03/14/17

Point of View — Entrepreneurs v Funders

Big Red Car here on a sunny SXSW Tuesday in the ATX. On Earth as it is in Texas. No sign of snow, but it’s early.

So, the world is divided into three basic camps:

 1. Entrepreneurs and founders — consumers of capital

 2. Funders of all kinds — angel investors, venture capitalists, friends & family

 3. Ballerinas & poets — folks who are not in the startup world and are gloriously happier in their ignorance of it

Each understandably has a unique point of view depending which role they undertake. Forget about the ballerinas & poets for this discussion.

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08/19/14

Obvious Questions — What Are You Going To Do With The Money?

Big Red Car here. Nice cool, cloudy morning here in the ATX, also know as God’s Country. [But that irritates people, Big Red Car. Sorry.]

So when you’re making your pitch one question you know you are going to get is — “What are you going to do with the money?” Obvious questions, y’all. Be ready for them.

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12/31/13

Convertible Debt

Big Red Car here.  Well, it’s cold and raw here in the ATX.  Not convertible weather which gets me thinking about a different type of convertible — convertible debt.

The Boss received several questions as to when and how convertible debt would be used by a startup.  This explanation will give you the basics.

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10/10/13

Fundraising developments

Big Red Car here.  The Boss is back in town through the rest of the year — well, except for a visit to NYC and a couple of weeks of skiing in early December.  The Boss likes that skiing.  It’s already snowed in the Rockies.

This morning he was up early and had a conversation with one of his CEOs that he’s had about a thousand times — raising money.  It’s what CEOs do whether they like it or not.

Most CEOs do not like raising money.

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