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How to Manage a Startup Through Troubling Times

Entrepreneurs' Organization

Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups. Here is advice I collected for dealing with the stress of running a startup: 1. Brad Feld, a partner at Foundry Group and investor in many successful startups, gave me this piece of advice. Remember that you are not alone.

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The Twenty Year Itch: My Last VC Investment Out of Brooklyn Bridge Ventures

This is going to be BIG.

To put that timeframe in perspective, here’s a picture of analyst me taken at USV’s first office in 2005, dressed in khakis and a button-down shirt versus a picture of me, a GP at my own firm, over 100 deals later, now on my latest Zoom board call from my couch at home with my junior analyst of about a year and a half.

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#. In my first company I had to raise money in April 2001 or die. Tags: Pitching VCs Start-up Advice VC Industry startup technology vc venture capital. It’s that simple.

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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. After valuation in the video we went through Liquidation Preferences, Board Seats, Protective Provision, Voting Rights, Drag Along Rights, Redemption, Anti-Dilution and a few other key terms.

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Reading what was written and the VC age question

This is going to be BIG.

I think Fred was trying to offer some friendly advice to young investors that you're going to "take lumps" and that it's worth learning from those who are more experienced. An experienced entrepreneur who has raised money multiple times can be a great board member as well. Try to think about why the person said what they said.

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Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. Within 5 years I was on the board of real businesses with meaningful revenue, strong balance sheets, no debt and on the path to a few interesting exits. How’s that advice holding up? Until we weren’t. Nobody cared about our valuations any more. Let’s deploy faster!

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Who Should you Hire at a Startup?

Both Sides of the Table

This is part of my ongoing posts on Startup Advice. My advice: don’t. This was a reasonable achievement when you consider that it was 2001-02, one of the worst years to be selling enterprise software and we were selling it SaaS style, which was still evangelical back then. I’m not one of those. Your solution?

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