September, 2013

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Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

'If you track the venture capital industry it would be hard to miss the conversation going on this week over AngelList “Syndicates.” From the hyperbolic Jason Calacanis weighing in that “The petty VC’s did everything to deride [Naval, the co-founder of AngelList]” as though the industry was collectively s g its pants that AngelList was going to put us out of business.

VC 356
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Your Startup Already Started

This is going to be BIG.

'Last Thursday marked the one year anniversary of Brooklyn Bridge Ventures being a real fund with money in it and everything--so it was fitting that I had my first annual investor meeting. We don''t do anything too fancy. I borrowed a conference room from a friend''s company and we huddled around some great sandwiches and pasta from Catercow. I brought three founders in for the first time and they rocked it.

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2013 Pacific Crest SaaS Survey

For Entrepreneurs

'We worked together with Pacific Crest, an investment banking firm with a specific focus on SaaS, to survey 155 SaaS companies on a variety of topics such as growth rates, CAC (cost to acquire a customer), gross margins, churn rates, etc. The goal of the survey is to provide useful operational and financial benchmarking data. […].

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Failure is the greatest of teachers.

Berkonomics

'Not all companies are successful. The end game can be a failure of the business. In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. The key question is how did the entrepreneur fail? And then: What lessons were learned from the failure? One VC calls this entrepreneur one who “has seen the movie before” and spends time questioning the entrepreneur on lessons learned, often praising the person for

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Not Sharing the Opportunity to Learn is a Cardinal Sin

Tomasz Tunguz

I have never worked for a company that was dogmatic about project postmortems but I have always wished I had. After all, project postmortems teach us so much. Learning from the mistakes and experiences of others constitutes the better part of our business education. It’s why we ask successful entrepreneurs to coffee and hang on every word when they speak at conferences.

More Trending

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Why We Think B2B Crowdsourced Logistics Will Be a Big Hit

Both Sides of the Table

'Six months ago Upfront Ventures announced its first Partner hire since 2007 – Greg Bettinelli. I wrote about him here. More importantly, he has just announced his first investment – he led a $7 million investment in Deliv – please read about it on Greg’s spiffy new blog. It’s been a really exciting time for me personally to be able to see a partner come in with the energy, enthusiasm and new ideas that remind me of myself 6 years ago.

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How Open Should a Startup CEO be with Staff?

Both Sides of the Table

'CEO transparency. It almost sounds uncontroversial. A CEO should tell her staff everything! Right? Right?!? Of course not. It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. It is not. For starters let me use “CEO” as a proxy to include her “inner circle” which might mean co-founders or might just mean senior execs of the business.

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Why The Media Has Been Wrong About YouTube Networks

Both Sides of the Table

'For much of 2013 I watched the press write articles about how the YouTube “MCNs” (multi-channel networks) were doomed and tried to square that with the data I was watching at the one I invested in, Maker Studios, who has had one hell of a year. Maker announced it has raised $62 million this year, acquired an amazing off-YouTube distribution network and grown its business in monetary terms by almost 300% year-over-year off of an already large base.

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If you Can’t Make Time, MakeSpace

Both Sides of the Table

'If you Can’t Make Time, MakeSpace. A few months ago I wrote about an entrepreneur, Sam Rosen, whom we brought on as an EIR at Upfront Ventures. I would have liked to have been even more Upfront with you back then about our intentions with Sam but out of respect to him we held back on our broader thesis until now. Today we announced our launch. Here’s the deal.

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How Top Tech CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

'Today is a day I’ve waited patiently for for 5 years but more earnestly for more than 1 year. I am thrilled to announce that we have added Hamet Watt as a Partner at Upfront Ventures. Now that he’s become a VC he’s promising me he’ll provide way more public information and discourse so please welcome him by following him on Twitter and better yet welcoming him with a Tweet of your own linking to his Twitter handle or this post.

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Why Titles Matter a Lot if You’re a Blogger

Both Sides of the Table

'Gabe Rivera wrote a post on why TechMeme is now using its editors to curate titles that appear on its site. Gabe’s post appears first on TechMeme’s website, which must mean Gabe has paid off some TechMeme editors to get his story to rise to the top. I never saw it go out with a “tip @techmeme” on Twitter. Did you? Well. His article is well worth reading anyways.

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Derisking

This is going to be BIG.

'Risk is really another word for uncertainty. Investing in utilities is fairly low risk, because we''re pretty sure that people aren''t going to suddenly start using twice as much electricity out of the blue (or half as much, unfortunately). Investing in startups is fairly high risk, because not only could they go out of business, but they could be huge home runs.

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How to Present and Answer Questions in a Team Presentation or VC Pitch

Both Sides of the Table

'I sit through a lot of presentations. These range from companies pitching me to portfolio companies presenting at board meetings. Each of these scenarios has a team presenting. Almost always the CEO plus members of his or her management team including tech, marketing, sales and/or product. Some CEO’s are masters at communicating when team members are present.

