Skip to main content

Pro Tip VCs: $15m to a de-risked business isn’t a Series A

On the eve of my moving to Silicon Valley at the peak of the last bubble, I was playing Trivial Pursuit with my family.

The question in Science and Technology I got was: What four letter word do venture capitalists savor like a fine cigar? I laughed out loud because I’d just accepted a job on the other side of the country to cover just that. The answer was of course: Risk. I found it such an odd question and such a statement of the zeitgeist — given how little known venture capital even was as a thing before the dot com bubble– that I snagged it and hung it up in my first reporter cube out here.

That answer is still laughable today, but for a different reason. I can come up with a few better for letter answers: FOMO. Bro’s. “Pile on to a sure thing” could perhaps be abbreviated to “POST”? As in: “We got a $1 billion [pile onto a sure thing]-money valuation.”

Seriously, what is wrong with Sand Hill Road?

from: Pando latest articles
via Sarah Lacy

Source: Pro Tip VCs: $15m to a de-risked business isn’t a Series A Via Business Advice.

Comments

Post a Comment

Popular posts from this blog

How to Add Web Push Notification to Your WordPress Site

Do you want to add push notifications to your WordPress site? Push notifications allow you to send notifications to users even when they are not visiting your website. In this article, we will show you how to easily add web push notifications to your WordPress site. We will also talk about the best WordPress push notification plugins and how to send desktop & mobile push notifications from your WordPress site. What is Push Notification? Push notifications are clickable messages displayed on top of user’s desktop or notification area on their mobile device. They can be shown even when the user’s browser is not open. Aside from desktop, web push notifications also work on mobile devices. This allows you to reach your users across devices with latest updates and offers. Web push notifications have proven to be a very effective way to convert website visitors into customers and loyal followers. Why Add Web Push Notifications to Your WordPress Site? We have already discussed tha...
Post a Comment
Read more

5 Things You Should Know about Purchasing a Company Vehicle

  Many businesses require a vehicle to do business. It transports both goods and people from point A to point B and allows you to keep business dealings in-house. However, choosing a good company vehicle can be somewhat complex. You shouldn’t take the decision lightly. Here are a few things you should know before you buy a vehicle for your business: Accidents can happen, placing liability on you. You might think that an accident won’t happen if you hire drivers with a good track record and write a rule-book with strict policies and procedures. These are good tactics for mitigating some of the risks associated with commercial car accidents, but they won’t protect you completely. More than two million car accidents happen each year. Many of them are commercial truck accidents, costing millions in damages. Since commercial drivers are on the road more than personal drivers, they’re significantly more likely to cause an accident. Understanding the liability that’s placed on yo...
Post a Comment
Read more

5 Essentials for Starting a Business in 2019

Is 2019 the year that you finally start your own small business or startup? There are a lot of good reasons to consider starting your company this year. You can do it. You don’t necessarily need a degree in business or finance to be successful. But keep reading—there are a few essentials for getting up and running that you won’t want to miss. 1. A great business idea If you’re kicking around a few ideas for your new company, or you think you have a concept but aren’t sure it will work, use these resources to help you think it through before you invest a ton of money and time. Validate your best ideas Our guide to coming up with a great business idea is packed with ideas for all kinds of industries. This article on generating hundreds of business ideas is a great place to start. When you’ve settled on one (or a few) favorites, download our free Business Idea Validation Checklist , which is an excellent tool for making sure your idea has legs before you invest any more time or...
Post a Comment
Read more