blog.guykawasaki.com— This panel of five Silicon Valley entrepreneurs discussed the challenges and critical success factors necessary to create a successful start-up.
Aug 25, 2006View in Crawl 4
"- VCs want 50+% of equity in your company. If you have an idea without a working product (site) then your seeking VC funding will require a solid biz plan and a relinquishing of more than 50% of the idea - assuming you can convince a VC to fund it."Fifty plus percent? To me that's totally unacceptable. That would be like many beginning popstars who perform every day all over the world and are burnt out after 5 years and then notice that the managers got most of the money and the 5 million dollar house in Malibu is not really their own. Never give up control.
'taking advantage' refers to a bleeding edge tech startup I worked for where the expectation was 60-80 hours a week when everyone negotiated salary on a 40 hour a week. Anyone who objected a few times was terminated and with rare exception no one was older that 24. they were liberally violating labor law
"Fifty plus percent? To me that's totally unacceptable. That would be like many beginning pop stars who perform every day all over the world and are burnt out after 5 years and then notice that the managers got most of the money and the 5 million dollar house in Malibu is not really their own. Never give up control." Unfortunately, that is not the least bit unusual. But look at this way, what would you rather own: 50 million shares of stock with a share price of $0, or 10 million shares of stock with a share price of $10?
gd007Aug 26, 2006
this makes me quit my job and start a business.
Closed AccountAug 26, 2006
Reid wants to eat you, everybody run!!!
Closed AccountAug 26, 2006
Reid wants to eat you, everybody run!!!
nsandenAug 26, 2006
All you need is love. Love is all you need.
greenflashAug 26, 2006
"- VCs want 50+% of equity in your company. If you have an idea without a working product (site) then your seeking VC funding will require a solid biz plan and a relinquishing of more than 50% of the idea - assuming you can convince a VC to fund it."Fifty plus percent? To me that's totally unacceptable. That would be like many beginning popstars who perform every day all over the world and are burnt out after 5 years and then notice that the managers got most of the money and the 5 million dollar house in Malibu is not really their own. Never give up control.
farm3rAug 26, 2006
VC = Viet Cong?
himselfAug 26, 2006
'taking advantage' refers to a bleeding edge tech startup I worked for where the expectation was 60-80 hours a week when everyone negotiated salary on a 40 hour a week. Anyone who objected a few times was terminated and with rare exception no one was older that 24. they were liberally violating labor law
eoechoAug 26, 2006
If you get the $10M, call me. I can help you spend it on custom publishing and marketing. eoecho.com
splasterAug 27, 2006
"Fifty plus percent? To me that's totally unacceptable. That would be like many beginning pop stars who perform every day all over the world and are burnt out after 5 years and then notice that the managers got most of the money and the 5 million dollar house in Malibu is not really their own. Never give up control." Unfortunately, that is not the least bit unusual. But look at this way, what would you rather own: 50 million shares of stock with a share price of $0, or 10 million shares of stock with a share price of $10?
marc421Nov 11, 2008
Starting up in a down time?<a class="user" href="http://www.ScrappyUpstarts.com">http://www.ScrappyUpstarts.com</a>