The Angelsoft Blog - Latest Comments in David S. Rose interviewed by Tech Confidential on his NY investor ecosystem

Re: David S. Rose interviewed by Tech Confidential on his NY investor ecosystem

Rhody — Mon, 21 Jul 2008 17:15:37 -0000

Good pushback. Guess I've been hearing from too many disgruntled ex-inhabitants of the building. I agree and am a fan of the incubator model. Those are folks who are going to overlook a man-eating elevator, and be grateful to have a place in which they can pursue their dreams.

Re: David S. Rose interviewed by Tech Confidential on his NY investor ecosystem

innonate — Thu, 17 Jul 2008 14:28:37 -0000

Rather strange comment, Rhody, but glad the AngelSoft team doesn't feel the need to delete it.

As Evan said above, the building certainly has its character, but the working space is pretty lively and full of people who enjoy what they do.

Most people here are self-lead entrepreneurs (workers in their own sweatshops, I suppose), while the employees of companies here (from AngelSoft to PerformLine) work for the companies because they believe in their mission and enjoy it.

It's a highly competitive industry and City -- folks work here because they choose to!

Re: David S. Rose interviewed by Tech Confidential on his NY investor ecosystem

evbart — Thu, 17 Jul 2008 11:07:09 -0000

@Rhody I think we would all agree with you about the building. In particular the possessed man-eating elevator, but you've got to take into account its proximity to the Shake shack!

Sounds like you're a bit confused about whats happening here.

First, there's Angelsoft (where I work), and its definitely a first rate organization creating deal tracking software for early stage private equity investors (VCs, Angels, etc). We may be eager, but we are NOT recent college grads or MBAs working soley for equity.

Second, there's the incubator. These people run their own companies, and they choose to operate out of the incubator for a variety of reasons (share resources, being part of a startup community, etc)

Should you want to do some more reading on incubators, here's a few more:
http://www.plugandplayrealestate.com/
http://www.idealab.com/about_idealab/
http://ycombinator.com/

If you take issue with the incubator model or early stage investing, and want to discuss it, we'd love to hear your thoughts.

Re: David S. Rose interviewed by Tech Confidential on his NY investor ecosystem

Rhody — Wed, 16 Jul 2008 16:46:28 -0000

I've been to that building. It's a big dump, a 21st century high tech sweatshop. Rose gets a bunch of eager college grads or MBAs, pays them meager wages, and promises them getting shares in his various angel deals/scams.