No matter how many times I told my friend that he needed to get a deck together for a potential capital raise and model out some thoughts on market sizing and financials, I ran into resistance. It was not because he didn't think it was important or that it mattered. It was because he was [...]
Positioning and pitch decks for startups
Jan 29, 2009
in Entrepreneurship, Venture Capital
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 [...]
Be prudent but don't panic!
Oct 9, 2008
in Entrepreneurship, Venture Capital
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 [...]
M&A – it ain't over till it's over
Aug 22, 2008
in Entrepreneurship, Venture Capital
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 [...]
What do I see in venture through 2010???
Jul 31, 2008
in Venture Capital
The Jordan Edmiston Group recently asked me and a few other VCs a few pointed questions about the future for circulation in their July Client Briefing. As an aside, I worked with JEGI two years ago and they did a fantastic job helping us sell Moreover Technologies to Verisign. They understand the media and online [...]
Raising capital and meeting expectations
May 28, 2008
in Entrepreneurship, Venture Capital
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 [...]
Top tech M&A advisors for 2007
Feb 8, 2008
in Entrepreneurship, Investing/Markets, Venture Capital
I just got the 451 Group’s summary on the top M&A bankers for 2007. As with 2006, Goldman Sachs was #1 on the list. Take a look: Top five overall advisers, 2007 Adviser Deal value Deal volume 2006 ranking Goldman Sachs $79bn 43 1 Credit [...]
Greenplum closes on $27million round of financing
Jan 22, 2008
in Entrepreneurship, Open Source, Venture Capital
Congratulations to Bill, Scott and team on our new $27mm round of funding led by Meritech and including Sun Microsystems and SAP Ventures. You guys have been pushing the envelope since I have known you and delivering some spectacular results to boot. It is nice to see our team and product get validated with a [...]
Should I flip or should I build?
Oct 11, 2007
in Entrepreneurship, Venture Capital
It seems that everyday there is a new annoucement of a tiny startup being bought by a large company. Two days ago it was Jaiku being bought by Google and this morning CBS announced that it is buying Dotspotter, a 10 month old gossip blog. Put yourself in these entrepreneurs’ shoes – you launch a [...]
On performance based earnouts
Oct 1, 2007
in Entrepreneurship, Venture Capital
I am sure you remember the ebay-Skype deal where ebay coughed up $2.6b upfront for Skype and offered an earnout of up to another $1.7b for hitting performance numbers. Besides the value of the deal, what struck me most was that 40% of the total potential deal size was based on performance-based milestones. Fast forward [...]
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 15 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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Ed Sim: I wouldn't say it is a negative, but I would say l...
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Brett Topche: Given this stance, is it logical to then say you v...
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Anna Pietka: Ed, thank you for sharing you insights. I am just ...
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Bobby: I would have to agree with most of what you look f...
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Scott: I know I am late to the party on this thread but I...

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