Today’s great post is from Fred Wilson and is titled The Survival Matrix. Fred and his partners at Union Square Ventures give you a quantitative way to determine the level at which you should "freak out" about your cash position. Where do you fall on their survival matrix?
Two great posts on this lovely day in Boulder, Colorado. The first is Due Diligence Reveals All – To The VC by Jeff Bussgang at Flybridge Capital Partners. Jeff explains the three stages to the VC due diligence process and how it works. The second is Be Careful Who You Deal With by Matt McCall at […]
Tom Crotty, managing general partner of Battery Ventures, has today’s best post of the day up over at PEHub. It’s titled The Portfolio Effect: Battery’s Tom Crotty on Why VCs Should Back at Least 25 Companies in Every Fund. Tom explains that, regardless of fund size, each fund should try to have between 25 and […]
(Brad) In response to the post Compensation In A Very Early State Company I got the following question: Q: If comp is at say 50% with 2x equity vesting over a standard term, then in 6 months a series A is completed and there’s more comfortable level of cash in the bank, salary can be renegotiated […]
Q: How do I do multiple closings on a single round work? In our case, we have an investor wishing to give us headstart, certainly I imagine not an uncommon case in friend and family scenarios, though here we’d have multiple rounds of angels, without kicking up the gears to flush out a full seed […]
Q: Everyone tells me the way to approach a venture capitalist I don’t know is through a friendly introduction from someone who already knows that VC. But what happens if I don’t have the connections to get that introduction? Am I screwed? A: (Chris) Every entrepreneur who has raised venture capital has heard it a […]
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