This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We received so much positive feedback from our This Week in VentureCapital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about. In fact, far better if you haven’t raised venturecapital.
I’ve heard a lot of people question whether there is too much money in venturecapital chasing too few great deals. Others believe that new business models are emerging that could replace venturecapital all together. We’re in a new tech bubble!” some have pronounced.
But what has really killed me is email. I live in email hell. And for the last few evenings I decided to get through email rather than blog. I’m always so completely behind on email. I have a love / hate relationship with email. Email is a chore. People expect too much when they email you.
This is part of my ongoing series “Pitching a VC&# – the outline is here. You’ve pitched several angels and VC’s. Your friends and advisers tell you that this means you need revenue because in this economy VC’s will only fund businesses with revenue. Unfortunately your advisers are wrong.
I’ve taken to saying, “Email is our personal to-do list that anybody adds to – whether they know us or not.” about their marathon 4-hour sessions to get to zero inbox or somebody else claiming email bankruptcy ( definition if you don’t know it already ). I have taken to limiting my outbound email.
In writing anything positive about any of the companies I’m not suggesting that it means that I prefer them to any of their competitors. Also, some of the deals I write about I have actually seen as part of their fund raising process. Collaboration in business starts and ends with email. Really!). Enter Xobni.
And in most cases I would heed Fred Wilson’s advice about the “double opt-in” email for intros – where you ask for permission before green-lighting an unsolicited introductions. At a minimum you’re obligating them to ignore the email and feel like an arse for not responding to your introduction.
I’m often asked by people, “how do I get into VC?&# Well, I know 3-4 VC jobs that are publicly available. Well, aside from it showing discipline and intelligence – we always get flooded with emails when we recruit and when you have to manage volume you need to go for obvious filters. What is the timeframe?
I was having dinner with a friend last night and we were chatting about venturecapital and a bit about what I’ve learned. Today we’re in a world where 10 accelerators are bombarding you with emails to meet their 10-15 companies. If an accelerator is writing you they’re also writing 25 other VCs.
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. I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you.
They had received a term sheet from a VC and were wondering whether to work with this firm. This experience made me want to dig into my archives, re-write & publish this piece. I often tell people that raising venturecapital is more difficult than getting married. Not so in venturecapital.
One the most frequent questions asked of me by entrepreneurs is, "How can I become a Venture Capitalist?" The inquiry is common because being a VC is (to an entrepreneur, at least) a sexy job. I define a "VC" as, "a professional investor who deploys third-party funds into relatively early-stage companies." Microscopic Industry.
As noted in 6 Steps To Raising VentureCapital , as you accomplish your previously communicated milestones, send your target VCs a brief email update (think eye-candy graphics and charts, not dense text). Follow my startup-oriented Twitter feed here: @johngreathouse. Photo Credit: ralphbijker via Flickr.
He writes with a great perspective and is well worth reading. I came across this blog post about getting a computer science degree as the best degree for getting into venturecapital or working at a VC-backed start up. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners.
They get pissed off if a senior executive at Google doesn’t take a meeting with them, if people are late to their meetings or if they have emails that are unreturned. The 70% of entrepreneurs that simply can’t get past an un-responded-to email. You need to know how to write good & action oriented emails.
The typical VC process is as follows: They say there are three rules in property: Location, location, location. The surest sign a fund-raising process has stalled is when you aren’t getting follow-up meetings or hearing from the VC or hearing from friends that they got a phone call or email asking about you. Same with VC.
As a VC and former entrepreneur let me offer you some advice. Remember that the goal of an email to a VC or an introduction from a trusted mutual connection is simply to get you the meeting. Remember that the goal of an email to a VC or an introduction from a trusted mutual connection is simply to get you the meeting.
Steve Blank , January 25, 2010 10 Tips for Adding Game Mechanics to a Non-Gaming Service - ReadWriteStart , September 21, 2010 Startups & VCs: Learn How to Design, Market, & Eat Your Own. - First Principles.
I would argue that the shut-down of September 2009 was equally severe yet there are signs that this “VC Ice Age” has begun to thaw. But any entrepreneurs raising capital should keep in mind that this opening of the markets could possibly be temporary. Why did the VC markets freeze so quickly? Short answer – yes.
Generally speaking in venturecapital financings the legal documents will specify that only “major investors” (a threshold set in the agreement – which can be $500,000 investor or more). We are doing what we do – writing larger checks and playing an active role at the company. You betcha. Speaks on CNBC.
But should you actually write one if you’re a startup, an industry figure (lawyer, banker) or VC? This is a post to help you figure out why you should write and what you should talk about. GRP Partners last fund is the single best performing VC fund in the US (prequin data) for its vintage year). Absofuckinglutely.
One of the questions I’m most often asked as a VC is what I’m looking for in an investment. This post covers the first out of 10 that I’ll write about. I once had a debate with a prominent VC on a panel. If you fold at the first un-returned email what hope to you have as an entrepreneur? Yeah, right.
