Venture Hacks

More wisdom from Randy Komisar’s The Monk and the Riddle (emphasis added):
Passion
“So why were they doing this? Why was it worth their time? I am always amazed that venture capitalists don’t ask that question. Perhaps at this point everyone assumes it’s obvious: to get rich.
“Passion and drive are not the same at all. Passion pulls [...]

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I’m reading Randy Komisar’s book, The Monk and the Riddle.
He wrote it before he became a partner at Kleiner Perkins and I like his description of the Rocket Ship model of investing (emphasis added):
“Over the last several years… a new investment model has taken hold. Fill each startup with rocket fuel as fast as possible [...]

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Summary: Raise as much money as possible. With these caveats: (1) maintain control at any cost, (2) monitor your liquidation preference, and (3) act like you don’t have a lot of money. Also understand that if you do raise a lot of money, you will have to (1) “go big or go home” and (2) [...]

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Here are the latest great comments from our readers—please keep ‘em coming!
Rob Lord, founder of Songbird (Sequoia Capital), has some ideas for VC Wear t-shirts:
“Mo’ money, mo’ board seats.
“409a a-okay!
“Some of my best friends are EIRs.
“Venture debt is a non-starter.”
Jonathan Boutelle, founder of SlideShare, suggests using SlideShare to share decks privately:
“One safe way to [...]

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