Oh, go ahead and ask for a five-million-dollar investment in your startup.

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Entrepreneurs have a vision for what and how to create and build a great business.

How Do VCs Choose Their Investors (and should entrepreneurs care?)

Both Sides of the Table

I recently read a blog post by Beezer Clarkson, Managing Director of Sapphire Ventures about why entrepreneurs should care about from whom their VC funds raise their capital. How much money will they reserve from their fund for future investments in your startup?

Why Startup Entrepreneurs Need to Communicate More Like George Bush Than Al Gore

Both Sides of the Table

I use George Bush vs. Al Gore as allegory and I’ve been using it with entrepreneurs for years to sink in a simple point about how to communicate with the market. Most Silicon Valley tech entrepreneurs I know are more like Al Gore. Entrepreneur Advice

Outbound VC Dialing Programs – Total Disrespect for Entrepreneurs

Both Sides of the Table

“Hi [entrepreneur], I hope all is well. It's big, well known & we've invested in all of these really cool companies]. I know the firm well and I know the entrepreneur & his business well. So I have to imagine many other entrepreneurs felt the same.

Consider all resources before seeking investment.

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. The investors want a motivated entrepreneur, and it is certainly more difficult to motivate a twenty percent owner than a sixty percent owner. Entrepreneurs have a vision for what and how to create and build a great business.

Startup Children – How To Parent An Entrepreneur (Part I) - Teach Your Children To Create Something Out of Nothing

InfoChachkie

I recently answered the question “ What are good ways to raise your children to be entrepreneurs? ” I believe that you cannot teach someone to be an entrepreneur, but that you can teach entrepreneurs. Plot Summary. Dishonest entrepreneurs are unsuccessful in the long run.

Angel Investing (1): Dealflow – Are You Sitting at The Right Poker Table?

Both Sides of the Table

Executive Summary. I believe the rise in angel investing is here to stay and the professionalization of this class (aka “super angels&# or “micro VC&# ) is a good thing for the VC industry and for entrepreneurs.

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Angel Investing 4 – Why You Need Deep Pockets to Win Big

Both Sides of the Table

This is the fourth article in a series on what it takes to be a great angel investor (and why this should matter to entrepreneurs). Markets like these are very kind to angel investors because you get taken out early and see a nice pop on your investment.

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I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). As I naturally get asked all the time why we invested in Company A or Company B, I thought I’d just put forth my thesis in writing. Naturally I’m excited about this investment or I wouldn’t have done it.

Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? My answer always varies as I examine each deal, sometimes deferring and passing on an investment because of an uneasy feeling about the entrepreneur, even if the business plan seems able to capture the market.

Once again: Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? My answer always varies as I examine each deal, sometimes deferring and passing on an investment because of an uneasy feeling about the entrepreneur, even if the business plan seems able to capture the market.

Interview: Paige Craig, CEO BetterWorks

InfoChachkie

Paige is a gifted communicator and my summary does not do him justice. He offers a number of worthwhile tips and tricks that I was not able to capture in the textual summary, so the 14-minute audio file is well worth your time. Entrepreneur Interview The Fringe

Interview: Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks

InfoChachkie

What follows is a summary which paraphrases Naval’s responses. Venture Hacks is educating entrepreneurs on the game theory of how to raise venture capital. 5) Rincon Venture Partners recently invested in The Resumator , which we identified via AngelList.

Should You Really Sit on Other Boards When You’re a Startup Founder?

Both Sides of the Table

We live in an era where the press espouses the entrepreneurs who have five startups. But for now, the summary is: You’ll extend your network. . Entrepreneur Advice

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Startup Fundraising 101: Getting Ready To Raise A Round

Tech Zulu Event

These are usually the first sources entrepreneurs tap. If you go this route, be careful to make the stakes clear: i.e., that they could lose their whole investment. Angels (invest their own money) and super angels. First things first. Why raise funds?

Interview: Clark Benson of Founder & CEO of Ranker.com - Dicusses Playing Nice With Google

InfoChachkie

What follows is a summary which paraphrases Clark’s responses. 4) One of the reasons we invested in Ranker is because one of the current investors, who also invested in one of your prior ventures, told us, “Clark will go above and beyond to get you a return on your money.”

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Boy! If I had only learned this before spending a million!

Berkonomics

In 1994, (I know a long time ago), I invested over a million dollars into a company whose entrepreneurs had a vision that I bought into for many reasons, not the least of which was that I had industry experience and understood the need.

It’s mostly in the execution.

