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Is it Time for You to Earn or to Learn?

Both Sides of the Table

This is part of my Startup Advice series. That’s Ok.  They raised $5 million in their B round.  125,000. So let’s go CRAZY!  Not bad.

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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

You are constantly faced with decisions and there is always incomplete information.  This paralyzes most people.  Not you. Making Things Happen.

An Inside Scoop on the Funding Environment and What it Might Mean for You

Both Sides of the Table

It is an heroic accomplishment in a brutal fund-raising market in which only market leaders can bring in that sort of money. $30 million.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

Wait, didn’t you just raise a fund? Our last fund we raised was in 2012 and we began investing it in April of 2012. Foundations. 3.

Most Common Early Start-up Mistakes

Both Sides of the Table

Assuming normal valuations at fund raising rounds you’ll be down to 6-12% after you’ve created a stock-option pool and raised capital. This is part of my ongoing series “ Start-up Lessons. &#  If you want to subscribe to my RSS feed please click here or to get my blog by email click here. Not worth it. Register a company.

How to Deal with Skeletons in your Closet

Both Sides of the Table

These are all things that you know you’ll eventually need to tell your VC and ethically you must tell them before they fund you. 

Startup Software Development – Do Your Homework Before You Develop Anything

SoCal CTO

How are you funding this? What level of funding do you currently have? I just had an all-too common conversation with the founder of a startup who had spent more than a year working with a software development company who had produced a mess. always take a very different approach in early conversations. Some founders are taken aback.

Good Judgment Comes with Experience, But Experience Comes from Bad Judgment

Both Sides of the Table

There is a folklore in Silicon Valley that you should fund first-time entrepreneurs.  This is part of my Startup Advice series of posts.

VC Funding Season Ends Next Week

Both Sides of the Table

So why is Funding Season over for the rest of the year?  The VC process is almost universal in how it works across firms. 

WTF is Traction? A 6-Step Relationship Guide to VC

Both Sides of the Table

Your friends and advisers tell you that this means you need revenue because in this economy VC’s will only fund businesses with revenue.  Now there are some firms that have strict rules about not funding pre-revenue companies – that’s different.  Fund raising is an ongoing process and not an event on a workplan. 

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Start-ups are all Naked in the Mirror

Both Sides of the Table

Every competitor is resource constrained.  We’re all scared that the next round of funding won’t come. You need to be open but not instill panic.  It’s OK to talk about fund raising challenges or customer losses. This is part of my ongoing series Startup Lessons. Our phones rang off the hook. We were hot. SHIT!!!

Are Business Plans Still Necessary?

Both Sides of the Table

They are not just for fund raising.  remember going to an Under the Radar conference in 2006 in the heat of the Web 2.0 craze.  wares.  RIP 2.0. 

Stock Market Drops. Then It Rallies. What Happens Next for Funding?

Both Sides of the Table

Let’s help get their funding get finalized or the company sold if it’s already in play. And VCs scrambled to raise their own funds.

GRP Targets $250M In New Fund, GRP IV

socalTECH

Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., READ MORE>>.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc.

Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

And if it’s not I’m generally not that interested in funding it. MBA fine, but not required. Many of my best friends have MBAs.

Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

The financing includes both new investment funding and a conversion of debt to equity, according to a notation in the filing. Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter.

Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

and San Diego’s Avalon Ventures. Inbio Ventures, a venture capital management company, represented Pharmstandard in the deal. Carmine Stengone.

Beware of Gym Salesman VC

Both Sides of the Table

You’ve obviously talked with several funds to hedge your bets. You’ve been trying to raise VC for months.  Time to celebrate!

Drone On: 3D Robotics Filing Reveals $45M Financing Plan

Xconomy

After a painful restructuring earlier this year, Berkeley, CA-based 3D Robotics appears to be raising additional capital.

First Round Funding Terms and Founder Vesting

Both Sides of the Table

This is part of my ongoing series “Pitching a VC“ There’s a great meme developing this morning on the need to simplify funding terms and documents. The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests.

