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How Boards Need to Evolve Over Time

Both Sides of the Table

With small amounts of money invested (sub $3 million) the risks are reasonably low for most VCs and the consequences of bad decisions or decisions a VC has limited say in is tolerable. I should note that my friend Brad Feld has written a new book on the subject that I would recommend if you want the bible on the topic. In the Early Days.

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George Powell – Doing Well By Having Fun

InfoChachkie

John Greathouse: You pulled out your old college skateboard in the early 1970’s when your son wanted one. Greathouse: What was the turning point, from making a wheels by hand in your kitchen to creating a business? To go into production, I needed to build hundreds of molds and invest in a cost effective quantity of wheels.

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Don’t Let Your Startup O.D. On Cash

InfoChachkie

Startups should only spend their money on initiatives that deliver a discernible, measurable return on investment. If there happens to be a gas station along the way where you can fill up for a reasonable price, great. Sound counterintuitive? However, do not count on it.

Startup 100
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

Some channels will be expensive but highly scalable, such as direct response radio, while others will be less expensive, but more difficult to scale, such as search and affiliates. In addition, you must consider your customers’ lifetime value by channel , as there can be a great deal of variance between various clusters of customers.

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Roping in the Legal Eagles

InfoChachkie

If you are charged for every nanosecond you spend with your lawyer, consider finding one who is willing to “invest” more aggressively in your success. A startup-oriented lawyer may not be able to convince a jury of a guilty man’s innocence, but they can guide your adVenture through the menacing legal shoals it will no doubt face.

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This Philanthropist Is Winning Skirmishes With Poverty By Tapping Into An Inner City’s Entrepreneurial Spirit

InfoChachkie

It performs "due diligence" before it makes "investments" and it measures results as a "return on its investment.". Our fantastically inefficient Federal Government could learn a great deal from the folks at ABC. Second, our “investment” in a nonprofit goes well beyond just dollars. ABC''s Founder And CEO Speaks Out.

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Confessions Of A VC: Crap – Why I Passed On Uber’s Seed Round

InfoChachkie

Too bad, as the initial funding round has increased over 4,000 times in value, making a $250,000 investment worth more than $1,100,000,000. However, passing on a killer investment is not the worst error an investor can make. However, passing on a killer investment is not the worst error an investor can make.