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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Let me start out with my premise: “Data rooms are where fund-raising processes go to die.” I have to back up and give you more context. Most entrepreneurs (and VCs raising from LPs) think this means progress. I’m going to start with the reasons and then explain how to use your best data to your advantage. It doesn’t.

Funding 336
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Entrepreneur’s Don’t Think Enough. Here’s What You Can Do About It …

Both Sides of the Table

Every so often I find myself caught up in a really hectic 3-4 week schedule where it seems like I float endlessly betweens meetings. And I get flooded with legal docs, end-of-quarter financial administration, recruiting, whatever. I get sucked up in “Do” mode. Startups Are for Doers. Board Meetings.

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One Man’s Signal is Another Man’s Noise

Both Sides of the Table

I’m sitting at my computer now at 9.00pm writing this – which is an hour earlier than I normally write (there are about 8 women at my kitchen table having a book club (aka excuse to drink wine & gossip so I’m locked in another room writing. They could start to form an opinion. I enjoy that.

Email 287
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Why I’d Rather Err on the Side of Direct Feedback Than Pleasantries

Both Sides of the Table

It was overly intellectual, had too many competing ideas, didn’t have enough catch phrases that would be picked up in the press, emphasized some facts that made us look smaller than we were, was too long and had terrible quotes. I then asked for editing rights to his Google Doc and I rewrote a version of it. VC Pitches.

Press 337
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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

Yet a critical mistake I see many entrepreneurs make is that they hand over too much control to their third-parties. And a key point is that when it comes down to “negotiations&# you need to turn up your personal heat and dial back the middle man. Let me start with an example. I told my agent. “That’s nuts!

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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

My initial reaction to Adeo when we spoke was that while it may have solved some issues (debt versus equity) it didn’t solve the ones that I’ve been warning entrepreneurs about most loudly. A standard entrepreneur retort I heard back then (2008-09) was “I don’t know what my company is worth now.

Startup 354
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How to Know if You Have ADD and What to Do About It

Both Sides of the Table

Let me start the post with three statements. I believe many entrepreneurs have ADD. Many people with ADD don’t work well in corporations & with bureaucracy, people with ADD have a bias towards action, people with ADD often speak up & take action and have strong bursts of creativity. Embrace it. Email twice.

Startup 150