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Let’s review all of our existing investments. But I guess you could say the same about VC. Stock market declines would bring back dog days of VC. If you want a comprehensive summary of the industry in this era it’s worth a read: VC Ice Age Part 1 – What Happens When a Market Comes to a Standstill?
David encourages entrepreneurs to stay away from the big tech firms (such as Google, Facebook, Microsoft, Apple) because they are hard to compete with. I believe entrepreneurs should, in David’s words, “build big businesses on the outskirts” but I don’t believe that Silicon Valley tech giants will outmaneuver startups.
Most of them are completely mundane such as choosing which: bank, office space, 1-year lease vs. 2-year lease, logo, URL, pricing structure or which VC. The technology team disagrees on direction and wants resolutions. There’s a guy in Los Angeles that I met at several tech networking events. I said that was my point.
I’m writing this post as part of my series with Advice on Raising VentureCapital but will file it under Sales Tips as well since it applies equally to both scenarios. You’ve found a VC partner or principal who has invited you to the Monday partners’ meeting. Congratulations.
Fool A Fool – I sold surgical robots from PowerPoint slides in the early 1990’s, before the robots existed. In contrast, we value entrepreneurs' time and thus our diligence generally includes introducing them to potential customers and partners. Customers Are All That Matter. You can follow John on Twitter: @johngreathouse.
“Yes&# was given to me by one of my favorite angel investor / seed VC’s to work with – John Greathouse of Rincon Venture Partners and author of the blog InfoChachkie that you should check out because it is filled with great info from a guy who has been a very successful operator. This is all explicit decision making.
My original thinking from Oct ’09 was, while I didn’t (and still don’t) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn would drive the stock market south and cut the rate of M&A activity and VC investment even further.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
10 Ways To Be Your Own Boss - A VC : VentureCapital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. had two occasions recently to review products which had clear market leadership. gave him my favorite, "keep it to six slides."
So things that have to be done early get done early, but only at the last possible moment that the early task is due. The first was to do a 5 minute “ignite&# presentation – 5 minutes, 15 slides. I did the outline of the 15 slides on the flight over (after a few beers). Internally I was a wreck. I couldn’t.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
Join JJ Richa in a fireside chat with Scott Fox, CEO of the OC Startup Council, for a discussion of the top mistakes that early stage entrepreneurs make when pitching their startups for funding.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
When I need to give a speech and I’m writing a slide for my deck, I think up the story in my mind that I’m going to tell for this slide. I want to know how many people, their level of tech sophistication, their age and their interests. How much power does Google have due to search? So I thought I would.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
Management teams whisk through slides trying to get through a presentation to share how great things are going and they are eager to get through the meeting so they can get back to their real jobs. The board’s job is to review the company’s financial performance and strategy and help provide counsel to the executive team.
How Most Board Meeting Prep Works I’ve been sitting on tech boards for two decades so I have some experience with what goes wrong. The deck itself was produced by a committee of functional team lead who were asked to do 5–7 slides each for an update. Each section head reads his / her 5–7 slides. There are too many pages.
Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. If you have ten minutes, that means no more than ten slides.
There has been much discussion in the past few years of the changing structure of the venturecapital industry. The rise of “micro VCs” or seed-stage funds. The rise of alternative sources of capital (crowd funding and the like). On the surface the narratives have been.
I had previously raised VC in 1999, 2000, 2001 and 2005. In case VC’s haven’t figured this out yet, shit rolls downhill. My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. And covered we did.
In order to understand how to “get to yes” with a VC you first need to understand how VC partnerships make decisions and then you can understand how to increase your odds of closing a deal. VC Partnerships Start by understanding how many partners are at the firm you are approaching. Reciprocity is equally destructive.
I continue to collect great content that is the intersection of startups, products, online and technology. The United States is now a debtor nation to China and that the bill is about to come due. These are probably the two sites where I've posted the most reviews. One out of ten of Americans are out of work. By doing the job.
The week before your meeting 2 people need to cancel due to travel conflicts. You can go as high as 1% because they’re going to get diluted when you bring in VC. Don’t overplay in your VC pitches – Final bit of advice – don’t overplay the advisers in your VC pitch. Have 8 of them!
In the technology world there are a few websites that most startups track to keep up with the latest financings, acquisitions, product announcements and gossip: BusinessInsider, TechCrunch, Mashable, GigaOm, etc. In the VC & Private Equity world there’s a small number, too, with one of the most respected being PEHub.
In most cases, these applicants for equity funding must be rooted in technology to apply to this limited discussion. You will have to hone your story well, down to fifteen minutes and perhaps fifteen slides in your presentation. Then there is venturecapital. Friends and family investors. Accelerators.
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