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Praying to the God of Valuation

Both Sides of the Table

In those years I learned to properly build product, price products, sell products and serve customers. Between 2006–2008 I sold both companies that I had started and became a VC. Starting in 2009 I began writing checks consistently, year-in and year-out.

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Channel partners can be golden for growth

Berkonomics

In 2006, I gave a keynote speech at the Newspaper Association of America’s national conference in Chicago. I remember during one leadership meeting, our Operations Manager brought it to our attention that we were writing $80,000 in Channel partner checks that month and what were we going to do about that? By Kim Shepherd.

Writing 120
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Don’t drink your own Kool-Aid (surviving TC50)

Both Sides of the Table

We instructed customers about how eCommerce was going to change their future. It kind of reminds me a bit of how “social media experts&# are talking to customers today). Make sure you focus on what matters – your customers. Now is your moment to double up on your efforts to understand your customer base.

Startup 310
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Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

On December 2nd, 2006 I wrote the blog post published later in this post when I was CEO of startup Koral about my experiences in pitching VCs. I had seen many cycles and decided that since I was going to do it all over again I should write about it. I decided to write about my experience and to be blunt. And covered we did.

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When Should You Allow Exclusivity in Deals?

Both Sides of the Table

So that we’re speaking the same language I would define “exclusive” as a period in which your company is prohibited from doing business with certain customers or business partners, which is why many incorrectly assume this is necessarily bad. Why Exclusivity Matters to Your Customers or Business Development Partners.

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Better Business Bureau? For who?

Eric Greenspan

He told me this was a service the BBB provided to its customers since they saved so much money on the same service. Today, I received this email from the BBB: We’re writing to let you know that during the past month the Reliability Report that we publish on Make It Work was accessed 6 times. 2006 Closed Complaints – 1.

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

This should not be confused with raising too much money as many companies did in 2006-08. But imagine a VC that did 12 deals per year in 2006, 2007 & 2008. The pricing problem – So an investor put $5 million at a $10 million pre-money valuation in a company with a great beta product but no real customers.