Thursday, 25 July 2019
You don’t need a CFO for seed funding. I’ve never heard of a seed stage startup getting an interim “CFO” – particularly for the sake of fund raising. At this stage you need to make sure your accounting is in order and you PERSONALLY should know how and have build Pro Forma financials, models, etc.
Is it Reasonable for an Angel Investor or Venture Capitalist to Ask for Control of the Bank Account?
Monday, 24 June 2019
No. If the investor doesn’t trust the founder or team with the bank accounts, you shouldn’t be investing and they certainly are not an Angel nor VC. Such investors tend to have more of a lender mentality – unless they really just have trust issues – and it’s likely they come out of inventory or
Monday, 03 June 2019
The goal in Venture Capital, by way of technology, is “to rapidly create new giant technology companies that could lead in brand new, high growth categories. Ride-sharing (Lyft & Uber), work-space sharing (WeWork), food-delivery (UberEtas, Deliveroo, Doordash), couch-sharing (Airbnb) you name it. The promise has been that these technology giants can approach the size, scale, reach, and ultimately, market capitalization of the FAANG
Tuesday, 09 April 2019
Three simple things: You’re likely to lose your money. Not knowing your experience with investing in startups, let’s make sure that’s explicitly clear. Regardless of the type of startup, 90% fail and Angel Investors aren’t much better at making good decisions. Experienced (proven) Venture Capitalists tend to have better odds so you might want to
Monday, 08 April 2019
Best way is always that investors come to you. Every major raise and most successful early investments are because investors want in that thing. Having to find and introduce investors is counter-intuitive to what they want. They don’t fund inventions nor IP, they fund businesses and exits (acquisition or IPO oriented work). Meaning, you have
Monday, 18 March 2019
Need? Capital has nothing to do with being an entrepreneur. What makes you think it does? My stay at home wife is very entrepreneurial. I had a coworking at HP who was an incredible entrepreneur. Entrepreneur is a personality trait; someone always seeing and addressing gaps on the economy. You don’t *need* money to be like
Monday, 18 March 2019
Team Won’t quit Exit Frankly, in that order