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 Seed round became institutionalized.
Quote of the Day
"Not all money is the same. The people that come with it and who are behind it matter. That has always been the case and remains the case and we are reminded of it from time to time. Like right now."
(Fred Wilson)
Chart of the Day

Uber aims to be the Amazon of transportation, including food delivery. (also WSJ)
Team
- Seed investing is all about people. (pointsandfigures.com)
- Why logic isn't enough when it comes to investing in a team. (medium.com)
Founders
- A big challenge for founders is acquiring those first few customers that align with your vision. (a16z.com)
- Having a good, productive board meeting involves preparation and planning. (sethlevine.com)
- Stealth mode is usually a crock. (medium.com)
Startups
- Micah Rosenbloom, "Hard lesson of investing is that everyone starts as a nobody until they’re somebody. But we’re in the business of finding nobodys before they’re somebody." (twitter.com)
- If Saudi money has to leave the Valley, what will that do to valuations? (epsilontheory.com)
- Companies have a wide variety of policies when it comes to employee stock sales prior to an IPO. (papers.ssrn.com)
- Brad Feld recommends a number of startup-related books including John Doerr's "Measure What Matters: OKRs: The Simple Idea that Drives 10x Growth." (feld.com)
- The top 250 fintech startups. (cbinsights.com)