Recently, I’ve been digging deep into the piles of accumulated cruft at the office.
It’s now five years since we started the company, and during that time we’ve been
through a lot of ups and downs. In particular, I found lots of documents relating
to the business side of running a software company. Reading through all different
VC presentations, legal documents and financial calculation, I got struck with a sort
of nostalgia-mixed-with-horror. Most of the time, it was not fun to be a venture capital
So today I read Tim Bray’s ”Bouncing
Termsheets”, which, apart from being a refresher/primer on venture capital concepts,
also tells the very refreshing story of seasoned entrepreneurs standing up to the
VC’s unreasonable demands.