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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

The startup ecosystem is a terrific manufacturer of bad fundraising advice. Or that venture capital is a meritocracy? This doesn’t take into consideration, however, that venture capital is a financial product—a product that works for some people and doesn’t work for others. What are the characteristics of this product?

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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

Marc Andreessen kicked off another great debate on Twitter last night , one that I’ve been talking about incessantly in private circles for the past 2-3 years – what actually IS the definition of a seed vs. A-round. Whom you take advice from really matters. My personal definition? Nobody cares. So back to reality.

VC 399
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What is the Definition of a Seed Round or an A Round?

Gust

Marc Andreessen kicked off another great debate on Twitter last night, one that I’ve been talking about incessantly in private circles for the past 2-3 years – what actually IS the definition of a seed vs. A-round. My view: “Spending any time or energy trying to game the ‘definition’ of your round of fund raising is a total waste.

VC 136
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Some Advice Before You Hit the Fund Raising Trail

Both Sides of the Table

It definitely has a “d” in it, as in it’s really not fun, raising. the most counter-intuitive fund-raising advice you’ll get 8. Fund raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. Just send me your dog damn deck 7.

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Good Judgment Comes with Experience, But Experience Comes from Bad Judgment

Both Sides of the Table

This is part of my Startup Advice series of posts. I heard Bruce Dunlevie of Benchmark Capital say these words at a conference in London nearly 10 years ago. I definitely don’t rule out first timers – I just invested in one to be announced soon who I am really excited about – but I greatly prefer experience.

advice 333
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How Many Investors are Too Many?

Both Sides of the Table

You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. By definition you can’t have 3 investors each wanting to increase from 5% to 20% ownership or you’re fawked anyways.

VC 314
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Why Startups Need a Well Articulated Strategy (And How to Think About Yours)

Both Sides of the Table

I guess this is the ultimate definition of implementing a business model when you’re not clear on strategy! I see many companies these days just race to raise capital. They see capital raising at the success validator. If it’s the former your company will definitely start to top out at some point.

strategy 401