Remove Competition Remove Document Remove Equity Remove Writing
article thumbnail

The Changing Venture Landscape

Both Sides of the Table

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. If you’re going to play in the big leagues you need to be writing checks from a $700 million?—?$1 Are we in a bubble?” By definition?—?I’m of the fund.

article thumbnail

7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

Since this document is outward facing, it is important to keep the terminology and tone consistent with that of your customer set, investors, and business partners. Opportunity segmentation and competitive environment. No mention usually means no plan and not competitive. The details can be added later.

Startup 65
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued. Trade secrets need to be documented and dated, and business plans labeled as confidential. Give away more equity than required to drive the business.

Startup 62
article thumbnail

Startup Due Diligence Is Not a Mysterious Black Art

Startup Professionals Musings

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. Sustainable competitive advantage. This is the dreaded “due diligence” process.

article thumbnail

Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

Fallacy: Third-party, OEM (Original Equipment Manufacturing) representatives succeed once the sales process is defined, proven and documented. 5) Allow Partners To Write Your Agreements. Thus, I will let my Big Dumb Company (BDC) partner write our agreement. 2) Secure Your Intellectual Property Too Early.

Startup 242
article thumbnail

Understanding the Dreaded Investor Due Diligence

Startup Professionals Musings

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. Sustainable competitive advantage. This is the dreaded “due diligence” process.

article thumbnail

Ten Slides Make a Killer Investor Presentation

Startup Professionals Musings

Most advisors will tell you to write the business plan first (20-30 pages), then distill the key points into a set of Microsoft PowerPoint slides for standup presentations to potential investors. Competition and sustainable advantage. List and position your competition, or alternatives available to the customer. Exit strategy.

Slides 94