Q: In your experience, what are the chances a talented entrepreneur will make $1M from his startup? (And no, I don’t mean making $150K/year for 6 years and 8 months. 🙂 A: (Brad): I have no clue as it depends on many different inputs as to be an impossible question to answer simply (e.g. you […]
Archives for December 2007
Month: December 2007
Stu Phillips has the great VC post of the day up titled The Valuation Trap. In it, he tells you how to answer the question from a VC of "what valuation are you looking for?" Of course, if I ask you the question, please ignore Stu’s advice and just give me a number.
Q: I’m the founder of a small internet start-up. Among my duties are editing and posting content daily, creating media partnerships, and bolstering our growth with creation of widgets, facebook apps, etc, but I’m also doing all of the fund-raising which feels like it should be my full-time job…if I could. I’m finding it hard […]
Today’s great VC post comes from our partner Seth Levine– “Sales is a Science, not an Art.” I agree with Seth’s take on sales. The most successful sales organizations are metric driven folks who really have control over all the “levers” that can be pushed and pulled to affect change. Given the distributed nature of the sales workforce, […]
Q: Convertible notes are popular instruments for angel investors when a future VC round might occur. But, if it takes longer to get to the venture round than you thought (doesn’t it always?) what happens when the note comes due? Can one investor call the note and put you out of business? A: (Jason). Yes, technically […]
Today’s great post(s) are from Fred Wilson and Bijan Sabet regarding the usage of non-compete clauses for employees of venture-backed startups. Specifically Bijan argues that non-competes should be eliminated and Fred argues that they should not, if properly paid for. It’s an interesting debate, but one that I side with Fred on. Having spent the past 10 […]