“Always buy the small meal”

After finishing lunch with a local VC, who shall go unnamed, I went to pay the tab for the two of us, as I had asked him to lunch.

As I did so, he said, “Steve, remember, always buy the small meal.” Meaning, of course, it’s ok to pay for coffee, breakfast or maybe even lunch, but never pay for dinner that’s just going to be too much money. Just another example of an investor teaching me how to stretch the dollar.

Lunch was worth it for that lesson alone, though I never did try to calculate the ROI.

Author: Mentorphile

Mentor, coach, and advisor to entrepreneurs, small businesses, and non-profit organizations. General manager with significant experience in both for-profit and non-profit organizations. Focus on media and information. On founding team of four venture-backed companies. Currently Chairman of Popsleuth, Inc., maker of the Endorfyn app for keeping fans updated on new stuff from their favorite artists.

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