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	<title>Comments on: A conflict of interests</title>
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	<description>Good advice for startups.</description>
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		<title>By: Rainbow Vistas</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2136</link>
		<dc:creator>Rainbow Vistas</dc:creator>
		<pubDate>Wed, 28 Jul 2010 06:38:55 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2136</guid>
		<description>Very good topic discussed...
Very interesting lines are providers...
This article helped me a lot..
Try to discuss more helping topics...

We are Rainbowvistas provides Builders and developers in Hyderabad. Builders and Constructors in
Hyderabad. Apartments in Hyderabad. Flats in Hyderabad in Hyderabad. Real Estates in Hyderabad.
Apartment for sales in Hyderabad. Builders in Hyderabad. Township in Hyderabad. Amenities in
Hyderabad.Business Properties in Hyderabad.

“Cybercity” is a Mixed-Use Development venture, consists of a vast land area of 68 Acres
near HI-tech City, which is the IT hub of Hyderabad. It is located near two lakes and having
hilly terrain.
Within this 68 Acres, we are planning to develop 1 Cr Sft which comprises of Residential,
Premium Residential, Office Spaces, Educational City, Mall, Entertainment Zone, Hotel &amp;
Hospital.

Club Vistas will offer you a blissful perspective of the surrounding landscape including
great views of HI-TEC City and 2 lakes in the vicinity.

    * Air Conditioned Gym – A gym so plush you’ll never want to skip a day’s workout.
    * Jogging Track – The jogging track here allows you to keep fit the fun way.
    * Yoga &amp; Meditation Center – The jogging track here allows you to keep fit the fun way.
    * Tennis, Volleyball, Basketball &amp; Badminton Courts – Imagine a basketball court where
      time out has a new meaning.
    * Cricket Pitch – Hit a perfect score and enjoy the stimulating game of cricket.
    * Swimming Pool - Splash into relaxation, enjoy a cool dip in the pristine blue pool.
    * Cards &amp; Billiard Room - This is one place you’d love to revisit everyday.

Club Vistas is one place where you could unwind while connecting and socializing with
neighbors and friends.

    * Leisure Room and Library - Take a break, lie back and enjoy the novel you’he always
      wanted to read.
    * Amphitheater – Enjoy live performances and unwind with friends and family.
    * Coffee Shop, Restaurant and Food Court – Have a great conversation over an
      espresso and some tasty bites.
    * Business Lounge – Fully equipped and WI-Fi enabled with modern-day business amenities
      and services.
    * Banquet Hall with Guest Rooms – The perfect venue for community and private celebrations.
    * Exclusive Clubhouse Parking – Hassle-free parking for residents and guests.
    * WI-Fi Enabled Hot Spots
    * Travel Desk</description>
		<content:encoded><![CDATA[<p>Very good topic discussed&#8230;<br />
Very interesting lines are providers&#8230;<br />
This article helped me a lot..<br />
Try to discuss more helping topics&#8230;</p>
<p>We are Rainbowvistas provides Builders and developers in Hyderabad. Builders and Constructors in<br />
Hyderabad. Apartments in Hyderabad. Flats in Hyderabad in Hyderabad. Real Estates in Hyderabad.<br />
Apartment for sales in Hyderabad. Builders in Hyderabad. Township in Hyderabad. Amenities in<br />
Hyderabad.Business Properties in Hyderabad.</p>
<p>“Cybercity” is a Mixed-Use Development venture, consists of a vast land area of 68 Acres<br />
near HI-tech City, which is the IT hub of Hyderabad. It is located near two lakes and having<br />
hilly terrain.<br />
Within this 68 Acres, we are planning to develop 1 Cr Sft which comprises of Residential,<br />
Premium Residential, Office Spaces, Educational City, Mall, Entertainment Zone, Hotel &amp;<br />
Hospital.</p>
<p>Club Vistas will offer you a blissful perspective of the surrounding landscape including<br />
great views of HI-TEC City and 2 lakes in the vicinity.</p>
<p>    * Air Conditioned Gym – A gym so plush you’ll never want to skip a day’s workout.<br />
    * Jogging Track – The jogging track here allows you to keep fit the fun way.<br />
    * Yoga &amp; Meditation Center – The jogging track here allows you to keep fit the fun way.<br />
    * Tennis, Volleyball, Basketball &amp; Badminton Courts – Imagine a basketball court where<br />
      time out has a new meaning.<br />
    * Cricket Pitch – Hit a perfect score and enjoy the stimulating game of cricket.<br />
    * Swimming Pool &#8211; Splash into relaxation, enjoy a cool dip in the pristine blue pool.<br />
    * Cards &amp; Billiard Room &#8211; This is one place you’d love to revisit everyday.</p>
<p>Club Vistas is one place where you could unwind while connecting and socializing with<br />
neighbors and friends.</p>
<p>    * Leisure Room and Library &#8211; Take a break, lie back and enjoy the novel you’he always<br />
      wanted to read.<br />
    * Amphitheater – Enjoy live performances and unwind with friends and family.<br />
    * Coffee Shop, Restaurant and Food Court – Have a great conversation over an<br />
      espresso and some tasty bites.<br />
    * Business Lounge – Fully equipped and WI-Fi enabled with modern-day business amenities<br />
      and services.<br />
    * Banquet Hall with Guest Rooms – The perfect venue for community and private celebrations.<br />
    * Exclusive Clubhouse Parking – Hassle-free parking for residents and guests.<br />
    * WI-Fi Enabled Hot Spots<br />
    * Travel Desk</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Andrew</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2135</link>
		<dc:creator>Andrew</dc:creator>
		<pubDate>Fri, 16 Jul 2010 01:37:37 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2135</guid>
		<description>Hey guys - a few spelling mistakes in the last comment - Fixed:
++
I agree. And here’s where it gets challenging – ideas seem to have their ‘time’ in history – now arguably we see the same ideas coming full circle with a slight twist at the end but in reality – none of the businesses out there, even the cool, sexy, new, hot, green or whatever businesses…are unique! None of them! Now to an entrepreneur – that’s like tell a parent their baby is ugly. They won’t listen…but lets give it a try…Hey Entrepreneurs – your idea is not completely unique!

