SpeedFuning – Angels Den 21 June 2010 – WinsfordImage credit: https://flic.kr/p/8crjfb
Silicon Valley is changing rapidly in many aspects. Today I want to highlight two related trends in the web/tech industry (non-biotech).
The transformation of high tech, sophisticated companies into something that “just works”.
This scenario is causing the end of the due diligence process for seed investments as there is no longer anything to dig into anymore; you just have to share a few signup numbers, active users and growth rate. You don’t need more than 2 hours!
10 years ago, companies like Google were running on powerful proprietary…
Startup in Berlin Image credit: https://flic.kr/p/dP6W49
wrote an interesting article about his experience being in an incubator. This is a summary of the 7 lessons he wrote about in the article: 7 Lessons from My AlphaLab Experience
Lesson 1: Even a small amount of operating capital from an investment can be extremely useful.
The primary purpose of the $15-$25K provided by startup programs is to support the development of your business. Expenses such as leasing a server, buying computers/ software manuals, paying contractors or attorneys could add up to a large amount a be a potential deterrent…