Every Friday I collate the 5 articles that I'd most like to share. Here's this week's top 5...
Networking (or "not working" as a friend of mine often quips) is an essential skill for entrepreneurs. Some great advice here from Mark Suster. My favourite, "Give Before You Get".
I like this excerpt in particular, Paul Krugman's 1998 forecast, "By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s."
Interesting Article on Sequoia Capital. I like...
...that they have guys on the team who have had operating experience
...that they move fast
...that they are not flashy
...they work behind the scenes to help their companies.
If anyone thinks running a startup is glamorous, here's a humbling reality check. It starts... "It has been one of those days. You know those days. The down days. Not the good days when I can convince anyone that I am taking over the world. These days are usually entrenched in fear. This is a weird feeling because I have never really been scared of anything in life until the past two years...."
Startups have stock option plans, VC funds have carried interest. If ever wanted to know how that works, here's a useful primer.