The document discusses the evolution of venture capital and lessons for startups. It covers the pre-VC years, the VC boom years, and three things that are important for both VCs and startups: understanding customers, testing ideas quickly and cheaply, and building strong teams. The document also provides contact information for further discussion.

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5. The pre-VC years
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6. The VC years
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7. Venture capital: Three things
Market, product,
team, momentum
Fortune favours
the brave
Helping startups
takes real work
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8. Startups: Three things
Understand the
customer
Test quickly and
cheaply
Get great people
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9. The evolution of venture capital
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11. t: @brisbourne
b: theequitykicker.com
e: nic.brisbourne@forward.co.uk
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