250K Or 500K: How Much To Raise?

Image via WikipediaI am in mind to raise 250K from Union Square Ventures. That would be my first choice. I can guarantee you I can get Fred Wilson to give me 15 minutes of his time any day for me to able to pitch him. That much I know. But the deal is up in the air. I am not going to assume it will happen. That part is not in my control. What is in my control is I am going to leave no stone unturned to get him. My part is in my control.

Serenity Prayer - Wikipedia, the free encyclopedia

Another idea that is being floated by some people on my team is that I raise 500K, but without giving equity. It would be like I get 500K, and in my next round - which could happen in as little as six months - I give that money a 600K valuation. I would be very open to that.

Founder CEOs And Google

Image via WikipediaThe Chrome OS needed to kill Windows yesterday, five years ago. And Google is still not looking to kill Windows. Google not having a Founder CEO is the reason why. The early venture capitalists who put in the early money messed up. They should have brought in someone like Eric Schmidt as a COO, the Chief Operating Officer. Larry Page should have been CEO all along.

Bill Gates was young and he was CEO. Mark Zuckerberg is still young. He even looks the part. You can't dismiss a Founder CEO just because he or she is young. That is extra true for history making companies. It is a DNA thing. Founder CEOs come with the DNA.