Hey founders, today I’m going to address a crucial topic: When to update your investors with bad news. If you’re an entrepreneur and running a business, you will have to give bad news at some point. There are many ways to give bad news. One of them is not to give any news at all, […]Read More How to deliver bad news to investors
Last night, I went for dinner with Mikhil where we got into the debate on whether VCs should be “founder friendly” or “venture friendly”. He was for the former and I the latter. I argued that at the end of the day, it is the combined responsibility of both the venture capitalist and the founders […]Read More Should VCs blindly be founder friendly?
Since there is a limit to the amount of negotiation that takes place on any deal, founders that intend on fighting to win every point of the battle will rarely ever win the war. Founders should enter negotiations for investment with a clear understanding that things are bound to change and that it is their […]Read More Choose Your Termsheet Battles Carefully
Solve this… Person V does consulting for Person G. The deal is closed, Person G promises to pay Person V. Invoices are issued and Person G changes colour to stall paying out Person V. Person V has invested months of personal time, employee time, rent and other overheads to close this deal and it is […]Read More Do our systems create rebels out of entrepreneurs?