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Don’t get hung up on early stage valuation.

Berkonomics

I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up pre-money valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. Here’s the “what.”. And here’s the “why.”. Lessons founders learned.

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Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

I''m super proud of Rob, Ben and the whole Backupify team--and this is particularly special for me because Backupify was the first investment I ever made as a VC, and the first board I ever sat on. I started reading a great blog called Business Pundit in 2004. It was written by a guy about my age down in Louisville, Kentucky.

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Lerer Hippeau closes $230M across two new funds; Ben Lerer is back

TechCrunch

He started Thrillist with Adam Rich in 2004, which later became Group Nine Media in 2016. The firm also promoted Graham Brown to managing partner and brought on Tanaz Mody as Lerer Hippeau’s first head of people to support the portfolio. TechCrunch: Ben, how does it feel to come back to VC full-time?

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Joseph Lee, CEO of Kairous Capital, Shares His Cross-Border Investment Philosophy for the Asia Pacific Region

AsiaTechDaily

In addition to his rich experiences working in the venture capital (VC) and private equity (PE) sectors, Joseph has also sharpened his investment acumen through his multiple years in the audit and stock-broking industry before deciding to finally launch his cross-border investment firm, Kairous Capital , in 2015.

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Don’t get hung up on valuation.

Berkonomics

I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up premoney valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. Let me tell you two stories that are linked.

VC 71
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Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

In 2004 / 2005 I was starting to get intrigued with user-generated content. Deal evaluations the Foundry way, which continues into a great discussion about VC decision-making processes. “So RSS was something that had appeared.” “….I This time frame – 2005/2006 – web 2.0 was starting.

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The Characteristics of a Billion Dollar Consumer Hardware Startup

Tomasz Tunguz

According to the WSJ, GoPro is the largest consumer hardware IPO in 23 years , though like most entrepreneurs, I don’t remember the Duracell IPO. Founded in 2004, GoPro is about 10 years old and during the past few years has witnessed spectacular growth. In other words, how many revenue dollars did one invested VC dollar create.

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