Uncle Saul

Need straight-talking advice from a serial entrepreneur? Ask Uncle Saul and the answer may be posted here.


Last week’s question:
Dear Uncle Saul, How far should I go with developing my new business before seeking to raise venture capital?
- Brian

Answer:
Go as far as you can! By bootstrapping your business during the early stages you will attain a far greater valuation enabling you to raise more money while giving less equity away. For more advice about VCs read "Brian Epstein is Not John Lennon, and Neither is Your VC."
- Uncle Saul



Blogroll

The Fringe

What If?

Wednesday, September 19th, 2007

Did I ever tell you about the young Zoad
Who came to two sides in the fork in the road?
He looked one way then the other way, too.
So the Zoad had to make up his mind what to do.
…
If I go to place one, that place may be hot.
So how will I know if I like […]

The Fringe

Wednesday, September 5th, 2007

Eugene Kleiner, Co-founder of the VC firm, Kleiner, Perkins, Caufield & Byers, once said, “It is difficult to see the picture when you are inside the frame.”
A small percentage of people in each free-market society generate the jobs for everyone else. The people who create these jobs are solidly on The Fringe. They do not […]

Hold em or Fold em

Wednesday, August 15th, 2007

According to that sage voice of reason, Walter Matthau, “[Poker] exemplifies the worst aspects of capitalism that have made our country so great.” I most whole heartedly agree.

Bank Robber or ATM Operator?

Tuesday, June 19th, 2007

A Fortune 500 CEO once told me that I was a Bank Robber. Initially, I was offended. However, once he explained what he meant, I was flattered.