You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. MORE >>

With all the talk of massive amounts of cash sloshing around the web/mobile startup ecosystem (including things I've said recently), you would think that nobody bootstraps anymore. But that is not true at all. Last week my partner Albert blogged about our most recent investment in Behance. Behance was bootstrapped for its first five years. MORE >>

Over the past year, I’ve been systematically trying to change the way the board meetings work for the companies that I’m on the boards of. I’ve done a bunch of experiments and continue to learn what works and what doesn’t work. Early in the life of a company, this often seems manageable. But it should be up to him. MORE >>

Startups usually succeed because of a single major product or business innovation. Google is unusual in that they succeeded because of two major innovations: their core search product, and their keyword advertising business model. Then Overture invented keyword advertising and Google adopted the same model. The jury is still out on that model. MORE >>

VC investors take different approaches to finding new investments. tend to think of it as a continuum with purely thematic investing at one end and a purely opportunistic approach at the other. Thematic investing is where VCs MORE >>