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” I look for a lot of things, actually: Persistence (above all else), resiliency, leadership, humility, attention-to-detail, street smarts, transparency and both obsession with one’s company and a burning desire to win. In fact, my salary never caught up with my pre startup salary across 2 companies and 8 years.
But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? This is a post to help you figure out why you should write and what you should talk about. People often ask me why I started blogging. It really started simply enough. Struggling to come up with enough topics?
Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. I will add to this as I write more in the coming weeks on the topic. But succinctly this press places a marker in the ground for your company.
It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. You took the risk to start your company. ” Your peer group is envious of your finally doing what they’ve always wanted to do but found it too hard to give up the golden paycheck and predictable future.
I made every textbook mistake at my first startup, which is why I believe I was much more effective at my second one. The following are some lessons I learned about early-stage startup marketing. The truth is – there isn’t a “right&# answer so for your company. You need some guidelines to make decisions.
Obviously you should have somebody that helps you research journalists, gets you meetings, pitches stories, helps prep you for interviews & helps make sure your writing is cogent. But some CEOs then try to have more junior people in the company take the interview. In a startup this is a mistake. There is one carve out.
We remain confident in the long-term trend that software enables and the value accrued to disruptive startups; we also recognized that in a strong market it is important to ring the cash register and this doesn’t come without a concentrated effort to do so. The answer is: not much.
“he quit his job and threw himself into a start-upcompany, which has him on the road in constantly changing environments. My whole life I have surrounded myself with what I call “completer-finishers” because I know my weakness for giving up when the task is at 80% and I know the importance of 100%.
Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc. 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication? 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication?
Yet along with “authenticity” they are two of the key attributes I look for when I meet with companies I may consider funding one day. Running a startup is a grind. Passion is also the featured heavily in nearly every presentation I give to entrepreneurs or on college campuses or in talks with MBA students.
One of the interesting things about being a VC is that you often see companies in transition. If you’re an early investor like I am that often means writing the first $2-3 million check into a business that previously had either survived on fumes or on a $500,000 angel round. Act your stage.
Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She did her first tech startup after the age of 30. And she didn’t start her company in Northern California. Tracy built her company, Recycled Media , out of necessity. She started her business from a personal need.
I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. ” Harsh, but reality.
It’s very common for startupcompanies to have COO’s. So I know I’m getting myself into a bit of trouble by writing this. But … Startups don’t need – shouldn’t have – COOs. I have this conversation with every startup that comes to see me and has a CEO & a COO.
In my last post I pointed out that many of the media commentators who have criticized the YouTube video network companies as not having strong businesses were mistaken. So why is online video such an attractive market to build a startup? The next part of the margin mix online video companies must get control of is talent margins.
She was leaving IAC to start a company. Somehow she was always on a flight up to Seattle or San Francisco. Didn’t I make myself clear about celebrities & startups ? She helps write press releases. Turns out she’s done this startup thing before. Kara called me on a Tuesday. ” Kara came.
On my most important ones I spend as much time figuring out what to cut out as I do putting into the writing of it. State your most important ask up front. Many people write email without a “call to action” or reason they’re writing the email. Write to one person at a time. RSVP this week.
Many MBA programs still cater too much to the needs of large, corporate management jobs or prepare students to enter big consulting companies or investments banks. Her post is short & well written so definitely worth a read if you’re a startup person and want to hear some sensible views on sales. Specifically, 1.
It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” I hope to publish that deck and a full writeup in the next 10 days in partnership with Dan Primack at Fortune (if my writeup doesn’t suck, I guess ;-)).
For starting relationships today that won’t pay off for a year. It is a piece of actionable advice that if you put into practice starting next week will start paying dividends in the near future. You should always have a steady stream of “friend of the firm&# hanging around your company. Hot company.
What could you learn from looking at your competitors or other tech startups in a different way? Or you think their startup is a passing fad and yours is the real deal? Albert Wenger from Union Square Ventures wrote a great post the other day that reminded me I’ve been meaning to write about this topic. Eff you guys!
2 preamble issues having read the comments on TC today: 1: I know that the prices of startupcompanies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. There is an inherent value that any company has. I acknowledged this in the article.
I recently wrote a post about how to manage relationships when you’re at a startup or are busy executive. I had images in my brain of all of the stresses I had placed on my wife in the heyday of my startups. A spouse’s hints for surviving an incredibly busy start-up person.
