Tuesdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at unicorn valuations.
Quote of the Day
"(O)ne of the key lessons that I took away from the "dot com crash" of 2000 was that a lot of money was lost when people (or funds) made meaningful changes to their strategy at an extreme end of a cycle."
(Josh Kopelman)
Chart of the Day

Fred Wilson, “Seed and Series A is more or less healthy. Series B is getting overheated. Series C and beyond has gone crazy.”
Startup links
- Now that companies are staying private longer it is complicated employee equity compensation. (aaronkharris.com)
- Start-ups are finding the best workers are employees, not contractors. (nytimes.com)
- Three things you can do to build a team of loyalists not mercenaries. (avc.com)
- On the trade-off between profitability and growth. (avc.com)
- An explainer for the excuses VCs use when passing. (hunterwalk.com)
- Your pitch deck needs to tell a story. (avc.com)
- Only 3% of Americans are legally allowed to invest in startups. (qz.com)
- How crowdfunding levels the field for female founders. (fastcompany.com)
- Four business ideas from Peter Thiel's "Zero to One."* (awealthofcommonsense.com)
- Are venture capital returns power-law distributed? (reactionwheel.net)