Archives for 2016-03-21

Honestly, there are so many deals to be had, I would argue that if a VC is seriously interested in a company, then they always aggressively pursue it.

This is a quite hilarious parody of that:

Realistically, a team might get to the sit down, full pitch stage with 2-3 firms at a series A. If they’re supposedly “hot” like Pied Piper, that number may be a bit higher.

They may be offered term sheets by some right away, but that’s terrible business. There needs to be some sort of due diligence involved, usually paid for by the company (not the VC). Going after multiple term sheets becomes cost prohibitive very quickly for a small fry like Pied Piper (that’s why Angels are better at their stage.)

A VC that wants to be nice and help the little guy out could be seen as more aggressive, wanting to get the deal done faster (at better terms for them, of course.)

So, for that reason, any team that has ever been funded by a VC firm (not angels) I’d say was “aggressively pursued.”

Originally Posted: https://www.quora.com/What-are-some-cases-where-a-VC-was-extremely-aggressive-to-get-a-deal

Originally Posted On: 2016-01-06

There are a lot of things that are hard about being an entrepreneur:

The long hours
The lack of money
Culture clashes between team members
Ability to execute
Market validation
Etc.

The hardest thing, though, is knowing when to quit.

When it is your company, and your idea, you cling to it tightly and it’s hard to see any faults with it. The truth is, there may actually be nothing wrong with he idea, but the timing could be wrong, or you could have the wrong team in place, or run out of money…

Or, you could simply have an awesome idea and no passion for it.

Recently, I met someone who had an amazing idea. She was extremely happy to have come up with this idea and was in the process of putting a team together to execute on it, when I noticed that when she talked about it, her voice was kind of “flat”, with no emotion behind it.

I asked her, “What about this idea interests you?”

She said “The world needs it.”

I looked at her. She looked back. We did that for a minute until she really heard what she said.

She then picked up her phone and called her extremely passionate cofounder to tell them that the whole project was theirs, and she was going to find something of her own.

Ask yourself what matters to you about what you are working on now. If it’s truly nothing, then get out.

If it does matter, though, then work it out with your cofounders. They are just people – if you let them know how you feel you have a chance of salvaging your company.

Originally Posted: https://www.quora.com/Should-I-leave-a-startup-if-I-am-not-happy-with-my-co-founders-I-am-also-not-really-passionate-about-the-idea-I-think-I-am-wasting-my-precious-years-of-my-life-here-plus-I-have-an-idea-and-want-to-start-working-on-it

Originally Posted On: 2015-12-10