Perspective, Pontification and Propoganda about Entrepreneurship and Venture Capital, brought to you by David Hornik of August Capital.

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davidhornik

Answer: Bill Gates. Thanks for playing :)

dsifry.wordpress.com

David,

Great post. You had to answer your own pop quiz? Here I was, all happy to answer the one Dave Marquardt question I can, and it's ruined! :-)

Welcome back from Europe! Looking forward to Hawaii.

Dave

ndintenfass.wordpress.com

Given how seldom you blog, no need to apologize when it gets long (especially when it's good) ;)

Sad that even someone who teaches IP Law needs to be paranoid about whether a clear commentary is fair use.

kmilo.myopenid.com

Nice post, it really gets good summarized with your "venture capital is still more art than science"

By the way, Bill Gates is a too big name to forget it :P

kmilo.myopenid.com

After sending my - first comment - I've got an error but still it got published, this is the error:

Comment Submission Error

Your comment submission failed for the following reasons:

Too many comments have been submitted from you in a short period of time. Please try again in a short while.

https://me.yahoo.com/a/h3OgW9drg_4BeDt_rEnCP0ordu0-#18546

Hello Mr. Hornik,

Thank you for sharing your insight(s) with entrepreneurs like myself. Your unique perspective adds a lot of value to your critique of the Wired magazine article and for that I am most grateful.

I do however have a question/concern that has been gnawing at me and hope you will be able to shed some light: What is the policy of VCs about signing a NDA with a budding entrepreneur? Is there a standard policy that most VCs adhere to or do large, well known firms like yours scoff at an entrepreneur's request for an NDA before he or she shares his/her idea with the VC? And what will your advise be for someone like myself on how to broach this somewhat delicate subject with any VC firm without alienating its decision makers?

Thanks in Advance!
contax

teleos.wordpress.com

.... just one thought (or maybe two).

I thought the goal was to build a business, with venture funding being one possible route of financing?

While the "cult of venture capital" serves VCs well in generating deal flow, I notice that it often becomes an end rather than the means. For example, how many entrepreneurs that took venture capital and failed (which is most of them) would say that VC funding was a smart move? Quien sabes?

This I do know from my experience. Entrepreneurs that can bootstrap their start-ups enjoy more profits, less constraints, no less "contacts" and guess what? They make the most money.

My $0.02.

Chris Montano

https://me.yahoo.com/a/z1MprOk6tYi3tpKDs5bcIppeklD7mlpiVvmH.ogh#59442

I believe that one of the important stages you should get ready for is the actual presentation. Basically, the issues you would like to cover are Company introduction, Mission statement, Pain and value proposition, the product/solution/service, The market and competition, Business Model, Case study/Client base, SWAT analysis, Financials and Summary.

https://me.yahoo.com/a/guRvnrJiy4pTwk5Ey74EchMlnuiZXGQ-#0f0ca

I'm like Dave. Here I was enthusiastic about answering the pop quiz question & u go answer it yourself ..now I can't demonstrate how attentive I am :(

maybe my recognition of Mr. Montano's disdain for your line of work will suffice ...

but seriously ..I do appreciate the insight!!

LanceWinnz

https://me.yahoo.com/galonga#9a47a

I think Id hate being a VC. :)

Having to put up with
1 - BPs which make no sense
2 - paranoid people who think Im gonna steal their secrets
3 - know-it-alls that allow no room for debate

good article nonetheless! :)

yalitimlar.wordpress.com

thank`s.. :)

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