Startup Professionals Musings

OCTOBER 7, 2013

Most importantly, the buck stops with you, so there is no room for excuses and negativity. So instead of saying, “I’ll never get the funding I need in this economy,” you might say, “Let’s try this new crowdfunding approach, since our solution value is so easy to understand.” Redirect the conversation.

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Startup Professionals Musings

JUNE 5, 2016

That doesn’t mean you should always go for the big bucks first. Angels are more likely to fund new entrepreneurs, and early-stage or seed rounds, while VCs tend to focus on entrepreneurs with a successful track record, and later stage rounds. In fact, the reality is quite the opposite.

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Startup Professionals Musings

AUGUST 28, 2012

Most importantly, the buck stops with you, so there is no room for excuses and negativity. So instead of saying, “I’ll never get the funding I need in this economy,” you might say, “Let’s try this new crowdfunding approach, since our solution value is so easy to understand.” Redirect the conversation.

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Startup Professionals Musings

AUGUST 5, 2012

An obvious reason is limited funds, but a more important reason is the need to know and intimately understand what is really going on in the business and the market. Show that the buck stops with you. There will be a lot of demands on your time as an entrepreneur, and you can’t be in all places at once.

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Both Sides of the Table

FEBRUARY 14, 2016

I’ll spare you the math and point out that this means we funded 0.104% of the market. I am highly unlikely to fund your company strictly based on math and my only motive for publicly telling you what is going on privately is to help prepare you if in fact I’m right about the funding environment. Mostly, no.

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Both Sides of the Table

JULY 27, 2016

I look for somebody who is almost mission-driven to see the product in the market more than to make a quick buck and I look for a founder who is frugal, grounded and has a strong sense of what he or she believes uniquely about what is wrong with a market and how it can be fixed. I always tell people that it’s important who introduces you.

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Both Sides of the Table

FEBRUARY 17, 2010

It’s taking time to finish the product because you’re super expensive iPhone developers (they’re in high demand) are not as good as you like (they’re super high in demand). I’m willing to fund companies in the interim. Should you now hire Android developers? And that Palm Pre.

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