Happy Halloween Everyone!
Hard to believe it’s been only four months since we launched the Bing Fund at Microsoft! I’m really happy with our progress, our team is fantastic… Check out our interview on the Huffington Post below. Also make sure you visit www.bing.com today to check out the animated haunted house!
When you are building your company, you always end up facing that one hardest thing, or a myriad of hardest things. Every founder has experienced it, and if they haven’t, they really haven’t been a founder.
At a recent event that gathered some of the top Silicon Valley innovators to talk about their failures, I dove into the hardest things Bing Fund general manager Rahul Sood has ever experienced.
The Bing Fund was recently created by Microsoft to serve as an angel investor for young start-ups looking to work in a few areas of the web.
A high school protégé interested in gaming, Bing Fund general manager Rahul Sood developed VoodooPC machines, the first liquid-cooled PCs, with an eye of making the best PCs on the planet. In a nutshell, they were bought — he turned down Michael Dell, who called him and emailed him personally — and joined HP. But, as he told a crowd gathered at FailCon in San Francisco on Tuesday, he takes responsibility for taking his eye off the ball and letting HP have too much control over hiring, believing that a bigger company would do its best to bring in the right talent.
The lesson that Sood offers to start-up founders as now general manager of the Bing Fund, based in Bellevue, Wash., is this:
We asked him what are the essential pieces of what he looks for in a start-up, and how he sees the developer and startup ecosystem. We thought it was important to get down to the bottom of what the head of an angel fund thinks about the world he invests in.
One takeaway from his talk, that sheds some light on this, is that he said that founders and developers should consider Microsoft as a friendly “archangel” investor, that is looking to support start-ups with access to Bing APIs and other technologies that other start-ups don’t get access to. In contrast to his experience with HP, he says that he feels immediately at home with Microsoft, because it’s run by people who want to do good for the world.
The Bing Fund currently works with two startups, both in BizSpark, and they are taking on more soon.