Sat.Mar 20, 2010 - Fri.Mar 26, 2010

The Revenge of the Fat Guy

Marc Andreessen

[This post is by Ben Horowitz.]. Fred Wilson wrote a counter post to my The Case for the Fat. Startup that you can find here. Before countering his counter, I’d like to say. that Fred is one of my favorite VCs and has a marvelous track record of. success. Further, I’d like to thank Fred for posting his article, as it enables me to. clarify a couple of subtle but important points.     I actually agree with Fred in the base case and never said.

Lean 32

6 Tips for Building Relationships with Journalists

Both Sides of the Table

File this under both Startup Adivce and Sales & Marketing Advice.

Trending Sources

Fog Creek Compensation

File a CV and let the great jobs come to you! Wanted: High Frequency Performance Operations Specialist at Two Sigma Investments (New York, New York United States). See this and other great job listings on the jobs page.

Use of Funds

Instigator Blog

Almost every investor pitch , whether to angel investors or venture capitalists involves one slide near the end about how much money a startup is looking to raise, milestones it hopes to achieve and generally, the “use of funds.&#. The intent behind describing the use of funds is to explain to the potential investors how you plan on spending their money. Pretty straightforward, right?

Stickiness is bad for business

Chris Dixon

It is common to hear entrepreneurs and investors talk about the high level of engagement (what we used to call “stickiness&# ) of their website. They quite rightly believe that it’s better to have a more engaging user experience, as that generally means happy users. Unfortunately, the dominant advertising model on the web – Cost per Click (CPC) – rewards un-sticky websites.

More Trending

The Problem with Talking to VCs

Genuine VC

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. That situation sounds very positive in theory, but the problem is that this founder wasn’t ready for this interest and is trying to play catch up in other capital raising discussions (with both angels and VCs).

Help Angel Investment in Georgia

Force of Good: a blog by Lance Weatherby

Now that the landmark national health care legislation is heading to the desk of President Obama let's turn our attention to a less controversial topic to the readers of FoG. Encouraging angels investors to invest in early stage, innovative, wealth-creating businesses. Georgia House Bill 1001 is the Angel Investor Tax Credit Bill.

The truth about the Startup Visa

K9 Ventures

Pascal-Emmanuel Gobry (@ pegobry ) recently authored an article that ran on Business Insider. The article was sensationally titled ‘ The Startup Visa Act Must Be Stopped ‘ and in it Pascal describes his reservations about the Startup Visa proposal.

10 Fundamental Web Analytics Truths: Embrace 'Em & Win Big

Occam's Razor

There are more mistruths and F U D about Web analytics out there than I think is reasonable. Part of it fueled by Vendors. What a competitive bunch! Part of it fueled by some Consultants. I suppose the rational is: self preservation before all else.

Can Your Blog Explain Its Purpose In One Second? by Yaro Starak

This is potentially one of the most important questions you need to ask yourself as a blogger, and yet is where I see pretty much every blogger go wrong. I’ve even had trouble with this myself over the years each time I redesign my blog.

The Best SLA I’ve Seen In A While

Feld Thoughts

My first company, Feld Technologies, didn’t have contracts. Instead, we had a one page PSA (professional services agreement) that spelled out in English that we charged $X per hour, would do our best, and our invoices were due upon receipt. We never had a single legal issue with a client, although we had a number of tense moments which we almost always solved successful by “doing our best.”

EC2 3

The new era of venture capital

Seth Levine's VC Adventure

You already know the about the state of the venture capital industry in 2009: venture investing down (32%), exits down (14%; slowest exit year for VC backed companies since 1995), fundraising down (56%), IPO’s almost non-existent (8 venture backed IPOs in 2009). It’s a bleak picture for the industry overall, even if there’s a group of us that continue to believe this is a great market in which to be investing (and it clearly is).


Should Your Startup Give Performance-Based Warrants?

Both Sides of the Table

This is part of my ongoing series on Startup Advice. Large companies can be strange sometimes.

How To Pick A Company Name: Tips From The Trenches


The following is a guest post by Healy Jones. Healy is head of marketing at OfficeDrop, a document management and scanning service and a former venture capitalist. Pixily just changed its name to. OfficeDrop – this is the story of how we went about making the change.


3 Reasons Why You Need a Cash Flow Statement


So you're planning a new business and wondering, why a Cash Flow Statement? If you want to know why you need to spend time detailing a cash flow plan, (even if you don't intend to ask for money) you want to read further.

Burnham's Beat: Google Getting Gunshy on Traffic Referral Deals?

Burnham's Beat

RSS/ATOM Feed Add This Feed To Bloglines Add to My Yahoo! Add to Netvibes. Subscribe Via Email.  The Algorithm Myth And Why Google Will Be Hated | Main | Carried Interest Deal Cut, Let the Workarounds Begin


Speed up or slow down? (for Harvard Business Review)

Startup Lessons Learned

Over at Harvard Business Review, I've been building up a series designed to introduce the Lean Startup methodology to a business-focused audience. This is the first post that moves into making specific process recommendations for

Email Marketing The Right Way

Blogtrepreneur | Entrepreneur Blog

This might be our last post for a while, as I’ve just won the U.K. lottery. And if that wasn’t enough, a relative I didn’t even know I had (from Zimbabwe of all places) died and left me US$52 million! Okay, not really. But if you believe the emails you get, practically on a daily

TechStars Seattle Applications Are Now Open

Feld Thoughts

Last night we had the TechStars Boulder selection meeting where we chose the TechStars Boulder finalists. We’ll be notifying folks shortly. In the mean time, we’ve opened applications for TechStars Seattle. Andy Sack, who runs the TechStars Seattle program, has several great blog posts up including How TechStars came to Seattle? and Help me spread the word on TechStars Seattle applications. The schedule for TechStars Seattle has also been posted. I’m really excited about the Seattle program.

