10 Key Insights on Startups from Brian Watson

David Cummings on Startups

Brian Watson, an associate at venture firm Union Square Ventures, just put up a great post called Post Money Evaluations about his two year experience working one of the tops firms in the country. Here are 10 key insights on startups from his post:

  1. VC is about story recognition. Remember the anecdotes (and how they’re resolved), because history often repeats itself.
  2. Raising money is a trade-off between valuation and control.
  3. Your reputation is everything. Only make an investment if you are committed for the long term.
  4. Operating a company is a balance between doing the right thing (strategy) and doing it right (execution).
  5. Good company culture is when the team feels accountable to each other, implicitly and explicitly.
  6. Being selective — doing less—keeps you focused.
  7. Once you have a core product, the goals should be growth, monetization, and happiness.
  8. When you’re interviewing someone, ask what they don’t/didn’t like…

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