People often ask me where the idea for a startup comes from. Well, in the case of Picnik, it starts by having a brilliant friend I love working with, some free time and an active imagination. Darrin and I started in the summer of 2005 with no specific idea other than to do something interesting with Flash. We believed Flash was going to be an interesting emerging platform and that it would be int
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Innovation - Giving Birth to a Startup
Posted by admin 9 days ago (http://socialinnovationperspectives.blogspot.com)The 2005 email that spawned Picnik, Google's latest buy
Posted by admin 9 days ago (http://www.techflash.com)
Entrepreneurial ideas can strike anytime, anywhere. For Picnik founders Mike Harrington and Darrin Massena -- who announced the sale of their online photo editing startup to Google on Monday -- that moment hit on Saturday, Dec. 10, 2005 at 10:56 p.m. That's when Massena sent an email to Harrington with the subject line: "Internet Photo Editing."
Series Seed Financing Documents
Posted by admin 9 days ago (http://www.seriesseed.com)
A simple set of investment documents for early stage investment. A decade ago, a company would need to raise a couple of million of dollars to create a new product and effectively bring it to market. Today that amount is dramatically smaller. The advent of cloud computing, open source software, platforms with APIs, and numerous other changes have lowered the cost of launching a new enterprise.
Beginning later today, entrepreneurs on the verge of raising seed-stage funding will be able to access open-source, stripped-down term sheets called Series Seed Documents. The documents — authored by Fenwick & West attorney Ted Wang with input from Andreeesen Horowitz, First Round Capital, True Ventures, Charles River Ventures, Ron Conway, Mike Maples, and several other heavy-hitting seed investo
Monster.com and Eons.com founder Jeff Taylor thinks entrepreneurs are bluffing when they cite Boston’s harsh winter weather as the reason for fleeing the city for operations elsewhere, such as California’s Silicon Valley. “The real objection is that it’s hard to get discovered in Boston, and that our resource-rich community feels like it’s locked behind closed doors,” he says.
Angels vs. Venture Capitalists
Posted by admin 9 days ago (http://blog.pmarca.com)
At our new venture fund, we’ve been spending time looking into new ways that will make the lives of entrepreneurs seeking funding easier. To that end, we've linked up with Ted Wang who has been working on an open source legal project called the Series Seed documents. We’re impressed with his work and are going to use these standard funding documents as part of our seed stage investments wherever
The Proliferation of Standardized Seed Financing Documents
Posted by admin 9 days ago (http://www.feld.com)
Many smart and capable people have either worked on these various docs on signed on as supporters. However, until there is one standardized set of documents that everyone – especially the various law firms agree on – I don’t expect there to really be a standardized set of seed financing documents. I wrote about this in my post The Challenge of The Ideal First Round Term Sheet.
Last August, we wrote about Y Combinator’s latest idea: RFS, or, Requests for Startups. Basically, this allows the incubator to lead entrepreneurs in a certain direction based on trends they think will be hot. Y Combinator then selects the best ideas based around these guidelines to fund. The latest RFS (number 6), throws down a gauntlet, of sorts.