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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). I like to say to first-time entrepreneurs, picking a VC is more permanent than marriage. Trust your instincts – they will serve you well as an entrepreneur. This is part of my ongoing series Startup Advice.

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Making Revenue Sharing And Cost Savings Deals Work – Sharing Means Caring

InfoChachkie

Despite the pathetic nature of Barney deals, the big purple dinosaur offered sound business advice to entrepreneurs in a TV episode entitled, “Sharing means caring.” It allows them to avoid the opportunity costs of entering into an agreement that does not yield adequate revenue or cost savings to justify the time and resource investment.

Resource 154
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Know When To Declare Defeat And Toss Out A Bad Idea – Do Not Be Afraid To Say, “That Baby Be Ugly!”

InfoChachkie

The ability to objectively critique ones creative output is vital to an entrepreneur. For instance, when a venture capital partner votes for a follow-on investment in exchange for the future support of one of her investments, idea cronyism is at work. During the 1960’s, Motown’s artistic success was unprecedented. Idea Cronyism.

Ideas 187