Tags: ‘Finance’

At the Early Stage, Focus on Unit Economic Profitability, not Corporate Profitability

When asking pre-seed companies about their anticipated burn rates and cash spend over the following twelve months, I often get a boastful response along the lines of, “well, we’re profitable now, it’s just a matter of how much we want to spend”. That’s great, and I applaud pre-seed or bootstrapped companies that have found profitability, […] Read more

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How I Went from Being a Numbers-Hating Banker to a Numbers-Loving VC

Anyone familiar with banking probably knows this stereotype: the guy or gal fresh from undergrad who loves to “crush” models. They get excited when they tell you about “that time they built a model from Book1.xls” and they use the word “haircut” frequently. As in “I think our downside case simply involves taking a moderate […] Read more

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