Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at how Midwest startups make a $1 of venture capital go farther.
Quote of the Day
"If you are not ready to be a public company, merging with a SPAC won’t make you ready."
(David Golden)
Chart of the Day

Hunter Walk, “VCs are in the business of backing companies that have a substantial chance of failing and the earlier you invest, the more likely you are to see a zero return on your capital.”
Venture capital
- No wonder startups talk about 'disrupting' when raising venture capital. (hbr.org)
- A profile of venture debt lender Hercules Capital. (bloomberg.com)
- Media can never grow as fast as VCs will want. (cjr.org)
Startups
- How people in the startup ecosystem should think about public markets and the macroeconomy (medium.com)
- Poor customer retention will kill your startup. (reforge.com)
- The best brands are consistent and have a great look and feel. (firstround.com)
- How resilient is your startup? (vcwithme.co)
- Where 'the golden rule' goes wrong. (m.signalvnoise.com)
- Great advice from Winston Churchill for investors and entrpreneurs. (avc.com)