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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). Let’s take your revenue line. Great product managers who are not great business people still often fail. How will your costs scale as your revenue scales. portfolios.

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11 Things I've learned from running a micro VC in the last year

Hippoland

I enjoy learning about new technologies and ideas – and you get to see a lot of them in this business especially in early stage investing. In many cases, fund managers invest 1-5% of the fund size. They want you as a fund manager to be incentivized to make good investments, because you are staking your own cash too.

Salary 48
article thumbnail

11 Things I've learned from running a micro VC in the last year

Hippoland

I enjoy learning about new technologies and ideas – and you get to see a lot of them in this business especially in early stage investing. In many cases, fund managers invest 1-5% of the fund size. They want you as a fund manager to be incentivized to make good investments, because you are staking your own cash too.

Salary 48