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How I Invest

Both Sides of the Table

During the Q&A I was asked about how I make investment decisions in early-stage businesses. I answered in the same way I always do so I thought I’d just write it publicly. “I I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest.

Invest 254
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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Even then private market investors can paper over valuation changes by investing at the same price but with more structure so it’s hard to understand the “headline valuation.” No blog post about how Tiger is crushing everybody because it’s deploying all its capital in 1-year while “suckers” are investing over 3-years can change this reality.

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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. On the one hand, you’re over paying for every investment and valuations aren’t rational. That used to be called A-round investing. of the fund.

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I Know Everybody Told You to Send Your Fund-Raising Decks as a Link.

Both Sides of the Table

Whenever you write your deck and send it out I think you should actually think to yourself, “my competitors are probably going to read this one day and this will be forwarded widely” and if your response isn’t “so what!” Because I invest in “ lines, not dots ” it’s actually the delta that I’m investing in. A deck is a deck.

Funding 239
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Timing and why we’re all VCs

TechCrunch LA

Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. When should a VC invest? Start writing down predictions about people, companies, and markets. It’s the only way forward in capitalism, and it’s worth every investment you can make. How can you practice timing?

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Scaling Sales: Arming & Aiming – Objection Handling

Both Sides of the Table

As a founder, when you’ve been dealing with these kinds of objections for a couple of years it becomes natural and you easily handle objections on price, product & competition without much thought. And the only way to do that is to help them calculate the ROI (return on investment) of using your product.

Sales 289
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Why Am I So Lucky?

Both Sides of the Table

For all the things he’s likely known for, he probably hasn’t yet built a strong relationship as an early stage venture investor (he invests often in later-stage deals where he is very respected). “… for any good investment, from Series A on, there is at least one firm to compete with. Competition is fierce.