I think Bill makes some good points and clearly his interactive panel sounds like it was interesting, if nothing else.
Today’s great post is from Fred Wilson titled The Fiction of 20%. If you’ve ever negotiated with a VC, you’ve likely heard something like “I need at least 20% of the company to make the deal work.” Fred has a great rant on why this is – is in his words – rubbish.
Today’s great VC post is from our partner Seth Levine who wrote a post on his blog titled Hiring As A Core Competency. It’s worth a careful read for when you are ready to start hiring again.
Today’s best post of the day is from Josh Kopelman of First Round Capital. Most of Josh’s posts are winners and Nothing to Lose (or Risk Tolerance is a Competitive Weapon) provides some great insights into the impact of risk tolerance during the 2000 downturn and how PayPal used it as a competitive weapon against eBay.
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