Nope – just as I thought – the word… &quot;But…” is already forming on their lips.

And because of those similarities – there will always be potential conflicts in the minds of the VCs or Angels who are seeing so many plans and founders that they’re all starting to look the same (or at least similar).

Is it any wonder none of them will sign an NDA and look at you like you have two heads if you even mumble the abbreviation “NDA...?” under your nervous breath?

So – here’s the real secret that entrepreneurs need to get. And by the sounds of it - the investors too...

Know what the real uniqueness of a baby business is?

….

And this might surprise you but its…

…the few people who are driving the concept – its their drive, passion, tenacity, creativity, ability to network and basically – they’re ability to EXECUTE!

The plain fact is – you and I can both be given the same business plan and if you give us both eighteen months and $1m – the two companies that come out the other end of the sausage machine will be completely different. And the the magic fairy dust that makes it so?

The founding team and the people they bring onboard – the culture they create – HOW they take those ingredients and put it together.

So – ideas and business plans and new businesses can look similar – and there appear to be conflicts for investors who see these apparent entrepreneurial clones. But where they really need to be looking is in the whites of the eyes of the people behind them. Don’t bet on the business plan or the concept or even the sexy space – always bet on the people! One way or another – the right people will make it happen.

Last note – Hey entrepreneurs – part of the reason why you guys change the world is because you don’t listen and you don’t let anyone call your baby ugly! You Rock!

