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Your Money or Your Life: 6 Rules September 2011
Who is this Guy? 2 ,[object Object]
Startups: PointCast, When.com
Austin Ventures, Madrona Venture Group
Microsoft
Optify,[object Object]
VC Rule #1: The Most Important Day Entrepreneur: The day you release your product / service VC: The day you run out of money (OOC)  Page 4
VC Rule #2: Swing for the Fences Entrepreneur: All your eggs in one basket VC: Lots of eggs, lots of baskets  Page 5
VC Rule #3: Scale Up Entrepreneur: When you’re ready (Lean Startup) VC: When you have the money  Page 6
VC Rule #4: Return on Investment Entrepreneur: Set for life VC: “You can’t eat IRR”  Page 7
VC Rule #5: Liquidity Entrepreneur: As soon as possible VC:When we say so  Page 8
VC Rule #6: Companies ,[object Object]

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Brian Goffman StartupDay 2011 Speech

  • 1. Your Money or Your Life: 6 Rules September 2011
  • 2.
  • 6.
  • 7. VC Rule #1: The Most Important Day Entrepreneur: The day you release your product / service VC: The day you run out of money (OOC) Page 4
  • 8. VC Rule #2: Swing for the Fences Entrepreneur: All your eggs in one basket VC: Lots of eggs, lots of baskets Page 5
  • 9. VC Rule #3: Scale Up Entrepreneur: When you’re ready (Lean Startup) VC: When you have the money Page 6
  • 10. VC Rule #4: Return on Investment Entrepreneur: Set for life VC: “You can’t eat IRR” Page 7
  • 11. VC Rule #5: Liquidity Entrepreneur: As soon as possible VC:When we say so Page 8
  • 12.
  • 13. VC: Return on investment Page 9
  • 14. Raising Money = Long Term Relationship Page 10
  • 15. Words of Wisdom “What’s the use of happiness? It can’t buy you money!” -Henny Youngman “Speed is irrelevant if you are going in the wrong direction.” -M Ghandi Page 11
  • 16. Brian Goffman, CEO & Co-Founderbrian@optify.net Page 12