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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). This is part of my ongoing series Startup Advice. In these many exchanges similar questions crop up. I write this post as a warning to pick your VC’s carefully. If you pick the wrong spouse at least you can get divorced.

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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

As an entrepreneur and startup investor, I have helped create companies which achieved two IPOs which collectively raised over $100 million, as well as two acquisitions which totaled $385 million. Value is created through diligent hard work. “Learn from the mistakes of others. Entrepreneurship is best learned experientially.

Startup 242
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Why You Should Hire A Gaggle Of Interns At Your Startup - And It’s Not For An In-house Wait Staff Or Free Labor…

InfoChachkie

There is never enough time to perform all of the outstanding tasks at the typical startup. Due to their lack of practical experience, this delegation/efficiency tradeoff is especially acute with respect to hiring Interns. The growth rate of most startups justifies hiring an in-house talent coordinator. Rookie Draft.

Startup 244
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Know When To Declare Defeat And Toss Out A Bad Idea – Do Not Be Afraid To Say, “That Baby Be Ugly!”

InfoChachkie

Gordy created a unique culture which deemphasized cronyism and encouraged open and honest debate regarding the subjective quality of the company’s creative output. Record companies evaluated songs based upon a variety of informal means, such as the Old Gray Whistle Test. During the 1960’s, Motown’s artistic success was unprecedented.

Ideas 187
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

No one wakes up and says to themselves, “I need to buy that product I have never heard of before.” “I know half the money I spend on advertising is wasted, but I can never find out which half.” John Wanamaker. If Mr. Wanamaker had access to the Internet, his oft-repeated quote, would have never been uttered. It does not happen.

Customer 164
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Roping in the Legal Eagles

InfoChachkie

Johnnie Cochran was an effective, albeit smarmy, defense lawyer who would say or do anything to defend his clients (anyone up for a glass of OJ?). Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. free weekly Infochachkie articles!