We Just Got VC Funding and Everyone is Quitting! Whiskey, Tango, Foxtrot. WTF? VC funding is not necessarily a good thing! “We just closed a $50 million VC funding round and a bunch of our very best engineers quit. Who would quit when we just received a multi-million-dollar endorsement from an obviously talented, insightful […]
WTF! We Just Got Funded And Everyone is Quitting! Read More »
Why wouldn’t you give your child, or a friend’s child, a pet rattlesnake? Because you know rattlesnakes as a pet are likely to end up badly. They are going to deliver venom sooner or later, no matter how nice you are to them because that is what they do. It is in their nature. Well,
Does anyone remember DevOps? Surely the agile coaches infecting LinkedIn trying to sell their best agile practices are still around. But what about the other citizens, the ones called DevOps software employees? What happened to them? Well, let’s go there for a bit and as we do, let’s bring in our pals from SNYK, an open source
Valuation Disaster Coming To SNYK Employees – Bend Over! Read More »
Company Culture — So You Don’t Ask The Important Questions Company culture. Wow. Is there anything more undefinable? Perhaps you know one when you see one? The younger, more hip, or trying to act hip a company is, the more it seems to tout its culture. Some firms actually have cultures. These are not created
Alternatives To Toxic Venture Capital A growing force of founders who have raised VC money before will never do it again – here’s why. Bring in venture capital and you make the silent, irreversible decision to sell your company or do an IPO – or go bust in the process. The VC model has no
Jay Valentine offers a brutally honest outlook at taking on outside investors. Most B2B founders consider the additional growth possible with outside funding. A default choice is venture capital. During the courtship between the founder and the VC, there are some common things founders come to regret. WHEN TIMES ARE BLEAK, THE VC PARTNER WILL
Venture Capital Poisons Disruptive Startups And Other Living Things Why disruptive technologies do NOT need VCs. “We got funded!” That phrase indicates either a first-time entrepreneur with no experience with the toxicity of venture capital or the bureaucratic “startup exec” who goes from one VC funded firm to another, never making a profitable exit.
When the ship is sinking, you cannot see shore, and there are not enough lifeboats! You know them! They are the E, F, G venture round, SaaS company. They had 2-3 CEOs. They are on their 4th – 7th VP of Sales. They delivered “new messaging” with a fresh web site, paid for by that
The VC Funded Startup – Where The Story Is EVERYTHING There comes a time in most VC backed companies when the future is clear, stark, bleak and inexorable. The realization sets in there is no way to sell your way to a wet exit (liquid, monetized). The company is growing at 20% – 40% but
