#043: VC Economics, Don't Compare Yourself To Others, Boulevard (vSaaS For Beauty Businesses)

One vSaaS breakdown. One biz story. One 'how to'. In your inbox once a week.

Oct 23, 2023

Understanding VC Economics

Very few entrepreneurs actually understand VC economics. You need to if you plan on raising money for your business. Alignment of interests is absolutely critical.

Here's the quick 101:

Power Law is crazy real in venture:

Illustrative Example #1:

Illustrative Example #1 (con):

Illustrative Example #1 (con):

Illustrative Example #2:

Illustrative Example #2 (con):

Illustrative Example #3:

Illustrative Example #3 (con):

This comes from a Mark Suster (Upfront VC) presentation I sat in 5+ years ago.

It helped me understand what "swing for the fences" really meant.

I hope it can help some of you as you decide whether or not venture is for your business...

One ‘How To’:

Don’t Compare Yourself To Others

2,000 years ago Julius Caesar entered a temple where a statue of Alexander the Great rested. He wept at the sight of his statue.

Why?

He felt he had not accomplished anything close to what Alexander the Great was able to achieve.

We're fascinating creatures aren't we?

No matter what we accomplish, no matter where we are in life, most of us still view others as being further ahead.

"Why am I not there yet?"

"What does he know that I don’t?"

"This isn’t fair!"

We forget to be CONTENT. We focus on what we HAVEN'T accomplished. You have to catch yourself when you begin to think this way.

Comparing yourself to others doesn't really do anything positive. You have to focus on you and your execution. Full stop.

We all are on our own journeys.

I think it’s important to focus on the moment and stop living in the future. I know thats much easier to say than to act on but I’m going to do my best.

I think most of us know what Caesar went on to achieve...

One Biz Story:

Boulevard: vSaaS for Beauty Businesses (Contrary)

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