Angels and VCs are not trying to be Fortune Tellers who can predict the future, as much as we want to. Our immediate goal after investing in your seed round is that you get to your next round by hitting your numbers/projections in around a year so. With momentum behind you, you can then spend […]
As the Uber drama continues to unfold in front of us like tabloid news, it has finally escalated to an early investor suing the founder. Rumors, leaks, confirmations and speculation are rampant because they are the highest valued private company in the world, investors have billions at stake and we’re really in uncharted territory. I’m […]
Yes, it’s true that we say around 90% of startups will fail, but lets be honest, it’s mostly an anecdotal statement that we hope won’t come true. Building on that, we also like to say that: “entrepreneurs are in the business of failure, and investors are in the business of exits”. I would love to […]
I’ve met with hundreds of startup founders over the last two years, heard almost every idea possible, and whenever they ask what we invest in, my first response is generally “founders first,” then everything else. At the early seed stage when you generally have a well thought-out idea, maybe an MVP, and hopefully some initial […]
Investing in a startup is easy, but getting positive returns (hopefully money-over-money) is damn near impossible. At the early pre-seed or seed stage, we are betting that whatever a founder is planning will take 12–18 months to accomplish, and 3–6 months to raise their next round during that time as well. But once we make […]
Helping is hard. Through out the process of a startup there are so many times that someone can be helpful to you. You can get introduced to them, meet them at an event or just cold email them and hopefully create an opportunity. Unfortunately there is only so much time in a day and only […]
Have you ever bought something expensive and not used it? This is how many investors feel.
I had lunch with a friend a few weeks ago and we were talking about some of the companies we were seeing in the market and how our portfolios were doing. Generally when this happens you break out in hyperboles and metaphors — baseball season was about to start so we started to make analogies. Based on […]
Yeah, I said it. Reading all of the media and press about startups, their capital raises and sky-high valuations, just scratches the surface of how this game really works. If I wasn’t in the industry and investing in companies, I would probably be a hater too. So, let’s start by getting the basics out of […]
How many times have you asked a startup how they’re doing, just to hear “Doing great, killin’ it!”?
There was a time when it seemed as though there was a new diet every week. The most memorable one, at least for me, was the Atkins Diet. The Atkins Diet, I feel, started the craze. People started to realize that you can make a lot of money by creating a diet backed by “science” […]