News: News Articles
February 15, 2019
Every business owner (or founder) has a different take on the hardest part of growing a company. And those same business owners will have different takes on the easy part of growing the business. Talk to a talented sales professional who started the company, and you may find that managing, marketing, and recruiting are the most difficult hurdles that a person faces in growing their business. Talk to the marketer down the street who started a company, and you likely will hear just the opposite.
February 14, 2019
Too many founders optimize their fundraising based on a single metric: valuation. Of course, I understand where this comes from, and the desire to minimize dilution. As early-stage investors, we also care about the dilutive effects of follow-on rounds, both for us and the founders. A key lesson we’ve learned across our investments is that valuation isn’t often the most important factor, and it doesn’t exist in a vacuum.