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Are You an Entrepreneur?

InfoChachkie

You are forty, out of a job, a newlywed, your wife is expecting a baby, you don’t own your own home, you have no specialized qualifications, the only company you ever launched went bankrupt and you have just been sentenced to one year in jail.”. Hint: He was an entrepreneur.

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Praying to the God of Valuation

Both Sides of the Table

People proclaimed that there was a “new economy” and “the old rules didn’t apply” and if you questioned it you “just didn’t get it.” I started my first company in 1999 and was admittedly swept up in all of this: Magazine covers, fancy conferences, artificial valuations and easy money. Until we weren’t.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Here’s overall what you need to know. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Gross burn is the total amount of money you are spending per month.

Startup 383
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Decoding and learning from a business failure

Berkonomics

Have you experienced a business failure? Are you currently at risk due to events you cannot control? Not all companies are successful. In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. What questions should you ask?

Startup 156
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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

This is something I think entrepreneurs don’t totally understand and it’s worthwhile they do. There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.). Why the latter?

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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%). Today we’re in a world where 10 accelerators are bombarding you with emails to meet their 10-15 companies. You could spent 20 days / year at Demo Days now.

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Finding an Investor Who is in Love with You

Both Sides of the Table

I often talk about what I’m looking for when I meet with an entrepreneur. Above all else I’m looking for a genuine passion for what the entrepreneur is doing. You need a set of innate skills that differentiate you from the thousands of others who set out on your similar journey. It seems obvious.