Mon.Feb 04, 2019

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The Two Things You Need From Early Customers that Matter More than Cash

Tomasz Tunguz

As you start to go to market, there are two things to prioritize from early customers that matter more than cash. Feedback and marketing rights. The feedback matters for obvious reasons. The product is early; customer feedback will help you hew the raw granite of your initial product into shape. The second may not be so obvious. Every prospect championing a software purchase will be asked by the opponents of the sale and decision-makers : “Who else is using the software?

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The Potential for Fraud Caused by the Unnecessary Mystery of the Family Office World

This is going to be BIG.

About a year ago, I received a LinkedIn connection from Richard Briggs—a Brooklyn Law Grad who spend 25 successful years at Lehman and was operating his own family office. He knew a bunch of other VCs in NYC and seemed like a great potential Limited Partner connection. There was only one problem. Richard Briggs didn’t exist. No Richard Briggs ever attended Brooklyn Law and none of our mutual connections had ever met him or interacted with him.