ask the vc: another great vc info link
i seem to be stumbling upon great links that everyone else probably already knows about.
you know, i find most vc-info blogs to be misleading.
seasoned entrepreneurs that have great deals behind them often give bad advice because the theme of their blogs are often “screw the vc’s, you set the agenda” but the problem with that kind of advice is that new entrepreneurs simply don’t have the same leverage as those guys. it is stupid to act like an arrogant, seasoned deal-maker when you’re not.
many vc blogs, on the other side, are misleading because the vc’s give advice like “top ten things not to say to a vc”. the problem with advice like this is that it implies that getting a vc deal is all about perfecting your pitch. the truth is, in my opinion, the secret to getting a deal is having a great business and a great team.
anyway out of all the blogs out there, one of the best in my opinion is “ask the vc“.
here are some of my favourite posts:
- how do vc’s calculate valuation
- should companies shop for financing? this post is good because it disagrees with my previous post about dealing with investment partners one-by-one. if ask the vc and i ever disagree, trust ask the vc.
- how much to pay yourself before getting financing
ask the vc also has a whole section with “great vc posts“. that are, well, great vc posts.