Series A funding advice

When two of the VCs I’m following refer to a blogpost at the same time it must be a good read. It’s a post about raising a series A for a fintech startup eShares and it contains some valuable advice generally applicable to the fundraising process as well as a copy of the pitch deck. 

The investors who won’t invest will ask you why they should. The investors who will invest ask you why they shouldn’t.

If you don’t feel the excitement already before the meeting you’re likely not talking to your next investor. 

Unless you have business that fits in a spreadsheet, avoid investors who think you should.

European investors in general still have a higher tendency to ask for a financial forecast but if you’re truly talking to an early stage investor it shouldn’t matter. Have your numbers ready though, you better be prepared. 

Go read the full post here, it’s insightful. 

The two VCs are Fred Wilson and Brad Feld


Close to home

We’ve been exploring nature in the Den Bosch region and another really nice area is the nature reserve with an old railway bridge “de Moerputten”. The combination of the bridge, together with the swamp area, which reminded me of hotter and more humid places than the Netherlands (holiday!) made it special. As you can see in the pictures, it was spring time!!

More info can be found on wikipedia.

Connected Business Innovation

The evolution of phone calls

This weekend I’ve experience the evolution of phone calls… Whatsapp calling. Although I’ve placed numerous VoIP calls (Skype, SIP etc) before, I believe Whatsapp is changing the game dramatically. With over 800 million users as of this month, no additional installs and a feature that just works it’s a matter of time before it will impact the voice minutes business of carriers just like it did to sms text messages years ago.

It’s not a revolution but an evolution and it will take one to two years but carriers that rely on minutes for the majority of their current revenue (especially when these are roaming minutes) better prepare. You’re becoming a mobile ISP, a homogenous service provider and that’s it. #innovate or watch your margins carefully!

Connected Business Innovation, Entrepreneurship, Startups

The business model of the cloud age

Yesterday TNW posted a video of their TNW Conference of 2012 of Phil Libin. Nice talk with an interesting insight on the three business models of the various ages:

  • Industrial age > perceived value decreases over time > transactional revenue model
  • Information age > perceived value remains constant over time > subscription / advertising revenue model
  • Cloud age > perceived value increases over time > Freemium revenue model

The key is to synchronize monetization to the point of greatest perceived value.

Interested? Watch the video starting at 21:50 at TNW.

Personal, Photography

Spring is bringing it all to life

New life is popping up all around! Enjoyed a great weekend with a hike in the neighbourhood “Oisterwijkse Bossen en Vennen (in Dutch)”. Tried out my macro lens for the first time.