GalaTime

• Paul Kedrosky: Favorite Three Questions for Early-Stage Companies
  

1. I’m a star prospective employee (salesperson / engineer) you’d like to hire. Recruit me.

2. I’m a nervous prospective customer. Gently size the opportunity, and then sell me.

3. I’m an angel investor you’ve just met. You have one minute, so get me interested in taking you seriously.

• Venture Hacks: Fund raising advice

Non-valuation terms are more important than valuation. Valuation is temporary, control is forever. If you don’t control your future, your current valuation is irrelevant.

Your current valuation is irrelevant if the board forces the company to raise a low-valuation Series B from existing investors by rejecting offers until the company is almost out of cash.

• Marc Andreessen: Bubbles on the brain
  

If you’re going to listen to people who predict bubbles or crashes, you have to be ready to stay completely out of the market — the stock market, and the technology industry — almost every year of your life.

If you’re going to call a bubble on the basis of lots of bad startups getting funded and failing, then you have to conclude that the industry is in a perpetual bubble, and has been for 40 years.

This entry was posted on Monday, June 4th, 2007 at 9:50 am and is filed under entrepreneurs. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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