2016

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How come VCs are. jerks?

This is going to be BIG.

That was a question posed to me by a new analyst at a venture capital fund. Admittedly, I finished this person's sentence after their long pause. but the word "jerks" was agreed to as the direction they were taking the question. While there are lots and lots of really kind, generous people working in venture capital--the recently retired Howard Morgan, Hunter Walk, Brad Feld, and Karin Klein for example--it's really tough to argue that there isn't widespread jerkery.

VC 405
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The Coming Shift in Enterprise Software

Both Sides of the Table

Today it has been announced that I’m leading a $15 million funding round in Tact , a new generation of Enterprise Software company along with other investors including Microsoft Ventures and previous investors Accel and Redpoint Rather than just waxing lyrically about how great the company is I thought I’d provide some context about why I invested and also about a fundamental change I see in the coming years in the way enterprise software is used.

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From Accelerators to Venture Capital: What is best for your startup?

Gust

With startup growth up 61% since 2014 and more investment programs emerging, it can be overwhelming for founders to know just where to jump in. As the most startup-friendly accelerator on the planet, MassChallenge has helped 835 startup companies around the world, who have raised over $1.1 billion in funding and created over 6,500 jobs. We have seen startups at.

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“You Can’t Be Serious”

Entrepreneurs' Organization

By Davide Frau, EO South Florida. It was midnight on a Saturday when my phone rang. It was one of my business partners, Barnabas Carrega. After the previous 72 hours—which were beyond grueling—I didn’t really feel like talking to anyone. That Thursday, we decided to pull the plug on our first promotional event set to take place during the Sony Open in Miami, Florida, USA.

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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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2016 Pacific Crest SaaS Survey – Part 1

For Entrepreneurs

For the fifth year in a row, we’re proud to work with Pacific Crest Securities, a SaaS-focused investment banking firm, to share results from a survey of 336 SaaS companies. The survey represents deep benchmarking data and insights on growth and operation of SaaS companies. Many thanks to the readers of forEntrepreneurs who participated in the.

SaaS 165

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Pixar President’s Wisdom

Venture Hacks

Some highlights from Ed Catmull’s Creativity Inc. Ed is the President of Pixar. “If there is more truth in the hallways than in meetings, you have a problem. “The desire for everything to run smoothly is a false goal. “The truth is, the cost of preventing errors is often far greater than the cost of fixing them. “Rules can simplify life for managers, but they can be demeaning to the 95 percent who behave well.

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Excited to be an Investor in The Wing

This is going to be BIG.

It means a lot to me to find financial opportunities investing in companies that I can be really proud of--education companies like Tinybop and Tinkergarten , or companies at the forefront of fair labor practices like Homer Logistics. There are others that haven't launched that I'm equally as proud and excited about--and now one more has launched. I'm thrilled to be an investor in The Wing --a Home Base for Women on Their Way.

culture 384
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How to Perform Inception on a VC

This is going to be BIG.

One of my favorite phrases is "performing inception". Inception is one of my favorite movies and I love the idea of meticulously planning out the placement of an idea in someone else's head. That's basically what founders have to do when they fundraise, because you'll never be more successful with an investor who thought it was their brilliant idea to invest in your company, not yours.

VC 412
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Do Androids Get Songs Stuck in Their Heads? My investment in Amper Music.

This is going to be BIG.

This weekend, Heathens by Twenty One Pilots has been stuck in my head. It has such a great sound--and I wanted to figure out what else I could listen to that sounded like it. I don't mean bands that are liked by other people who like Twenty One Pilots. I literally mean songs that sound like it. or maybe just remixed versions of it. I wanted to engage with music, but I can't, because I don't have the ability to manipulate the "source code" of the song.

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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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This Article About Andy Dunn and Bonobos is the Blueprint for Founder Storytelling

This is going to be BIG.

I just read an article about Bonobos --or was it a press release. I'm not completely sure. If you've met Andy Dunn, you'll know why that's going to be a fine line for any reporter, because it's nearly impossible to have a conversation with him without getting wrapped up in a story optimized to share. And damn, does he have his story and the ability to perform inception with it down cold.

founder 366
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Proudly Investing in Businesses that *Get Better* as People Use Actually Them, Not Worse

This is going to be BIG.

Classpass is nothing short of phenomenon--and it's particularly noticeable to me because I passed on its seed round. In my defense, I passed when it was Classtivity, a completely different model focused searching for classes. Obviously, the pivot worked out for them. Still, it's a bit frustrating to see them end their "Unlimited" option to the chagrin of many of their users--just a few months after raising their prices.

investing 296
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The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

I can't think of a single time when a white man came to pitch me and I told him his fundraising plans weren't aggressive enough. Yet this is a message I'm giving to women and people of color all the time. It's not that this latter group isn't aggressive enough--after all, they're ditching everything else they could to to start companies. Something else is at play.

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Did Facebook and Twitter Make Us Better or Worse in 2016?

