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Nothing great has been achieved without irrational exuberance

The title to this blog post is a quote from Tom Evslin.  It was new to me this morning (and I hadn’t heard of Tom either) but I immediately loved it.

Firstly it captures the importance of faith, belief and perseverance in life generally and more specifically to startups.  We all love stories about [...]

50 Questions: What is anti-dilution/downround protection?

Thirty-fourth in a series of weekly posts by myself and Nicholas Lovell of Gamesbrief which answer the fifty questions you should ask before raising venture capital.  We expect the series to run for a year after which we will collate the posts into a book.  You can find the rationale behind the series here, [...]

50 Questions: What are the different types of instruments VCs use to invest?

Thirty third in a series of weekly posts by myself and Nicholas Lovell of Gamesbrief which answer the fifty questions you should ask before raising venture capital.  We expect the series to run for a year after which we will collate the posts into a book.  You can find the rationale behind the series [...]

Understanding how you will work with your VC

Roger Ehrenberg of IA Ventures has a thoughtful post up today about VCs adding value to their portfolio companies.  Firstly he talks about the importance for a VC to know in their own minds whether they are a firm that seeks to make money by clever stock picking alone, or through a combination of [...]

The difference between market size and opportunity size

Earlier this week Bryce Roberts of O’Reilly AlphaTech Ventures wrote a post about VCs over analysing market size and then passing on deals.  His point is that if a VC hasn’t got comfortable on market size within two meetings then they never will and the entrepreneur shouldn’t spend more time with them.  The post [...]

50 Questions: What are the most common mistakes in a business plan?

Twenty-ninth in a series of weekly posts by myself and Nicholas Lovell of Gamesbrief which answer the fifty questions you should ask before raising venture capital.  We expect the series to run for a year after which we will collate the posts into a book.  You can find the rationale behind the series here, [...]

Guardian Tech Weekly Podcast with Aleks Krotoski

Yesterday I did an interview with Aleks at the Guardian offices near Kings Cross which they put live here on the Guardian website last night.  Aleks is a good interviewer and we had a lively chat covering a lot of the basics about how venture capital and startup financing work.  My bit starts at [...]

Keeping going through the turmoil

The world is a chaotic place right now with riots in London, biggest ever one day falls on American stock markets, debt downgrades in the US and unprecedented steps from the European Central Bank to bail out the peripheral Eurozone economies all happening in the last week.  The catalyst for these events has been [...]

Parody on raising capital in today’s market

For a little amusement this Thursday check this video from Luma Partners which has a parody investment pitch from a DSP company (DSP stands for ‘demand side platform’ and is a category of Adtech business that was super hot last year).  I love the irony that even though no investor wants to invest in [...]

Bringing transparency to venture capital

There are two US VCs whose blogs I follow religiously, are perhaps my biggest source of inspiration in writing The Equity Kicker, and who I often quote here.  The first is Brad Feld and the second is Fred Wilson, and yesterday Fred posted a write up of Brad’s latest book Be Smarter than your [...]