Bio not provided
@KeithTeare @DaveMcClure I agree. Series A is now growth capital whereas before it was "find product/market fit" or "just found product/market fit but still experimenting" capital. The bar is now $100K/month in revenue for an A. That's incredibly de-risked compared to a few years ago when $10K/month in revenue got you an A.
1 year, 1 month ago on A rare defense of venture capital classic
@LoraKolodny @KeithTeare what's reported in TechCrunch is not emblematic of the larger picture. There aren't actually *lots* of seed deals in the $2-$5M range. Additionally, Cowboy, FRC, et al don't write checks that big so they can't fill the void either (also Cowboy and KPCB are unaffiliated, which should be clarified more publicly because I think a lot of people are confused about that). Those seed funds also do very few deals. One per month, max, which puts them on par with traditional VCs.
I like the article, and generally agree. However, let's keep our facts straight. "SpaceX is a private space company that can send rocketships to Mars." Not true - at least not yet :)
1 year, 2 months ago on Now it’s not even close – Elon Musk is more important to society than Steve Jobs ever was
At least it's good for press ;) Great job, Dealflicks!
1 year, 5 months ago on Startup hustle: Why two men decided to sleep together in a van for months on end
Great! We spent a year post-accelerator working out of 500. We moved out right before your batch moved in. Can't say much publicly yet but PayByGroup is doing really well :)
1 year, 6 months ago on An Applicant’s View of 500 Startups and Techstars
Fantastic summary. My first startup made it to the finals of Techstars Boulder and Boston and with our current company, PayByGroup, we went through 500. My impression of the differences is exactly the same as yours.
I think you're right, Sarah, only as long as PayPal continues as is. However, David Marcus is a bad ass and I'm firmly convinced he's leading a renaissance at PayPal. Just look at their recent acquisition of card.io, complete website redesign, launch of PayPal Here, etc etc. I wouldn't be surprised if PayPal buys Stripe or Braintree sometime in the next 12 months. As the cofounder/CEO of a payments company, I have a deep appreciation for what David was able to build at ZONG in a short amount of time (super, super hard) and expect he will do something bigger and brilliant at PayPal.
2 years, 2 months ago on Exactly How Screwed Is PayPal? (Hint: Very)
I think Aereo makes sense for those without TVs or cable, such as myself, who are a growing number of people (especially in younger demographics for whom the computer IS essentially a TV).
2 years, 3 months ago on Don’t Root for Aereo, the World’s Most Ridiculous Start-up