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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup. Of course our execution against the strategy has had to change but the strategy has remained constant. By 2021 we had to write a $3.5m discipline & focus.

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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

The first check I wrote was just over 10 years ago into a company called Invoca who just announced a new $56 million in funding led by Scott Hilleboe at HIG Growth Partners. We not only have our Series A funds that can write $500k?—?$15 15 million first checks but we also have three growth funds. Over the past 2.5

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What Should You Send a VC Before Your Meeting?

Both Sides of the Table

One of the hardest things to know when you’re new to fund raising is what you’re supposed to send to an investor, when and will they keep your information confidential. This is part of a series on how to improve your fund raising game. As a VC and former entrepreneur let me offer you some advice. Compelling. whether they invest or not.

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How to Work with Lawyers at a Startup

Both Sides of the Table

When to get a lawyer - If you plan to be a venture or angel backed technology company (what I mostly write about) the best time to start meeting and getting to know lawyers is long before you ever start your company. I write about some of the lessons in my post on Startup Mistakes. Many people start companies arse backwards.

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What is it Like to Negotiate a VC Round?

Both Sides of the Table

In the old days VCs funded off of a “pre-money” valuation. In the old days there usually weren’t convertible notes on early-stage deals and there weren’t party rounds with 20 angels or 6 seed funds. It’s worth reading his post to understand the problem. I can boil it down to how this tension plays out.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

Of course you could start your own company. Of course I’m not suggesting people shouldn’t start a company. There are many companies with phenomenal IP that is truly differentiated but where the original executive team squandered their opportunity due to inability to sell, market or service customers.

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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

But when I’m looking to write my check I need to look in the eyes of the captain — the maestro who brings the whole orchestra together. If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself?