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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.

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Netflix employees stage a trans solidarity walkout, pose list of demands

TechCrunch LA

Netflix employees staged a walkout yesterday in response to the company’s handling of a Dave Chappelle special that premiered on October 5. At the same time, Los Angeles-based trans activist Ashlee Marie Preston hosted a rally in solidarity with Netflix workers participating in the walkout. Photo by Rodin Eckenroth/Getty Images).

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The Changing Venture Landscape

Both Sides of the Table

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. I often answer the same way … * “First, yes, nearly every corner of our market is over-valued. By definition?—?I’m dot-com bonanza.

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Counting Angels

Steve Reich

How many Angels do you want in your cap table? Mark Suster wrote a great piece in July giving his answer: “If all else fails, angel-load away! If you can’t raise from a few strong angels, from seed funds or from a VC then raising from a ton (let’s say 20+) angels is a perfectly acceptable strategy.

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Timing and why we’re all VCs

TechCrunch LA

When should you start a company? What company should you start? When should you join a company? Anyone who has worked in a large company further knows that timing a product launch or a new marketing strategy has more to do with internal politics than reading market forces. When should a VC invest?

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Why You’re Not Getting the Most out of Your Board

Both Sides of the Table

These outside board members spend most of the board meeting trying to reacquaint themselves with the company’s business and critical issues. Every time I think to write a post about this I figure the most recent board meeting I’ve attended will think it’s about them so I don’t bother. Ineffecient Board Meeting.

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Why You Don’t Want to Give Financial Information to All of Your Investors

Both Sides of the Table

The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. In a funding round with 1 or 2 VCs and 15-20 angels or 4-6 seed funds if you gave every investor you financial information and performance metrics your proprietary information would increase in its probability of leaking out.