investing

Stages of early stage tech investing

How much to raise and what stage your company is at is a constant question asked by founders and investors alike. Describing the stages of tech investing is my attempt to categorize what I am seeing in the market today. For any new business, traction will trump everything, with lots of customers using the product on a daily or monthly basis being a great indicator. There are many “it depends” for these stages and dollar amounts, and they also reflect common numbers in Vancouver / Canada. For example, a business model that focuses on Enterprise sales is going to need...

Ship Your First Version (Fail Money)

If you’re not embarrassed when you ship your first version you waited too long. Matt Mullenweg I had a great off-the-mic talk with Eric Woodward. We’re really aimed at the same thing, just that I try and encourage people in public and crush their dreams in private. Eric is right about fast follow / barrier to entry, but I think this tension of shipping quickly and iterating is still important. I remember a time when Leonard Brody suggested getting a bunch of engineers together in a room and coming out 18 months later. This was, of course, something like 5...