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The Art of the Start 2.0:
Like the sun rising and Canadians playing hockey, you can depend on the greed of venture capitalists.
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125 |
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The Art of the Start 2.0:
There is no such thing as a vanilla term sheet. If term sheets are ice cream, the most common flavor is Rocky Road.
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126 |
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The Art of the Start 2.0:
…no matter what valuation, the more money you take, the more you have to return.
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127 |
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The Art of the Start 2.0:
How much your company is worth is more important than what percentage you own.
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128 |
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The Art of the Start 2.0:
…raising money is a numbers game: you’ve got to make a lot of pitches to find one investor to write a check, so you can’t be picky.
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134 |
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The Art of the Start 2.0:
Persistence, with proof, can succeed.
|
134 |
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The Art of the Start 2.0:
…in almost all cases, you will have a lot of skin in the game in the form of months of sweat equity.
|
135 |
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The Art of the Start 2.0:
Investors are looking for people who can implement ideas, not only come up with them. Ideas are easy. Implementation is hard – and where the money is.
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136 |
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The Art of the Start 2.0:
The best protection of an idea is great implementation of the idea.
|
137 |
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The Art of the Start 2.0:
It’s almost impossible to recover from a bad start, so get there early and set the stage.
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139 |
