InfoSecPodcast.com » Funding http://www.infosecpodcast.com Information Security related news, opinions and ramblings Sun, 25 Jul 2010 13:04:23 +0000 en hourly 1 http://wordpress.org/?v=3.0 The best VC post I have seen http://www.infosecpodcast.com/2007/10/the-best-vc-post-i-have-seen/ http://www.infosecpodcast.com/2007/10/the-best-vc-post-i-have-seen/#comments Wed, 31 Oct 2007 15:54:08 +0000 Chris Harrington http://www.infosecpodcast.com/funding/2007/10/the-best-vc-post-i-have-seen/ There are a couple of VC blogs / sites that I read religiously. They are Fred Wilson from AVC,  avc.blogs.com and Paul Graham, www.paulgraham.com/articles.html Even though I am no longer looking for VC funding I still try to keep my eye on that ball. You never know when you might need one.

Yesterday Fred Wilson had a post on the “lead investor”. It was a great description of those VC’s who say they will invest but didn’t want to lead the funding round. Having seen this first hand (from the other side of the table from Fred), I thought it was dead on. My favorite quote:

“If you are raising a financing of any kind, spend all of your time looking for a lead investor. Qualify every meeting upfront. If the investor won’t lead, don’t take the meeting.”

Good article.

–Chris

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]]> http://www.infosecpodcast.com/2007/10/the-best-vc-post-i-have-seen/feed/ 0 Properly sizing your VC funding http://www.infosecpodcast.com/2007/07/properly-sizing-your-vc-funding/ http://www.infosecpodcast.com/2007/07/properly-sizing-your-vc-funding/#comments Wed, 11 Jul 2007 14:52:51 +0000 Chris Harrington http://www.infosecpodcast.com/funding/2007/07/properly-sizing-your-vc-funding/ I read a very interesting article in Mass High Tech on properly sizing your funding when going for VC / Angel money. It was written by Justin Perreault from Commonwealth Ventures. I am pretty sure I submitted a plan to them when I was trying to start my own venture. I never heard anything back, but I will not hold that against them :)

There is one statement that really got my attention. “..since most companies raise multiple rounds, it is always critical that the funding be used wisely to reach important milestones that subsequent investors will recognize.” In my experience one of the questions that will cause heartburn during discussions is “what did you do with the money you raised in the previous round?”. You would be surprised how many people seeking investors can’t answer that question.

–Chris

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