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Your Startup Is Dying — Now What?

“Mann Tracht, Un Gott Lacht” (“Man Plans, and God Laughs.”) We hope for the best, but are forced to plan for the worst.  Almost all VCs will have companies that fail. The CEO comes to us.  She has 3 months of cash left. Existing investors have [...continue reading]

Startup Fundraising Hacks: Raise More Money Faster

I presented last month to the Harvard in Tech Emerging Founders Program on "Startup Fundraising Hacks: Raise More Money Faster".  I have embedded the video and the slide deck below.       [...continue reading]

A message to young people from older folks: DON’T VOTE

Voter registrations close soon in many key states. Register here. And a reminder for young people: DO NOT VOTE!   [...continue reading]

How to Launch, Manage, and Invest a VC Fund

Over the past decade, I’ve (somewhat accidentally) put together on this blog a syllabus on how to launch, manage, and invest a VC fund.  Most of my research is also relevant to private equity. I thought it would be helpful to compile my past articles [...continue reading]

Looking for a True Enterprise Entrepreneur in Residence

I’m researching an idea for how large enterprises which are not technology companies can promote innovation in their areas of interest.  My proposal: hire a true Enterprise Entrepreneur in Residence, whose defined KPI is: Quit my job. (No, that’s not [...continue reading]

Industrial Psychology for CEOs

I’ve personally been a past client of Ben Dattner, an executive coach and organizational development consultant, and head of Dattner Consulting.  Ben has an unusually well-developed website, well worth reviewing when you are thinking through [...continue reading]

How to Make Sure Everyone Agrees on the Contract You Just Signed

When we negotiate a deal, the paperwork is intended to document the deal.  If necessary, the paperwork is supposed to ensure that all parties keep their commitments. But I admit it: I’m paranoid.  How do I ensure enforceability?  We are investing [...continue reading]

Why Venture Capitalists Are Investing in International Startups

Why are more US VCs investing in international startups? Take a look at The Fortune Unicorn List: of the top 100 most valuable unicorns in 2016, 39 are currently based outside of the United States.  While fundraising of US VCs has dropped slowly [...continue reading]

#MovingForward Movement: VCs and a Diverse, Inclusive, and Harassment-Free Workplaces

HOF Capital recently joined the #MovingForward movement of VCs committed to diverse, inclusive, and harassment-free workplaces. The movement emerged at a founders dinner a few months ago when the question, “As an entrepreneur, if I experience [...continue reading]

Limited Partner Due Diligence on Venture Capital and Private Equity Funds

As a VC, I have a standard due diligence list for companies I’m reviewing.  Similarly, our limited partner investors have their own due diligence standards, and we manage HOF Capital to keep in line with their standards and expectations. The [...continue reading]

How to Scale a Venture Capital (or Private Equity) Fund

Managers of VC funds typically want to grow their business aggressively, just like the founders we back.  But, we normally have a clear ceiling on how high we can grow AUM, before hitting practical limits to deploying capital within the traditional [...continue reading]

How to Get Superior Returns in Venture Capital

A friend of mine interviewed for a job with massively successful hedge fund manager Steven A. Cohen.  My friend sat in the conference room, and Cohen walked in. He looked at his resume, and asked just one question: “What’s your edge?”  My friend got [...continue reading]

The Investment Committee Rejected You; What Does That Actually Mean?

One of the most common ways a venture capitalist rejects you is a variation of, “I love you, I love your company.  I brought it up to the investment committee (“IC”)....but they turned it down.” What does that actually mean? Is this the business [...continue reading]

What’s Your VC Tech Stack? Results from a Survey of Early-Stage VC Funds

(written by Philipp von dem Knesebeck, Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam), and David Teten) VCs are at the forefront of technological disruption, funding many of the latest cutting edge productivity tools. But [...continue reading]