Both Sides of the Table

NOVEMBER 29, 2014

This week I wrote about obsessive and competitive founders and how this forms the basis of what I look for when I invest. In the comments section a clever question popped up about whether I would have invested in myself before I became an investor. My first response mentally was, “Of course!” They choose a different path.

Startup 409

Startup Invest Venture Capital Writing 409

Both Sides of the Table

FEBRUARY 20, 2019

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.

Startup 236

Startup Venture Capital Tips Capital 236

Both Sides of the Table

MAY 6, 2018

Fund raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. As a VC I also have to fund raise every three years and these posts 100% apply to VCs raising money, too. It definitely has a “d” in it, as in it’s really not fun, raising.

Funding 236

Funding Venture Capital Startup Entrepreneur 236

Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Even the strongest relationships are often tested and broken by the stresses of a new startup.

Startup 131

Startup Entrepreneur Examples Customer 131

Both Sides of the Table

MAY 23, 2010

Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. It starts as a debt instrument (e.g. They likely are extending payments to debtors way beyond that expected payment terms and start damaging supplier relations.

Startup 290

Startup Funding Venture Capital Pricing 290

Both Sides of the Table

SEPTEMBER 15, 2022

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas. By 2021 we had to write a $3.5m And reset they must.

Venture Capital 416

Venture Capital Marketing Technical Review Seed Funding 416

Startup Professionals Musings

SEPTEMBER 3, 2014

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.

Writing 109

Writing Entrepreneur Summary Email 109

Startup Professionals Musings

SEPTEMBER 11, 2023

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. In reality, crowdfunding has become a major startup funding vehicle, expected to reach $3.62

Startup 100

Startup Equity Entrepreneur Demand 100

Both Sides of the Table

JUNE 29, 2014

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.” It had an influence on the people who fund our industry in a negative way as many asset managers who fund our industry read this flawed report.

Venture Capital 362

Venture Capital Capital Startup Writing 362

Both Sides of the Table

SEPTEMBER 10, 2021

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. Today you have funders focused exclusively on “Day 0” startups or ones that aren’t even created yet. of the fund. By definition?—?I’m

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

APRIL 29, 2023

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. You have no shelf life, so you can’t make money while you sleep.

Startup 111

Startup Training Services Writing 111

TechCrunch LA

MARCH 8, 2019

Responding to Elizabeth Warren’s call to regulate and break up some of the nation’s largest technology companies, the venture capitalists that invest in technology companies are advising the presidential hopeful to move slowly and not break anything. This is not a new model, and it makes no sense,” says Narasin. ”

Technical Review 144

Technical Review Startup Chief Technology Officer Social Media 144

Startup Professionals Musings

OCTOBER 1, 2022

For example, innovative technologists often come up with a new device or app, just because they can, and assume everyone will want one. She speaks from decades of experience with innovation at big companies, as well as startups. A great innovation starts with at least three ideas. Plan for change before the crisis.

Ideas 145

Ideas Startup Case Study Writing 145

Both Sides of the Table

MAY 13, 2018

The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. In my post “ Measure twice, cut once ” I’ve outlined how to plan before you start raising. You can short-hand this as “engagement.”

Venture Capital 332

Venture Capital Funding Startup Sales 332

Startup Professionals Musings

DECEMBER 26, 2020

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. He points out that the word crowd precedes funding in crowdfunding. Startup revenues come later.

Startup 151

Startup Equity Funding Demand 151

Startup Professionals Musings

SEPTEMBER 7, 2022

Most of you business professionals that I know have at least thought about or talked about starting their own business, to get more control, make more money, or to get more satisfaction out of their life. As a mentor to young aspiring entrepreneurs , I often get asked for tips on a strategy to get started.

Startup 114

Startup Tips Coach Satisfaction 114

socalTECH

OCTOBER 11, 2010

Last week, the University of Southern California 's Viterbi School of Engineering announced that it had established a new, business plan competition, the Maseeh Entrepreneurship Prize Competition ([link] specifically aimed at students in the engineering school. Why a business plan competition, and why in engineering school?

Competition 154

Competition Southern California Mentor USC 154

Startup Professionals Musings

AUGUST 3, 2020

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. You have no shelf life, so you can’t make money while you sleep.

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

JANUARY 24, 2016

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. In the competitive realm of business, you only get one chance to make a great first impression. Keep your writing voice friendly and courteous.

