Are you just starting?
If you want to keep as much of your company for yourself as
possible, it is helpful to plan early and develop a "company formation process" that keeps you on track.
Have you visited a VC?
Venture Capital constantly changes. The reason is no
mystery. As Gurley
, VC returns are best modeled as a multiplier on market returns.
When the market goes up, VC funds are great (by factors!), when the market goes down,
VC returns stink (by the same factors!). Sequoia's October 21, 2008
provides a good overview
of VC reaction when things stank. When the market
goes up, VCs come back. If you contact me now, my first question will
be "Which VCs did you present to, and what did they say?".
Do you want funding?
If you still want me to help fund your
business, please be prepared to go over my "Pitch Checklist
" points when you call the number listed on my business card.
But before you go, let me give you something. I've put together several
companies, and inevitably, there are low points. Whenever I hit one, I
(I started in the oil patch). It comes
which, though out of print, can still be bought used. If the story
doesn't cheer you up, you are probably in the wrong line of work.