Venture Hacks

Chris Dixon, serial entrepreneur and seed-stage investor:
“… You should try to answer the question: what is the biggest risk your startup is facing in the upcoming year and how can you eliminate that risk?  You should come up with your own answer but you should also talk to lots of smart people to get their [...]

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A reader asks:
“My question is how do we value a company with no sales? I understand it’s an arbitrary valuation but is there anything we can possibly base it on? Is there a “default” valuation for companies in a seed round?”
We’ll answer this question with some questions (and answers) of our own:

How much money do [...]

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“You cannot clear the market in series.”
– Office Hours
“Investors move in herds that are steered by scarcity and social proof.”
– Office Hours
Summary: This article includes audio and notes from our first office hours. Topics include selling 51% of the company, dead equity, and setting good terms with angels.
Yesterday, we held our first office hours via [...]

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