http://www.bootstrappersbreakfast.com/blog/2008/10/29/altos-ventures-bootstrapper-perspective-on-sequoias-good-times-rip/ Join Other Entrepreneurs Who Eat Problems For Breakfast Fri, 12 Mar 2010 07:07:42 +0000 http://wordpress.org/?v=2.0.3 http://www.bootstrappersbreakfast.com/blog/2008/10/29/altos-ventures-bootstrapper-perspective-on-sequoias-good-times-rip/#comment-2066 Sat, 15 Nov 2008 07:49:05 +0000 http://www.bootstrappersbreakfast.com/blog/2008/10/29/altos-ventures-bootstrapper-perspective-on-sequoias-good-times-rip/#comment-2066 [...] I think it’s unfortunate but a lot of what’s written about Silicon Valley entrepreneurship is actually part of a sales pitch or positioning for the venture ecosystem. There is a lot of advice that’s designed to encourage the entrepreneur to start negotiations with an attorney or a VC in a very poor position. The Venture Hacks blog is a notable counter example: their posts on term sheet negotiations are delightfully practical and lately they have provided some excellent advice on bootstrapping and customer development. But many articles and blog posts are designed to convince an entrepreneur to seek early validation from a VC firm instead of a customer, or lately to take a worse deal because “Good Times RIP” (or maybe not.) [...] […] I think it’s unfortunate but a lot of what’s written about Silicon Valley entrepreneurship is actually part of a sales pitch or positioning for the venture ecosystem. There is a lot of advice that’s designed to encourage the entrepreneur to start negotiations with an attorney or a VC in a very poor position. The Venture Hacks blog is a notable counter example: their posts on term sheet negotiations are delightfully practical and lately they have provided some excellent advice on bootstrapping and customer development. But many articles and blog posts are designed to convince an entrepreneur to seek early validation from a VC firm instead of a customer, or lately to take a worse deal because “Good Times RIP” (or maybe not.) […]

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