David Teten
JANUARY 19, 2021
When the company hits potholes, Flexible VC investors usually don’t have the nuclear options of firing management and/or doing a recapitalization. Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company. Their only option is to work with management to try to fix the problems.
www.paulgraham.com
APRIL 28, 2010
All the search engines are trying toget people to start calling them "portals" instead. The reason you dont want to give them up is the following scenario.The VCs recapitalize the company, meaning they give it additionalfunding at a pre-money valuation of zero. And doessearch even matter anyway? Then its up to themto tell VCs early on.
Both Sides of the Table
AUGUST 9, 2011
On the positive side, corporate profits are up, their balance sheets have been repaired and they have recapitalized themselves to have lower amounts of debt relative to equity. We have the inability to hire engineering in Silicon Valley or brand sales people in NYC but the country still has very high structural long-term unemployment.
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