{"id":749,"date":"2017-03-07T08:51:52","date_gmt":"2017-03-06T21:51:52","guid":{"rendered":"http:\/\/roger.venning.net\/wp\/?p=749"},"modified":"2017-03-07T08:51:52","modified_gmt":"2017-03-06T21:51:52","slug":"20-minute-vc-the-schizophrenia-of-raising-v-s-running-the-business","status":"publish","type":"post","link":"http:\/\/roger.venning.net\/wp\/20-minute-vc-the-schizophrenia-of-raising-v-s-running-the-business\/","title":{"rendered":"20 Minute VC &#8211; the schizophrenia of raising v.s. running the business"},"content":{"rendered":"<p>Listening this morning to<a href=\"http:\/\/www.thetwentyminutevc.com\/micahrosenbloom\/\"> Micah Rosenbloom via Harry Stebbings\u00a0<\/a>and heard something like the following at 16 minutes.<\/p>\n<blockquote><p>(Harry) as Jason Lemkin at SaaStr says&#8230; the best investors are those who know the benchmarks for the next round and then are able to help the founders attain them.<\/p>\n<p>&nbsp;<\/p>\n<p>(Micah) I feel\u00a0there is\u00a0some wisdom there, but that it was possible to become obsessed with what was required for the next round, and as a result you focus on building the\u00a0<em>deck<\/em> for the next round, not on\u00a0building\u00a0the business&#8230; The second challenge is\u00a0that the goal posts keep moving, e.g. the MRR moves from $100K to $200K to do a series A. It&#8217;s hard to build your company just for the next round.<\/p>\n<p>&nbsp;<\/p>\n<p>(Micah) wishes he could put blinders on his founders, have them not talk about the next round for 12 months after taking money. This is the venture train,&#8230; immediately after you get the hit, you are after the next hit.<\/p><\/blockquote>\n<p>An balanced focus on capital efficiency on\u00a0business fundamentals. Good perspective and perhaps an antidote to VC echo chamber.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listening this morning to Micah Rosenbloom via Harry Stebbings\u00a0and heard something like the following at 16 minutes. (Harry) as Jason Lemkin at SaaStr says&#8230; the best investors are those who know the benchmarks for the next round and then are able to help the founders attain them. &nbsp; (Micah) I feel\u00a0there is\u00a0some wisdom there, but &hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"_links":{"self":[{"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/posts\/749"}],"collection":[{"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/comments?post=749"}],"version-history":[{"count":1,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/posts\/749\/revisions"}],"predecessor-version":[{"id":750,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/posts\/749\/revisions\/750"}],"wp:attachment":[{"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/media?parent=749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/categories?post=749"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/roger.venning.net\/wp\/wp-json\/wp\/v2\/tags?post=749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}