I’m not a fan of convertible notes as the form of an angel investment. When I’m making an angel investment, I much prefer to price the round and do a "light Series A" (simple terms, but still a preferred instrument.) Basil Peters has a series of posts up on Angel blog that talks about the […]
Fred Wilson has today’s great VC blog post up titled I Got Lucky. It’s the story of how Fred got into the VC business – going back to 1986. I met Fred in 1996 the same day I met Seth Godin at Yoyodyne (which ended up being the first investment out of Fred’s new fund […]
Q: At RealNetworks we always expensed (vs. capitalized) engineering expenses (as does MSFT). What is your philosophy on this engineering accounting practice. A: (Brad) Subject to approval by the auditors, I always encourage companies I invest in to expense their engineering costs. Regardless of the accounting treatment, I think it’s a bullshit practice to capitalize […]
Gigaom’s FoundRead has today’s great post up titled F|R Crib Sheet: The Term Sheet Glossary guest written by Jay Parkhill. While you can always entertain yourself for hours with the Term Sheet Series that Jason and I wrote several years ago, sometimes a crib sheet will suffice.
David Feinleib at Mohr Davidow Ventures has today’s great post up titled Why Startups Fail. Given all the consumer web stuff that got funded between 2004 and 2006, we are heading for another wave of failure as companies run out of gas after their Series B / Series C rounds and their investors lose patience […]
Q: I’ve got a software startup that has a novel approach to solving a market problem. However, the solution stems from the nature of the process, not from the code per se. In terms of trying to finance the venture, would this necessitate getting enough funding to be first to market and just try to […]
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