It should go without saying: don’t lie when raising capital. And yet in the last few months I’ve been party to a handful of incidents that suggest otherwise. Without naming names, I’ve seen three lies: Lying at Demo Day. I know Demo Days for accelerators are meant to be big shows and you’ve gotta find […]
Lean Startup Versus Raising Capital
Lean Startup is about experimentation and learning. It’s about being intellectually honest and methodical in your approach. It’s about going slow before going fast. It’s about moving backward before moving forward. Investing on the other hand is about storytelling and big vision. It’s also about proof and hockey stick traction. So when raising money how […]
The Two or Three Things You Need to Raise Capital
Yesterday I chatted with an entrepreneur that was looking for advice on raising capital. I’ve written quite a bit about fundraising in the past, but it’s a hard topic and a challenging thing for people to get through. Most people have never raised funding before, and even with all the advice out there it’s still […]
Recruit Top Talent Before and While Raising Capital
Hiring is an ongoing endeavor. You know you’re doing it right (at least partially) when you’re always doing it, even if you’re not actively trying to fill roles. One of the CEO’s main jobs should be recruiting top talent. Unfortunately, most CEOs don’t put enough systematic effort into recruiting and it falls to the wayside. […]
The $250,000 Funding Trap
$250,000 is a lot of money. Venture investors might not think so, but for most of us it’s a lot of moolah. And for early stage startups it’s often the amount they ask for coming out of the gate (or $500,000 – which seems to be pretty standard as a first, seed ask). The problem […]
Paying Yourself is Not a Reason to Raise Early Stage Funding
If you want to earn a market value salary, you need to get a job. Paying yourself isn’t a good enough reason to justify raising early stage funding. I realize that sounds harsh, but it’s not intended to be. Here’s a fairly common scenario for startup founders: Two or three people decide to start a […]
Shrinking the Table – How Investors and Startups Are Getting Closer
Too often, investors and entrepreneurs think of themselves as being, “on opposites sides of the table.” Raising capital is a negotiation that regularly pits investors against entrepreneurs (and vice versa). This adversarial relationship is quite common, and the relationship between investors and entrepreneurs (many people describe it as a marriage) regularly falls apart. Sure, when […]
Startup Fundraising According to Paul Graham
Paul Graham is well-known in the startup world for his past successes and most recently, the launch of Y Combinator. Y Combinator continues to garner a ton of attention, from a combination of the sheer volume in startups being launched through the program, the successful exits, and the way in which they’re shaking up the […]
Dissing Venture Capitalists Is So Cool
One of entrepreneurs’ favorite pastimes is complaining about venture capitalists (VCs). (Incidentally, I’m fairly sure the reverse holds true for VCs, but I won’t put words in their mouths.) Although some of this is understandable (raising money is extremely hard and can be a frustrating process), I’ve often thought it’s in bad taste and just […]
What Does Your Brain on Funding Look Like?
This is your brain. This is your brain while you’re trying to get funding.
Founding Partner at 