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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. How will your costs scale as your revenue scales. Or lower revenue assumptions. Cisco and others went out to fill out their Web 2.0

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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. And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years. You can’t throw in the towel.

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. And then later, when the fund needs money, the fund does a capital call. Typically, capital calls are done over the course of 3 years. You can’t throw in the towel.

Salary 48