When to Quit Your Startup vs Never Give Up!

When to Quit Your Startup vs Never Give Up!

About 13 years ago I attended a party in London with the theme “Never Give Up!” It was organized by an angel investor buddy of mine from the Silicon Valley who is a true round-the-world ticket traveler with entrepreneur networks everywhere. It was a bunch of entrepreneurs that got together on a Saturday night to get loaded, share their challenges and motivate each other to “never give up” with their startups regardless of hard times. It was a big party and I don’t remember meeting any entrepreneurs that I thought were “VC fundable” that night. I had a good time, but I recall saying to my wife as we walked out of there that those entrepreneurs are more serial killers than serial entrepreneurs. I think it is an important thing for founders and junior cofounders to consider when it is the right time to give up, quit that startup and move on. Most startups fail, because they run out of cash. When the startup is generating cash from customers or investors it becomes more complex for the founder to lift her head up from the ball and look at the entire playing field and think. I live in the Silicon Valley and commute most days to our office in San Francisco and I think that being at the very far west end of western civilization means that most of us are separated from our parents and family. Being far away from these conservative forces like your Jewish mother telling you to quit that startup and take a job at an accounting firm like your brother is part of the secrete...
Amsterdam Feb 5th VC – Entrepreneur Event

Amsterdam Feb 5th VC – Entrepreneur Event

Join me in Amsterdam Feb 5th 18h30 at www.B-Amsterdam.nl for…http://vc-nl.eventbrite.com The Future of Venture Capital A Workshop for Angel Investors, Venture Capitalists, Family Offices & Entrepreneurs REGISTER HERE FOR FREE USING PROMO CODE “RUBICON”: http://vc-nl.eventbrite.com Early stage investing is undergoing a renaissance. The lines between seed and series A are blurring as the cost of launching new startups has decreased (and is increasing for some). Learn of new models, strategies and platforms for VCs and angel investors to collaborate to invest in early stage companies from seed to IPO. Learn how angels can invest small amounts of capital in Series A, B, C, D and later financing rounds typically only available to VCs and other institutional investors. Learn how VCs can harness the power of angel and family office networks and most effectively invest in early stage seed rounds of startups while keeping a focus on Series A and beyond building successful, scalable venture portfolios that are just as innovative as the companies they finance. Welcome remarks by Ricardo van Loenen, cofounder of B. Amsterdam, the largest co-working space in Amsterdam. Agenda 18:30: Registration, beer, wine, softdrinks & networking 19:00: Presentation followed by Questions & Answers 20:00: Wine, beer, softdrinks & networking 21:00: Event close Andrew Romans, General Partner, Rubicon Venture Capital & Author of THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game Andrew Romans is the author of the acclaimed McGraw Hill published book THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game which brings together stories and wisdom from over 40 VCs. Now availalbe in Chineseand Russian...
About our name – Rubicon – In 49 BC Julius Caesar

About our name – Rubicon – In 49 BC Julius Caesar

In 49 BC Julius Caesar took a risk and crossed the Rubicon River with his army violating Roman law, which stated that no head of troops could command an army inside of Italy. The Rubicon was the border between Gaul and Italy. Caesar at the head of a single, but loyal legion successfully crossed the Rubicon and took command of Rome. As he crossed the river Caesar uttered the famous words “alea iacta est” – the die is cast – symbolizing passing the point of no return. At Rubicon Venture Capital we began by grouping our own army of successful entrepreneurs, angel investors, venture capitalists, lawyers, bankers, headhunters, senior executives at technology titans and other important members of the venture capital entrepreneurial ecosystem. These successful executives invested their own money into our venture capital fund and they do not like to lose. As such we add value as a group to our portfolio companies. Beyond these very important operational investors we raise additional capital from institutional investors adding to the base of capital we can deploy to support technology startups. This powerful and diverse network generates a unique supply of high quality deal flow. After we invest from our VC fund we typically open what we call “sidecar funds” giving our LPs the option to invest additional capital on a deal-by-deal basis. Utilizing this unique approach enables Rubicon to provide additional capital and support from individual investors via sidecar funds that add strategic value to our startups ensuring their own investments do well. We invest and support companies that, like Julius Caesar, think big, address large markets, have assembled...
The Future of Venture Capital – London

