Here’s something that I highly recommend y’all read: “ milk money …” - parts I, II, & III It’s an amazingly detailed and honest account of the fund-raising process from someone who raised the money just over a month ago - in December 2005! One thing that’s not mentioned in the story is the amount raised from Sequoia. I know it’s $3.5 million- straight from the horse’s mouth. So let’s do the numbers . $3.5M in Series ‘A’ means anywhere between 20% to 40 % stake was given away, based on how much leverage each party had. Note that regardless of leverage, any experienced VC will typically want to own *not more than* 40% and *not less than* 20%, “post-money”. [VCs taking more than 40% drastically reduces the founders’ feeling of ownership and thus, their incentive to succeed. Taking less than 20% would mean the VCs will spend very little time or effort on this company- instead choosing to focus on the other companies in their portfolio where they have a greater “interest”.] ... continue
Software IS Magic. Almost literally magic! If you can imagine it, you can make it happen with software. My passion is to explore how to use software to imagine solutions to all problems - and tackle them with software products, one by one. And along the way, build a startup/business, where money is the 2nd Derivative - the solution to a problem is the 1st.