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TechCrunch Europe ran an article in November of last year that European startups need to work as hard as those in Silicon Valley and I echoed the sentiment in my post about the need for entrepreneurs to be maniacal about their businesses if one wants to work in the hyper competitive tech world. We were based in London.
I took the opportunity this past week to publish summary notes of some of the VCs and entrepreneurs I had interviewed on This Week in VC. One of my goals in doing the show was not only to educate entrepreneurs but also to put a human face on many of the VCs in our industry as VCs can be hard to get to know. 5:00 – 5:55). 6:00 – 7:30).
I’m writing this post to explain to entrepreneurs what you should be thinking about in terms of the VC’s you approach and the size and stage of their funds. If the VC your talking to raised its last fund in 2002 then they likely don’t have much fire power for new investments. What is total assets under management? -
The Past (1985-2002). Next began the era of “spam-based&# networks of which Plaxo (founded in 2002) was the king. It was obviously a scheme set up by young entrepreneurs to line their pockets and some big-company executives who didn’t understand innovation. Social Networks: Past, Present & Future.
eBay hosted a jobs fair in 2002 for 75 jobs and 2,000 people showed up,” states Martino. How should startups adjust their pitch when fundraising during this crisis? Being a consummate entrepreneur, Martino decided to turn it into a script and see if he could make a go of turning it into an actual movie. The risk paid off.
Instead of going into a pitch meeting hoping to eke out favorable terms, Rafaeli advises entrepreneurs to interrogate investors with direct questions about liquidity, exit expectations and how they intend to add value over time. “The best working relationships are those built on an equitable footing with honesty and clarity.”
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