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Praying to the God of Valuation

Both Sides of the Table

How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. What happened? People were building.

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How I Got the Monkey Off My Back – Today Was a Good Day

Both Sides of the Table

I become a venture capitalist in September 2007 – exactly 6.5 It turns out it actually takes time to build a high-growth business with differentiated intellectual property and roll out large, enterprise-class marketing solutions. Working with early-stage teams : coaching, mentoring, setting strategy, rolling up sleeves: 9/10.

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Some Reflections on VC Investment Decisions

Both Sides of the Table

I started in 2007 with a thesis that my primary investment decision would be about the team (70%) and only afterward about the market opportunity (30%). You have to decide how hard to help with downstream marketing for your deals. You have to decide where to lean in on follow-on rounds. You have to deal with CEOs who resign.

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Management Philosophy: Owners vs CEOs

Jason Nazar

In 2007 when we were about to launch Docstoc I attempted to outsource our PR and social marketing to no avail. What Are You Waiting For: Do It Now – A very dear man and mentor to me, Mike Schuminsky, had a very special way of managing folks. Personality Matters – Personality can be your most valuable asset.

Tips 40
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As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

It’s a market, after all. And Coach Campbell. I’ve heard directly from top executives that Jeff Bezos (in my opinion the most talented person in the tech industry) has received his fair share of VC coaching in the early years. And I’ll know in 18 months whether we have product / market fit.