Eric Paley of Founder Collective recently argued in TechCrunch that “VC kills more startups than slow customer adoption, technical debt and co-founder infighting—combined.” His argument is essentially that VCs, lured by the sirens’ song of hyper-growth, back numerous companies with business models that aren’t ready to...

1) Sustained Innovation = Sustained Relevance This may seem like an incredibly obvious point: If you’re a company, you should be defining an innovation strategy. Most startups understand this concept all too well; it’s the older companies that have more reason for concern. Perhaps your business has...

While reviewing a co-investor’s bio on his fund’s website, I came across his list of “20 Words That Describe Me.” Topping that list was the word “patient.” I read this and paused, contemplating patience in the context of an early-stage venture investor. People often assume...

Last year, one of my former Bain colleagues wrote an article for Harvard Business Review titled “Professionalize a Startup Without Stifling It.” The piece struck a responsive chord for me, and I thought it might for many of you. The author, James Allen, describes a situation...

The Google search history of many earlier-stage companies likely includes this phrase: “how to raise venture capital.” While there’s certainly no shortage of relevant information on the internet, it can be daunting to create a sound strategy based on self-conducted research. Based on many conversations...