Another Texas VC

Navigating the Texas Entrepreneurial and Funding World

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Entries from February 2009

Just Say No to Service Revenue

February 27th, 2009 · 1 Comment

I come across a lot of profitable, well run, consulting outfits that make a handsome living for their founders. The founders seem very happy, and are rightly proud of the work that they are doing. As great as these businesses are, they are seldom Venture fundable.Service based businesses are built on paying someone a salary, [...]

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Tags: Venture Capital

Customer Orientation

February 26th, 2009 · 1 Comment

One of the things I look for in every startup I evaluate is customer orientation. I want to make sure that the entrepreneur has fully thought through the customer use-case and understands the implications of their product on a customer. I bring this up because I am stunned by how bad airlines are at this. [...]

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Tags: Venture Capital

Facebook Applications

February 21st, 2009 · No Comments

I spent last night at the Facebook Developer Garage event in Chicago, learning about more Facebook apps than I will ever be able to mention in this blog. Developing Facebook apps seems like a great first step for an entrepreneur in college, but outside of some notable freemium exceptions, I haven’t really seen a compelling [...]

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Tags: Venture Capital