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Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? Convertible notes have both features in them but for some reason entrepreneurs don’t understand it. It’s like we need a finance 101 course for entrepreneurs. It’s like we need a finance 101 course for entrepreneurs. We raised a seed round.

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Time is the Enemy of All Deals

Both Sides of the Table

A reminder that it is important for all entrepreneurs is to remember to be careful about “deal drift.” It quickly became impossible to raise venture capital. Many deals – VC or otherwise – didn’t close. It isn’t even a story about raising venture capital or M&A. Especially in VC. Any deal.