Your goal should be to turn your VCs into extended members of your team to get real value from them. Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. Email updates frequently.
I’ve always thought about writing a few posts on features in products that drive me nuts. We all use email in our daily lives. For the most part you send emails to one or many people and you include them all in the “to&# field. Emailing a list for an event - When I email a large group I almost always use bcc.
I told him only 2 weeks ago when we were in London together that I wanted to write a blog post that has been in my head for 2 years. Dave is terrible with email. He’s so bad that his email auto-responder tells you he likely won’t email you back. I knew him well before he became a VC. He doesn’t email you.
You send them update emails. Help them write other stories. One day they’ll write yours. Raising money from angels and VCs some day? Are You a VC? If you wait until you need to fill somebody in a roll you’re losing valuable time as an entrepreneur. You invite them to cocktail parties. Office hours.
This is a blog post I really didn’t want to write. I didn’t want to write it because I have mixed feelings about AngelList. I didn’t want to write it because the bloggosphere doesn’t always do nuance well. So why I am writing it then? As Shervin said, it’s just email. A few reasons.
VC’s Want to Help! To understand what most VC’s want between board meetings I think it’s useful to start with a quote from Mark Solon ’s blog for which I’m in complete agreement (along with agreeing with his entire post, which was brave, honest and accurate ). Most VC’s want to help.
Frankly, I think venturecapital 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? How does the world in Los Angeles intersect differently with venturecapital?
So it was my great pleasure to host Chamillionaire on This Week in VC this week talking marketing, entrepreneurship, old media and, of course, music. As a teenager he experimented with writing & producing his own rap music and received a lot of feedback from elders that he had a talent with words. This was in the 90′s.
That was back when VCs weren’t so quick to respond to emails. People who comment to me privately about how surprised they are by how rapidly I’ve “built a name for myself in VC&# remind me of this fallacy. I hope to offer experiences from being an entrepreneur and being a VC.&#.
I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. Back to regular writing this week so check back in. What did you do before VC and how did that lead you to VC? (1:00 How did you get into VC? (9:30 Thank you. (if
As many of you know I run a weekly webcast called This Week in VC that’s getting between 25-35,000 weekly views across ThisWeekIn.com, YouTube & mostly iTunes. He started by using email (send your eCard to a friend) and there he sees 3-4 clicks back per share action. Yesterday’s show floored me.
Huge thank you to Steve De Long for the write up. Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venturecapital. The value of Pitch Decks; Brad’s personal preferences on deal presentation; and Brad’s practice of accepting cold approaches via email.
As the authors make clear in the book’s preface, their goal is to create a “definitive guide to venturecapital deals” and “demystify the venturecapital financing process.” Brad and Jason have been exposing venture capitalists’ secrets since 2005, when they began writing a blog series on Term Sheets at AskTheVC.
I got three calls from another big name, big check VC. For all the things he’s likely known for, he probably hasn’t yet built a strong relationship as an early stage venture investor (he invests often in later-stage deals where he is very respected). My email back to him was a version of. Why am I so lucky?
“Yes&# was given to me by one of my favorite angel investor / seed VC’s to work with – John Greathouse of Rincon Venture Partners and author of the blog InfoChachkie that you should check out because it is filled with great info from a guy who has been a very successful operator.
Now I’m a VC. Don’t just write a carbon copy of what somebody else is doing. OK, well, actually the first thing I did is come up with a list of 50 posts that I wanted to write. I didn’t want to run out of things to write about in the first 6 months. Every time I write a post I send it out on Twitter.
Fund Raising – No self respecting VC would admit (even to themselves) that they are influenced by what they read about you in the press. Enterprise Sales – The very first thing a potential customer does when you email or call to set up a meeting is Google you. PR pays dividends in Biz Dev. Just like negative press hurts.
Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. Your deck should be so good that a VC asks you for permission to show it to his or her portfolio companies.
Potential employees want to “get together.&# VC’s will want to learn about what you’re up to and later stage VCs will have their 23-year-old analysts call you to tell you how interested they are in your company. “Thank you for writing to me – it’s nice to hear from you (or meet you) via email.
I was saying that I was happy it was all out in the open because I felt at least everybody could now understand the issues & opportunities from the perspectives of angels, entrepreneurs and VCs. Let’s be clear: AngelList doesn’t scare a single VC I know. But it’s not cutting VCs out. It is additive.
I need to take some VC meetings. But it did take Brad as a public spokesman, consummate networker and successful VC to help create legitimacy to let David’s ideas flourish. When you think about the success that is Silicon Valley, the unfair advantage is not just the huge amounts of available venturecapital.
Being the cheeky bugger that I am, this is the exact email I sent him ( courtesy of X1 – I never struggle to find old emails): “As an entrepreneur myself I COMPLETELY understand that you wouldn’t pass up on the impromptu and opportunistic chance to meet somebody so important to your business. They came from New York.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content