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VC Jeff Clavier: Founders, don't make money, take ours! [Silicon Valley Users Guide]
Source: Valleywag
Mar 06, 2008


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Summary

Palo Alto-based venture capitalist Jeff Clavier wants startup founders to stop trying to make money. Why? Because when founders start pulling in around $300,000 a month, they start to think they don't need VC. Which is correct. And bad for business. So here's a refresher on what Clavier and other VCs would prefer they do.

  1. Ignore revenue.
  2. Run out of cash.
  3. Ask VC for cash in exchange for large handfuls of equity.
  4. Ignore revenue more. Run out of cash, again.
  5. Shovel equity in VC's direction, asking for more cash.
  6. Repeat steps 1 through 5.
  7. Accept VC-picked board members.
  8. Stop ignoring revenue.
  9. Sell to VC's friends at Google.
  10. Don't let door hit you on the way out.








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