Roger Federer and Entrepreneurship

The last decade has seen an explosion, worldwide, of organized entrepreneurship. Angels, seed funds, mentors, coaches, accelerators and incubators have proliferated (as have VC firms). And a (good) blog post can be found on just about every minute aspect of building a technology business.

“Have you no sense of decency, sir, at long last?”

It's been an extraordinary few days in Silicon Valley — a high-profile VC firm has been “blasted off the earth” and the industry is reacting in unusually visible ways.

The reactions have varied from the half-assed apology to the pre-emptive apology to the we-took-care-of-it apology to the high-minded-appeal-to-principles apology to the apology-of-the-day apology, from prominent VC firms (Lightspeed, Lowercase, 500Startups, Greylock and Binary respectively). Sadly all immediately put one in mind of Captain Renault in *Casablanca*.

Raising The Next Round: Five Reasons Not To Think About It Until You Have To

Over the years I've had hundreds of conversations with CEOs about "the next round". This usually takes the form of a question: "What metrics do I need to hit to raise the next round?" In itself the question is rational; what is troublesome is when the question is asked right after a round has been raised, and when business decisions are made based on a theoretical future raise.Here are five concrete reasons to spend little time thinking about the next round in the context of building your business.