Archive for July 2017

The Watney Rule

In February of 2016, Mitch Kapor tweeted out “The Watney Rule for startups: Survival depends on achieving self-sufficiency.” This tweet was a focal point in the Q1 2016 quarterly letter sent out by First Round Capital encouraging founders to not overly rely on follow-on financing.  By achieving some measure of self-sufficiency, founders and companies can…

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The Value of a Founder

Recently we attended the 645 Ventures’ annual meeting in NYC. All of the presenters did a phenomenal job, but ask anyone who was there and they will tell you the most interesting portion was the last speaker, Sarah LaFleur, CEO of 645 portfolio company MM LaFleur (MML). Sarah spoke about several exciting things currently happening…

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