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The last money has the first say.

Berkonomics

Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. Angel investors tend to be much more understanding, and usually resort to coaching rather than replacing the CEO during bad times. Are angels and friends a better bet?

Coach 156
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The VC Inclusion Clause #MovingForward

Both Sides of the Table

If you’re an entrepreneur who would like to see this clause in more startups please ask your VC to include it in future term sheets and link to it from their home page. “We We can unequivocally say this has started to work in the companies that we have funded since this clause was inserted. Ours is: upfront.com/inclusion.

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This is How Startups “Level Up” After Raising Money

Both Sides of the Table

In a VC business when you raise additional capital you need to “level up” and act the round you are. I’d say 20% of startups I see level-up early after their A round. These are important leveling-up activities but the CEO is often still up at 10pm f **g around with QuickBooks entries.

Startup 382
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Be Careful About Being a Meddling Startup CEO

Both Sides of the Table

Fred Wilson also wrote on a similar topic in his usual more succinct manner , with a great quote being: “One thing I know for sure is that those who advise and invest in startups cannot and should not meddle in the day to day decision making. It’s harmful and hurtful to the startup and those that lead it. ” PR.

Startup 339
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People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. I never built a Google-sized business but I did build an organization from scratch that grew to 120 employees in 5 countries before we sold it. I’m not a big believer in too much hierarchy.

Startup 308
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Helping Startups Understand Salespeople & the Sales Culture

Both Sides of the Table

Most technology startups seem to be funded by product people or business people. My first startup was no different. ” So I did want any rational person who wants to improve does – I hired a coach. This is why I tell startups that most seasoned sales execs aren’t right for startups.

Sales 383
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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

Launchpad LA today announces it will accept applications for its third class of Los Angeles-based tech startups. The goal for this organization is four-fold: To provide mentorship for some of the most promising young companies based in Los Angeles or willing to relocate to LA. For the past 2.5