We Will Never Need Another Financing

I hear some version of this one all the time. “We will never need another financing.” “This financing will get us to cash flow breakeven.” “This is our last financing before we become profitable.” It’s probably bullshit. There are so many reasons companies raise more money in the future that even making an assertion like this…

Rover Cuddles Up to $12 Million

Today, Rover announced that Menlo Ventures has led a new $12m round of financing. As is our style, we participated, but we’re excited to have a new partner to join us, Madrona, and Petco in this fast growing adventure. Lots of VC firms are once again talking about online marketplaces. Some get it; many don’t….

Yesware Is For Salespeople

Yesware just announced a $4 million financing. I’ve joined the board. If you are a salesperson who uses Gmail, go download and try it now. I’ve been using Yesware since the first alpha release. While I’m theoretically not a salesperson, I believe every CEO and professional plays the role of a salesperson. And many people,…

Announce Your Financing In Conjunction With Your Form D Filing

I’ve always had mixed feelings about the importance of a company announcing a financing in the absence of any other activity. “Dear World: We Just Raised $X From Investors A, B, and C.” Ok, but so what? In my book, there is only one real reason for this – to attract new potential employees: “We’ve…