David Koretz Founder & CEO, Plum @dkoretz You can see the video of David's talk at: https://www.youtube.com/watch?v=KCqVZUA4Smc

1. Why I Moved to Miami: Starting Up
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

2. “You are halving your odds of
success by moving there.”
David Koretz – Founder & CEO Plum
Twitter: @dkoretz
-Famous Silicon Valley VC

3. “It’s like you are willingly
moving from the major
leagues to a farm team.”
David Koretz – Founder & CEO Plum
Twitter: @dkoretz
-Another Famous Silicon Valley VC

4. “I would fund anything you do…
but not if you are going to wear
white shoes and a Members Only
jacket while you do it.”
David Koretz – Founder & CEO Plum
Twitter: @dkoretz
-3rd Famous Silicon Valley VC/Asshole

5. …and then I told them I was
going into the wine business.
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

6. “Wow. You literally picked the
worst industry I can think of.”
-No so Famous (but pretty good) Venture Capitalist
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

7. Think Different? Dress Different.
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

8. Silicon Valley: State of the State
 Large funds are driving ever larger check
sizes
 Over-funding creating preference stacks
that disconnect interests of entrepreneurs
& VC’s
 15-20% close rates on candidates and
soaring attrition rates
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

9. Unicorns? WTF.

10. Miami (Sure, taxes… but so much
more)
 Capital goes twice as far
 Great engineers from Citrix, Motorola, etc.
 Easy to recruit from the North East
(especially in Winter )
 #1 Happiest Place in the US to Work (Forbes)
 Accessing Europe and Latin America growth is
much easier
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

11. Perhaps Most Importantly…
• Culture that wants you to win.
• Friendliest network of entrepreneurs and
investors I have ever seen
David Koretz – Founder & CEO Plum
Twitter: @dkoretz

12. It’s Not All Sunny Though…
• Start-up infrastructure is still immature
• People “playing VC”
• Valley of Death could emerge if Series A & B
doesn’t expand quickly
David Koretz – Founder & CEO Plum
Twitter: @dkoretz