August 2011
2 posts
5 things you should know before starting a company
I posted this on VentureBeat this morning. The original article is here: http://bit.ly/nQbD4z
Despite the rocky nature of the stock market these days, it sure seems like a great time to start a company.
The stories of early stage founders graduating from Y Combinator and TechStars with $8-$10 million pre-money valuations soon after graduation are encouraging. And late stage valuations appear...
Innovators, Imitators and Idiots
How Groupon and 491 Daily Deal clones destroy capital on email marketing
I originally posted this on on Business Insider here: http://read.bi/nbtI3L
On Groupon’s warpath toward a $20B IPO, the company is spending $2.3M a day on consumer marketing – roughly twice as much as Target. Last Wednesday the SEC rightly criticized Groupon for removing this marketing expense from their profit equation....