Remove people
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Praying to the God of Valuation

Both Sides of the Table

People were building. People proclaimed that there was a “new economy” and “the old rules didn’t apply” and if you questioned it you “just didn’t get it.” Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth.

Valuation 466
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6 Keys To Reducing Team Pain From Market Uncertainty

Startup Professionals Musings

You will be the role model, and people will follow your lead. Anxiety will be ratcheted up when team members see constantly changing or non-specific targets, or no guidance on how to achieve their goals. Keep people focused on what can be controlled. Ensure everyone knows what’s expected of them.

Ratchet 371
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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

” I applaud all efforts by people to take on this issue and especially be Adeo who – let’s be honest – was really the first champion of trying to make the VC world more transparent by launching TheFunded, which didn’t exactly endear him to VCs initially. I’ll pay the price but I want a full ratchet.”

Ratchet 354
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What To Do When Your Trusted Employees Defect To The Competition

YoungUpstarts

But even worse than the cost of recruiting someone new to fill the vacancy when a key employee leaves, there’s one big, looming worry that’s sure to ratchet your anxiety up to critical levels: “She knows everything!” The best way to mitigate the digital risk is good old-fashioned people management.

Employee 100
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Mentors 5/18: Listen Too

Feld Thoughts

I don’t go so far as to “think out loud” like some people I work with, but I regularly find myself talking too much and have to consciously ratchet it back to listen. I’m not afraid to be wrong so often I’ll toss out and idea and talk through it.

Ratchet 147
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Bad Notes on Venture Capital

Both Sides of the Table

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

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[Singapore] Shopify Partners SingTel To Grow Presence In Singapore

YoungUpstarts

The e-commerce space in Singapore has been ratcheted up by another notch as online shopping platform Shopify partners telecommunications provider SingTel to make available its services to businesses in the country. Gradually, people started asking if they could use our software to help them build online stores – and Shopify was born.

Singapore 164