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

Both Sides of the Table

We not only have our Series A funds that can write $500k?—?$15 15 million first checks but we also have three growth funds. If you invest early and then pull back in the next 3 rounds your multiples on cash invested are much higher than if you keep writing checks. Defensible IP becomes insanely valuable?—?particularly

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How Many Angels is the Right Amount for a Startup to Have?

Both Sides of the Table

I save room in literally every deal to invite angels (or seed funds) to co-invest with me. Even if one disagrees with the premise, why would anyone feel the need to attack Mike for writing it? If anything it felt like a public service to founders to me. All of my partners at Upfront do. This is a hard one.

Angel 150
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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

” It was meant both as a call to those writing angel checks into other people’s companies that they ought to think about putting that capital toward themselves either by becoming a startup founder or (and this was my real point) by taking an under-market salary in a company where they can learn the right skills to do it in the future.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross margin (GM) is the amount of profit you make per sale of your product or service taking into account your total costs of selling that product or service. So money spent should add equity value or create IP that eventually will. In that article I linked to I outline the difference between gross margin & net margin.

Startup 383
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Top 120 Startup Posts for 2010

SoCal CTO

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.

Startup 378
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Get Inside the Mind of an Angel Investor

Both Sides of the Table

some fun, big tech issues like privacy, net neutrality, location-based services and real-time data. At Sony, he didn’t feel like he could “steer the ship” and get his ideas heard so he left and started GUBA, GUBA had no seed funding. Location-based services, realtime & personalization (1:12:25).

Angel 302