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A hypothetical startup will get about $15,000 from family and friends, about $200,000 from an angel investor three months later, and about $2 Million from a VC another six months later. If all goes well. See how funding works in this infographic:
Is dilution bad? No, because your pie is getting bigger with each investment. But, yes, dilution is bad, because you are losing control of your company. So what should you do? Take investment only when it is necessary. Only take money from people you respect. (There are other ways, like buying shares back from employees or the public, but that is further down the road.)
Yahoo’s acquisition of Tumblr was not only a win for Tumblr’s investors and founders but for the New York tech scene as well. As before yesterday New York never had a billion dollar startup that was venture-backed.
CB Insights reports New York’s 10 Biggest Venture Capital Exits, as you can see below with Tumblr leading the way.
It will be interesting to see if other New York startups such as Foursquare, Meetup and Fab will join the list or billion dollar exit in years to come.
Next week kicks off the StartupMonthly‘s Smart$Money Executive Program in Silicon Valley November 12-15. The StartupMonthly Smart$Money Executive program informs, inspires, educates, and prepares business angels and venture capitalists for their future investments in IT startups. During the program, investors will share and learn about angel and VC investments, deal-structure, market trends, and the Silicon Valley ecosystem. Along with connecting to leading investors in Silicon Valley and visiting successful startups and companies such as Microsoft, Facebook, and Google. Also visiting accelerator programs such as 500 Startups.
I’m currently participating in Astia Angel Investor training and will be on the Angels Best Practices panel moderator by my good friend Robert Scoble on Tuesday during the Smart$Money Executive Program. Other panelist include Jeff Pulver, Zohar Levkovitz, Bill Reichart, Neal Strickberger, and Prashant Shah.
The event overall has a rock star VC/investor line up including Steve Blank, Vivek Wadhwa, Cathy Lego , Chris Yeh and more. Take a look