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A heartbreaking story about time and money.

Berkonomics

First, think about your time as money! How about young or pre-revenue companies? My role as chairman and acceding to the VC’s plan: Every one of us on the board expressed our concern that the time to make these product changes and position for the new, broader market, would eat away all the company’s capital.

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Venture Capital is About Human Capital

Both Sides of the Table

Gregg Johnson, CEO of Invoca For the first 5 years or so after I became a VC I didn’t talk much about what I thought a VC should be excellent at since frankly I wasn’t sure. It’s easy to think the role of a VC is to have strong opinions about markets, trends, tech dynamics and so forth. I don’t think this is the job.

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About personal use of corporate assets

Berkonomics

This insight addresses more the impact of such behavior upon the actions of employees and others who observe that behavior from a senior manager or owner of a business – and know that they cannot say anything about it without jeopardizing their jobs. The post About personal use of corporate assets first appeared on BERKONOMICS.

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How to Talk About Valuation When a VC Asks

Both Sides of the Table

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you.

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A Bigger Truth About Restaurant Food Delivery

Both Sides of the Table

It was only about 10–15% of their actual total revenue per month so for many it wasn’t a battle worth fighting?—?they We know that the restaurant business already operates on thin margins and many struggle to survive. So when delivery services came along many were willing to pay the fee to try and increase business.

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Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. Human Capital will soon be available as a weekly newsletter. GitHub talked about making these changes as early as June, when CEO Nat Friedman tweeted that it was something the company was already working on.

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Should Startups Care About Profitability?

Both Sides of the Table

They actually lost about $175 million in cash in that quarter, FWIW. I know this seems obvious but I promise you that even smart people forget this when talking about profitability. They raised $5 million in venture capital to fund growth. See appendix if you want to know more on this.) What did they actually do?

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