Zebra’s may fix what Unicorns break, but that hasn’t stopped the investing world from their focus on hunting unicorns. Maybe a little in the impact investing space, but there the world of young companies is split into “startups” and “SMEs” with the latter still looked upon as potential unicorns and the latter often derided as unworthy of investment. Rather than...
Last month I wrote: There are funds that waste the time of startups never actually writing checks. I won’t call them out publicly by name, but one prominent institutional lender just wasted 10 months of time of one my fledglings, and I’m sure they are sitting around as upset with us as we are of them. I thought that was the end of the story. 10 months of conversations and due diligence, two...
I found the following infographic on Twitter, and this should help the hundreds of thousands of first time entrepreneurs better understand how their 100% turns into what looks like a tiny 17.6% and yet is how some of them will someday end up millionaires. 100% of an idea is worth $050% of an idea-stage company is still worth $037% of a fundable company is worth something. Not much, but not $0.31%...
Neither the political nor business news is covering what may be the pivotal story of the 21st Century. The fundamental change in behavior of the Federal Reserve Bank since the Panic of 2007. That sounds like a dry topic, and I assure you it is. The driest and most dismal corner of economics, itself known as the “dismal science“. But nonetheless something that may change the course of...
