Both Sides of the Table

FEBRUARY 25, 2010

I lived through this again September 2001. Many deals – VC or otherwise – didn’t close. VC, sales, biz dev, M&A or otherwise. Especially in VC. This is part of my ongoing series with Startup Advice (although this also applies tightly with Raising Venture Capital ). I lived through this again September 2001.

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venture capital advice VC real estate 301

Gust

SEPTEMBER 17, 2014

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Could be a VC seed lead, a VC lead an angel lead.

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VC financing finance entrepreneurs 153

This is going to be BIG.

APRIL 3, 2012

I think Fred was trying to offer some friendly advice to young investors that you're going to "take lumps" and that it's worth learning from those who are more experienced. Of course, you don't always need that experience from a VC. So the next time you read something that you have a viceral reaction to, re-read it.

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Both Sides of the Table

SEPTEMBER 29, 2009

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. I would argue that the shut-down of September 2009 was equally severe yet there are signs that this “VC Ice Age” has begun to thaw. Why did the VC markets freeze so quickly? Short answer – yes.

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Both Sides of the Table

APRIL 22, 2010

This is part of my startup advice series. It’s still important advice for startup founders and something that I’m passionate about. And good VC’s feel the same way. When my company hit the fan in 2001 I could have easily walked and gotten a better paying job. Tags: Start-up Advice. Not at all.

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advice peer-to-peer consulting startup founder 392

Both Sides of the Table

DECEMBER 18, 2009

You’ve got to be able to come out of unsuccessful VC meetings, pull your socks up, and go into the next pitch. As a VC if I can tell that you’ve survived tough times and you don’t appear beaten down that’s a huge plus. This was soon after the bursting of the dot com bubble – in early 2001.

entrepreneurs 298

entrepreneurs advice VC SaaS 298

Both Sides of the Table

JULY 29, 2010

People assume that I’m biased because I’m a VC and think you should always get the highest valuation possible. The A round was done in February 2000 (end of the bull market) and my B round was done in April 2001 (bear market). But if you do this early (pre VC) then the price points are pretty low. This is wrong.

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venture capital capital ventures angel investing 282

Both Sides of the Table

OCTOBER 22, 2009

This is part of my ongoing posts on Startup Advice. Please don’t also confuse this with whether a VC should invest in a CEO who’s done it before – that’s a given. My advice: don’t. Tags: Start-up Advice startup technology. Only Hire A+ People Who Punch Above Their Weight Class. million.

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startup advice SaaS consulting 327

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. My advice to entrepreneurs is to have a sense of purpose and stick to that regardless of what you’re reading in TechCrunch or Business Insider.

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consulting leadership entrepreneurs advice 302

Both Sides of the Table

NOVEMBER 29, 2010

Our first big institutional round of VC was $16.5 We went “nuclear&# and slimmed down to 33 people (yes, I know, still large by today’s standards but this was 2001), raised $10 million and we built a real company. I learned everything I know about startups in these lean years: 2001-2004.

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culture construction startup advice 333

Both Sides of the Table

AUGUST 24, 2015

I’ve seen friends (and family members) lose much of their savings that way over the years because “Black Swans” happen and in 1987, 2001, 2003 & 2008 (just to name a few from my memory) huge market gyrations caused much financial distress to people seeking short-term gains. p.s. my normal health warning.

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financing finance ventures real estate 344

Both Sides of the Table

JANUARY 31, 2010

I had finally appeared on the front cover of a magazine (TornadoInsider – then the top European VC magazine) but I felt so fat in the picture I never sent it to anybody. Then I got engaged to be married in late 2001 and had the motivation to get really serious. Tags: Start-up Advice Startup Advice. You can do it.

entrepreneurs 308

entrepreneurs advice venture capital real estate 308

Both Sides of the Table

FEBRUARY 8, 2010

You’re tied at the hip to your VC. So my first advice is not to rush in the fund raising process. Get to know VCs over a long period of time so that when you’re ready to get engaged you feel you know their character. Good recruiters never stop at the official list and neither do VCs. Don’t stop there.

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VC advice entrepreneurs venture capital 288

This is going to be BIG.

MAY 5, 2023

Last August, I passed the point at which I had spent literally half my entire life working in this asset class, having started at the General Motors pension fund doing institutional investments in venture funds and late-stage directs back in February of 2001. It hasn’t always been as rewarding as it could be, however.

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ventures investing investment VC 545

Both Sides of the Table

DECEMBER 11, 2022

2001–2007: THE BUILDING YEARS The dot com bubble had burst. Between 2006–2008 I sold both companies that I had started and became a VC. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC).

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VC culture sustainability capital 466

Both Sides of the Table

JANUARY 16, 2012

There is all sorts of advice on the Internet about how to raise capital. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. And of course I’ve sat on the other side of the table: As a VC. I’ve tried to make this advice as well-rounded and biased free as I can.

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strategy development VC advice 366

Both Sides of the Table

MARCH 11, 2010

It also takes options off the table if you eventually find out that this isn’t a VC backable business. I’ve spoken about this in a post entitled, “ Do you even need VC ?&# Tags: Entrepreneur Advice Raising Venture Capital Start-up Advice Startup Advice. Don’t let that be you.

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startup advice venture capital VC 319

Both Sides of the Table

APRIL 27, 2010

If you want that advice please click on the link. Most of what I learned about operating startups I learned from the really tough years at my first company from 2001-2003. My company had raised venture capital in April 2001 but we were told that there may never be any more coming. He’s family and he knows it.

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advice venture capital VC construction 285

Both Sides of the Table

SEPTEMBER 13, 2009

We then had a piece in Time Magazine, The Wall Street Journal, Europe, we ran front cover of Tornado Insider (the top VC magazine in Europe at the time). 2001-2004 were very humbling but we built a real company. If you need VC, no better time than the present. Tags: Start-up Advice startup technology.

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media advice VC capital 310

Both Sides of the Table

FEBRUARY 17, 2011

Again, this is highly individualized so no generic advice can be offered. It’s hard for many VCs to get excited about funding a company who is going to compete with somebody who just raised $10 million from an A-list VC (although this can go the other way, also). they make it incrementally harder to fund raise.

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