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6123

How to Raise Money

September 2013 Most startups that raise money do it more than once. A typical trajectory might be (1) to get started with a few tens of thousands from something like Y Combinator or individual angels, then (2) raise a few hundred thousand to a few million to build the company, and then (3) once the company is clearly…

6139

A horrifying startup accelerator story

Recently, I wrote a post called “Entrepreneurs Deserve Full Transparency” for my WSJ series. Several entrepreneurs wrote me, but this story really stands out as a warning to do your diligence and demand full transparency. Not all accelerators are created equal. I’ve posted the following email by permission of the…

6149

Uber for Everything

San Francisco has 800,000 inhabitants. How many cordless drills are there in this city? Probably orders of magnitude more than we actually need. I bought one six months ago, used it just once. It’s now another object in a box filled with stuff. At the time I must have thought that the most convenient way to hang a…