I just binge-watched all six seasons of Breaking Bad. If you haven’t downloaded the AMC show (but plan to soon), prepare yourself for experiencing someone else’s mid-life crisis, with healthy doses of terminal illness, murder, infidelity and drug-dealing thrown in to keep it interesting. Spending time with chemistry-teacher-turned-meth-kingpin Walter White, his family and the surrounding characters is exhausting and engrossing at the same time. The characters (and Walt especially) are more complex than any you have spent time with on the TV screen.
Instead of reviewing the show, as others have done far better than I could, I
I spent this morning at the Career Day of my youngest kids’ elementary school (West Mercer) with about 30 third, fourth, and fifth graders. My session was entitled “Your $100,000,000 Idea.” My goal was to explain what a venture capitalist does, lay out the criteria we use to make investments (team, product, market, business model and timing), and give each student the opportunity to pitch a new business concept. I told the students that each group would pick a winning idea, and I would publish the winners here.
To my surprise, the ideas the students came up with were incredibly
No one has been more supportive of StarkRavingVC.com than Rand Fishkin, the SEOmoz CEO who has more Twitter followers than the populations of the capital cities of Alaska, Maryland and Vermont (combined). When I started blogging, Rand Fishkin wrote a post about the 14 ideas he wanted me to write about in my blog. We decided it might be fun to hit them all in a video interview format. It’s no Skyfall, but I think Rand does an excellent job of posing the questions that entrepreneurs really want to ask VCs. Let me know what you think.
We may not know each other, but that doesn’t mean I can’t give you a meaningful holiday gift. I recently got an email from a high-ranking official in Nigeria offering to reward me with a huge amount of money if I just sent a few dollars to help someone wrongly accused get out of jail. I then got a similar email from a Ugandan prince. People are so giving this time of year.
So from my family to yours and without further ado, here’s Gary the Snoman!
“Think of him as chewing gum. By the end of the game, I want you to know what flavor he is.” – Coach Norman Dale (Gene Hackman), Hoosiers
Entrepreneurs don’t do enough diligence on their investors.
As venture investors, we do a lot of diligence on you. We call references, both on and off your reference sheet. In our partnership discussion, we talk about your strengths and weaknesses, your character, your ability to grow the business, your idiosyncrasies, whether you will want to sell too early, your willingness to take feedback, and everything else under the sun. We are making a bet on you just
On a long enough timeline, the survival rate for everyone drops to zero. –Narrator, Fight Club
No matter how compelling your product or service is, no matter how great the terms you are proposing, no matter how appealing you are as a promoter or sales person, given enough time, your deal will fall apart.
It won’t be your fault. In the last two quarters, I have heard the following from CEOs at various software startups.
“Our deal champion left the company.” “The budget shrank, so we’re off the table now.” “The buyer missed its numbers. Everything’s on hold.” “That company fell off the list because it … Continue reading →