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How I Got the Monkey Off My Back – Today Was a Good Day

Both Sides of the Table

As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. It turns out it actually takes time to build a high-growth business with differentiated intellectual property and roll out large, enterprise-class marketing solutions. 5 years ago. 5 years ago. The monkey on my back.

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Your board should protect you!

Berkonomics

They write in their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Shareholders such as investors are granted few rights by law.

Class 282
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What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

So I thought I’d write about out with what I would look for in a VC knowing what I know now and why. VCs should be more of a coach than proscriptively telling you what to do. I think of VCs as coaches. Neither class of people should give up easily. Most VCs are book smart. I call them “ VCs Seagulls.”

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Are you at risk for tech killing your job?

Berkonomics

And the prime motivators of this massive destruction are the same class of entrepreneurs and innovators that have done it before. And Ai is now writing computer code in many languages. Thought so. We are in a decade of creative destruction that will affect most everybody. Last year, Amazon employed 1,541,000 workers.

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What Should We Make of Peter Thiel’s “20 Under 20? Education Program?

Both Sides of the Table

Here is their inaugural class. I was prepared way more for business success in my political science classes than in my economics ones (I was a double major). In Poly Sci I learned critical thinking and writing. You’re more entrepreneurial than 99% of people in any b-school class. So is this a good idea?

Education 322
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Equity financing: great for rapid growth startups

Berkonomics

There are three classes of equity investors for early stage businesses that we have not yet considered. This class of investor typically writes checks from $50,000 to $250,000. We’ve spoken of financing a young company through friends and family, known as “inside angels.”

Equity 232
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Board members must protect the coporation before themselves.

Berkonomics

They write into their investment documents that they will occupy a seat on the board for as long as they are invested in the company, thinking of this as a protection for their investment and tool for them to influence growth. All other board functions are secondary. Shareholders such as the investors are granted few rights by law.

Class 179