Sublime

the entrepreneur has to be receptive of the value that the VC really brings to the table—the knowledge and network and the been-there-done-that scenarios.

“That’s a post-money valuation of one hundred fifty to one hundred seventy-five million, depending on how much we raise.” I was worried that this price was unrealistic, and that the offering might not fly when it hit the street. “I just can’t see how our business plan supports that valuation,” I said. “It’s enough to make a sane investor toss his c

Most wannabe founders are waiting for an angel to anoint them with a $50,000 check before they start working on anything outside of a PowerPoint deck, or worse, delusionally long emails explaining why everything else out there sucks and their derivative idea will win—if only you believe in them and cut them a check. If the most a person can create

If you’re getting into a Series A alongside a powerful VC, you either have a great relationship with the founders, who are demanding you get an allocation, or you provide massive value and the VC thinks that you owning shares in their company will increase everyone’s share value. If one of your startups, that you’ve angel invested in, gets a Series

I've never taken the perspective of "build a cool piece of technology and see where it goes." It's more or less been based on an intuition about a hole in the market—or, more accurately, a future hole in the market. At any given time, you've got to have a technology roadmap in your mind and a market roadmap as to where things are headed—b