article thumbnail

Are Business Plans Still Necessary?

Both Sides of the Table

Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). That died with waterfall software development. Do you really want to spent $100k building a product to discover through Customer Development that the market is too small?

article thumbnail

Why Co-Founders Are a Startup's Biggest Liability | The Startup Lawyer

thestartuplawyer.com

Your Business Partner Closer,&# was a reformatted version of a blog post titled “Keep Your Startup Co-Founder Closer&# which appeared in Ryan Roberts PC’s blog for startups and entrepreneurs, The Startup [.] I think you'll have trouble developing your idea without bringing on people, probably as co-founders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ProfessorVC: The Most Important Venture Capital Statistic

Professor VC

million from Lighthouse Capital Partners , which ultimately became critical to our balance sheet and they turned out to be a great partner as we worked through the equity financing process. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. We drew $1.5

article thumbnail

Death By VC

Venture Chronicles

Throughout my years in the venture capital business I was witness to some questionable behaviors and tactics, which in reality is par for the course in any business, but nothing could have prepared me for what I have seen in the last 2 years. The second scenario is the pulled term sheet.