Venture Hacks

Summary: Here are 3 microhacks for finding a lead investor: (1) If followers have good reasons to not lead, ask them for introductions to potential leads. (2) If you’re early stage, find seed investors who invest in people and high risk startups. (3) If every prospective investor says “we don’t know the market,” find investors [...]

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“Once the term sheet is signed, the power shifts away from the startup to the purchaser. The typical term sheet will give the purchaser the discretion to step away from the deal if due diligence is unsatisfactory, or if the necessary internal approvals are not obtained.”
— Suzanne Dingwall Williams, on M&A
“… there is a wide [...]

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Q: Everybody is telling us to raise smart money. What’s the difference between smart money and dumb money?
“The best assumption to make is that your VC’s primary value add is the cash they are investing. Then you’ll always be surprised on the upside.”
— Marc Andreessen
Summary: Smart money is money plus the promise of help that’s [...]

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