This is going to be BIG.

Yesterday, I got caught up in letting my frustration over the election boil over onto Twitter, and it's definitely not the first time. It made me ask the following question: Were we better off in 2016 having Facebook and Twitter around? I talked about it with a few people. One brought up #blacklivesmatter and while I hope some important issues were highlighted, I really don't see these platforms bringing about positive change in the real world.

media 399
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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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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

Many startup businesses – tech or otherwise – fail. In our industry we applaud the efforts for entrepreneurs to have tried and we know that today’s failure can bring the experience for tomorrow’s success. We also know that even though many of us who are experienced in startup successes & failures look at businesses and say, “That will never work” (as many people said about Uber) or “You can’t make any money in that business” (as many said

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How I Promise You One of the Most Meaningful Days of Your Life

Both Sides of the Table

I know the title “I promise you one of the most meaningful days of your life” sounds grandiose but I mean it and I hope you’ll read through to the end and choose to take one small, totally free action, that will change your life and likely those of others. On September 10th of this year I spent an entire day in California State Prison with people who had committed felonies and worked with them on business plans to help them create legal enterprise upon their release as part of Defy Ventures 6-mo

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Why I Backed a 24-Year-Old Trying to Assess Human Potential

Both Sides of the Table

Today Upfront Ventures is announcing that we’ve backed Rebecca Kantar ’s startup Imbellus , a company designed to assess human potential and ultimately change the way we teach children. We led a $4 million investment along with Thrive Capital, GLG and Sound Ventures. The news blogs will cover the what, how and how much but I want to focus on the “why” and try to be instructive of what I think makes for a great A-round startup.

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Why Raising Too Much Money Can Harm Your Startup

Both Sides of the Table

Amongst the most often asked questions I get from founders is, “How much money should I raise?” Reflexively founders want to raise as much money as they can because they figure it will give them more resources, better chances of competing and a longer runways before they have to do the often painful job of asking, yet again, for money. Every time you ask for money you’re faced with the possible of feeling literally and figuratively like a failure.

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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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Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

I talk about failure a lot because I think it can be tremendously instructive and I think that success without failure often masks underlying lessons. I even prefer to fund entrepreneurs who have experience some level of set-backs in their careers or startups because I think it brings a humility to decision-making that I find healthy. I have experienced many first-time entrepreneurs with too much hubris if fund-raising came easily and press was fawning and employees joined in droves and customer

startup 261
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Leave Your White Guy Behind

This is going to be BIG.

Over the weekend, Rent the Runway held an event for its Project Entrepreneur initiative, which brought together over 100 female entrepreneurs looking to get education and advice on how to take their businesses to the next step. Unfortunately, one of the panelists, Skinny Girl vodka's Bethenny Frankel, told an African American founder in the audience that if she wanted to raise funding, that she should go out and hire a white guy to be the face of her business.

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What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

There is much discussion online and also in small, private groups, about why the price of technology companies – public and private – are falling. Valuing any company can be difficult because it requires a degree of forecasting future growth & competition and ultimately the profits of the organization. And two big changes have happened that are widely known – in the past quarter the value of some very high profile companies such as LinkedIn and Twitter have fallen substanti

startup 285
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Venture Capital is About Human Capital

Both Sides of the Table

Gregg Johnson, CEO of Invoca For the first 5 years or so after I became a VC I didn’t talk much about what I thought a VC should be excellent at since frankly I wasn’t sure. I was mostly doing my job and trying to figure out how to be better every day. After a decade on the job I’ve started to speak more openly when newer industry colleagues now ask me what I’ve learned.

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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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MakeSpace Raises an Additional $17.5 million and Unveils Strategy to Make Public Storage the Next Blockbuster Video

Both Sides of the Table

MakeSpace , the leading provider of next-generation storage for consumers, today announced an additional $17.5 million in funding on TechCrunch led by Harmony Partners and Upfront Ventures to double its footprint of 3 cities (New York, Chicago & Washington DC) to 6 in 2016. We raised this capital in what has increasingly become a difficult market for fund raising so I’d like to share with you some details on how we get it done.

strategy 282
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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy. When I publicly Tweeted that all companies should be gross margin positive many people pointed out that Amazon wasn’t profitable for many years.

startup 280
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Things I believe.

This is going to be BIG.

I believe in solvable problems, but that you can't make progress on them until everyone involved accepts responsibility for causing them. I believe that if you aim for compromise, you will be less successful than if you aim for creativity. I believe that if you treat people like you believe they can be better than they are, they will be. I believe that if you're not doing everything you can to get them there, they'll fail without you.

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So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

There is much talk these days that startup valuations have decreased and may continue to do so and that the amount of time it takes to fund raise may take longer. As I have pointed out in previous posts , 91% of VCs surveyed believe prices are declining (30% believe substantially) and 77% believe that funding will take longer than it has in the past.

startup 259
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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