Question: Should entrepreneurs avoid patents, especially examining them, to avoid willful infringement and 3x damages down the road? You should know that the word “patent” around this blog is a four letter word. Brad hates them and thinks most should be abolished. I’m not quite so forward-thinking, but I will tell you that I think […]
Question: Do all VCs have degrees from the very top schools? Is it a job requirement? I will graduate soon from an honors program at a state school. The conversation usually goes well when I pitch my background, internship, and areas of expertise then takes a turn for the worse when I say where I […]
Question: Can you describe the due diligence process from the VC’s perspective and how long this generally takes? Do you have any advice for entrepreneurs to keep in mind as they build a company that would help accelerate the process? The diligence process is a varied one with respect to timing, but pretty standard with […]
Q: You (VC guy) are thinking about making an investment in a new company. The founder(s) relay to you that they are interested in finding a new CEO once the VC money comes in. As a VC, would it make you more or less confident in the founders? First of all, it’s great when founders […]
Question: I’m curious. I understand that VCs have primarily four functions they perform: raising funds, screening and investing in new businesses, managing current portfolio companies and some level of investor relations and internal operations. How do you divide your work day? What percentage of time do you think you dedicate to each area? Maybe I’m […]
Question: I founded a hardware startup in 2000. We have not had an exit yet, but it’s been successful. We have 9 VCs who invested in us and 4 are on the board. I am thinking about starting another company, because the idea is worth it. What would be the VCs point of view on […]
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