How to pick a VC partner

“Pick the partner that you believe is going to help you be your best you and this business be its biggest and best business. Pick a partner that you’re going to be able to work through tough times with and whose advice and counsel you trust. If you can get that person on board, think about that as hiring talent, not accepting an investor.”

-Randy Komisar, Partner @ KPCB

Full post here.


Funding milestones should last two years

“I would advise entrepreneurs to reverse engineer the end state. As a rough rule of thumb, each funding milestone should last two years. One full year to put heads down on building the business and then pick up your heads to fundraise with the intent of closing six months after. That way, you’re never within six months of being out of cash.”

-Eric Feng, Partner @ KPCB

Full post here.

There are only two reasons to raise VC

You should only raise Venture Capital if you (x) have to, or (y) it’s “cheap”.

If you need VC $$$ to survive, don’t worry about it. It is what it is. I needed VC $$$ to get both my start-ups off the ground. So — why worry?

And if VC $$$ are cheap — take the money. By cheap, I don’t just mean price. I mean you can easily generate 5–10x the revenues of each dollar you take in. That the money will be super accretive.

-Jason Lemkin, Founder @ EchoSign

Full post here.

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