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The Changing Structure of the VC Industry

Both Sides of the Table

pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights. I highlighted how these tectonic technical shifts have altered the VC industry in this post: How Open-Source & Horizontal Computing Spawned the Micro VC Market. 2007 was the watershed year.

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Thoughts on Convertible Notes

K9 Ventures

If they don’t learn to do this, then when they raise money from institutional investors and have a formal Board of Directors put in place, they are ill-equipped to know what it means to have a board meeting, to prepare a board information packet, and most of all to manage the board (and yes, every board needs to be managed).

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How to Start a Startup

www.paulgraham.com

But this is just the kindthat tends to be open source: operating systems, programminglanguages, editors, and so on. So if youre developing technologyfor money, youre probably not going to be developing it for peoplelike you. At this stage the company is just a bet. Ididnt realize that when we were raising money.

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