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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

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The Co-Founder Mythology

Both Sides of the Table

I covered what I call “the co-founder mythology.&# Either you’re not technical and you think you need a technical co-founder or vice-versa. It is increasingly popular to have “founder dating&# or “startup weekend hackathons&# of some variety or the other. Hire your co-founder.

Cofounder 393
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The evolution of early stage investing in the UK

The Equity Kicker

We see this all the time at Forward Partners where we invest right from the idea stage and most of the companies get a first version of their product live for less than £30k (that generally includes founder salaries and time spent doing customer research). Entrepreneurs can now achieve an awful lot with very little money.

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5 Monumental Legal Mistakes Made By Startups

YoungUpstarts

If you are developing your startup with a partner or co-founder, failing to create a detailed business partnership can cause serious legal ramifications later. These include; The percentage of the company owned by each partner. Rights to buy back shares of co-founders if they decide to leave the company.

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Challenges and Opportunities for Europe’s Metaverse Market

ReadWriteStart

According to Rolf Illenberger, co-founder of VRdirect, a virtual reality platform in Munich, none of the big European tech companies are currently relevant to the future of the Metaverse. Even though Finland offers free and high-quality education, it cannot compete with Silicon Valley regarding salaries.

Finland 187
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Who are the Major Revenue-Based Investing VCs?

David Teten

RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Bigfoot Capital.

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Move Your Startup to Chile-con Valley, Get $40,000!

ReadWriteStart

On arrival, a government program called Start-Up Chile handed him $40,000, no equity required. In return, all Davis and his cofounders had to do was promise to spend six months in the country working on their startup, CruiseWise - an online travel agency for booking cruises - and engage with Chilean businesspeople.

Chile 158