The Future of Venture Capital – London

As part of the book tour for The Entrepreneurial Bible to Venture Capital and meetings with investors and top entrepreneurs we are heading to Stockholm and London. Meet Joshua Siegel and Andrew Romans, General Partners at Rubicon Venture Capital, in London June 7 – 13, 2014 and Stockholm June 3 – 6. We are organizing two events and holding 1:1 meetings with investors and entrepreneurs. The Future of Angel & Venture Capital Investing – June 9 – London The Future of Raising Angel & Venture Capital Funding – June 11 – London Two events in London and 1:1 meetings with investors & entrepreneurs June 7 to 13 Both investing and raising VC funding is changing rapidly. Learn about the future of venture capital while networking directly with the leaders in the game. Join an investor-only event Monday evening June 9, 2014 for an investing workshop designed for angel, venture capital, family office, fund of funds, pension fund, endowment and other investors in startups and venture capital funds whilst enjoying an exclusive networking reception on Taylor Wessing’s terrace with top views of the city. We will arrange “office hours” for VCs to meet LP investors starting at 4 pm. Join entrepreneurs, angels and VCs Wednesday evening June 11, 2014 at Startupbootcamp and gain insight raising angel and VC funding from active venture capitalists including Andrew Romans, Silicon Valley-based author of the McGraw Hill published book – THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game  (link to buy on US Amazon where most the reviews are) and New York-based Joshua Siegel both from Rubicon Venture Capital...
The Future of Venture Capital – Stockholm

The Future of Venture Capital – Stockholm

As part of the book tour for The Entrepreneurial Bible to Venture Capital we are heading to Stockholm and London. Meet Joshua Siegel and Andrew Romans, General Partners at Rubicon Venture Capital, in Stockholm Sweden June 3 – 6, 2014. We are organizing two events and holding 1:1 meetings with investors and entrepreneurs. The Future of Raising Angel & Venture Capital Funding – June 3 The Future of Angel & Venture Capital Investing – June 4 Both investing and raising VC funding is changing rapidly. Learn about the future of venture capital while networking directly with the leaders in the game. Join leading Scandinavian venture capitalists Tuesday evening June 3, 2014 at Start-Up People of Sweden (SUP46). Gain insight into VC investing from Silicon Valley to Stockholm from active venture capitalists including Andrew Romans, Silicon Valley-based author of the McGraw Hill published book – THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game and New York-based Joshua Siegel both from Rubicon Venture Capital (formerly Georgetown Angels). Join us again Wednesday afternoon June 4, 2014 at DLA Nordic. This investing workshop event is designed for angel, venture capital, family office, fund of funds, pension fund, endowment and other investors in startups and venture capital funds. Learn about the future of angel and venture capital investing and network with investors in the VC asset class while meeting directly with the most active VCs in Scandinavia. This second event is for accredited and institutional investors only. Our first event is for everyone in the startup ecosystem. Venture Capital Panel moderated by Andrew Romans. Andrew Romans, General Partner, Rubicon Venture Capital Hans Otterling, General Partner, Northzone Staffan Helgesson, General Partner, Creandum Per Roman, cofounder & Managing Partner,  GP Bullhound & Sidecar Fund Kerstin Cooley,...
Meet Dave McClure of 500Startups @Georgetown Angels during SxSW March 10

Meet Dave McClure of 500Startups @Georgetown Angels during SxSW March 10

What: Meet Dave McClure and 3 winning startups in an intimate setting during SxSW at Georgetown Angels’ Investor Event When: Monday, March 10, 2014 from 6 – 9 pm during SxSW Where: DLA PIPER, 401 Congress Ave , 25th Floor, Austin, TX 78701 Register: Eventbrite (Delegates MUST register and be on the list to attend. Accredited investors only! General pubic is welcome to attend our event at Capital Factory March 8th during SxSW which has an all-star VC panel and 9 startup pitches, beer, wine, food and networking.) Fireside chat with Dave McClure interviewed by Andrew Romans Twitter: @davemcclure Twitter: @romansventures Network with Angels, VCs and 3 winning startups Pitches from 3 startups selected from our March 8th event at Capital Factory. Learn about Georgetown Angels VC Fund Networking Reception with wine, beer & food Register: Eventbrite Call us if you want to meet in Austin Saturday to...