What does it mean to be a CTO for a startup? Should a startup CTO spend their time programming? The role of a CTO varies as the company matures. Here’s a graphic from Socal CTO that illustrates the roles as they change over time: In its earliest days, a startup’s top need is often to produce a product. It might be.
When I first startedwriting this blog several years ago I had less followers than you have right now. But the realist in me knew I couldn’t write daily nor could I convince you to think to check out my blog with regularity. It’s like a Pachinko machine (yes, I had one in my house growing up). I should know.
There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!”
So I thought I’d write a post about how I drive my personal creativity. (A This applies equally to VCs, startups & big company executives. The key is channeling what you learn when you drive onto paper for retention purposes so you have to write it down soon afterward. These are all creative processes.
When convertible debt first started being introduced as a “faster, cheaper way to get startups funded” they didn’t have pricing built into them. A standard entrepreneur retort I heard back then (2008-09) was “I don’t know what my company is worth now. I’m starting to hear it more often.
When talking to startup founders or other innovators, we always ask questions to better understand their business as a core. These two questions/answers can help define the early proof points for your company. Start by building just enough of your product to get early CAC and CLV signals (they won’t be perfect).
Brad wrote up his answer here – you should read it because it’s very instructive for how I believe communities ought to think about naming conventions. I recommend that you start by writing down the attributes you would want people to think about when they think about your brand. This is the list I would start with.
Last week a company we enthusiastically backed, uBeam , led by a very special entrepreneur, 25-year-old Meredith Perry , announced a $10 million round of financing. Working at a big company is honorable and I don’t believe the narrative that all of this tech disruption is to kill off big companies. ” **.
One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is. That is, how much should your company be willing to lose in cash every month as you make investments in staff and equipment that funds technology, sales, marketing and management.
This is a theme that comes up in one the most influential business books for me of the past decade, The Black Swan by Nassim Taleb where he talks about the role that luck plays in business success. If you’re a tech startup person I know you know what I mean. I started blogging 2 years ago. And so it goes with startups.
I would love to see Tara follow up with blog posts on: why she believes this is the case & what we can do about it. The truth is I have been thinking a lot about the topic, I just haven’t been writing about it. We need to start encouraging it in our youth. AWS helped lower the cost of starting a company by 90%.
Round sizes of > $100 million or more now account for 47% of all VC dollars (62% if you count rounds > $50 million) This has made venture capital significantly more valuable for VCs and LPs who invest in the best companies As part of our study we noticed a trend many have spotted but few have explained?—?why
Prorata investments rights given investors the right to invest in your future fund-raising rounds and maintain their ownership % in your company as your company grows and raises more capital. would you want to give up the right to invest in subsequent rounds? Do investors always take up their prorata rights in later rounds?
As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. That company was Invoca, which just announced a $20 million fund raise led by Accel. At the time I pointed out: “If I had realized exits almost certainly it would be because I invested in a company that failed.
This blog started from a series of conversations I found myself having over and over again with founders and eventually decided I should just startwriting them.It Kobe is famous for waking up crazy early every morning and practicing for longer and harder than nearly anybody else in the NBA. Think about Kobe Bryant.
Do you need a board when you first start you company? If you haven’t raised any money or if you raised a small round from angels or friends & family I would suggest you avoid setting up a formal board unless the people who would join your board are deeply experienced at sitting on startup boards.
If you want to get in better shape and haven’t read that you might start there. I started advice with the premise that no amount of exercise or food eating plan would help with long-term fitness or weight goals unless you first had a mental plan and a set of measurements to track your progress. I want to share with you how I did this.
of all statistics are made up. I’m writing this post to make sure you’re all on that same playing field. Here’s how I learned my lesson: I started my life as a consultant. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. I say it deadpanned.
It’s the first EIR that we’ve had in the years that I’ve been with the firm and I hope will be the start of our investment in this program. I became aware of Sam several years ago as I started noticing his name repeated in the comments section of my blog. I was a proud angel investor in Jody’s company, EcoMom.
2023 hasn't been an easy year to be a startup. In fact, according to Crunchbase more than 212 startups closed their shutters in the third fiscal quarter alone – the highest number recorded in the firm's history. Yet, while many early-stage startups crumbled under the pressure, diamonds also emerged. billion.
Startups that are backed by professional financial investors almost always have a Board of Directors that consists of some set of founders, investors and sometimes independent directors. It is worth pointing out that there are actually three levels of governance in venture-backed startups. This is often called “corporate governance”?—?in
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