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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

Glossier, the popular beauty brand led by former blogger Emily Weiss, let go of 80 of its corporate employees today, according to an internal email obtained by Modern Retail. billion valuation from Lone Pine Capital, Sequoia, Forerunner Ventures and others.

CTO Hire 197
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Your board should protect you!

Berkonomics

They can elect directors for their class of stock, approve mergers and acquisitions; approve increases or changes to the capital structure of the company and other more minor actions. Email readers, continue here…] It is the board, made up of individual members, that is responsible for the care and maintenance of the corporate person.

Class 282
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This Week in Venture Capital – Episode 3

Both Sides of the Table

Investors: Foundation Capital (lead), with existing investors: Morgenthaler Ventures, Norwest Venture Partners, Canaan Partners. Investors: FirstMark Capital (Amish Jani)(lead), with existing investors: Accel Partners, Bessemer Venture Partners, First Round Capital, Reid Hoffman. In business you spend your life in email.

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Reward success and failure. Punish only inaction.

Berkonomics

And there are limits of course. Email readers, continue here…] I was once in the record business. Of course, the major hits paid for thousands of misses. In venture capital, the conventional wisdom is that one in. Reward failure? . That may be a difficult concept for an executive. There are “good” failures.

Course 156
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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. So it’s unsurprising that typical “A rounds&# of venture capital were $5-10 million.

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Growth requires a different kind of capital.

Berkonomics

Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital required is often surprisingly large. And yet, such a loan does rise and fall with need.

Capital 153
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One of My Most Frequent Pieces of Advice: Be Politely Persistent

Both Sides of the Table

And being persistent I believe is the most important attribute for success in an entrepreneur (assuming of course that you have all the other requisite skills). Of course at one end of the bucket are entrepreneurs who are persistent but just aren’t polite. You need to know how to write good & action oriented emails.