My expectations for 2009 are that things will get worse before they get better. On the portfolio company side, I would rather have my companies growing at a lesser rate getting closer to breakeven than growing too aggressively and burning lots of cash. Once your house is in order (see some earlier posts I made […]
Feb 20, 2009
A friend of mine is putting together his first deck for potential investors. In typical startup fashion, they launched a product, got a number of users, and then iterated several times to improve the service. With the product in the hands of tens of thousands of users, they started getting inbound requests from larger organizations […]
Oct 22, 2008
Despite these tough times, there are still some bullheaded companies who think they can grow their way out of this mess or find the right M&A partner to bail them out. I can guarantee you that this is a recipe for disaster. I was on the phone today with the CEO of one our portfolio […]
Oct 15, 2008
I did an interview with Rich Maguire of Datamation last week which he just posted yesterday. While the markets seemed to get excited for a day about the bank bailout, attention is turning toward an even bigger problem for startups, a potential recession. The consumer no longer has that ATM called their house and confidence […]
The alarm bells are ringing in Silicon Valley and start-up land today with Sequoia Capital and Ron Conway telling companies to prepare for the economic meltdown and to raise cash by cutting their burn. This is not new news as being in New York we started to feel the real economic impact in mid-September as […]
Oct 1, 2008
I received some incredible news last night from two portfolio company CEOs updating me on our Q3 numbers. They not only hit their respective forecasts set early in the year, but they beat them. Normally I expect our portfolio companies to hit their numbers, but I am ecstatic because we delivered in the midst of […]
Sep 15, 2008
Being in New York, it is hard to escape the realities of the ailing financial sector. When I took the train into the city this morning I could see the somber look in people’s eyes knowing what had just happened to Lehman Brothers and the uncertainty of the financial markets and economy. Given this state […]
The economy is clearly slowing down and the IPO market is nonexistent. As I have always said, this is the time to hunker down and tweak your business to get your model right. If you are interested in exiting today, M&A continues to be the only viable path along that front. Having been through a […]
Jun 5, 2008
The world that we live in trades on reputation. What that means is that eventually whether you are raising capital or landing new customers, your references will matter. If you are an entrepreneur, a VC will want to do some deep reference checks on you and also on any major customers or partners. If you […]
What I like to tell portfolio companies is that on average it will take 6 months to raise capital with some cycles being shorter and some being longer. Given that, it is imperative for a company to start thinking about its next round well ahead of time and the milestones it needs to hit to […]
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 18 years of venture capital experience having led seed and first round investments in a number of high profile Internet and software companies.
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