I remember early on in my VC career, I chatted with an entrepreneur turned VC who remarked “as an entrepreneur, time is your enemy. As a VC, time is your friend.” What I think some VCs mean when they say this is that investors typically have limited incentive to move quickly. Unless there is a forcing function like a competing term sheet, it’s usually preferred to spend more time doing diligenc
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How VCs Should (And Should Not) Do Their Due Diligence
Posted by admin 100 days ago (http://www.businessinsider.com)Memorial Day in StartupLand
Posted by admin 100 days ago (http://jordancooper.wordpress.com)
It’s the Friday of Memorial Day Weekend. I was up at 6:30AM, working from my iPad in bed by 6:31, at the gym before 8, and at the office by 9:30. As I walked from the East Village to the West Village, I passed young professional after young professional carrying tote bags donning the words JPMorgan, KKR, etc… They all had their “summer weekend” outfits on.
Boston start-ups finding fertile ground for growth elsewher
Posted by admin 100 days ago (http://www.boston.com)
TaskRabbit, founded in 2008 after Busque left her job at IBM Cambridge, has created a network of runners in Boston who can take care of small jobs for a fee, like picking up dry cleaning, making a trip to Ikea, or installing a window air conditioner. (I first wrote about the company last summer, when it was known as RunMyErrand.)
Frank Quattrone: The Market Is Waiting For A “Category-Defining, Earthshaking” IPO
Posted by admin 105 days ago (http://techcrunch.com)
Frank Quattrone, the Godfather of tech investment banking, sat down in a fireside chat with Michael Arrington today at Disrupt. Quattrone is back in tech boutique M&A with his new investment advisory firm, Qatalyst Partners. Recently, he advised Palm on its $1.2 billion acquisition by HP and two years ago he worked for Google when it tried to cut a search deal with Yahoo.
Building a Startup Using Scalable Online Services
Posted by admin 107 days ago (http://blog.loyaltyspace.com)
People have said "there's never been a better time to start a business" for years - often attributing this to big trends such as 'The Internet' and 'Open Source.' Whilst these are undoubtedly great, I think there's another enabler that make this a great time to start up - specifically, the option of outsourcing everything that is not your core competency, leaving you free to laser focus your work
Why to Not Not Start a Startup
Posted by admin 108 days ago (http://paulgraham.com)
We've now been doing Y Combinator long enough to have some data about success rates. Our first batch, in the summer of 2005, had eight startups in it. Of those eight, it now looks as if at least four succeeded. Three have been acquired: Reddit was a merger of two, Reddit and Infogami, and a third was acquired that we can't talk about yet. Another from that batch was Loopt, which is doing so well
Start-ups still don't know the way to San Jose
Posted by admin 110 days ago (Editorial)
San Jose may call itself the Capital of Silicon Valley, but that's not the case when it comes to attracting startups. Among the region's municipalities, San Jose ranked 11th in venture capital invested in startups in 2009, behind not just Palo Alto but also San Carlos. Is this a big deal? I think so. Mayor Chuck Reed isn't as worried, saying the city should play to its traditional strength: Being
How An Indian Entrepreneur Learned To Love Paying Bribes
Posted by admin 114 days ago (http://www.npr.org)
Gagan Singh was 22 years old when he started a small business in Delhi, India, delivering telephone and Internet service. To get the business going, he needed to string up some wires and get licenses from the government. To make that happen, he had to start bribing people. The first time he walked into an official's office to pay a $200 bribe, the official was "ultracool," making small talk and c