No shop agreement, just what the words mean. You are not going to go shopping again for the same thing once you have decided or agreed to buy the product (VC funding), its a good faith thing that you and your investor strike a balance on.
Just like when you strike a deal with a realtor [...]
These are words used in the world of VC’s. Term sheet in short or in plain english is nothing but a non formal agreement. This works towards building a partnership and working towards a mutually defined goal.
What it does is put in place a working relationship binding in nature and it continues to be a [...]
Here’s my take on this. Learning is WIKUD, it is the culmination of wisdom, information, knowledge, understanding and data.
It depends on how this combination gets mashed and absorbed.
Continue reading about Always a question, what is learning or what defines learning?
This is a catch 22 situation I have been in recently. What is the difference between the two, the sound different, well they are. The confusing part is with so many GPL, GNU’s around no open source or community edition software is without some small print.
Open source is supposed to be open – that [...]
Continue reading about Open Source or Community edition software.
VCs are aggresively pushing company values down in the second quarter of this year. This was true almost 45% of he time investments were made compared to values of the company’s previous road.
That valuation is used to determine how many shares VCs get from the company in return for their money. The lower the value, [...]
Continue reading about Blood sport of Silicon Valley…. The Down Rounds
I was reading a magazine and these words really stood out.
The equation is simple: amount of cash divided by cash burned per month. The leading cause of startup failure is death, and death happens when you run out of money. Does it sound right? If not keep doing what you are doing.
This has been some crazy time. The economy shows no signs of love, the stimulus money seems to be stuck in red tape (there is money allocated but nobody is seeing it). During this punch what do you do? Well me for one thing, hang on tight. Today we see the market tumbling, with world [...]
Phajja is the proprietor of a Siri-Paya and Nehari Shop in Lahore . Sales are low and, in order to increase them, he comes up with a plan to allow his customers to eat now and pay later. He keeps track of the meals consumed on a ledger.
Word gets around and as a result increasing [...]
Continue reading about An economic crisis, explained in human language…great piece
Always start with one investor, make an impression. Try out all that you have up your sleeve in your pitch. Any defects you have on this pitch will immediately be seen and reflected by the investor. From here on, improve your pitch defects and start your presentations to other investors.
Continue reading about Pitch, lesson number 2, for a startup
You invest all your hard earned savings money, all you home’s equity and you put it into your startup. Sounds perfectly sane, well risky too, but why not…. Are you not trying to do what you want to do.
Here’s another sign, you like to multiply rather than add. More to come
Continue reading about One Sign on my list on that you are cut be an Entrepreneur
