Nyc Seed UnVC
Upcoming SlideShare
Loading in...5
×
 

Nyc Seed UnVC

on

  • 530 views

I happened to be giving this pitch the day after tony@zappos disclosed his Sequoia issues publicly, so i rewrote the whole pitch. VCs are great for scaling sales forces once that\'s the challenge. ...

I happened to be giving this pitch the day after tony@zappos disclosed his Sequoia issues publicly, so i rewrote the whole pitch. VCs are great for scaling sales forces once that\'s the challenge. They push hard to invest a lot sooner, because that\'s the best way for them to repeatedly exercise their Pro Rata rights to invest (which is their best way to make money). All Pro Rata exercises come straight out of the Common, DNPGDNCTHD. And, early investors get (and deserve) a lot of governance in most cases. And, freedom/control is why I do what I do, which should be true for many of you as well.

Find Customers; Find Angels; Find Strategics.

Statistics

Views

Total Views
530
Views on SlideShare
522
Embed Views
8

Actions

Likes
0
Downloads
3
Comments
0

2 Embeds 8

http://www.linkedin.com 5
http://www.lmodules.com 3

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Nyc Seed UnVC Nyc Seed UnVC Presentation Transcript

  • VCs are for Scaling and, then only maybe.
  • @rafer, rafer.tumblr.com & rafer@handroll.tv
  • Why I Sold Zappos
  • Why are you here?
  • Freedom and Control
  • Funding can Matter
  • Nature of Funders Matters More
  • Mortgage Houses not Startups
  • Angels vs VCs vs Strategics
  • “Super Angels,” aren’t
  • Portfolio Theory
  • On the 5-person board, only two of us were completely committed to Zappos's culture.
  • Pro Forma Right to Invest
  • All or nothing
  • Freedom and Control
  • “But our board of directors had other ideas.”