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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? And it changed the culture.

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Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

Don’t get me wrong, I do think an important sign from startups is their ability to keep a startup culture going for as long as possible and one sign of this in the early days is scrappiness. It was probably true, but I created the wrong mindset – the wrong culture. I love this saying and what it implies and I use it often.

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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

TechCrunch

John Danner , managing partner, Dunce Capital (an edtech and future of work fund with portfolio companies Lambda School and Outschool). Benoit Wirz , partner, Brighteye Ventures (an active edtech-focused venture capital fund in Europe that backs YouSchool, Lightneer and Aula). Full Extra Crunch articles are only available to members.

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“AirB&E” and Disaster Response for Consumer Startups

Gust

Amid the remembrance of the September 11, 2001 terrorist attacks this past weekend, much was made of the voluminous 9/11 Commission report, which described in excruciating detail countless ways in which the United States homeland security and emergency response infrastructure failed to respond adequately to a disaster of unprecedented proportions.

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What was Nike like as a startup?

Unvalidated Learnings

Such is the company’s current scale and standing in popular culture that it’s hard to imagine it once was nothing more than a scrappy upstart with chronic cash shortages. With venture capital out of the equation, and only two business banks in his town, he couldn’t afford to lose one of them. “I Most wrote him back.

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Austin’s Will Hurley on the city’s incredible tech rise

TechCrunch

He didn’t raise any capital for Chaotic Moon. He launched his latest venture, Strangeworks in 2018 and raised $4 million in seed stage capital. In addition, he created Ecliptic Capital, a $100 million evergreen investment fund that could grow to $150 million by the end of the year. But he did raise $3 million for Honest Dollar.

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Spolsky on Software on Both Sides of The Table

Both Sides of the Table

Blogs weren’t popularized yet so it was an oddity for me to read the founder of a software company spewing out advice. While that happens sometimes, it was a challenge for Google because it frequently had trouble adapting from an engineering driven culture. Lesson: Joel had been building a community of readers since 2001.