Ev, as always, very thoughtful, sincere, and brutally honest to the original goal. The people who are leaving are rare talents, and I hope they look fondly upon their time at Medium. Bravo for accomplishing such a difficult challenge with such grace.
I hear you. I considered not writing this at all because of that. But I tried to stress the fact that in Jelly’s case, Ben and I had that outlier “rare case.” But, I work with several startups that struggle to raise money as well as do some investing in startups so I felt I had some useful tips.
I did fund Jelly at first to see where it would lead. When we knew we were going to build a company, a service, and a business we took venture capital. The reason for not self-funding is that you don’t get the advantage of pushback from your investors and board. If you have deep enough pockets and self-fund, then your power is not checked. I think it’s important to have that helpful pushback.
Josh is right. At my partner meeting with Greylock I began by holding up a one square inch piece of torn paper and said, “I’ve come prepared.” It had one word reminders of everything I wanted to say.
In any presentation, a deck should just be illustrations that make your story more colorful. You should be able to tell a…