<body topmargin=0><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener("load", function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <iframe src="http://www.blogger.com/navbar.g?targetBlogID=1847318901978695218&amp;blogName=Nick+Holmes+a+Court&amp;publishMode=PUBLISH_MODE_HOSTED&amp;navbarType=BLUE&amp;layoutType=CLASSIC&amp;searchRoot=http://www.nickhac.com/search&amp;blogLocale=en&amp;homepageUrl=http://www.nickhac.com/&amp;vt=5069520967288021443" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" height="30px" width="100%" id="navbar-iframe" allowtransparency="true" title="Blogger Navigation and Search"></iframe> <div></div>

Sunday, August 15, 2010

Just had a listen through the YCombinator AngelConf 2010 Video, some interesting points..

  • Great companies come from the right founders, in the right industry, at the right time
  • Founders are more important than ideas or even markets (you can always change ideas/markets but its very hard to change founders)
  • Look for "ThunderLizards" - startups that are going to move very quickly
  • The market is small, don't advance yourself at someone else's expense, it will ultimately hurt you
  • The best deals have significant competition, be sure to add value not just money
  • Complex terms are a big turn off, Term sheet docs shouldn't be bigger than 1-2 pages
  • Convertible notes increasingly used instead of equity
  • Do the founders have a way of managing the departure of a team member so that your dont end up with a dead weight? (Ensure founders have vesting on their starting equity)


Watch live video from Y Combinator on Justin.tv

I recorded a bunch of them to MP3 for my blackberry, you can download them here

AngelConf by nickhac

Labels: , ,

Posted by Nick HaC @ 9:38 PM


1 Comments:
At August 17, 2010 9:40 AM, Anonymous Nic said...


Hey Nick, great blog, I saw some of your team joined GoGet - Buzz Numbers looks great and I love BuzzElection!
Best of luck - Nic from GoGet

 

Post a Comment

<< Home



Copyright 1998-2010 Nick Holmes a Court