Venture Capital

May the next Etsy learn its lessons

Venture capital taught Etsy that making money wasn’t a skill it needed to learn early on. Go on…

Trickle-down workaholism in startups

If you want to understand why so many startups become infected with unhealthy work habits, or…

Venture capital is going to murder Medium

It’s a crying shame, really. I love Medium. It’s the best writing environment on the…

The liquidity what if? Our alternative to employee options/equity grants

Employees can still benefit from a sale or liquidity event without offering equity or options. Here’s how we do it.

How we put together a simple deal to spin off Know Your Company

It’s easy until you make it…

How much is Basecamp worth? I don’t know and I don’t care.

I was recently speaking to a class at a local university and the topic of valuations came up. One student asked me what our valuation was. I gave her the honest answer: I haven’t a clue.