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The Great Coding School Rollup of 2015

Feld Thoughts

When I saw the proposal, I immediately thought of the web consulting rollups of 1999. revenue were the correct valuations since these are generally 5% to 10% net income businesses that are 30% – 40% gross margin and heavily dependent on (a) transitory labor and (b) favorable supply/demand conditions. I’d argue the 0.5x

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In Silicon Valley, Founders Fight for Control

online.wsj.com

Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that theyll be better able to resist outside distraction and focus on making great products. One of its champions includes Jason Goldberg, the co-founder and CEO of online design retailer Fab.com Inc.,

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Turing Distinguished Leader Series: With Partner David Zhang, TVC

ReadWriteStart

So, think of the typical two founders with a pitch book in a garage. Instead, that’s the sort of pre-series-A investment where companies or founders have visions of where they think there are underserved market needs, and they’re coming up with something super excited to try to solve that. . We’re a crossover fund.

Partner 132
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Why being a VC is more difficult than people think

The Equity Kicker

7/ Net/Net: VC is a hard f **g business but simplification in press makes it seem glamorous & easy – almost swashbuckling. Fortunately Steve Schlenker, co-founder of DN Capital has captured most of them in his Quora answer to the question: How hard is it to be a venture capitalist. NotGlamorous.

Europe 60
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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. Founders however are asked to take low salaries and never really get back the time they worked for free.

Founder 329
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Pet Food Billionaire Creates Bootcamp for Entrepreneurs | Aileron | Clay Mathile

Campus Entrepreneurship

Mathile: Clay Mathile, pet food billionaire (net worth: roughly $1.8 billion), father of five, and founder of the Aileron Institute, a non-profit boot camp for small business owners looking to take their companies to that coveted next level. Mathile, 70, sold pet food maker Iams Co. billion in 1999.

Ohio 39
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10 years of entrepreneurship

Startup Lessons Learned

In the summer of 1999, I started working on a startup from my college dorm. Id been on the internet since I was playing MUDs as a kid, but by 1999 I felt Id already missed the boat. You can even see the humiliating evidence of my smug incompetence in this absurd article from 1999.) I pretty much missed all the trends.