Nivi · April 3rd, 2007
A big thanks goes out to our new readers, commenters, and all those who wrote about Venture Hacks. Here are some of our favorite comments so far:
Everyone in Silicon Valley benefits from lowering the transaction costs of funding startups, which means more companies get funded, more jobs get created and tax revenues increase without raising taxes.
Shouldn’t executing disciplined business plans around new technologies be the challenge of entrepreneurship? Contacting prospective investors and understanding what they want to hear should be the easy part.
“There are plenty of lawyers who know VC terms and VC deals very well, yet are not in the VC’s back pockets. Ask around your business community — you will quickly learn which lawyers you can trust as being more company/entrepeneur focused, and which ones will be good VC lawyers but too cozy with VC’s for a smart entrepeneur to really trust.
Also, many VC-back-pocket lawyers will sell themselves to you as having all the connections to the VC’s and can get your company in front of all the big players, but that should be an alarm bell. There is a difference — ask around with people who have been there and whose opinion you value and trust, and you will find it.”
There was a good exchange in the comments on Venture Beat:
A GD VC: “You need to trust your investor won’t jack you at every turn otherwise the enterprise is doomed from the beginning.”
startupboy [not Naval]: “You could very well say the same about VCs. You shouldn’t invest unless you trust the founders, so why bother with complicated terms? The core issue here is unequal negotiating power, not trust.”
From the humor pile, “Makeit” says:
“Naval is a God….VCs are bad and Naval is good! Naval talks…I listen.”
We think he is making fun of us.