Wednesday, July 17, 2013

Frank Advice to Startups from a Silicon Valley VC

There are some real gems amongst the 1855 videos posted by Stanford University. Unfortunately, they are poorly labelled. That may be deliberate because they form part of paid college course. But if you're a startup, do spend the hour watching this excellent video from Howard Hartenbaum, who is a partner at August Capital. He explains why most startups don't need to even think about talking to Venture Capitalists....unless your company is going to be worth 4-5 billion dollars by 2020. In other words you have to prove that your company is capable of scaling fast...He also explains the different types of funding that is open to you - and why family and friends is never a good idea if you value those relationships. Part of a useful series.

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