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Your Fractional Finance and Accounting Team

Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.

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Why Founders Can’t Afford to Have Any Weak Links

Both Sides of the Table

'As I have argued before, a few key people in every organization can make a huge difference on its success. Even for very large companies or even at a citywide level. But that doesn’t forgive the CEO, the board or for that matter anybody in an organization from allowing weak links. In fact, nearly every team work with I encourage them to think about succession planning in the event “that somebody gets hit by a beer truck.” I don’t know where I started using the phrase but

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Stop

This is going to be BIG.

'Stop looking at your paycheck as a measure of success. Stop counting followers as a measure of how loved you are. Stop using likes as a measure of the love you give. Stop using investor dollars as the metric of success for your business. Stop using square footage to feel good about where you live. Stop using pounds to measure your health. Stop using sexual partners as the measure for interpersonal relations.

health 370
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Path to Profit

This is going to be BIG.

'Getting investor dollars is like a sugar rush. As soon as you have that cinnamon bun, you just want another one, and if you don''t get a second one, you crash. If there was one single mistake that crushed my startup five years ago, it was assuming I''d get any more money than what I got in the seed round. That underlying assumption was present in every decision I made.

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Google F1 and The Cascade of Innovation New Databases Create

Tomasz Tunguz

The NoSQL movement launched officially in 1999 but rose to prominence much later perhaps closer to 2008 when Hadoop and other key value pair technologies became en vogue. Today, it’s hard to argue with the success of the movement. Large banks, insurance companies, biotech companies and dotcoms rely on NoSQL to power their services and inform their most important decisions.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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Six Key Benchmarks for Your SaaS Startup

Tomasz Tunguz

One of the most frequent questions entrepreneurs ask me is how does their business compare to others? Benchmarking is a great tool, if you can get access to representative data. Pacific Crest and David Skok have released a fantastic survey benchmarking SaaS metrics for early and growth stage companies. The entire report is well worth reading. Below is my list of the six most important benchmarks and observations from that report.

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Using The Friend Paradox to Maximize Your Effectiveness at Startup Networking Events

Tomasz Tunguz

I’ll never forget the first large tech conference I attended after joining Redpoint. Held in the movie theater in downtown Redwood City, the TechCrunch conference attracted several hundred entrepreneurs, investors and journalists. Not one of whom I knew. After a handful of conferences and a few awkward quick-name-badge-glance-then-say-hello conversations, I started to recognize faces and became friendly with the conference regulars.

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How Wordpress Used VideoConferencing and IRC to Change the World

Tomasz Tunguz

I’ve been reading Scott Berkun’s book The Year Without Pants which details his working life at Wordpress. The book reveals a thought-provoking collection of lore behind Wordpress and in particular, the day-to-day operations of a distributed volunteer team who built a technology that powers about 20% of the internet. Scott embeds insightful gems about daily startup work life into his stories.

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The VC Firm of the Future

Tomasz Tunguz

The venture capital fund of the future will perform the same tasks as the venture funds of today: help portfolio companies, evaluate new investment opportunities and build networks of other investors, potential hires, and founders. But to succeed over the next 25 years, venture capital firms must increase the scale and sophistication of each of these duties by order of magnitude through technology.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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The Best Content Marketing Campaign in the Last Year: Do VC Blogs Actually Lead to Investments?

Tomasz Tunguz

In a very kind gesture, Ivan Kirigin submitted this blog (and Intercom.io’s blog) to answer the question posed by Disqus, What is the best content marketing campaign you have seen and why? I’m honored by his comment. In response, David Fleck, head of revenue at Disqus asked whether the blog has ever led to an investment and whether that’s the right KPI for it.

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You’re Not Finished Selling Until You Change Your Customers Habits

Tomasz Tunguz

It is easy to think the sales process ends once a customer has signed a contract or downloaded an app or created an account. But it’s a huge mistake. Great products have a point of view on the way things ought to work. GMail chose labels over folders for email categorization. Pandora chose recommendations over libraries for music libraries. Looker chose spreadsheets over an SQL prompts for data exploration.

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A million things can kill the deal.

Berkonomics

'So you’ve found the buyer, received a letter of interest, signed it, and tied your company up for a period to complete the deal. Everyone on the board is anxious to close this. You’ve committed time to do whatever is needed. You’ve informed your top management of the pending deal and they know they will be impacted and are a bit skittish. You wonder if you should make a public announcement to your troops, worrying over loss of focus, people thinking of jumping ship, competitors finding mors

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Envision the end game. Advance toward the goal.

Berkonomics

'When we start a business, we are optimistic that we will succeed and dream of riches to follow when the company is sold or even participating in an IPO. Some of us build our businesses to be lifestyle creations, destined to provide for our families but not necessarily as creators of great equity upon an eventual sale. But most of us dream of selling the business someday for lots of money and building our wealth upon that event.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr