Brian Goffman StartupDay 2011 Speech

Your Money or Your Life: 6 Rules
September 2011

Who is this Guy?
2
McKinsey & Company
Startups: PointCast, When.com
Austin Ventures, Madrona Venture Group
Microsoft
Optify

Today’s Entrepreneur: Lots of Options, Even More Questions
?
?
Should I raise angel or venture capital?
How do I get the best VC terms and valuation?
?
?
When and how do I get liquidity?
Should I join an “accelerator”?
“All I ask is the chance to prove that money doesn’t make me happy.”
-Spike Mulligan
Page 3
9/17/2011

VC Rule #1: The Most Important Day
Entrepreneur: The day you release your product / service
VC: The day you run out of money (OOC)
Page 4

VC Rule #2: Swing for the Fences
Entrepreneur: All your eggs in one basket
VC: Lots of eggs, lots of baskets
Page 5

VC Rule #3: Scale Up
Entrepreneur: When you’re ready (Lean Startup)
VC: When you have the money
Page 6

VC Rule #4: Return on Investment
Entrepreneur: Set for life
VC: “You can’t eat IRR”
Page 7

VC Rule #5: Liquidity
Entrepreneur: As soon as possible
VC:When we say so
Page 8

VC Rule #6: Companies
Entrepreneur: People, products, culture, legacy
VC: Return on investment
Page 9

Raising Money = Long Term Relationship
Page 10

Words of Wisdom
“What’s the use of happiness? It can’t buy you money!”
-Henny Youngman
“Speed is irrelevant if you are going in the wrong direction.”
-M Ghandi
Page 11

Brian Goffman, CEO & Co-Founderbrian@optify.net
Page 12

Brian Goffman StartupDay 2011 Speech

by Startup Weekend on Sep 19, 2011

Accessibility

Categories

Tags

Upload Details

Usage Rights

1 Embed 235

Statistics

Brian Goffman StartupDay 2011 Speech — Presentation Transcript