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RE: The Post Money Value: More favorite VC phrases

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RE: The Post Money Value: More favorite VC phrases
by noteworthy at 8:13 am EST, Nov 4, 2007

Come back when you've got some traction.

Jello wrote:

this is the only thing you will ever hear in Atlanta while seeking funding for your startup.

There is no such thing as pre-revenue funding in this town. Accept it and adjust, or move.

Period.

This is consistent with the Paul Graham essay from last month:

Instead of going to venture capitalists with a business plan and trying to convince them to fund it, you can get a product launched on a few tens of thousands of dollars of seed money from us or your uncle, and approach them with a working company instead of a plan for one. Then instead of having to seem smooth and confident, you can just point them to Alexa.

...

If startups are mobile, the best local talent will go to the real Silicon Valley, and all they'll get at the local one will be the people who didn't have the energy to move.

This is not a nationalistic idea, incidentally. It's cities that compete, not countries. Atlanta is just as hosed as Munich.

RE: The Post Money Value: More favorite VC phrases


 
 
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