Sublime

Startup founders often sell too early, leaving money on the table. VCs often force founders to hold out and swing for the fences, risking blowing up companies and locking in gains. We angel investors are generally along for the ride. The good news is that our industry has figured out this divergence of interest and has come up with an effective way

I have a very simple rule of startups that is cleverly called Jason’s Rule of Startups: “If a startup isn’t sending you monthly investor updates, it’s going out of business.” It’s critical that founders keep their investors updated, but as we’ve discussed, things are such a mess at early-stage startups, where resources are scarce and competition is

1. What are you working on?

For all ten of the startups you select, you need to write a “deal memo” explaining why you’re investing, what you think the risks are, and what you think has to go right for the startup to return money on your investment. You will review these deal memos every time the startup raises a new round of funding so that you can test if your original thes