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What NOT to Do in an Economic Downturn

There’s little question—the financial markets in 2008 have been scary. The stock market has fallen sharply; giant, well-known companies have gone under; banks have failed; supposedly safe bonds have lost value; and the government has intervened like never before. These unprecedented events have scared millions of investors. This fear has led to panic. If, however, you’ve been prudent, you’re resisting the urge to act rashly. Today I’m going to focus on things NOT to do right now.

venture capital, venture capital

How VC Math Works: A Founder’s Guide To The Power Law And Outsized Returns

Venture capital is a high-risk, high-reward financial model built on the Power Law, where outsized returns from a single "unicorn" startup pay for the failures of the rest of the portfolio. To secure funding, founders must prove their business can scale to return the entire value of the fund

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