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@bgoldberg that's fair. i'd give Hartz the benefit of the doubt. Also, sometimes late-stage money is value-add (in a Valley sense, or Wall St sense), and sometimes it's just optics for the street. I do think your overall point is important, though, and could be better applied to a company like Viddy.
1 month ago on Raising money for the sake of raising money
@mattmireles but comparing Viddy to Eventbrite isn't quite right. Viddy was froth, a bet on the come; Eventbrite has strong fundamentals, and Hartz is very experienced (on both sides of the table), so this post misses the mark, IMO.
While I agree with the overall sentiment here, there are important caveats missing here, such as: the particular investors could add value in a way deemed valuable by the company; the company may want to acquire another entity for technology, revenue streams, or both; the company may be fielding acquisition offers and therefore determines having cash on hand will help put in a better negotiating position; and/or the company may feel the time to go public isn't quite right and that they want to remain private a bit longer.
I love the spirit of this piece, but I'd have to say that, at least for Silicon Valley startups, they only want to hire experts and not generalists.
2 months ago on You don’t want experts. You want jacks-of-all-trades
My interpretation of Wilson's remarks is that he's talking about Series A, and not seed -- from what I gather, USV doesn't do many seeds anyway, except for rare occasions. I may have that wrong, since I don't know for sure. Nevertheless, I read this as Wilson making a good argument that for Series A, founders should pay attention to investors who hold a "reserve" model of funds for follow-on financings for Series B and beyond.
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@elicolner What's your view of Quora within this framework?
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Good article. Re: your ending, I'd say that they currently *are* the hot company, that's the perception.
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Great story to add to the great technology, congrats to all.
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