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Are Business Plans Still Necessary?

Both Sides of the Table

Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). Unfortunately this was reinforced by the many conferences that rushed to espouse the benefits of Web 2.0 and the subsequent acquisition sprees of companies like Google, Yahoo!, portfolios.

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Founder Interview: Bill Walsh on Eliminating Small Business Failure

The Startup Magazine

Get access to low cost capital. Call all of your best customers. Pay attention to our leaders. Invest in your education. Survey your customers. Ask for Referrals. Hire new creatives. Cut all outside expenses to the Minimum. Stay the course. Definitely great points. Thank you so much Bill, and good luck on continued success.

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Now Any Accredited Investor Can Invest in Texas Startups with Capital Factory and AngelList

Austin Startup

Capital Factory has partnered with AngelList Rolling Funds to better meet the needs of today’s investors.

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Group Finance Director

Transformify

Key responsibilities in this role include: Overseeing and sign-off of the financial statements and management accounts; Overseeing the developing the budgeting and forecasting process and contributing to the strategic direction of the business; Overseeing production of the fund accounts and the general administration of the funds; Overseeing the carried (..)

Finance 40
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11 Things I've learned from running a micro VC in the last year

Hippoland

And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years. So, if let’s say an investor commits to investing $300k into a fund, then on average, that fund will call 1/3 of the money each year over the course of 3 years.

Salary 48
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11 Things I've learned from running a micro VC in the last year

Hippoland

And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years. So, if let’s say an investor commits to investing $300k into a fund, then on average, that fund will call 1/3 of the money each year over the course of 3 years.

Salary 48
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Rolling Closes Versus Synchronous Closes

Haystack

For any investor raising their own funds, you may have to chase down capital calls for each investment. For any startup selling an annual license, the deal may not get signed right away. Payment may be delayed. People will say one thing, and then do another, or drag their feet. That is what happens to everyone. It is not fair.