Foundry’s Seth Levine recently had a great blog post about what can happen when VCs do too many seeds (more here): I’m seeing an increasing number of Series A pitches where a company has at least one venture investor in its seed, the business is very clearly doing well and where the entrepreneur is simply
Flybridge’s Michael Greeley has a great write-up on newly-released data from the National Venture Capital Association (click here). In particular, he writes about the seed market: “End of the Great Seed Experiment” which is something I have been saying for the better part of a year – there was only $141MM invested in 53 deals
We made a new investment in Cloze and really like founders Dan Foody and Alex Cote. More here.
This is the fifth post in a Friday series on “raising VC money”. For the list of topics we are covering, click here. In this post, we’ll focus on “how to handle the VC partners’ meeting.” It is a unique meeting. It’s a smaller version of pitching the Supreme Court. So, you’ve done some research
After some fantastic beta data, our company Boundless has decided to go for it. Venrock led the round. The company is offering free college text books to students. When the team first pitched us, we were amazed that only about 11% of a textbook’s price goes to the author. The rest funds various logistics, inventory
I wrote a little bit ago about how VCs get paid (more here). In particular, I wrote about the “management company” that exists at venture firms and which controls the money and power at those firms. A management company is essentially a “firm within a firm” and it’s details are often kept secret from partners