Startup Reading List | October 28, 2017 | Enjoy the read and the weekend! | Startups Meet Investors At TechCrunch Disrupt Berlin TechCrunch Disrupt Berlin brings together hundreds of early-stage startups looking to gain customers, expand brand awareness, and of course, get more funding. At Disrupt Berlin, TechCrunch offers CrunchMatch, a white glove service that matches investors to startups and provides on-site meeting locations. If you’re a startup founder, book your tickets today and save 15% when you use promo code “TECHSTARS”. See you in Berlin!
| | Paul Graham, Jessica Livingston, Robert Morris, and Trevor Blackwell "We must remember that we're investors, not bosses. We can advise and persuade, but not command. Good founders don't need more than advice anyway. And since you can't know what it's like to start a startup without having done it, those who advise the founders should be mostly people who have." | | Fred Destin "Young startups often don't realize how attractive they are, and what calibre of people they are able to attract. This is one area where a passionate investor can really make a difference in closing amazing candidates. Getting great talent early is priceless." | | Andrew Chen "As you might imagine, breaking into each new local market can be incredibly painful. Marketplace companies often end up employing teams of "launchers," a specialized ops role focused on cracking new cities." | | Homan Yuen "As a general comparison, LPs can obtain 1.5x returns after 10 years on many different types of asset classes including private equity, public equities, and real estate. LPs look to venture capital to provide premium returns due to the increased risk and illiquidity of the asset class. For riskier and longer term investments like seed funds, LPs expect an even higher premium. Otherwise, there is no financial reason to give money to venture firms. Historically, many venture funds do fail to hit these targets, and a large proportion also fail to return 1.5x or even 1.0x." | | | | |
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