David Cancel and I had an online exchange about what we read. I’d like to get others’ recommendations. What do you read that is helpful and inspirational? To get things going, here’s what I read regularly (and how I read them): Wall Street Journal (digital): Can be off the wall, such as this piece on
Raising venture capital money sounds like something from the Dark Arts, but it really isn’t all that complicated. Different approaches and different styles work, but there are some rules of thumb that seem to work well over and over. I thought I’d write a Friday series on raising money from VCs. I am thinking of
I’ve been on the waiting list for the new Nest thermostat. I just got an email saying that they have some new product. My techie Inner Self is pretty excited about it. The Nest is the “smart” thermostat developed by the folks who designed the first iPods. I completely fell for the marketing pitch. It
I recently connected with one of the founders in our portfolio. A company where he worked two start-ups ago was sold. He got his check last year. His personal take, which he humbly whispered to me, was $5 million. I asked him what he did with the money. I expected to hear about a new
I don’t think there’s a lot that business school can teach start-up founders. But, there is one particular lesson I think is valuable: managing culture and conflict. Here’s what I mean. When I arrived at Harvard Business School, my classmates and I were automatically assigned to one of nine “Sections” (I was in Section F).
One day, our investors did something unusual. Let me explain. Our first fund was $50 million and closed in 2007. A year later, we were thinking of raising more money. One of our investors quickly offered a big check. Other existing investors did the same, and so, our fund was slated to grow to $100 million (we decided to