The presentation below was given by US VC blogger Mark Suster at the Founder Showcase conference in San Francisco yesterday. It’s a cracker – 70 slices, but quick to flip through.
My favourite bit is his discussion of ‘lean vs fat’ i.e. how aggressively you should ramp your cost based and go for growth (slies 31-34). The answer: stay lean until you REALLY know you’re onto something big. Emphasis mine.
Slide 62 is also interesting. It shows the decline in the number of active VCs, down from 2,316 at the peak of the bubble to 750 last year, which is 15% less than the 880 VCs that were active in 1998.