May, 2005

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What does Sarbanes-Oxley have to do with donuts?

BeyondVC

I had lunch with a friend of mine yesterday who is an officer with a public technology company. As we started discussing his business, one of the topics of conversation was Sarbanes Oxley. His company just went through an expensive Sarbox audit to get into compliance and while his company passed with flying colors on most of the important issues, his company failed the audit.

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Nickels and dimes don’t add up

BeyondVC

I recently helped negotiate an employment contract for a new hire at a portfolio company. It was clear from the very beginning that this new VP of Marketing was the right fit for the company and that the chemistry was there. Both sides were excited about moving forward until we got to the employment contract. In theory, we were in general agreement on salary range, bonus, etc. but what ended up scaring us was the fact that every issue, big or small, was negotiated to the nth degree.

Salary 60
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Fundraising is a distraction

BeyondVC

I was speaking with a friend yesterday who recently signed a term sheet to raise a Series B round. While he did not hit it out of the park with the valuation, it was a nice step-up none-the-less and would provide his company with the capital to move forward and stay ahead of its competition. He and I both fully acknowledged that he could have pushed the valuation higher if he spent time with more than two venture firms, but we both agreed that the right thing to do was take the money and build t