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07.26.2019

Negotiating with your investment banker

Selecting an investment banker is a lot of work.  Below are the things you need to watch for in the engagement letter with an investment banker. Term.  The term of the engagement is generally set at 1 year.  Anything beyond……

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07.24.2019

Advice from great founders on venture capital

The book ‘Founders at Work’ interviews well known tech founders about their earliest days.  It’s well worth the full read, but below I summarized portions that really stood out to me. Introduction “Perseverance is important because, in a startup, nothing……

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07.22.2019

The real meaning of follow on capital

Being a small fund, one common question we get is whether we have follow on capital.  Like most VC’s, we do have follow on and generally invest more than we originally did when we follow on, but like most VC’s,……

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07.17.2019

Dont give shares to adviors

A startup founder recently asked “so what’s the right amount of equity to give to advisors?” The answer is none.   Here’s why. No one cares who your advisors are. We’re a Series A investor and never have I asked “so……

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07.10.2019

Twitter’s crazy story

Recently I read Nick Bolton’s book “Hatching Twitter.”  It is the story of Twitter and it is fantastic.  Below I paraphrased some of my favorite sections, but if there is any book about startups to read this summer, this is……

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