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15 Steps to Fundraising for Your New Venture Capital or Private Equity Fund

David Teten

The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. In particular, highlight the metrics by which you measured your past activities: size of exit, number of people you managed, $ budget you were responsible for, etc. Lastly, gather feedback.

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The Entrepreneur’s Essentials #15: The fallacy of risk in entrepreneurship

Austin Startup

I’m a very risk adverse entrepreneur as a result of bootstrapping my first three businesses, almost failing on the fourth (Coremetrics) due to market timing (I was too early and didn’t predict the dot-com bust) and its overcapitalization, and being a mostly customer funded and very capital efficient on the fifth (Bazaarvoice).

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Embrace technical debt

Startup Lessons Learned

But there is more to technical debt than just the interest payments that come due. In particular, try these three things: Invest in technical debts that may never come due. Yet there is one silver lining when it does happen: we wind up throwing out working code , debt-riddled and elegantly designed alike.

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Startup Tools

steveblank.com

signup, upgrade, trial pricing Zuora – online subscription management FeeFighters – find the cheapest credit card processors HealPay – Collections made easy Customer Support Tender – support, knowledgebase tool for your site GetSatisfaction - conversations between companies / customers.

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Advice for VCs from a serial founder

Austin Startup

Don’t do reference checks … until you are actually ready to write a check. This one comes from personal experience, months into conversations and after reference checks (which went well) one particular VC decided he didn’t have commitment to the space. Wow us with your consistency and follow through and you’ll win our hearts.

Founder 75
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The Entrepreneur’s Essentials #18: The strength of natural network effects

Austin Startup

link] I believe that SaaS startups we’ve invested in (either as advisors or investors, or both), such as AlertMedia, Clarify, Edgecase, eRelevance, Fashion Metric, NewComLink, OneSpot, Onor, OrderGroove, Pivot Freight, RealMassive, and ShelfBucks, have natural network effects, some inherently stronger in their industries than others.

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The Entrepreneur’s Essentials #4: Seven lessons learned on the journey from founder to CEO

Austin Startup

Sometimes these vacations would give me the clarity of mind to let go of an executive that I had been holding on to for too long (perhaps due to loyalty even though they had scaled out). Recruiting your Board should especially be a focus. It is much harder to fire a Board member if you have made a mistake. presentation.

Founder 51