By guest authors Irina Patterson and Candice Arnold Saad: I spend a significant portion of my life meeting with entrepreneurs either one at a time or, in some cases, we’re out there a lot judging business plan competitions and meeting people at conferences and events. So, in some cases, we’re meeting many more than one
By guest authors Irina Patterson and Candice Arnold Heather: Sometimes, [I would say to entrepreneurs] “I’m interested. Here’s what I’d be willing to bite off, but here’s what I think I need to see you put in place first.” And then, probably, ten – believe it or not – never call me back, which is
By guest authors Irina Patterson and Candice Arnold Saad: Our office is based in San Francisco, but from an international perspective, what we’ve done is partner with a couple of other venture funds that we trusted in different regions. For instance, we were an LP (limited partner) in a fund in Europe called Hasso Plattner
By guest authors Irina Patterson and Candice Arnold Heather: When we hold on to an investment – and this is something that the venture capital industry is really getting its head around today – for a very long time, we really need that multiple to be very high at the exit in order to make
By guest authors Irina Patterson and Candice Arnold This is the forty-sixth interview in our series on financing for entrepreneurs. I am talking to Saad Khan, partner at CMEA Capital, a San Francisco–based venture firm. His focus is seed investing in early stage tech entrepreneurs. Irina: Hi, Saad. Why don’t you briefly start with your
By guest authors Irina Patterson and Candice Arnold Heather: For the market size, there’s no real minimum because minimums are going to depend on whether the success of the business is based on traction and customer leads and hits or whether the success of the business is based on profitability. That affects what your minimum
By guest authors Irina Patterson and Candice Arnold Irina: Do you charge entrepreneurs a fee for mentoring them? Heather: No. We don’t charge for entrepreneurs to be mentored. We do struggle. Just like everyone, we have limited bandwidth, so we highly encourage people to get involved with multiple mentors, even if you only get 30
By guest authors Irina Patterson and Candice Arnold Irina: Where do you think entrepreneurs could acquire business skills for building and developing their companies? Jim: There are lots of organizations. I’m in the Philadelphia area, and the purpose of many organizations here, universities and incubators that run entrepreneurship courses, is to try to help people