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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

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. So what does a VC do when he or she isn’t ready to say “no” or perhaps might like to talk with you in a year but not now?

Funding 336
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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. I just had this chat last night with a friend / VC who I respect.

Email 287
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Entrepreneur’s Don’t Think Enough. Here’s What You Can Do About It …

Both Sides of the Table

And I get flooded with legal docs, end-of-quarter financial administration, recruiting, whatever. Frankly, I think venture capital is that way, too. How do VCs break out of group think when they are shuttling from one board meeting to the next, from one conference to the other and talking with all the same people?

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

Both Sides of the Table

The gist of MG’s argument is that he’d rather work with people who are openly critical of his ideas if it helps him to perform better than to have a bunch of “yes men” around who just say what a great job he’s doing. I then asked for editing rights to his Google Doc and I rewrote a version of it.

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

They’re essential in helping us get our jobs done because they specialize in something we do not. And yes, VC’s, too. But as it goes to the legal docs naturally 20 issues arise the require negotiations. Negotiate directly with your VC or acquirer with lawyers present in the room. Recruiters. You name it.

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Announcing Projector?—?A Startup I’ve Been Excited to Tell You About for Years

Both Sides of the Table

Upfront immediately wrote a check to back this vision and we later teamed up with their former colleague from Twitter turned VC, Rishi Garg of Mayfield and we’ve stayed quiet on what we were up to. The mission for the company is to to help people communicate clearly and memorably using visual information.

Startup 191
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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

.” I applaud all efforts by people to take on this issue and especially be Adeo who – let’s be honest – was really the first champion of trying to make the VC world more transparent by launching TheFunded, which didn’t exactly endear him to VCs initially. They’ll get priced soon enough by a VC.”

Startup 354