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The Problem with Startup Advice

This is going to be BIG.

I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. Often times, the advice is terrible or impractical. Try and figure out exactly what a startup had to show at the moment a VC chose to invest in them. Why should that stop me, though?

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The Amazing Disappearing VC

This is going to be BIG.

A number of VC firms have hired specialists in the area of recruiting. One of my potential investors called me the "lean VC". Reading their needs and responding quickly with some firsthand experience and timely, appropriate advice--that's a fulltime job. Others have partners with expertise in PR.

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Why Founders Have No Clue How They Raised (Or Failed To)

This is going to be BIG.

They had constructed a very specific story about how that company’s features would win out over and above the deal that they missed. For years, he went on to advise other founders about how to generate VC interest, which really could have amounted to, “Be a warm body with a pulse in a sector that firm got shut out of a deal in.”

founder 317
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Stock Market Drops. Then It Rallies. What Happens Next for Funding?

Both Sides of the Table

I spent my days meeting companies, figuring out what areas of the market interested me and trying to get a sense for how VCs thought about fair valuations. I thought about things I never had to as an entrepreneur: check size, ownership percentage, deal stage, portfolio construction and risk. But I guess you could say the same about VC.

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How You May be Signaling Price without Knowing It

Both Sides of the Table

This is extra frustrating in an era in which all you read about is how frothy the VC / funding market is these days. Obviously the diagnosis can have many route causes: Sometimes it’s a question of a market that is less sexy than the current VC fad. I try to be constructive. It was the silent killer.

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How to Configure Your Startup Team

Both Sides of the Table

Hire admin / office management after you raise a reasonable size VC round. Be careful about board construction. Limit the number of VCs. It will pay huge dividends in avoiding the CEO tied up in admin and allow him / her to focus on bigger picture items. Equally limit the number of management.

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Reverse Engineering a Career

This is going to be BIG.

You can do nearly absolutely anything within one or two years time--as long as you put your mind to it and construct a plan. Oh, and by the way, I've given this advice to tons of people over the years, and rarely does anyone ever take it--so if you do decide to do this, let me know, so can at least have more than one example that it works.