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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. million and my A Round in 2005 was only $500,000 (and that’s all I ever raised). The reality is that as a result of two major trends the costs of starting a technology startup went down massively.

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How to Avoid a Common Product Mistake Many Teams Make

Both Sides of the Table

We built our product at Koral in 2005 with this design philosophy in mind. Do actual usability testing and make sure to include users not from your ordinary circle of friends or similar cohort. What you assumed was “novice functionality” will likely be too hard.

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Beware of Ballers on a Budget

Both Sides of the Table

I still drive the same car I bought for cash in 2005. I was chatting with the finance guy and he was cycling through all the things he wanted to bait-and-switch me to and he asked if I wanted a lease in stead of a purchase. I told him I didn’t because we planned to keep the car for more than 3 years so it was more advantageous to buy.

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Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I first met Ethan in 2005. I am taking the lead from GRP and we also invested alongside a number of friends including Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, Jay Weintraub and a whole host of other angels.

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There’s Something Abuzz With GoodBuzz

YoungUpstarts

This would inspire him to start GoodBuzz in 2005, a free web-based peer-to-peer referral network that would allow artists, bands, associations, public organizations, event promoters and organizers to help promote each others’ events.

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Does the Size of a VC Fund Matter?

Both Sides of the Table

If a VC fund you’re talking to raised a fund in 2005 or early and hasn’t yet raised a new fund they certainly will be thinking about it and trying to figure out how and when to raise a fund. I know many great funds that haven’t yet raised their new fund but may still get there. GRP’s last fund was in 2000.

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

He’s been at it since 2005. I founded it in 2005 at the age of 37. I believe this is wrong. Let me start with a couple of stories. A friend of mine is a serial entrepreneur and is running a high-profile, early stage company in NorCal. We trade emails on the topic of entrepreneurship often. Fast forward to my second company.

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