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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

” The punch line from this post was “angel yourself.” ” My friend Ian Sigelow wrote about this last week and advised people not to take on this kind of job. There is often money to be made in finding places with under-valued IP. I often tell people in this scenario to focus on a VC “fixer upper.”

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

In these kinds of businesses I’m on the record as advising “ Ring the Freakin Cash Register.” If you have strong VC support now and a lot of cash in the bank you may be willing to accept a higher burn rate (say $300k or $400k per month) than a company with angel money and less cash in the bank. Valuation.

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