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Josh Kopelman has today’s Great VC Post up titled The Penny Gap. “The truth is, scaling from $5 to $50 million is not the toughest part of a new venture – it’s getting your users to pay you anything at all. The biggest gap in any venture is that between a service that is free […]
Josh Kopelman has today’s Great VC Post up titled The Penny Gap.
“The truth is, scaling from $5 to $50 million is not the toughest part of a new venture – it’s getting your users to pay you anything at all. The biggest gap in any venture is that between a service that is free and one that costs a penny. I can’t think of a single premium service that has achieved truly viral distribution. Can you?”
He’s also drawn a few pretty (and relevant) graphs.
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 post of the day is from Fred Wilson titled The IPO Debate. There were no VC-backed IPOs in Q208 – the first time this has happened since 1978. The National Venture Capital Association (NVCA) is doing a big media push to get the word out about this and what it thinks is the […]
Today’s great VC post is by Greg Gottesman (a managing director at Madrona Venture Group) and is titled Thirteen key characteristics of a great startup culture. It shows up in John Cook’s column in TechFlash – the article is solid and the comments (all 66 of them at this point) are priceless. I’m baffled by […]
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