Remove 2007 Remove Coach Remove Mentor Remove Pricing
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Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t. Nobody cared about our valuations any more. We had nascent revenues, ridiculous cost structures and unrealistic valuations.

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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%). If we got an offer to raise $25 million to grow would she take it or be too worried about exit price, dilution, valuation expectations, etc. You have to deal with CEOs who resign.

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Management Philosophy: Owners vs CEOs

Jason Nazar

Negotiate Everything – When my father goes to Rite Aid , he’ll try and negotiate the price of his prescription drugs, and sometimes he gets a discount. Never accept the first offer or price. In 2007 when we were about to launch Docstoc I attempted to outsource our PR and social marketing to no avail.

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

Both Sides of the Table

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 hard for me to imagine the Fred Wilson and Albert Wenger weren’t instrumental mentors to David. Ergo I suck.