Andrew</description>
		<content:encoded><![CDATA[<p>Hey guys &#8211; a few spelling mistakes in the last comment &#8211; Fixed:<br />
++<br />
I agree. And here’s where it gets challenging – ideas seem to have their ‘time’ in history – now arguably we see the same ideas coming full circle with a slight twist at the end but in reality – none of the businesses out there, even the cool, sexy, new, hot, green or whatever businesses…are unique! None of them! Now to an entrepreneur – that’s like tell a parent their baby is ugly. They won’t listen…but lets give it a try…Hey Entrepreneurs – your idea is not completely unique!</p>
<p>Nope – just as I thought – the word… &#8220;But…” is already forming on their lips.</p>
<p>And because of those similarities – there will always be potential conflicts in the minds of the VCs or Angels who are seeing so many plans and founders that they’re all starting to look the same (or at least similar).</p>
<p>Is it any wonder none of them will sign an NDA and look at you like you have two heads if you even mumble the abbreviation “NDA&#8230;?” under your nervous breath?</p>
<p>So – here’s the real secret that entrepreneurs need to get. And by the sounds of it &#8211; the investors too&#8230;</p>
<p>Know what the real uniqueness of a baby business is?</p>
<p>….</p>
<p>And this might surprise you but its…</p>
<p>…the few people who are driving the concept – its their drive, passion, tenacity, creativity, ability to network and basically – they’re ability to EXECUTE!</p>
<p>The plain fact is – you and I can both be given the same business plan and if you give us both eighteen months and $1m – the two companies that come out the other end of the sausage machine will be completely different. And the the magic fairy dust that makes it so?</p>
<p>The founding team and the people they bring onboard – the culture they create – HOW they take those ingredients and put it together.</p>
<p>So – ideas and business plans and new businesses can look similar – and there appear to be conflicts for investors who see these apparent entrepreneurial clones. But where they really need to be looking is in the whites of the eyes of the people behind them. Don’t bet on the business plan or the concept or even the sexy space – always bet on the people! One way or another – the right people will make it happen.</p>
<p>Last note – Hey entrepreneurs – part of the reason why you guys change the world is because you don’t listen and you don’t let anyone call your baby ugly! You Rock!</p>
<p>Andrew</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Andrew</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2134</link>
		<dc:creator>Andrew</dc:creator>
		<pubDate>Fri, 16 Jul 2010 01:32:15 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2134</guid>
		<description>I agree. And here&#039;s where it gets challenging - Ideas seem to have their &#039;time&#039; in history - now arguably we see the same ideas coming full circle with a slight twist at the end but in realty - none of the businesses out there, even the cool, sexy, new, hot, green or whatever businesses...are unique! None of them! Now to an entrepreneur - that&#039;s like tell a parent that their baby is ugly. They won&#039;t listen...but lets give it a try...Hey Entrepreneurs - your idea is not completely unique!

Nope - just as I thought - the word...&quot;But...&quot; is already forming on their lips.

And because of those similarities - there will always be potential conflicts in the minds of the VCs or Angels who are seeing so many plans and founders that they&#039;re all starting to look the same (or at least similar).

Is it any wonder none of them will sign an NDA and look at you like you have two heads if you even mumble to abbreviation &quot;NDA..&quot; under your nervous breath?

So - here&#039;s the real secret that entrepreneurs need to get.

Know what the real uniqueness of a baby business is?

....

And this might surprise you but its...

...the few people who are driving the concept - its their drive, passion, tenacity, creativity, ability to network and basically - they&#039;re ability to EXECUTE!

The plain fact is - you and I can both be given the same business plan and if you give us both eighteen months and $1m - the two companies that come out the other end of the sausage machine will be completely different. And the the magic fairy dust that makes it so?

The founding team and the people they bring onboard - the culture they create - HOW they take those ingredients and put it together.

So - ideas and business plans and new business can look similar - and there appear to be conflicts for investors who see similar businesses. But where they really need to be looking is in the whites of the eyes of the people behind them. Don&#039;t bet on the business plan or the concept or even the sexy space - always bet on the people! One way or another - the right people will make it happen.

Last note - Hey entrepreneurs - part of the reason why you guys change the world is because you don&#039;t listen and you don&#039;t let anyone call your baby ugly!  You Rock!

Andrew</description>
		<content:encoded><![CDATA[<p>I agree. And here&#8217;s where it gets challenging &#8211; Ideas seem to have their &#8216;time&#8217; in history &#8211; now arguably we see the same ideas coming full circle with a slight twist at the end but in realty &#8211; none of the businesses out there, even the cool, sexy, new, hot, green or whatever businesses&#8230;are unique! None of them! Now to an entrepreneur &#8211; that&#8217;s like tell a parent that their baby is ugly. They won&#8217;t listen&#8230;but lets give it a try&#8230;Hey Entrepreneurs &#8211; your idea is not completely unique!</p>
<p>Nope &#8211; just as I thought &#8211; the word&#8230;&#8221;But&#8230;&#8221; is already forming on their lips.</p>
<p>And because of those similarities &#8211; there will always be potential conflicts in the minds of the VCs or Angels who are seeing so many plans and founders that they&#8217;re all starting to look the same (or at least similar).</p>
<p>Is it any wonder none of them will sign an NDA and look at you like you have two heads if you even mumble to abbreviation &#8220;NDA..&#8221; under your nervous breath?</p>
<p>So &#8211; here&#8217;s the real secret that entrepreneurs need to get.</p>
<p>Know what the real uniqueness of a baby business is?</p>
<p>&#8230;.</p>
<p>And this might surprise you but its&#8230;</p>
<p>&#8230;the few people who are driving the concept &#8211; its their drive, passion, tenacity, creativity, ability to network and basically &#8211; they&#8217;re ability to EXECUTE!</p>
<p>The plain fact is &#8211; you and I can both be given the same business plan and if you give us both eighteen months and $1m &#8211; the two companies that come out the other end of the sausage machine will be completely different. And the the magic fairy dust that makes it so?</p>
<p>The founding team and the people they bring onboard &#8211; the culture they create &#8211; HOW they take those ingredients and put it together.</p>
<p>So &#8211; ideas and business plans and new business can look similar &#8211; and there appear to be conflicts for investors who see similar businesses. But where they really need to be looking is in the whites of the eyes of the people behind them. Don&#8217;t bet on the business plan or the concept or even the sexy space &#8211; always bet on the people! One way or another &#8211; the right people will make it happen.</p>
<p>Last note &#8211; Hey entrepreneurs &#8211; part of the reason why you guys change the world is because you don&#8217;t listen and you don&#8217;t let anyone call your baby ugly!  You Rock!</p>
<p>Andrew</p>
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		<title>By: dave broadwin</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2133</link>
		<dc:creator>dave broadwin</dc:creator>
		<pubDate>Sun, 11 Jul 2010 14:40:57 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2133</guid>
		<description>Great post on a subject that is of much concern to entrepreneurs.

