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Sharing Our Experience with Entrepreneurs
Ben Horowitz Calls Them Out

Is it OK to be this public about it?

For those that read this blog regularly, you know that I am a fan of Ben Horowitz, co-founder of the venture-capital firm Andreessen Horowitz. While I don’t know him personally, his insights are routinely excellent.

For those that read this blog regularly, you know that I am a fan of Ben Horowitz, co-founder of the venture-capital firm Andreessen Horowitz. While I don’t know him personally, his insights are routinely excellent. His experiences are a part of what makes his advice good advice. Ben has been very public about many of his experiences over the years, including a very bad experience he had with the public accounting firm Ernst & Young. Is being so public about that experience the right thing for Ben to do?

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Managing Billion Dollar Tech Start-Up Valuations

It’s even more subtle than it seems and great VC’s do it well 

A nice story on Bloomberg by Sara Frier and Eric Newcomer on the protections that VC’s seek when investing in tech start-ups at multi-billion dollar valuations.

A nice story on Bloomberg by Sara Frier and Eric Newcomer on the protections that VC’s seek when investing in tech start-ups at multi-billion dollar valuations. The article is worth the read and sufficiently notes a number of the “downside protection” techniques relied upon by VC investors.

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The Cost of Waiting on Working Capital

The price shareholders have to pay for inaction is often a lot more than you think.

Usually, patience is prudence. But in some important instances, inaction can be a growth and value killer.  Entrepreneurs that are running high growth companies have incentive to hold off for as long as possible.

Usually, patience is prudence. But in some important instances, inaction can be a growth and value killer.  Entrepreneurs that are running high growth companies have a lot of incentive to hold off for as long as possible when it comes to raising additional equity.  If for no other reason, to simply build more value before marking the company’s value again.  Or said another way, buying time to achieve more operating milestones to support the sale of more equity at the highest possible price.

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