Wednesday, January 3, 2007

New Year’s Resolutions from Alexis Lakes

My good friend Alexis Lakes, CFO of RWI Ventures, kicks off the new year right with some New Year's Resolutions over at peHUB.

Alexis is a new VC blogger, and this is a great post.

Topics included:

  • HIDING THE DILUTION
    Resolve to never lose sight of ownership percentage and expected terminal value of your investment.

  • GOING ON HOPING SYNDROME
    Resolve to be bigger than your ego and do the right thing by your investors with respect to under-performing companies.

  • TAKING OVER PAYMENTS STRATEGY
    Small Fry: Resolve not to be star struck by big firms wielding crappy deals in hopes of getting on their holiday party invite list.
    Player: Um. Gee. If you can find a sucker to delay a fire sale of your company - possibly buy it a lottery ticket chance of success, what can I say? More power to you, as your actions benefit the company and your investors. Of course, I couldn’t do your job, that is for sure. I need my sleep.

  • DELEGATION DISASTERS (DDs)
    Resolve to trust your partners and to be worthy of their trust.


Thanks Alexis! And... Happy New Year!

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