Musings on Entrepreneurship and Innovation
Monday, March 15, 2004Lessons Learned
Nice summary from Michael Moritz regarding lessons learned about funding successful companies in the April 2004 issues of Technology Review:
Small amounts of money, tight groups of very focused people, an unwillingness to splurge when temptation calls, contrained infrastructure, outsourcing all that is unessential. In other words, less makes more.
The Quality of Your Management Team: Looking Beyond Experience
Everybody knows that venture capitalists rate the quality of a company’s management team as the most important factor when weighing an investment decision. Is that really so? And, what does “quality” mean in the context of an entrepreneurial growth company? If you look closely, you’ll recognize that entrepreneurial experience and a venture capital track record are the reflections of more fundamental capabilities. What are they, and what can you do to build and present a more fundable team?
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