Berkonomics

My experience personally reviewing over three hundred executive summaries each year, all sent to me unsolicited, seems to bear out the truth in Tyson’s statement. “Everybody’s got a plan – until they are punched in the face,” stated boxer Mike Tyson.

Rethinking Board Observers – The Role of the “Silent Observer”

Both Sides of the Table

There are some small investment firms where every 4th or 5th meeting a second partner attends the meeting. The summary lesson for entrepreneurs is – know what you are signing up for in observers when you grant them legal rights to attend board meetings. Entrepreneur Advic

Taking on the Issues of the Day with Jonathan Strauss

Both Sides of the Table

I’ve wanted to come back but had a busy year on the road meeting with investors and making a few investments of my own. I like that people can watch a long-form discussion with VCs and entrepreneurs covering the issues of our day. Entrepreneur Advice

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Here Are the Details About Upfront Ventures’ Newest EIR – @Chamillionaire

Both Sides of the Table

What Cham rarely tells people – he’s both private and humble – is that he started making some small co-investments with me in tech firms starting with Maker Studios where he was one of the earliest investors.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

Summary notes, as always, provide below. He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. Too many entrepreneurs focus on dilution.

Steven Blank Kills It at Greycroft CEO Summit

Both Sides of the Table

Entrepreneurs always walk away with new relationships, knowledge, deal discussions and enthusiasm. And it’s his mantra for successful entrepreneurs, “you need to be extremely focused on the details.” Tags: Entrepreneur Advice Start-up Advice Startup Advice

The Pivot You Need to Read About

Both Sides of the Table

It’s a testament to two fantastic entrepreneurs Eddy Lu and Daishin Sugano — who have been nothing but a pleasure to work with over the years. We talk often about wanting to work with entrepreneurs who are truly committed to their cause and these two personify that belief.

Why 2017 Should be a Great Year to Raise Venture Capital

Both Sides of the Table

The results are in ( full deck is published here ) but a summary would be: VCs are significantly more optimistic about the startup ecosystem and their likelihood of funding than they were just a year ago While a year ago many VCs were planning to cut their pace of investments now very few are.

What to Make of Andreessen Horowitz’s Returns?

Both Sides of the Table

Scott Kupor of A16Z responded with a comprehensive overview of valuation methodology in a post that while accurate feels more targeted at sophisticated Limited Partners (LPs) who invest in funds. As an entrepreneur I never really knew what to make of VC return data.

Want to Start a Technology Company in LA?

Both Sides of the Table

We have many seasoned entrepreneurs who have built successful companies here and made a lot of money for investors and themselves. LA generally doesn’t have an appetite for this kind of investment at early stages. Summary – there is a lot of talent here.

People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

But I knew that to be a good decision maker I needed first hand knowledge rather than just a summary from my CTO. It’s why when I’m evaluating an investment I often ask the CEO lots of detailed questions about all parts of their business.

How Dealstruck Is Using Crowdfunding To Power Loans For Small Businesses

socalTECH

I think there is something very encouraging and sustaining about getting income from an investment, and participating in a loan, and where you''re paid immediately, rather than waiting for three to five years for a startup to hopefully exit, get to an IPO, or go raise more capital.

Is it the jockey or the horse?

Berkonomics

Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? If you are looking for money, this question will certainly come up in one form or another when you approach professional or organized angel or VC investors. My answer always varies as I examine each deal, sometimes deferring and passing on an investment because of an uneasy feeling about the entrepreneur, even if the business plan seems able to capture the market.

The Fallacy of Channels: Startups Beware

Both Sides of the Table

You’ve invested $1 million in building the perfect application the meet a large market need. and you’re ready for your big round of VC investment to come in. It’s the definition of “investment.&#.

Frank Addantes FounderBlog: Startup 5.0 – I’m just going to chill out for a bit… (OK, for a month…)

Frank Addante

► August (1) Invest in Transparency & Active Communication ► July (1) The Fear of Success ► May (2) Optimized for Speed = 30% Waste Happy 1st Birthday Rubicon Project! We invested the first $1 million to develop version 1.0 Additionally, entrepreneurs get tired.

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. Most entrepreneurs (and VCs raising from LPs) think this means progress.

6 Tips for Building Relationships with Journalists

Both Sides of the Table

Help them better do their job – I’ve always been a big believer that relationships with journalists are a long-term investment. Summary: Journalists are people. Tags: Entrepreneur Advice Sales & Marketing Advice Social Media Start-up Advice Startup Advice

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How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

If you truly believe that you, your company and your products are exceptional and your company will be valuable then you’re actually doing them a FAVOR by helping them invest in your startup. an investment in your company. Remember, I was an entrepreneur for 10 years before a VC).