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Links 1 through 10 of 147 by Ramit Sethi tagged VC

Are you considering an offer from a private company, which involves stock options? Do you think those stock options might be worth something one day? Are you confused? Then read this! I’ll give you some motivation to learn more, and a few questions to consider asking your prospective employer.

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Learning to read financial documents is one thing, but learning to use themas tools to guide the business and ultimately communicate clearly to 100+ investors has shown me just how nuanced our non-GAAP startup companies can be. In this post I’ll walk through the three phases of financial indicators in startups, and point out some common misunderstandings. I hope this will help founders and investors clarify what they mean when they talk about money, and I’ve used my company’s financials to give you real examples.

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Andreesen Archive

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This VC was seventy-five minutes late to meeting with me. He never called to say he was running late. When he got to the office, I wouldn’t meet with him. He groveled to get into meeting with me, and my team was pressuring me to just take the conversation, but I told them to politely tell him that he missed the meeting. That night, as he had flown into town to see me, he kept offering drinks or dinner to make up for it via email. He then went so far as to say his partners would be livid with him for screwing this up. I never took the meeting with him and I never rescheduled. I’d never get another meeting with him if I blew off his time like this, so why should he get another meeting with me?

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Now, your value is going to be determined by your growth rate. At any point in time, if you are growing > 100% year-over-year you will be highly valued – think at least 10x revenue, but I won’t tell you whether it’s trailing or forward, as that’ll shift around based on the public markets. And, the faster you are growing, the more discontinuous (e.g. higher multiple, but not linear) your valuation will be.

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One of the stupidest and most ignorant articles online. Guy who can't get a meeting with VCs whines about how they should hire more people, be nicer, etc. Never understands how the game is actually played.

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If the company is relatively early stage, you shouldn't join. Knowing your % ownership is the only way pre/post Series A to understand your "fit" on a relative basis to others and to what it should be. This is all that matters in the early stages. The founders/CEO/whatever lack integrity if they won't share. Having said that -- knowing this won't help actually you value your stock at any early stage, at all. However, once the company has scale ... do not expect the disclosure unless you are coming in as a VP or such. E.g., past 80-100 employees, post $100m valuation, etc. 

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Haunting and fascinating story about how the Dungeons & Dragons founder was stripped of his power in a well-orchestrated move

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Good post on how to get really honest feedback about your startup idea

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