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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

Defensible IP When I’m asked by newer, younger VC partners for advice on our sector, one of the things I always emphasize is looking for companies who have built defensible intellectual property (IP). Defensible IP becomes insanely valuable?—?particularly Over the past 2.5 particularly as you achieve scale.

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

You will learn about running board meetings, setting up the ultimate financial plan, leading a team from the top, dealing with the press, raising capital, etc. There is often money to be made in finding places with under-valued IP. We looked at the IP and realized it was highly differentiated / hard to replicate.

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The Long-Term Value of Loyalty

Both Sides of the Table

I learned how to get press coverage when we were no longer “hot.&# I learned how to manage costs effectively. But the firm that funded my first startup was loyal to me for having stuck around in what they knew to be pretty tough times and having suffered much dilution. I was loyal to this group of people and still am.

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