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10 Practices To Avoid When Running Your First Startup

Startup Professionals Musings

It seems to be part of the “fail fast, fail often” mantra often heard in Silicon Valley. Underestimate the importance of due diligence. Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others.

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The Shift from FOMO to FOLD in Early Stage Investing

View from Seed

This led to a number of repercussions that most VC’s have lamented during this time, including higher prices, larger rounds, shoddy due diligence, and many companies raising large sums of venture capital that probably aren’t suited to VC funding.

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“Their baseline knowledge of Silicon Valley probably comes from HBO’s Silicon Valley.” How Alyssa Bereznak Covers Tech for The Ringer.

Hunter Walker

Their baseline knowledge of Silicon Valley probably comes from HBO’s Silicon Valley. They don’t know what “due diligence” means. HW: While you’re currently based out of NYC, you grew up in Silicon Valley and your mother works at Apple. TechCrunch is probably not in their daily news diet.

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10 Startup Practices With A Proven Record Of Failure

Startup Professionals Musings

It seems to be part of the “fail fast, fail often” mantra often heard in Silicon Valley. Underestimate the importance of due diligence. Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others.

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

I seldom hire patent attorneys during due diligence but this was too important. She connected me with Andreessen’s due diligence team who were surprisingly open with all the technical analysis they had done. Did anybody hold patents that would prevent us from using this technology? We hired OSHA regulatory lawyers.

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How Silicon Valley's Most-Connected Exec Does His Hiring

ReadWriteStart

Introduced before keynoting at Austin, Texas's Capital Factory Demo Day as "the most-connected person in Silicon Valley," Hoffman gave a really interesting talk about how he handles hiring at his company. You are making a quick decision, they can do all kinds of due diligence on you - they can make the right decision about you.

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How’s Venture Capital Changing in 2023

VC Cafe

They are more reluctant to deploy capital or, at least, not without extensive and reinforced due diligence. Some funds have been deploying capital too quickly, with little to no diligence, and at inflated prices that will not stand in the current market.