Andy on Twitter

  • Great read - love that is smashes the rampant ageism and myth of youth ... Alan Patricof: An Ageless VC Makes a Spl… ,
  • Some of the best music you'll ever listen too... stacked-up and ready to stream ,
  • Warm up for the Sydney to Hobart. ,
  • The power of brand influencers - interesting read. Interested in views on their methodology - might work for US mar… ,
  • Very clever... A Microsoft Excel Artist ,
  • While the problem underlying M&A integration is big, Material Information Platforms implemented pre-transaction wil… ,
  • Wow... t/sheets acquired by Intuit ,
  • Way to start the morning. Beautiful Balmoral.. Balmoral Sailing Club ,
  • Bank inquiry puts global investment at risk: Westpac's David Lindberg.. spot on ,
  • Why are taxi apps so appalling. Slow, lousy interface, freeze... hopeless attempt to satisfy customers and so easily fixed,
  • should give us the option of only accepting drivers who aren’t on a job. Stop “forcing” drivers to take a job while on a job. ,
  • National looks more desperate every day. NZ is lucky to have a leader with this much experience. ,
  • Dennis clearly doesn’t understand that a BYO challenge for the last AC was well past 200m. Unless you sailed Oracle… ,
  • And that’s the point - Amazon is a boost to SMBs and entrepreneurs locked out by big retail. And so much for big br… ,
  • Little evidence in here of impact in meetings but suspect the same applies. Laptops Are Great. But Not During a Lec… ,
  • Connect

Choose Thrift…

There is a clear impression among NZ entrepreneurs that Silicon Valley-based start-ups get big cash from VCs and spend like crazy. Reality couldn’t be more different. The WSJ this morning throws light on prevailing the “thrift” is good mentality.

VC Funding.jpg

Some great quotes throughout:

“Cash is queen these days,” says Mr. Thomas, who estimates Sharpcast can last another two years even if it doesn’t produce any revenue. “Fiscal discipline is harder to teach later in the life of a company, and we want to be the last guy standing.”

“Indeed, while tech start-ups are raising less funding these days — an average of $8 million each time, down from $11 million in 2000 — they are making the money last longer. According to research firm VentureOne, tech start-ups in Silicon Valley now survive an average of 17 months on a single round of funding before needing to raise more money, up from just 10 months in 2000. (VentureOne is a unit of Dow Jones & Co., publisher of this newspaper.)”

Speak Up — Add Your Thoughts

Connections

  • Connect
How did you connect?   [?]