Your point about looking at conflicts narrowly (only direct competitors) is, I think well taken.

A related problem is service providers with conflicts.  These can arise in many ways.  A couple are that we represent your investor in another investment or that we represent another company in the same space.  The classic case of we represent thus and such a VC firm and now one of our clients gets a term sheet from them, happens all the time.  (We actually like to refer clients to funds where we have relationships.)  Ditto for angel investors.  Having clients in seemingly competitive spaces also happens a lot.  Bar associations have very carefully developed standards around what representations lawyers can and cannot take, and reputable lawyers and law firms adhere to them closely.  Nonetheless, I am curious how entrepreneurs feel about these actual or seeming conflicts.

Another one is lawyers who take equity for fees (or invest) in clients.    As a general proposition, I have not done that and have been glad I didn&#039;t, but I am aware that it is common practice in some firms.  There are some good arguments in its favor.  Any thoughts?</description>
		<content:encoded><![CDATA[<p>Great post on a subject that is of much concern to entrepreneurs.</p>
<p>Your point about looking at conflicts narrowly (only direct competitors) is, I think well taken.</p>
<p>A related problem is service providers with conflicts.  These can arise in many ways.  A couple are that we represent your investor in another investment or that we represent another company in the same space.  The classic case of we represent thus and such a VC firm and now one of our clients gets a term sheet from them, happens all the time.  (We actually like to refer clients to funds where we have relationships.)  Ditto for angel investors.  Having clients in seemingly competitive spaces also happens a lot.  Bar associations have very carefully developed standards around what representations lawyers can and cannot take, and reputable lawyers and law firms adhere to them closely.  Nonetheless, I am curious how entrepreneurs feel about these actual or seeming conflicts.</p>
<p>Another one is lawyers who take equity for fees (or invest) in clients.    As a general proposition, I have not done that and have been glad I didn&#8217;t, but I am aware that it is common practice in some firms.  There are some good arguments in its favor.  Any thoughts?</p>
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	<item>
		<title>By: dave broadwin</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2132</link>
		<dc:creator>dave broadwin</dc:creator>
		<pubDate>Sun, 11 Jul 2010 14:28:51 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2132</guid>
		<description>Good point.  I can&#039;t tell you how often (as an attorney representing start-ups) I have to clear a conflict because of a seemingly competitive company that is already a client.  Then, they both pivot within a month.  I would say that the start-up that does not pivot is by far the exception.</description>
		<content:encoded><![CDATA[<p>Good point.  I can&#8217;t tell you how often (as an attorney representing start-ups) I have to clear a conflict because of a seemingly competitive company that is already a client.  Then, they both pivot within a month.  I would say that the start-up that does not pivot is by far the exception.</p>
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		<title>By: mike lewis</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2131</link>
		<dc:creator>mike lewis</dc:creator>
		<pubDate>Sun, 11 Jul 2010 06:40:12 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2131</guid>
		<description>Great post and have run into some of these scenarios.

Another thing to keep in mind - if you&#039;re raising Angel money, even if it seems competitive, the company is likely to pivot somehow in the first 3-9 months so what seems very competitive at first will probably not be the case once you adjust for product/market fit.</description>
		<content:encoded><![CDATA[<p>Great post and have run into some of these scenarios.</p>
<p>Another thing to keep in mind &#8211; if you&#8217;re raising Angel money, even if it seems competitive, the company is likely to pivot somehow in the first 3-9 months so what seems very competitive at first will probably not be the case once you adjust for product/market fit.</p>
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		<title>By: Florence</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2130</link>
		<dc:creator>Florence</dc:creator>
		<pubDate>Thu, 08 Jul 2010 18:53:00 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2130</guid>
		<description>I agree that the people implementing the idea is what makes the difference.

