Linkblog: What Do Investors Really Want From Founders; Stop Hiring Mediocre Executives; and Practical Tips for Investor-Led Go To Market Help
Some recent reads that I’ve enjoyed
Fund Size is Still Strategy — The Growing Disconnect Between Founders and VCs (Charles Hudson) –
“The biggest understanding gap I see between founders and VCs today is this understanding of the relationship between the investor focus on terminal outcome and the founder focus on the microeconomics and unit economics….. The net result is a lot of of frustrated founders who don’t understand why they can’t raise with $1–2 million in ARR and investors who don’t understand why founders don’t realize they are in small markets, regardless of early traction.”
As Charles also notes, this is exacerbated by the rapid increase in venture fund size. Every dollar increase effectively needs another several dollars of startup exit value to justify the AUM growth.
Tips for Talking With Your Investors About Bridges and Extensions (Charles Hudson) — Charles covers a bunch of the questions VCs and founders should consider, and hopefully align on, when raising an incremental insider financing.
Beware the “Mediocre Recycled.” The Zombie Executives of SaaS (Jason Lemkin) — The type of folks who…
