The future looks bright for early-stage companies seeking capital as we prepare to celebrate the one-year anniversary of the JOBS Act – Title I. Emerging growth companies (defined as a company with total annual gross revenues of less than $1 billion during its most recently completed fiscal year) have enjoyed relaxed requirements around fundraising in […]
Sand Hill Road
Do not Go Chasing Distribution Waterfalls: The Future of VC Compensation
Just recently I read Kanyi Maqubela’s post on distribution waterfalls and carried interest and felt compelled to write a rebuttal. First of all, there is no such thing as a European style waterfall – not anymore, at least. If anything, most American VC firms are the ones who use that supposedly “European” style waterfall, where the principal […]
5 Logistical Steps for Startups Seeking Investors
Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time. They approach key potential investors way too early, trying to talk their way up the hill, with no supporting business plan and before they have a support team around them. […]
Namaste: A Spiritual Guide to Being a VC
During my journey to becoming a VC, I picked up bits and pieces of wisdom, which I would like to impart with now. Back in 2008, I made my first angel investment. I was a young adult with the naivety and wide-eyed optimism of a schoolboy. But in a stroke of beginners luck, that first […]