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Why You Need to Ring the Freaking Cash Register

Both Sides of the Table

I remember just a decade ago in 2003 when we all laughed at how dumb people in the 90′s were talking about the race to “capture as many eyeballs as possible” before your competition. If that’s you, you can ignore my advice. Startup Advice' I have seen much of that behavior over the past 2 years get worse.

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Bad Notes on Venture Capital

Both Sides of the Table

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. And so forth.

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Embrace Losing – It Will Make You Stronger

Both Sides of the Table

This is an updated post from my ongoing series on Startup Advice that I learned from founding two companies. . Last year I lost a deal in a company that I wanted to invest in and that I thought I should have won. In the 2003/04 timefame I was living in the UK and running my first company. I HATE LOSING. I hate it.

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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. So, too, investments.

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Rustic Canyon Speaks out on GaiKai Exit, Changing Nature of VC, LA Tech & More

Both Sides of the Table

And no wonder, lately he and his partners are on a tear, investing out of their $200+ million VC fund. They recently exited their investment in Gaikai for $380 million while their rival OnLive (who had raised > $200 million) just went through bankruptcy. I’ve laid out my policy on seed investing pretty clearly and publicly.

VC 279
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Embrace Losing – It Will Make You Stronger

Both Sides of the Table

This is an updated post from my ongoing series on Startup Advice that I learned from founding two companies. . Last year I lost a deal in a company that I wanted to invest in and that I thought I should have won. In the 2003/04 timefame I was living in the UK and running my first company. I HATE LOSING. I hate it.

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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

It’s the one bit of advice I find myself giving most frequently these days, “raise money at the top end of normal.&#. If you invested in the first angel round of a startup company it is usually very hard to sell your stock – usually for many years if ever at all. Here’s what I mean. They are pretty illiquid.

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