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Obviously, you re going to give up some portion of your company in terms of just shares and percentage, but the dynamics of the business do change Now you have different parties at the table in terms of having institutional investors For the most part, your goals are aligned You both want to create a really big, successful company But there is a certain dynamic to remembering that venture capitalists have a portfolio of startups that they re investing in So they ll have 10, 20, 50 startup companies that they re invested in, where you have only one This goes to how you actually raise capital You have to understand this dynamic, which is VCs saying, We re going to go off and invest, say, 20 different startup opportunities.

if ( bored ) ;

Now, your outlet called label points to this label on our interface. If you call any methods on this pointer it will affect the appearance of this particular label.

is a legitimate (and thoroughly useless) if statement. If bored is true, the semicolon statement gets executed. The semicolon by itself doesn t do anything but fill the bill where a statement is needed. There are times where the semicolon by itself is exactly what you need.

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Their expectation is that each of those 20 startup opportunities has a chance, however small, of being really, really big, of being the next Google, of being the next YouTube or something like that, in the hopes that if one or two of them actually pulls that off, it carries the rest of the portfolio What VCs are not doing is, Oh, I m going to invest in these 20 startups, all of which have a decent chance of a modest outcome Because what ends up happening is the risk is so high that most of them, even though they have a decent chance, are going to fail to pull off even that modest outcome The ones that are successful are not successful enough to really create the return that s necessary for them to demonstrate to their investors.

The if statement uses the value of an expression to decide whether to execute or skip over a statement. If the statement is executed, it is executed just once. Another type of statement, the while statement, repeatedly executes a statement as long as a specified expression is true. The while statement follows this pattern:

We also need to indicate that each of the three buttons we just added to our interface will trigger the action method called buttonPressed:. We accomplish this in a very similar manner to connecting outlets, but instead of Ctrl-dragging from the controller

The while statement is also known as the while loop, because once the statement is executed, the while loops back to reevaluate the expression. Here s an example of the while loop in action:

Bob: So they re hoping for the grand slam, but they re taking the approach that there s going to be a whole lot of outs as well Dharmesh: Absolutely You have to demonstrate that your opportunity, your idea, has the potential to be big enough to carry, essentially, close to the rest of the portfolio, that you have to be that one You re going to passionately work at being that one The VCs recognize that they re not going to be able to get several of these big outcomes, but they re expecting some small percentage of their portfolio is going to actually pull it off It s very rare that anyone pulls it off, if no one s actually swinging hard and trying It doesn t happen, for the most part, accidentally..

int i=0; while ( ++i < 3 ) printf( "Looping: %d\n", i ); printf( "We are past the while loop." ); i;

CHAPTER 3: Lights, Camera Actions! (and Outlets, Too)

Bob: Are angel investors like VCs, only smaller Or are they fundamentally different Is there something that startups need to know Dharmesh: The thing that startups need to know is that this particular dynamic is very different Other than just the magnitude of capital that they ll invest, angels are different I m an angel investor as well I ve got an investment in, I think, nine startups now The way the angels look at it is that, for the most part, they re entrepreneurs themselves that have made some money along the way They re living vicariously through the entrepreneurs again That s essentially what I do That s what a lot of angels do It s not their job They re not saying, OK, it s 2009, I ve got this much money to deploy.

This example starts by declaring a variable, i, to be of type int. i is then initialized to 0. Next comes the while loop. The first thing the while loop does is evaluate its expression. The while loop s expression is

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