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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Entrepreneur : “Sure. Some people find this elitist?—?I

Funding 336
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A Serial Entrepreneur’s Take On Guy Kawasaki’s Enchantment

InfoChachkie

Although many are entertaining, most fail to provide entrepreneurs with a sufficient return on their time investment. Unfortunately, most business books do not offer entrepreneurs an adequate payoff. It has also influenced my thoughts, as evidenced by the six infoChachkie blog entries which reference Art. I was not disapointed.

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What is the Right Burn Rate for your Startup?

Both Sides of the Table

One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is. The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. GAAP Net Income, which at times isn’t a good reflection of cash burn).

Startup 212
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Are You an Entrepreneur?

InfoChachkie

Hint: He was an entrepreneur. A Writer Is Someone Who Writes. A writer is someone who writes, not someone who goes about telling their friends that they are “a writer”. The same is true of entrepreneurs. These would-be entrepreneurs are best classified as Wantrepreneurs, as discussed in Entrepreneurial Enterviewing.

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Interview with Derek Norton, Watertower Ventures

socalTECH

Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. We are going to write checks of between $100,000 and $500,000, and we are going to invest in what we are calling first institutional capital. Our investment thesis we refer to as the connected consumer.

Invest 145
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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

Yet a critical mistake I see many entrepreneurs make is that they hand over too much control to their third-parties. That said, there are times where you need to cast a wider net. Often recruiters want to handle the final negotiations on package and/or do the reference calls. VCs often do this for reference checking.

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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

We typically do not ask entrepreneurs to visit our offices in Santa Barbara, but Jeff wanted to meet with Kevin, an investor in our Fund who helped us vet opportunities and occasionally invested alongside of us. Rather, we value entrepreneurs' time and thus our diligence generally includes introducing them to potential customers and partners.