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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” It doesn’t.

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Want to Know the Difference Between a CTO and a VP Engineering?

Both Sides of the Table

They don’t love documentation. Examples: - every time you release new features you need to update your technical documentation. - you also need to update your marketing documents including your website. Tags: Start-up Advice. They’re sometimes moody. They may work strange hours such as 2am – noon.

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Time is the Enemy of All Deals

Both Sides of the Table

You know that every turn of the legal documents can add weeks. They’re not bothered when the lawyers didn’t get the documents out when they promised. If they promised they’d ship documents and they weren’t released I’d be straight on the phone with them. Push hard to document turns. Decide what’s important to you.

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. So my only goal is to give you insights into the conversations we’ve been having in case you don’t have the same access or advice. I’m getting so much conflicting advice, whom should I listen to?

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Why an Entrepreneur Should Consider Outside Financial Advice

Entrepreneurs' Organization

Merrill Edge Vice President Whitney Trimble answers top-of-mind questions about whether or not to seek outside financial advice. Goals-based investing, which is measuring success as progress toward well-defined, documented goals in life is a process financial advisors are able to help investors with.

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73.6% of all Statistics are Made Up

Both Sides of the Table

18% of all errors come from people using the wrong documents. hours are spent every day by workers searching for documents. Tags: Entrepreneur Advice Start-up Advice Startup Advice. It becomes folklore. 13% of GDP is construction – the largest industry. 23% of all costs are inefficient. I encourage it.

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Startup Founders Should Flip Burgers

Both Sides of the Table

This is part of my ongoing series Startup Advice. I hired a senior exec from the building materials industry (we were a document collaboration company for the engineering & construction industry) who was also ex McKinsey. Tags: Start-up Advice. This is a story of one of the risks of venture capital. million were enormous.