Ron Conway Speaks About Porches and Porsches

I had lunch with well-known angel investor Ron Conway recently and we had a lively discussion about a range of topics, including the venture business (better than ever!), innovation (better than better than ever!), monetizing video content on the Web (best of all!) and more.

Ron also had a bit to get off his chest about entrepreneurs getting signing bonuses from VCs eager to close a deal. I was, of course, shocked, shocked, shocked to find out VCs offered such Turkish delights to attract business. In this vein, Ron and I had a funny miscommunication about porches versus Porsches for start-ups. Bottom line: Just say no to both!

Check it out: