Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at what founders can learn from each other.
Quote of the Day
"But I continue to think that convertible and SAFE notes are not in the best interests of the founder(s)."
(Fred Wilson)
Equity crowdfunding
- The YayYo mini-IPO is a hot mess. (businessinsider.com)
- WeFunder leads the equity crowdfunding race one year in. (venturebeat.com)
Membership
VC
- Why many VC valuations are way too high. (papers.ssrn.com)
- "[Naval] Ravikant sees AngelList serving as the minor leagues for a new generation of venture capitalists from the startup world." (qz.com)
- Big companies that make minority investments in startups are going to have to account for their investments on a more frequent basis. (nytimes.com)
- Tomasz Tunguz, "At this point [Series B], the business is too far evolved to simply sell the dream, but not far enough along to raise on the metrics." (tomtunguz.com)
- Make sure your lawyer understands venture capital. (pointsandfigures.com)
- 5 things learned in one year as a VC. (associate.vc)
