The VC

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The CREAM* principle

•   Are you an entrepreuneur or a small company? Well, without cash you are nothing! But beware of burning your cash when you have it!

• 9:06 PM Mar 7th

*Cash Rules Everything Around Me

...And exit 2nd mortgage to fund startup

• Interest and risk is truly related, often banks aren't allowed to loan at the rate they would like to... enter Venture Capitalist.

9:08 PM Mar 7th

Exponential = really high

• VCs are more likely to invest in markets with exponential growth rates

• 9:31 PM Mar 7th

Turn towards California and prey

• Silicon Valley - the Mecca of Venture Capitalism.

• 9:26 PM Mar 7th

“I pity the fool who has no explicit exit strategy”

• "VC's prefer A-teams with second class ideas than B-teams with first class ideas - it is all about execution”

• 9:37 PM Mar 7th

Why couldn’t Zimmerman be that brief?

• Decision management should be separated from control.

#MCF104:59 AM Mar 3rd

They probably have an I-phone app that does it

• The VC must address information asymmetry (adv. selection, moral hazard), slack and general risk (market, tech, team, etc.).

• #MCF1010:58 PM Mar 7th

They’re watching you (but they’d rather not)

• Lack of trust = huge monitoring costs

4:57 AM Mar 3rd

Two words: Bernie Madoff

• Due diligence must not be underestimated. Thoroughly investigate the opportunity before investing anything.

• 11:01 PM Mar 7th

Closer to 20 if you open with a joke*

•   VCs usually own a minority stake, around 20-40 percent.

• 11:06 PM Mar 7th

*the inappropriate kind

Moments of Zen• People will always act to the benefit of their own interests, our teacher included.

5:55 AM Mar 3rd

  PMS should have a mix of subjective and objective measures

5:02 AM Mar 3rd

Should one slide be limited to 140 characters?

6:34 AM Mar 3rd

Always good opening with a joke!

10:42 PM Mar 7th

NOPAT & Co won't be discussed much at the exam.. - a little "ahh" goes through class

9:36 PM Mar 9th

Reality can be a bitch

11:11 PM Mar 9th