“Life can only be understood backwards; but it must be lived forwards.” ― Søren Kierkegaard A few blogs back I wrote about valuations, how they are determined and how crazy they have been. In that piece, called Unraveling the Magical Mystery of Valuation Math, I talked about how valuations of private companies are derived and, […]
Unraveling the Magical Mystery of Valuation Math – How Do VCs Price Private Companies?
In the venture capital class I teach at Haas, the one topic that never fails to confuse is valuation, or how a private company is valued in an investment transaction. I’m not sure if it’s because math is hard, because valuation is based largely on not exactly math, or because it’s hard to keep track […]
Three Essential Questions That Entrepreneurs Must Ask Investors
Two weeks ago my blog post was directed to investors (and by implication, to entrepreneurs) and encouraged them to ask three essential questions before making an investment in a healthcare company, particularly a digital health company. Note that I don’t think my post was entirely applicable to biotech investments since most of them are intended […]
On New Year’s Day – Cash Flow is Blood Red, Sigh!
A VC’s Tale in Five Shoes
Walking in a Venture Fundingland
The Power of Personality
Lessons from the Dark Side (of Venture Capital)
Next Friday I get to give the keynote/commencement speech for a group of European entrepreneurs who have come to America for Startup School. They are attending a program called Mind the Bridge, under the leadership of an old friend and colleague of mine, Charles Versaggi. Charles and I both worked for Regis McKenna Inc. once […]
Hey Lady Entrepreneur: Why Aren’t You Home Raising Your Kids?
Last week I sent out a post on Twitter reporting the miserable experience of a friend of mine, a female entrepreneur, who had been out fundraising. She was meeting with a central-casting type venture capitalist, approximate age 35, who told her that she had “built a nice little business” so why didn’t she just sell […]
I’d Trade This Life for Fortune and Fame…
I wanna find something I’ve wanted all along Somewhere I belong. – from Somewhere I Belong by Linkin Park Linkin Park, in case you don’t know them, is one of the most popular and successful rock/rap/metal bands of all time. They have won all kinds of Billboard and Grammy and American Music awards among others. […]
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