Report: Mailroom Fund Demise Due To William Morris

socalTECH

News of the demise of Los Angeles venture capital fund The Mailroom Fund , the joint venture capital effort of Accel Partners, Venrock, the William Morris Agency and AT&T, is finally trickling out. Wolpert took an extended leave of absence from his investment efforts and managing the fund, and has since moved on to other efforts.

What Makes an Entrepreneur (4/11) – Resiliency

Both Sides of the Table

The agreement was that both sets of investors would fund the combined entity, we would reduce overlapped costs and become a healthier company. 

5 Tips to Becoming a More Customer Centric Organization

Both Sides of the Table

Being transparent about our workload, our struggles, our fund raising, whatever.  Turn Your Organization Inside Out. This is part of my ongoing posts on Startup Advice. The Outside In organization had a one-way flow.  Our sales guys were on the front line and heard what they needed to win deals.  What changed for us was Tim Barker arrived. 

The Perfect Pitch 2009

SoCal Tech Calendar

Monday, October 26, 2009 -- The Perfect Pitch 2009. See [link] (more

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#. Only then are you truly aligned. Not FU money, but “feed the family&# money. think too many VCs simply don’t understand this. Let me start with a couple of stories. For a while but not forever.

Choose Your VC Investor Carefully

Both Sides of the Table

Below is a quote about Gus from The Funded. Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings).

Tony Hsieh is the Seller of Dreams | Enter the Downtown Project

Tech Zulu Event

Silicon Valley may still be the capital of technology with a mix of new (Google, Facebook) and old (Apple, HP) sprinkling the landscape.

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The Best VC Meetings are Debates not Sales

Both Sides of the Table

This is part of my blog series “ Pitching a VC.&#. I’ve sat through a lot of VC pitches and having been CEO of an enterprise software firm for many years I’ve also sat through many customer meetings with sales teams. They seemed to agree with everything I said.&#. They might even like to challenge some of your assumptions.

Deal with Your Elephant in the Room

Both Sides of the Table

This is part of my series on Raising Venture Capital. Your A round investors are not stepping up. - You raised $1.5 Issue off the table. 

First Round Funding Terms and Founder Vesting

Both Sides of the Table

The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests.

Fast Follower III – First Mover Disadvantage

InfoChachkie

Unable to raise funds from wealthy individuals, he solicited $300 from a hodgepodge of small businessmen, including tavern owners, grocers and physicians. However, he was still unable to secure adequate funding to commercialize his technology. This is part III of a three part series. Click here for Part I and Part II. Fitch To Fulton.

Founders, Ownership and Prenuptials

Both Sides of the Table

What if you have to make really tough calls on cutting costs, biz dev deals, fund raising and you violently disagree on direction? This is part of my ongoing series, “ Startup Lessons.&#. Yesterday I wrote a blog post ( here ) in which I urged people to not have too many founders. Should he/she keep 50%? Who prevails? They each own 33%.

2009 Coming To A Close, 2010 Just Around The Corner!

Tech Zulu Event

Headquartered in San Francisco, Justin.tv is funded by: Y Combinator, Alsop Louie Partners and Draper Associates. Are you interested? Discover.

VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

Look at Josh Kopelman over at First Round Capital.  I think they definitely qualify as a VC and not a seed fund.  They have a large-ish fund

Friendgiftr Launches Facebook Gift Card App

socalTECH

Hollywood-based Friendgiftr , an angel funded startup developing Facebook applications, said today that it has launched a new Facebook application which allows users to send real gift cards to friends, family, and others. The startup said it is now offering over 120 U.S. The firm was founded by Rob Carpenter and David Murphy. READ MORE>>.

A Tale of Two Pitches

Both Sides of the Table

This is part of my ongoing series, “ Pitching a VC.&#. Tale of Two Pitches. ’s strategy and missteps.  This meeting was a 10/10 for me. 

I met with an investor, what happens next?

Both Sides of the Table

And they have responsibilities for helping to manage their fund. Not to mention what happens in years where they also need to raise a new fund.

Nirvanix Confirms Funding Round

socalTECH

San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. READ MORE>>.

AdventureLink Gains Funding

socalTECH

The funding came from Anthem Venture Partners and The Mail Room Fund. Amount of the investment was not disclosed. READ MORE>>.