Over the last few months helping friends there are 2 trends that really stick out to me. One of them is that deals are getting done and another is that founders under prepare their process and assume investors will tell them what to do and what to give them in order to get a deal… Continue reading How to run a fundraising process
Raising capital is harder than it should be in emerging startup communities largely in part to a lack of established processes and shared terms. Everything is new and that's not really a good thing when it comes to term sheets and deal terms. I've suggested the idea multiple times that communities could have a community… Continue reading The One Page Term Sheet
There's this great saying about giving first, giving often and giving with no expectation of getting anything in return. Brad and the Techstars teams have done a tremendous job of evangelizing this around the world. While I agree with all of this I've struggled a lot with how to have confidence that I'm giving to… Continue reading Where to invest the time?
We have this silly built-in part of us here where we don’t want people to know when something doesn’t work out. That is self-defeating. The community learns faster from failures than it does from successes.
When I talk to founders in the Midwest, I'm constantly asking: WHY ARE YOU DOING THIS? Some think it's a good way to make a lot of money. That type of thinking never works. Greed can be super powerful for some, but typically, those folks have the attention of a four year old. Their greed will take them to… Continue reading Solve problems that piss you off