Why do VCs Really Want to See Your Financial Model?
I recently tweeted about the importance of financial models in evaluating seed-stage pitches
Micah Rosenbloom
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How to Break Bad News to Investors
There’s no good way to tell your board that you’ve blown a quarter, or your superstar head of data science is jumping ship to Google. Still, breaking bad news is a key skill for founders and delivering it well is often what keeps a company alive.
Diligence 101 for Seed Stage Startups
For some entrepreneurs, raising capital is effortless. When you see a company raise tens of millions of dollars, series after series, especially if they have few other milestones to promote, you know you’re in the presence of a world class presenter. Fundraising is a startup super power, just like consumer product instincts and B2B sales acumen. Some founders are just “natural athletes” who possess a knack for storytelling paired and charisma, typically topped off with some credibility in a prior venture.
A “Fill-In-The-Blank” Investor Update Template for Busy Founders
There’s a lot of good advice on writing investor updates, but one of our portfolio CEOs recently wrote an update that was so good that I thought it could serve as a template for entrepreneurs everywhere. It’s B2B focused and largely positive in tone, but it’s easy enough to copy, paste, and customize for B2C startups or less upbeat news. Just swap out the [bold] content and you can keep your investors in the loop with almost no effort.
Blessed are the “Boring,” for They Create the Billion Dollar Startups
“I need to find a industry or product I’m passionate about.” I often hear this from entrepreneurs and it frequently means wanting to start a business in a consumer space that they love—music or gaming, for example. It’s an understandable impulse. If you’re going to start a business that will consume your life for years, why not make it something you’re interested in?
What to do When You Get a $100M Offer for a “Billion Dollar” Startup?
Imagine you’ve spent years working on a startup with the hope and a credible plan to build a billion dollar business and along the way get an offer for $100M? You still believe in your vision, but a nine-figure sale would represent a rich premium based on your traction and early revenue growth. Should you take it?