Posts Tagged ‘vc post of the day’

Go: Startup Jargon Series: DISRUPTION

This is going to be fun. Rob Go (NextView) is taking on “Startup Jargon” with a new series. His first post is about Disruption, a word I never manage to type correctly the first time (I always type it as distruption.)

Many moons ago Fred Wilson wrote a great blog series on VC Cliches. It’s timeless. Let’s hope Rob lives up to Fred’s standard with the Startup Jargon series. Go Rob Go (sorry – couldn’t help myself on that one.)

Wenger: Tech Tuesdays

We’ve got Fred Wilson blogging the incredible MBA Mondays series. I (Brad Feld) have started a Finance Friday series. And now Fred’s partner Albert Wenger has started a Tech Tuesday series.

Albert is a hard core developer turned VC. He’s started five companies, has an undergrad degree in Computer Science from Harvard and has a Ph.D. in Information Technology from MIT. Yes – he codes. His first post in the new series, Tech Tuesdays: Computing’s Building Blocks (Overview), is up.

Wednesday and Thursday are still available? Anyone out there ready to take them on?

Weiss: Looking Bigger

The post of the day is from Scott Weiss (Andreesseen Horowitz) titled Looking Bigger.

Scott’s a new VC blogger – I’ve gotten to know him over the past few years on the Return Path board and he’s a dynamite thinker. He’s got amazingly useful experience (and stories) from his last company – IronPort – and this post is a good example of his insights which are backed up with real experience.

I expect to see Scott, as well as his partners Ben Horowitz, Marc Andreessen, John O’Farrell, and Jeff Jordan at A16Z who are all blogging, show up in the VC Post of the Day on a regular basis.

Brisbourne: The Math Behind Anti-Dilution (With Examples)

Well – I fell off that particular horse. That would be the “I’ll blog daily about the best VC blog post of the past 24 hours.” I could make some snarky comment about how there weren’t any for the last few weeks, but that wouldn’t be true. I just fell of the horse. But yesterday, when I was at an SVB event talking to a bunch of SVB people, a long time friend said “thanks so much for writing the VC Post of the Day – it saves me a ton of time looking through all the VC blog posts.” So I got back on the horse.

Today’s post of the day is from Nic Brisbourne (DFJ Esprit) and it titled What is anti-dilution/downround protection? Nic covers narrow-based, broad-based, and full ratchet anti-dilution with real examples using real math.

Note to self: that was easy – five minutes, done.

Suster: The Problem with Collecting Logos at Startups

Mark Suster (GRP) nails it with his post The Problem with Collecting Logos at Startups. He explains the problem with the following subtopics:

  1. Leaderless rounds
  2. Not enough skin in the game
  3. Nobody’s head on the chopping block
  4. Fights over follow ons
  5. Information leaks

He also answers the question “is there any good case for taking a large number of VCs into your deal?” and lists the “top 5 excuses for taking many investors in a round.”

Mark’s punch line is priceless:

“You don’t need logos. Logos are for insecure people. Just like they were in high school when the cool kids had to wear the right logos on their shirts, shorts and handbags. Show strength & conviction. Make the tough decisions and choose the investors with whom you feel the closest fit. Make sure they own enough to be motivated to work with you in good times & bad.” 

Bingo. Go read the post.

MacLeod: A Series On SaaS Math

Mark MacLeod (Real Ventures) is about to start a blog series on SaaS Math. The topics he’s going to write about follow:

  • Why investors, customers and vendors love SaaS
  • SaaS Metrics 101: Acquisition, Activation, Retention, Referrals, Revenues
  • What and how to measure
  • Per User Economics broken down
  • Measuring tools: custom vs. off the shelf
  • How to bill your customers
  • Pricing your service
  • Freemium in depth
  • Case studies
  • SaaS Valuations
  • Putting it all together: SaaS Best Practices

Based on the importance of SaaS in the software ecosystem along with the ability to deeply track all metrics on a real time basis, this looks like a series worth reading.

Roberts: You Can Never Size a Market in Excel

Bryce Roberts (OATV) totally nails it in his post titled You Can Never Size a Market in Excel. The punch line is:

“In every single case that I’ve seen this question (“how big can it get”) persist over more than 2 meetings, it has NEVER been resolved. NEVER.”

There’s plenty of great stuff in the post – go read it.

Remember – Ask the VC reads all of the VC bloggers for you so you only have to read the best posts!

Suster: Avoid Monoculture

Mark Suster (GRP) gets the VC post of the day with his post Avoid Monoculture. Travel. Read Widely. Let Experience be Your CompassIt’s a really great post to read just before the weekend to remind you to make sure you are living your life and constantly exploring new things, rather than just being heads down on whatever you are working on. I’ve spent much of the summer in Europe (in Paris and Tuscany) “just living” – which includes plenty of work, but a completely change of context for how I live my every day life. I’ll write a lot more about this on Feld Thoughts after I get back to Boulder, but in the mean time much of what Mark said rang true to me as I read it, especially:

“Challenge conventional wisdom. Fight monoculture. Question authority. Take lots of inputs but then let your internal compass set your course. If “all the cool kids are doing it” make sure you have strong internal logic for why you’re going to follow them. Often it’s not the best course.”

Bryce Roberts (OATV) gets runner up with his post There Is No i In Apple. It’s a great reminder of the difference between “i” and “we”. The paragraph that nails this is:

“Reading through the many compilation of Jobs’ quotes last night a similar theme emerges. When speaking of personal foibles or lessons learned he uses I and Me. But, when he speaks of the company he founded, was fired from and helped resuscitated to life he speaks in We and Us.”

If you are in the northeast US this weekend, be safe!

Sheehan: Putting Together Your Perfect Seed Round

Today’s VC Post of the day is from Chris Sheehan (Common Angels) titled “Putting Together Your Perfect Seed Round.” Chris and his colleagues are active seed investors in New England (primarily Boston and New York) and have great perspective on the dynamics of the composition of a seed round. Chris has also been very supportive of TechStars (thanks Chris) and he’s very familiar with the financings that have happened for many of the teams. He’s got great advice for any entrepreneur raising a seed round.

Suster: What Startups Can Learn About PR and Crisis Management

Mark Suster (GRP) has today’s VC post of the day titled What Startups Can Learn About PR and Crisis Management. As with many of Mark’s posts, it’s an excellent piece of long form writing that thoroughly dissects the issue of crisis management and makes a number of very significant recommendations which are summarized below.

  1. If You Don’t Shape Your Story, Somebody Else Will
  2. Understand the Gravity of the Situation for Your Customers
  3. Don’t Bury Bad News
  4. Never Blame the Press
  5. Know Your Key Messages
  6. Don’t Take the Bait
  7. Develop Trusted Advisors
  8. Get to Know the Press Now
  9. Get Media Training
  10. Have a PR Strategy

Go read the entire post. It is excellent. And read it now, before you have a crisis (which you, and everyone else on the planet, inevitably will.)