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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

When I first read Paul Graham’s blog post on “High Resolution&# Financing I read it as a treatise arguing that convertible notes are better than equity. if you need advice on how to find / work with startup lawyers cheaply click that link). Photo credit: D. Blanchard/O’Reilly Media. and not a min.

finance 286
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Why Early-Stage VCs Should Be Careful About Intros from Bankers

Both Sides of the Table

As an early-stage investor that is not always aligned with my goal, which I would express as, “pay the right price for the stage & risk in a way that is fair to the founders yet preserves our ability to grow into our valuation at the next financing event.” It’s a Demo Day thing. Advice to VCs Startup Advice'

advice 361
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The Importance of Proprietary Deal Flow in Early-Stage VC

Both Sides of the Table

As an early-stage investor that is not always aligned with my goal, which I would express as, “pay the right price for the stage & risk in a way that is fair to the founders yet preserves our ability to grow into our valuation at the next financing event.” It’s a Demo Day thing. Which means we’re doing our job.”

VC 347
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What Makes an Entrepreneur (7/11) – Detail Orientation

Both Sides of the Table

Along with detail orientation I have a strong bias for “doers.&# When I ask for a quick demo and the CEO tells me that he’ll schedule a follow-on meeting with his sales rep because, “I’m not a demo guy. Who does finance report to? But even then I think it’s funny. Who does sales report to?

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The biggest moonshots from 500 Global’s latest Demo Day

TechCrunch

It’s demo day season. This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — and customers. Both outfits look to back early-stage founders with money and advice in exchange for equity.

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Give Your Teams Swiss Army Knives

Both Sides of the Table

The path I went down after a few years was to hire more process driven people and devolved more daily operational ownership to people running individual functions such as product management, sales management, finance, etc. Demos – One of the things that most people are bad at and that are hard to standardize is the demo.

advice 296
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Going to Raise VC? Here’s a Primer on Process, People, Deck

Both Sides of the Table

Give everybody pages of the deck they’re to cover or parts of the demo for which they are to talk. Can’t you just demo & talk? Demo could go here]. Progress to date of your company (when started, key milestones, what shape is the product in, any pilot / beta customers, financing). Details on the solution.

VC 340