Q: I self-financed and run a profitable Internet based start-up with more customers than I can handle. I can take the business to where it needs to be without outside funding. However, it will take much longer to grow organically. I’ve considered working with financiers for guidance and capital. What is the best route to […]
Q: What type of structure have you seen where the VC agrees to fund over some time period 18-24 months and up to some level. A: (Brad): These are commonly called "Tranched Financings." The typical approach is that a VC commits to fund a specific amount in multiple "tranches" based on the company achieving some […]
Q: One of your deal screens that you mentioned was “comfort with the people involved.” What do you say to the entrepreneur when that is the main factor that steers you away from a deal – e.g. the situation where there is a clear sense of discomfort in your gut with the ability of the […]
Q: What do you expect to see from an entrepreneur whom you don’t know or have a casual introduction to before scheduling time to listen to a pitch? A one-pager? A complete powerpoint? A classic business plan or a casual one? A: (Brad) While everyone is a little different, I’m pretty simple. Optimally, I’d like […]
Today’s great post is from Josh Kopelman and is titled I Don’t Know. In it he describes two meetings and explains the key importance of founder credibility – and why the founder in the second meeting had much more credibility than the one in the first. Oh – and he nudges all of his know-it-all […]
Today’s great post is from Albert Wegner at Union Square Ventures titled Structural Change and Marketplaces. If you want a view of how Albert and his partners think about marketplaces (and the structural changes occurring) read carefully.
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