VC Nuggets of the Day

  • Technology Monitor by The Economist
  • Guy Kawasaki on Venture Capital
    • Viable vs. fundable business
    • VC is a “Hot or Not” dating games (you have about 15 seconds to make an impression)
    • You need to present a clean deal (e.g. using typical law firm, not hiring your relatives)
    • PowerPoint is a standard (10 slides, 20 minutes, 30 points font): (1) Title slide with contact information; (2) Problem slide; (3) Solution slide; (4) Business model – how you make money; (5) Underlying “magic” (e.g. technology, people skills, access to unique info); (6) How to you access the market; (7) Competition slide (honestly show gaps); (8) Team slide; (9) Projections (the most important part is a metrics not the dollar amount); (10) Status and timeline (where are you now)
    • “Drill a lot of holes” – you will need to make a lot of effort to raise capital.
    • “if the dogs are eating the food” = “We need more money to scale” = very attractive opportunity
  • www.churchillclub.org – The Churchill Club is Silicon Valley’s premier business and technology forum. The 6,000-member, nonprofit organization has built a reputation for dynamic, in-the-news programs featuring Silicon Valley CEOs, up-and-coming executives and national business leaders.
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VC Nuggets of the day

  • Venture Capital section of Deal Book of The New York Times edited by Andrew Ross Sorkin
  • Developers worldwide can integrate LinkedIn into their business applications and Web sites. Read more…
  • www.startuphire.com was created in March 2009 as a place for VCs and startups to list their job openings.
  • www.defragcon.com – Defrag is focused on the tools and technologies that accelerate the "aha" moment, and is a gathering place for the growing community of implementers, users, and thinkers that are building the next wave of software innovation.
  • Harvard Business School (HBS) says that it will hold a new business plan competition open to HBS alumni from all over the world. Read more…
  • “investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy” Read more…
  • The formation of a new company to run the online newsstand — sometimes characterized as an “iTunes for magazines” — may be announced in early December. Read more…
  • Venrock = Venture + Rockefeller; A pionering venture capital firm formed in 1969.
  • David Pakman – a Partner at Venrock in New York, David focuses on early stage venture investing in internet and digital media companies. Read more…
  • Cloudera, the commercial Hadoop(TM) company, today announced that it has secured a Series B venture capital funding round led by Greylock Partners. Read more…

VC Nuggets of the day

VC Nuggets of the day

  • VC Funding Season (according to Mark Suster who is focusing on early-stage technology companies) – “It is very difficult to raising venture capital between November 15 – January 7th.  It is also very hard to raise VC from July 15 – September 7th. … The VC process is almost universal in how it works across firms.  You meet an initial person from a firm – an associate, a principal or a partner.  If it’s one of the first two you’ll probably meet a single partner before coming into a full partner meeting where (by definition) all of the partners will be in attendance.” Read more…
  • “Fund raising is an ongoing process and not an event on a workplan.  You need to build a relationship with investors over a long period of time.  That is how you convince VC’s that you’re gaining “traction.” … If you wait until you’re “ready” to fund you’re too late.  Funding is about developing a relationship over time…If you wait until you’re “ready” to fund you’re too late.  Funding is about developing a relationship over time.” Read more…
  • An outline for the posts on how to raise money from VC by Mark Suster.
  • Hacker News on YCombinator. YCombinator is a new kind of venture firm specializing in funding early stage startups.
  • MASSACHUSETTS INNOVATION & TECHNOLOGY EXCHANGE

VC Nuggets of the day

  • Fred Wilson is a managing partner at Union Square Ventures – specializing in early stage investing. 
  • CloudMade is building tools that will make it easier for non-technical people to add data to OpenStreetMap. Google owns its mapping data, even when that data is provided by volunteers, while data contributed to OpenStreetMap is owned by whoever provides it. Read more…
  • Norwest Venture Partners (NVP) – Norwest Venture Partners raised $1.2 billion and will invest the money in technology startups and other growth-stage private companies based in the U.S., India, Israel and China over the next three to four years, says managing partner Promod Haque. Read more…
  • Industry analyst Gartner Group recently predicted that the market for cloud computing services will exceed $14 billion by 2014.
  • www.joyent.com – this company positions itself as on demand computing. Nevertheless, it looks like it changes fees before you actually consume the resources. Is it really a cloud?  Validated Technology Stacks: Unparalleled Apache, PHP, Rails, and MySQL performance in the Joyent Cloud.
  • AlwaysOnVC & $The 2009 Venture Capital 100 – The 2009 Winners – AlwaysOn VC 100 highlights the one hundred individuals who have backed the most profitable winners in the last four years (copy of the list).
  • BusinessWire \ Services \ Finance \ Venture Capital
  • What is a definition of top-tier venture capital firm?
  • Forbes will not publish its annual Midas List next year. Read more…
  • Bootstrapping is the art of building a business via one’s own financial means. Read more…

VC Nuggets of the day

VC and Angel Nuggets of the day

  • The New England Venture Summit, presented by youngStartup Ventures, is the premier industry gathering connecting senior executives of early stage and emerging growth companies, venture capitalists, angel investors, technology transfer professionals, university researchers, incubators, successful entrepreneurs and premier service providers.
  • 12th Annual MIT Venture Capital Conference – The MIT Venture Capital Conference addresses the most important current issues in the venture capital industry.  For 12 years, the conference has attracted leading investors and entrepreneurs to participate in discussions at the core of venture investing and company building. Webcasts of the 2008 MIT Venture Capital Conference are available on the website.
  • www.outright.com – “Outright is free, simple bookkeeping and will remain so. We do plan to charge a nominal fee for innovative services yet to come.”
  • www.evernote.com – cloud-based service that helps you to remember everything.
  • Fenwick & West’s Silicon Valley venture capital survey finds that up rounds exceeded down rounds last quarter for the first time this year — 41% of rounds were up, 36% down and 23% flat. Read more…
  • 10 Largest VC-Backed M&A Exits of 2009
  • www.businessinsider.com/alleyinsider – Silicon Alley Insider (SAI)