Both Sides of the Table
OCTOBER 30, 2014
It’s true the some VCs have started writing so many checks that they resemble stock pickers but the majority of us still have less than 10 board seats at any time and tend to go pretty deep so the result is that we care deeply about where we commit our time. Meredith came to see me along with the CTO Marc Berte.
socalTECH
JANUARY 2, 2014
You fill out the short questionnaire, lawyers submit their price quotes, and they get hired. You put your project up, and shortly thereafter, you get price quotes from lawyers. To fix that, we actually don''t allow lawyers to see prices, and they''re not bidding with each other. That happens in just a five minute process.
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Both Sides of the Table
FEBRUARY 7, 2013
Because I am true to the hiring practices I preach, I wanted a strong exec who would “ punch above their weightclass ” by taking a job they hadn’t yet done but would hugely aspire to and thus work harder to out perform. In the same year they won Business Insider’s Startup competition. Nice sweep!
Both Sides of the Table
JULY 22, 2010
Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. You’ll need to hire and retain talen to grow your company. It was accept the terms or go into bankruptcy so we took the money. The VC assumes you’ll have an option pool.
socalTECH
OCTOBER 4, 2010
We've also been at a big discount to the other firms for the first seven years we were around, we were half the price of Kaplan and Princeton Review until last year, when they both dropped their prices to match us. It might not be problems in geometry, it might be because students can't add fractions in algebra.
Both Sides of the Table
MAY 27, 2013
In his spare time he raised nearly $30 million. Trust me – that kind of encounter can mean the difference between securing a contract, protecting yourself from getting turfed or getting acquired one day. Ask them for a meeting to review your pricing strategy with you. Already covered. But seriously. Assign away.
Startup Professionals Musings
SEPTEMBER 30, 2013
A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CFO) and a product lead (CTO). It doesn’t prove your business model of pricing, distribution, and support. It’s also the keystone to convincing investors that you have a “sustainable competitive advantage.”
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