Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at the stark difference between being a VC and a startup CEO.
Quote of the Day
"People tend to follow their networks. While the network in Silicon Valley is obviously something that is great, it can also have an exclusionary effect that prevents investors from looking at and finding opportunities that exist outside of their networks and outside of their geographies."
(J.D. Vance)
VC
- The Rise of the Rest Fund is pouring fuel on a smoldering fire. (ianhathaway.org)
- A talk with Joanne Wilson, aka Gotham Gal. (investorfieldguide.com)
- A profile of Alan Patricof of Greycroft Partners. (fortune.com)
- When VC activity surges, M&A soon follows. (papers.ssrn.com)
- You can't bullshit a good VC. (hunterwalk.com)
Founders
- How much should founders pay themselves. (blog.cardash.com)
- You have one job as a founder: fire yourself. (hackernoon.com)
Stock options
- Stock options are not well suited to the unicorn era. (bloomberg.com)
- What Is a 409A Valuation? (medium.com)
Fundraising
- You have to have some extra juice to raise capital these days. (hunterwalk.com)
- Tomasz Tunguz, "Why are postmoney conversations simpler?" (tomtunguz.com)
- How AngelList syndicates have evolved over time. (medium.com)
Startups
- Arjun Sethi, "A moat today is simply a temporary buffer that helps a company get ahead of the next innovation cycle." (medium.com)
- Growth curves can have all sorts of discontinuities. (sethlevine.com)
- How big a portfolio do you need a the seed stage? (medium.com)
- Network effects are the biggest value driver. (medium.com)
- Don't work for a startup unless you believe in the CEO. (m.signalvnoise.com)
- Seedrs wants to take crowdfunding across Europe. (ft.com)
