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Why We Prefer Founding CEOs

Ben's Blog

In this post, I describe why we prefer to fund companies whose founder will run the company as its CEO. As we looked at the history of great technology companies, we discovered that founders ran an overwhelming majority of them for a very long time, including: Acer—Stan Shih. Siebel—Tom Siebel. Sony—Akio Morita. Sun—Scott McNeely.

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The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. If you can fix a problem for someone and do it better, quicker, and/or cheaper than your competitor, you’re off to a good start.” – Gabriel Kuperman, founder and CEO of CuePin.

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The Silliness Of Recapping Seed Rounds

Feld Thoughts

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. The new money comes in at a pre-money valuation of $100, but includes a complete refresh of founder equity to 40% of the company.

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Your Wall Is Dingy

Feld Thoughts

Between 1996 and 2002 I was co-chairman of Interliant, a company I co-founded with three other people. I was visiting the company post acquisition and wandering down the main hallway with the founder of the company we had just acquired. Founder: “You told me the wall needed to be painted.”

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Starting up is hard

K9 Ventures

I still kick myself for not moving here in 1996, when I started my first company. Things like choosing a law firm, finding an accountant, hiring people, finding an office, figuring out equity structures, raising money. A decision to pick your co-founders. But, finding a co-founder can be just as hard.

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How to Fine-tune Your Small Business Finances—from Funding to Growth [Webinar Recap]

Up and Running

I have been involved in startups since I graduated from college in 1996. My founders and I started the company about three years ago. I’m the CEO of Executive Speaking Success and I’m a long-time entrepreneur. I really think of entrepreneurship as the chance to solve a problem. Bates: It sure is.

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Turing Distinguished Leader Series: With Partner David Zhang, TVC

ReadWriteStart

I’m a partner at TCV, which we founded in 1996. So, think of the typical two founders with a pitch book in a garage. And this is one of the pillars we talk about internally, but also to our founders. You know, a lot of times, what we hear is: “Hey, what does the company do is $5 billion of equity value is $10 billion.”

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