About having a post on how to assess people behind the idea...when I meet and speak with people that have that entrepreneurs&#039; oomph - it&#039;s pretty tough to generalize what &quot;type&quot; of person they may be.  Awesome entrepreneurs in online tech have a different kind of oomph than those in say medical sciences.

On filing patents and waving them around during an investor pitch - I have done that before and knew that some investors wanted to hear we had filed a patent for the sake of having a patent.  Those actually aren&#039;t the types of investors entrepreneurs should be engaging with.  If they think your patent is going to be the best barrier to competition - they are placing low value on marketing, branding, people - all the other important aspects of the business that ultimately builds a great and sustainable business.

My 2 cents.</description>
		<content:encoded><![CDATA[<p>I agree that the people implementing the idea is what makes the difference.</p>
<p>About having a post on how to assess people behind the idea&#8230;when I meet and speak with people that have that entrepreneurs&#8217; oomph &#8211; it&#8217;s pretty tough to generalize what &#8220;type&#8221; of person they may be.  Awesome entrepreneurs in online tech have a different kind of oomph than those in say medical sciences.</p>
<p>On filing patents and waving them around during an investor pitch &#8211; I have done that before and knew that some investors wanted to hear we had filed a patent for the sake of having a patent.  Those actually aren&#8217;t the types of investors entrepreneurs should be engaging with.  If they think your patent is going to be the best barrier to competition &#8211; they are placing low value on marketing, branding, people &#8211; all the other important aspects of the business that ultimately builds a great and sustainable business.</p>
<p>My 2 cents.</p>
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		<title>By: Bob Firestone</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2129</link>
		<dc:creator>Bob Firestone</dc:creator>
		<pubDate>Thu, 08 Jul 2010 15:57:09 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2129</guid>
		<description>As the saying goes every battle plan works until you engage the enemy. Until you execute, a million dollar idea and $4 will buy you a cup of coffee.</description>
		<content:encoded><![CDATA[<p>As the saying goes every battle plan works until you engage the enemy. Until you execute, a million dollar idea and $4 will buy you a cup of coffee.</p>
]]></content:encoded>
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		<title>By: Eran Davidov</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2128</link>
		<dc:creator>Eran Davidov</dc:creator>
		<pubDate>Thu, 08 Jul 2010 13:34:29 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2128</guid>
		<description>For someone like me about to start the funding rounds, this is good advice. I&#039;ve already seen the idea vs. execution piece in a set of meeting I had with an entrepreneur who wanted to share an idea with my partner and me and immediately own 40% of the company. Bizarre does not begin to describe it.</description>
		<content:encoded><![CDATA[<p>For someone like me about to start the funding rounds, this is good advice. I&#8217;ve already seen the idea vs. execution piece in a set of meeting I had with an entrepreneur who wanted to share an idea with my partner and me and immediately own 40% of the company. Bizarre does not begin to describe it.</p>
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		<title>By: Martin Edic</title>
		<link>http://venturehacks.com/articles/a-conflict-of-interests/comment-page-1#comment-2127</link>
		<dc:creator>Martin Edic</dc:creator>
		<pubDate>Thu, 08 Jul 2010 13:20:53 +0000</pubDate>
		<guid isPermaLink="false">http://venturehacks.com/?p=7196#comment-2127</guid>
		<description>This sounds like the &#039;competition vs. execution&#039; discussion. If ideas are seldom original then only the ability to execute on the idea is the investing criteria. Filtering out bad ideas is easy- I&#039;ve run business plan contests where 95% of the plans were eliminated at the first paragraph. In every case it was the perceived ability of the founders to execute the plan that got them the attention.
How about a post about assessing the people behind the ideas?</description>
		<content:encoded><![CDATA[<p>This sounds like the &#8216;competition vs. execution&#8217; discussion. If ideas are seldom original then only the ability to execute on the idea is the investing criteria. Filtering out bad ideas is easy- I&#8217;ve run business plan contests where 95% of the plans were eliminated at the first paragraph. In every case it was the perceived ability of the founders to execute the plan that got them the attention.<br />
How about a post about assessing the people behind the ideas?</p>
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