Venture Capital News Roundup

What we're reading... 

Tomasz Tunguz of Redpoint looks back at at "Done Deals" by Joshua Lerner, a collection of interviews of venture capitalists from 2000. He picks out some quotes which could aptly describe today's funding environment. Link

Michael Seibel of Y Combinator talks to people all the time who want to start startups in their late 20s or 30s but can't because of decisions they made just a few years earlier. Here is a collection of the advice those people would have given to their younger selves. Link

Jeff Haynie writes about what he learned from starting Appcelerator. Some of these lessons are to monetize earlier, scale slower, and burn less. Link

Luke Iseman at Y Combinator writes about the hugely successful crowd funding campaign for Glowforge. The company raised $27.9M in 30 days. Here's how they did it. Link


Mark Suster writes about why VCs do not want valuations to drop and discredits the claim that investors can spook the market into falling. He lists a few reasons why valuations in recent years have been irrational, including the rise of social networking and smartphones, as well as the low interest rate environment. Link

Alex Iskold writes about why now is the best time to start your startup. Link

Nathan Saucier writes an article called Why the Future of Virtual Reality Isn't Movies or Video Games Link

Adam Grant writes about the idea of failure. He states that the most successful people he interviewed on the topic were not afraid of failure, per se, but of failing to matter. Link

Originals learn to see failure not as a sign that their ideas are doomed, but as a necessary step toward success. We learn more from failure than success: for example, evidence shows that space shuttles are more likely to make it to orbit after botched launches. A failure signals a gap in knowledge or a poor strategy, and motivates us to go back to the drawing board and get it right. Without failure, complacency can creep in. At NASA, the Challenger disaster happened after 24 successful space flights, which led to overconfidence. “In their own minds,” physicist Richard Feynman reflected, “They could do no wrong.”