Writing 62

Writing Summary Email Ideas 62

Both Sides of the Table

APRIL 25, 2013

She was leaving IAC to start a company. Competitive sportswoman. Somehow she was always on a flight up to Seattle or San Francisco. Getting involved with political events and fund raisers. Didn’t I make myself clear about celebrities & startups ? She helps write press releases. ” Kara came.

Startup 398

Startup Design Downey Activity 398

Both Sides of the Table

JANUARY 21, 2010

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. Many people start companies arse backwards. I write about some of the lessons in my post on Startup Mistakes.

Startup 318

Startup IP Southern California Entrepreneur 318

Both Sides of the Table

MARCH 27, 2011

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. By definition, you read blogs. authenticity.

Blogging 373

Blogging Startup Writing Venture Capital 373

Both Sides of the Table

AUGUST 20, 2015

VC funding. We love capital efficiency until we love land grabs until we abhor over funding until we get huge payouts and ring the bell for more funding until we attract every non-VC on the planet to invest in startups until it crashes and we start the cycle all over again none the wiser. We’ll see in time.

Funding 150

Funding Venture Capital Startup Marketing 150

Both Sides of the Table

MAY 14, 2018

I Know Everybody Told You to Send Your Fund-Raising Decks as a Link. Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page.

Funding 239

Funding Venture Capital IP Email 239

Both Sides of the Table

MARCH 11, 2010

Recently I’ve been debating with a number of young startup companies that are raising money in the next few months, “what is the right about of capital to raise at a startup?&#. there may be major competitive changes in the market that makes your next funding round hard (e.g. Who started this meme?

Startup 319

Startup Venture Capital Capital Competition 319

Startup Professionals Musings

JUNE 26, 2020

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage.

Product 169

Product Summary Startup Examples 169

TechCrunch LA

MARCH 31, 2021

The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes) but gives startups and the broader tech industry about $1 trillion worth of reasons to support it. ” Climate resiliency . Given the steady drumbeat of climate disasters that hit the U.S.

Startup 229

Startup Technical Review Invest Research 229

Both Sides of the Table

JULY 23, 2014

The rise of “micro VCs” or seed-stage funds. The rise of alternative sources of capital (crowd funding and the like). The VC market has right-sized (returned back to mid 90′s levels & less competition). ” The new narrative is “will my seed funds be able to fund the prorata of their winners?”

Venture Capital 398

Venture Capital Technical Review Startup Seed Funding 398

Both Sides of the Table

SEPTEMBER 28, 2014

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. Let’s set up a framework. Gross Burn vs. Net Burn.

Startup 383

Startup Company Companies .Net 383

Both Sides of the Table

OCTOBER 12, 2014

These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. 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.

Guide 336

Guide Venture Capital Startup Writing 336

Both Sides of the Table

JUNE 5, 2011

2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies 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. I said both in the article but felt compelled to provide a statement up front for the skimmers.

Startup 336

Startup Pricing Technical Review Marketing 336

Both Sides of the Table

MAY 30, 2018

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you.

Venture Capital 324

Venture Capital Pricing Startup Invest 324

Both Sides of the Table

FEBRUARY 14, 2016

Valuing any company can be difficult because it requires a degree of forecasting future growth & competition and ultimately the profits of the organization. Most are sitting on large portfolios of private companies that are raising money now or will need to do so in the future and they know that they’re up against some headwinds.

Startup 150

Startup Company Companies Venture Capital 150

Startup Professionals Musings

MARCH 6, 2023

The challenge is to find the time and initiative to keep up with the information wave, and be able to curate the data into knowledge that must be learned, unlearned, or relearned. With this principle, real entrepreneurs start with a conviction that new learning will reveal flaws in existing models, leading to new opportunities.

Social Media 120

Social Media Startup Entrepreneur Education 120

Both Sides of the Table

DECEMBER 27, 2011

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!” To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year.

Startup 418

Startup Venture Capital Sales Technical Review 418

Both Sides of the Table

OCTOBER 11, 2011

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!

Startup 313

Startup Press Writing News 313

TechCrunch LA

FEBRUARY 20, 2019

Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. When should you start a company? What company should you start? Most startups die. Start writing down predictions about people, companies, and markets. When should a VC invest? All appears well.

Venture Capital 202

Venture Capital Startup Technical Review Invest 202