Category archives: Startup Life
When we started in the PhD program in Computer Science at Stanford, Prof. Rajeev Motwani, who was the “default PhD advisor” for all incoming PhD students told us that our only priority should be to find a research topic that we care about. In fact, Prof. Motwani was so adamant that this was the […]Read more
Last fall, Joe Beninato interviewed K9 Ventures founder and Chief Firestarter, Manu Kumar, on his weekly webcast FounderLine Manu talks about the history of K9 Ventures including the origin of the firm’s name. Joe and Manu also talk about K9 Ventures’ investment focus (hint: new technology/new market), investment stage (hint: frighteningly early), teams (hint: need a […]Read more
If I had a hammer,I’d hammer in the morningI’d hammer in the evening,All over this land. So goes The Hammer Song by Pete Seeger and Lee Hays. Well, most VCs have just one tool in their toolbox. And yes, they use the tool to hammer in the morning and hammer in the evening. That tool […]Read more
The seed round happens on hope. The Series A happens on a combination of hope and numbers. And the Series B and beyond, happen largely based on numbers.Read more
Put simply: “What happens in Silicon Valley, simply doesn’t happen anywhere else,” and, “If you want to be an actor move to Hollywood.”Read more
My recommendation is that founders should consider selling between 5%-10% of their stake once a company gets to a high-priced Series B or a Series C.Read more
The idea is the seed. It is the kernel that is the start of something new.
Ideas are powerful because they invade the mind. Once you are introduced to an idea, you cannot get it out of your head.
Ideas are what provide that little twist of ingenuity that can make or break a company.
Sometimes ideas are not revolutionary, but they get the ball rolling and without them, that wouldn’t happened. The best ideas are often simple ones. Maybe that is what a revolutionary idea is — an idea so simple that it sparks a revolution.
If you are a tech startup, where the technology is your business and not just supporting your business, then you shouldn’t be relying on any outsourcing, contracting, or distributed teams for developing your core product. I believe that the chance of success of a team is an order of magnitude higher when the entire team is local, in one room and working closely with each other. Bottom line: “When you stick a couple of smart people in a room together good things happen”Read more
The story of Modista.com — a young startup that was forced to shutdown before it even really got going because of a patent infringement lawsuit by Like.com.Read more
Here are the slides from a talk I gave at a Carnegie Mellon Alumni event in the Bay Area today. #20tweets is tweet-sized advice for founders of tech startups. In the presentation I went into more detail and provided some rationale/anecdotes behind these tweets. For now, here are just the tweets: #20tweets by @manukumar View […]Read more
In the past few days there has been a lot of discussion on the topic of a Founders Visa. The credit for starting this fire goes to Paul Graham from Y Combinator, who wrote a great essay titled The Founders Visa in April 2009. Brad Feld (Brad is an advisor to K9) from the Foundry Group was instrumental in keeping the flame alive by […]Read more
Yesterday, while attending TechCrunch50, I tweeted some tips for the companies presenting at the conference and those participating in the demo pit. By popular demand, I’m aggregating these tweets in a blog post:Read more
Ever since I found the blog Startup Company Lawyer, I’ve had a high regard for its author, Yokum Taku, a partner at Wilson Sonsini Goodrich & Rosati. Yokum’s posts are always chock-full-of-good-information. His most recent post was on the topic of When do I need to incorporate a company? I’ve spent some time thinking about this before, and, in […]Read more
It was 2:00 AM and I was still sitting in ‘The Cave’ — the name we affectionately gave to the cubicles in the bowels of Wean Hall at Carnegie Mellon. It was called ‘The Cave’ because it’s all under ground, with no natural light portals whatsoever. The cave was kinda like Vegas — once […]Read more
I’ll start by admitting up front that the purpose of this post is to hopefully incite a discussion, to start a fire, and to get you, and your startup to think really hard about what your business model should be. The title for this post ‘The Case Against FREE’ is a throwback to Chris Anderson‘s cover […]Read more
Ultimately doing a startup is about passion and perseverance. It is an experience of a lifetime that cannot be replicated in any other setting. No educational program can even come close to what you learn in doing your own startup. And regardless of whether you succeed or you fail, know one can take that experience and that learning away from you. That is your true gift.Read more