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Contract Traps Entrepreneurs Should Avoid At All Costs - Sweet Sixteen Kisses of Death

InfoChachkie

Note: This is part I of a three part series. Access part II HERE and part III HERE when they are posted. Agreements with Big Dumb Companies (BDCs) are like DC Comic’s evil villainess, Poison Ivy. Both are seductive and alluring and both are potentially fatal. A startup’s most meaningful agreements are often struck with BDCs. Paul Somerson, Author.

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How to Talk About Valuation When a VC Asks

Both Sides of the Table

So why does a VC ask you? 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.” VC firms see thousands of deals and have a refined sense of how the market is valuing deals because they get price signals across all of these deals.

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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

Fallacy: AdVentures tend to evolve once you begin speaking with pesky customers and demanding partners. Rationale: My idea is so mind-blowingly fantastic, I can sit back and count my money while someone else does all the heavy lifting to make my idea successful. During those same 25-years, I also made innumerable mistakes.

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10 Reasons Why Capital Shouldn't Make Or Break Your Startup

Startup Professionals Musings

Frugal business practices can be rewarding. Frugal business practices can be rewarding. By John Williams Fast Company magazine recently reported that PayPal founder Paul Thiel is giving away $100,000 to twenty-four young men and women to finance startup businesses. Your mortgage and grocery bill depend on it. You can keep overhead low.

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Roping in the Legal Eagles

InfoChachkie

This is a reposting of a ‘classic’ popular post. Johnnie Cochran was an effective, albeit smarmy, defense lawyer who would say or do anything to defend his clients (anyone up for a glass of OJ?). He was a master at encouraging jurors to disregard facts and base their legal verdicts on emotions and conjecture. Substance Over Form.