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The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

Yesterday, I met with a founder with an interesting model who was raising $400k to bring the finishing touches to her product to make it customer-ready. First off, the vast majority of venture dollars goes to white men. This blog post is not about debating if "enough" diverse founders get funding--whatever that might mean.

advice 418
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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

I’m a female founder. I don’t have a technical co-founder. These are all of the things I heard from a founder that I recently backed. So what about all of the above statements—things that founders widely hold to be true barriers to fundraising? The startup ecosystem is a terrific manufacturer of bad fundraising advice.

advice 429
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The Problem with Startup Advice

This is going to be BIG.

I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. I have one failed attempt at a startup under my belt as a founder and I don't have any particularly usable skills that anyone would pay for like selling, designing, building, etc.

advice 412
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My Number One Advice for Startups or VCs: Conviction > Consensus

Both Sides of the Table

I saw this Tweet recently by Scott Belsky, co-founder and CEO of Behance. It spoke to me because it so resonates with my nearly daily advice to entrepreneurs and VCs alike. I went as far as to call it the best Tweet of 2015 so far because it encapsulated my advice so succinctly. conviction > consensus.

advice 332
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Here Are the Details About Upfront Ventures’ Newest EIR – @Chamillionaire

Both Sides of the Table

It always started the same way – a founder would ask for an intro because they figured he could help with promotion. And after one meeting they started asking for his advice about marketing, customer engagement, product design, monetization – whatever.

ventures 420
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Venture Capital is About Human Capital

Both Sides of the Table

The number one advice I give is “stop trying to be too smart”. Most VCs did well academically and had enough career success that a venture firm was willing to give them an investment role or they were able to raise their own fund. Fundamentally venture capital is about human capital. Venture Capital is a people business.

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The Entrepreneurial Path: Essential Tips for First-time Founders

American Entrepreneurship

Two prominent entrepreneurs share their views on starting a business plus 10 tips every first-time founder should have. A founders journey when taking on the challenge of launching a startup is filled with highs and lows.Their path to success will have challenges, setbacks, and moments of doubt.

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