Tomasz Tunguz
MARCH 27, 2013
Though the industry is called venture capital, the goal of a VC isn’t to maximize every risk. Instead, we try to understand all the risks a business might face and weigh those risks with the reward - the exit. Here are the major risks that I typically review when a startup pitches. Market timing risk - Is now the right time for the business? It’s often hard to evaluate this risk, but nevertheless, it’s an important consideration.
This is going to be BIG.
MARCH 27, 2013
The Brooklyn Bridge Park Boathouse is a non-profit runs a variety of human powered boating programs for both kids and adults on the Brooklyn waterfront. We have a free kayaking program that puts nearly 4,000 people on the water. We have over 100 volunteers and in any given week, we might have 25 or 30 people staffing our program. That presents quite a coordination problem that is only going to get worse as we scale--manually gathering responses, filling holes in our schedule, etc.
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Berkonomics
MARCH 26, 2013
You may lose your feed immediately after this notice (March 26th, 2013) as we switch today from Feedburner to local control of your feeds. PLEASE come to [link] now and re-enter your email address at the RSS on the upper right of the screen to continue receiving your feeds. (Email readers are not affected by this change.). Thank you! Dave Berkus.
Tomasz Tunguz
MARCH 26, 2013
With the analytics tools today, it’s easy to measure hundreds if not thousands of different metrics for your business. Cutting through all the chaff to determine the most important or insightful metrics can be quite a challenge. Below are the ten metrics I’ve found to be most useful in board meetings. They answer the questions of how should a startup founder might measure the business at the highest level.
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Tomasz Tunguz
MARCH 26, 2013
When deciding if to raise a venture round, it’s critical to ensure your venture investor shares the vision for the company: both the product roadmap and the financial goals of the company. Most founders never consider the impact on fund size on VC motivations. As long as there are enough reserves to invest as the company grows, a founder might think, that’s fine with me.
Startup Catalyst Brief brings together the best content for the entrepreneurial ecosystem from the widest variety of industry thought leaders.
This is going to be BIG.
MARCH 29, 2013
This post is either brilliant or idiotic. You've been warned. You're on a boat. There's a terrible storm at sea. The boat capsizes, washing everyone overboard except for you and one other person. You're both stuck inside, unable to get out because only the hull is peeking above the water--but the sea is rising fast in the cabin. Your only hope is to break through the bottom of the hull to escape.
Tomasz Tunguz
MARCH 28, 2013
Some of our companies started financing processes in earlier this quarter. At a strategy session with one of our companies, the team and I crafted the outline of the pitch deck. They asked me what questions a venture investor might ask in the initial meeting. Distilling the investment analysis into a small number of general questions is challenging because of the diversity of businesses we see but, I gave it a try and came up with the following questions I might ask a startup to answer in an ini
Berkonomics
MARCH 28, 2013
It is not common for the CEO of a rapidly growing company to think of slowing down the furious pace enough to have each manager (including the CEO) document the job process managed, as well as see to the documentation for each process managed below. And it is even more of a challenge to consider documenting the tribal knowledge of a company’s key employees.
Tomasz Tunguz
MARCH 24, 2013
If at any time in the past ten years, you might have asked someone at Intuit about the size of the QuickBooks user base, they would have told you the same number: about 4M. This figure hasn’t grown because Intuit’s customer base, the small-and-medium business market, is a leaky bucket. On the small end of the spectrum, about 750,000 businesses are created each year and about the same number fail.
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