said. "It's a good time to reflect. It's a quiet moment."
It's also a good repository for the not so good ideas presented, plans submitted, and the 9 out of 10 that don’t make it post investment. Then I got wise to Mr. Feld’s ruse — VC’s like to get in early on things, they want new ideas that can scale. There is also a trend in web circles to re-position or recapitalize terms — a widget used to be mechanical device, now it’s a little screen item. Is Mr. Feld trying to take stake in Mr. Crapper's domain? Will my children’s children say to each that they have to take a "brad" or someone had the “brad kicked out of them”. Of course not. They’ll use IM where BR is Bathroom and AD is Another Day (Short for ADAD — Another Day Another Dollar). Kind of appropriate really.
Do check out Brad's blog, its pretty good. http://www.feld.com/blog/
- Martin
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