Underhyping your startup
I recently tweeted: New early-stage start up trend: get big quietly, so you don’t tip off potential competitors. Chris Sacca agreed: @cdixon…
Size markets using narratives, not numbers
Anyone who has pitched VCs knows they are obsessed with market size. If you can’t make the case that you’re addressing a possible billion…
Capitalism just like Adam Smith pictured it
From far away, things that are very different look alike. I grew up in a family of musicians and English professors. To them, the entire…
Stickiness is bad for business
It is common to hear entrepreneurs and investors talk about the high level of engagement (what we used to call “stickiness”) of their…
Developing new startup ideas
If you want to start a company and are working on new ideas, here’s how I’ve always done it and how I recommend you do it. Be the opposite…
The importance of investor signaling in venture pricing
Suppose there is a pre-profitable company that is raising venture financing. Simple, classical economic models would predict that although…