Teaching Entrepreneurship Hands-on: Part 2

Steve Blank

Here are some more presentations from our class. And one more. Filed under: Uncategorized


An Introduction to Pitching Investors

Instigator Blog

Kudos to the students at McGill University for putting on some great events. I’m a big fan and advocate of anything that bridges the gap between students and startups. I was invited to speak along with Daniel Drouet at an event entitled, “The Perfect Pitch&#. I’m not sure such a thing exists, but I was happy to help out and present my experience and advice on pitching investors.

Blog Award-Tag You're It!


Thanks to my twitter friend, @JamaraWilson , for giving me a blog award this week. A special Start-up BizTalk Kudos goes to Jamara. I recently became her twitter friend and immediately subscribed to her blog, His Majesty's Favorite , through Google Reader. I plan on getting acquainted with her blog this week because I like her writing style and the interesting mix of subject matter.

Boulder Startup Week – May 4 – 8, 2010

Feld Thoughts

Andrew Hyde has decided to organize another Boulder Startup Week on May 4 – 8, 2010. Tons of folks are already committed to host events including Trada , Pivotal Labs , Everlater , QuickLeft , TechStars , Napkin Labs , and SurveyGizmo. The Boulder New Tech Meetup and Ignite Boulder is also happening that week. It’s free – register now and mark it on Plancast. Related posts: Busy Week In Boulder. TechStars: Funding Your Startup. Why to Apply for TechStars Boston 2010 Today.

How to Optimize Startup Financial Projections

Startup Professionals Musings

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. They need to realize that investors ask for projections, not merely as predictions, but more as commitments from the founder and his team.

Yochai Benkler on The Broadband Plan

A VC : Venture Capital and Technology

Yochai Benkler is one of a handful of people who our firm regards as inspirators. We've read everything he's written and find ourselves quoting him regularly in meetings. This is a picture of Yochai making a point at our first Union Square Sessions event on peer production.

Debate: Twitter is not a social network

Jeff Hilimire

I think people have it all wrong about Twitter. I really don’t think Twitter is any more a social network than email is or text messaging is. The only difference between Twitter and those tools is that its wide open. I think a social “network&# is something you enter into mutually with other people. It’s a community. Twitter is a 1-to-many relationship. You can’t join my Twitter network. You can follow me, in which case you can receive my updates.

MIT Entrepreneurship Review Launch Party

Feld Thoughts

A few days ago I wrote about the launch of the MIT Entrepreneurship Review. I neglected however to mention their actual launch party, which is happening on April 7th from 7pm – 10pm at the MIT Media Lab. The MITER (er- MIT Entrepreneurship Review) party will gather together a bunch of folks in the MIT and Boston entrepreneurial ecosystems. It looks like it should be a fun event – email Jen Novak if you want an invitation. Related posts: MIT Entrepreneurship Review.

Find the Business Model for Your Aspiration

Startup Professionals Musings

You are an aspiring entrepreneur, eager to dump the corporate grind, and work to the beat of your own drummer, but you can’t come up with that killer idea to save the world. What are the alternatives that will give you the independence you crave, and challenge your business acumen?

Startups Get Hit By Shrapnel In The Banking Bill

A VC : Venture Capital and Technology

There is a big banking reform bill working its way through the Senate right now. It is sponsored by Chris Dodd, Chairman of the Senate Banking Committee. It has a long name I can't remember, so I'll call it the Dodd Banking Bill. What does a bill attempting to regulate the banking industry have to do with startups? Well unfortunately, it contains two provisions that are quite problematic and hurtful to entrepreneurs and startups.

The Problem with Talking to VCs

Genuine VC

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. That situation sounds very positive in theory, but the problem is that this founder wasn’t ready for this interest and is trying to play catch up in other capital raising discussions (with both angels and VCs).

Monday Morning Startup Visa Articles

Feld Thoughts

While everyone is talking about health care, let’s not forget our friend the Startup Visa. Two good articles appeared this morning. The New Startup Arms Race : Eric Ries, who is part of the Startup Visa Initiative core team (and the creator of the Lean Startup Methodology) has a great essay up on The Huffington Post. Silicon Valley is losing foreign-born talent : Jon Swartz, the USA Today Silicon Valley tech writer has several good examples that supports his headline.

Your Startup May be Viable but not Fundable

Startup Professionals Musings

New entrepreneurs often seem to confuse viability with fundability. Certainly a non-viable business should be not fundable, but many viable businesses are also not fundable.

Bidding Andrew Goodbye

A VC : Venture Capital and Technology

I'm on vacation this week and trying to keep work to a minimum. And I've got a post up on the USV blog today bidding goodbye to our colleague Andrew Parker. So I simply going to link to that post. It's an interesting post because in addition to talking about how great it has been to work with Andrew, I explain a bit about how we think about staffing our firm. If you have any comments, please leave them on the USV post.

From Designing for Women to Reducing the Noise through Modular Innovation

The Product Guy

Every week I read thousands of blog posts. Here, for your weekend enjoyment, are some highlights from my recent reading, for you. Have a great weekend! On Starting Up… [link] Check out (and join in) the debate over the proposed Startup Visa.