The puzzled look on a first-time founder’s face after hearing an investor’s concern of a “messy cap table” happens more than some probably think. But what the heck does “messy”…
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Something is wrong. 20 initial meetings is almost never enough to fully complete a round of funding. But 20 meetings with the right investors should result in at least a…
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The value of this article will be directly proportional to the significance of a market downturn that creates general uncertainty and affects the ability for startups to fundraise. All downturns…
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I think of due diligence as an investor’s process for confirming either their intention or full-blown commitment to invest in your company. After initial conversations, presentations and email exchanges, a…
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Service companies traditionally have low gross profit margins as compared to tech companies, especially software. That’s because services require human bodies to deliver most of what the customers are paying…
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Many startup founders dream of the day they eventually sell their company for hundreds of millions of dollars, or more. They envision many zeros added to their personal bank account…
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I’ve been advising startups for more almost 20 years. During that time I have made more than 350 investments in early-stage companies as a venture fund manager and angel investor, and have been involved with raising more than $100 million in growth and venture capital. From my 28-year career as an operator in high tech companies, I have an IPO and a $200-million acquisition exit under my belt. Now, as co-founder and chairman of Austin’s Capital Factory and through my content creation practice, Shockwave Innovations, I have the pleasure of spending 100 percent of my time educating, advising, and investing in startups.
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