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6 Tips for Coming Up With Your Million-Dollar Business Idea

Up and Running

With my adolescent dreams up in flames, I decided to get back at my unsupportive mom and dad the only way I knew how: I became an entrepreneur. David sold his recording equipment for $50,000 and they borrowed the rest of their seed money from a bank. And that choice became a different kind of fantasy entirely. David’s advice.

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A Year in Review: 2016

Version One Ventures

At the same time, seed money is still abundant due to the proliferation of micro VC over the past few years. Every 10-15 years, a major cycle reshapes the computing landscape: PC (1981), Internet (1994), Mobile (2007). If you’re enthusiastic about these themes as an entrepreneur, investor, or operator, please reach out!

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. But in this cycle, I hadn’t seen it in a seed round.