Saying no

In the first few years of a startup's life, there's lots to do. Hiring the best talent to build a killer team, convincing customers to pledge their money to support your fledgling product, seemingly constant fundraising and delicate management of

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When and where we invest

People often ask me when we invest. My standard answer to this question is that we are Series A investors, but are opportunistic so occasionally go earlier or later. Out of curiosity, I went back to run the numbers and

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Screen size matters

I found myself spending some time thinking about screen size recently. Two years ago, at Outbrain, I worked with two 24” monitors side-by-side on my desk. While I loved the power of dual screens and the way I felt sitting

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Capital efficiency

I met a friend and fellow investor for breakfast last week and the topic of capital efficiency came up. In the current economic cycle - where venture capital investment seems to flow like water - old fashioned considerations like capital

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Founder vesting

The topic of founder vesting came up recently in working through a term sheet with the founding CEO of a business we offered to fund. In this situation, the founding team had been working together for nearly four years with

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