Remove Bridge Financing Remove Burn Rate Remove Entrepreneur Remove Management
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Startups and VCs Should Avoid “Pier” Funding

Both Sides of the Table

They trust the judgment of the VCs to source, finance, help manage and then create some sort of exit for the investments that they make. So my view is that VCs and entrepreneurs need to make tougher choices. You’ve kept a really low burn rate and paid yourself a very small salary. And it adds up.

Startup 290
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ProfessorVC: Why I Hate Convertible Debt.Let Me Count the Ways

Professor VC

This will also serve as a good pointer for all the entrepreneurs who ask why I am not interested in their company led convertible note financing round. Ive seen a number of entrepreneurs, angels and VCs fall into the trap of providing debt in small pieces. In cases where it is truly a bridge financing (i.e.