Kevin Stevens

The Operations of Fundraising Part 1

Inspired by recent conversations with aspiring entrepreneurs and the questions they asked, I've been posting recently on topics that are useful during the fundraising process. I've covered storytelling as a tool to help others emotionally engage with the business and displaying empathy for users via a...

Kevin Stevens

Demonstrating Deep Customer Knowledge

This week, behavioral economist Richard Thaler won the Nobel Prize in Economics. Thaler is best known for his work for disproving the traditional assumption that people make completely rational economic choices. If you're a founder and not interested in behavioral economics, you should be.  A...

Kevin Stevens

Clarifying Your Meeting Intentions is a Win-Win-Win

Over the last 18-24 months, as we were working to evaluate the product-market fit of an early stage venture capital firm focused on emerging ecosystems, we met with several entrepreneurs. The goal was to gain insight into the strengths and weaknesses of their respective ecosystems...

Kevin Stevens

Why Convertible Notes Hinder Growth In Underserved Ecosystems

Recently, CrunchBase published a new case study on early-stage funding including the different types of deal structures, priced (equity) and unpriced (convertible notes or SAFES).  The post was a useful, if very high level, overview of the early-stage funding process.  However, due to this simplicity, the article...

Kevin Stevens

Accelerating the Texas Flywheel

Yesterday, Capital Factory CEO Joshua Baer announced a partnership with The Dallas Entrepreneur Center to bring Texas' biggest accelerator to Dallas.  In his post, The Texas Startup Manifesto, Baer proposed a "Texas startup Megatropolis" combining Austin, Dallas, Houston, and San Antonio. The vision is exciting and...

Kevin Stevens

Resources for Entrepreneurs

Since our work is primarily focused in areas where the startup ecosystems are just beginning to grow, we often get questions that have been answered by more veteran investors or founders in more established markets.  Inspired by John Gannon's blog and instead of finding them...

Kevin Stevens

Imitation is the Sincerest Form of Flattery, Unless You’re Filing an IPO

It was revealed last week that Facebook is experimenting and planning the wide release of a stories feature similar to Snapchat. Haven’t we been here before?  But count me out amongst the many who criticize Facebook for it’s lack of creativity and imagination. Snapchat's IPO roadshow will...

Kevin Stevens

Non-Tech Firms Changing Startup Business Models

A few days ago Hunter Walk (quickly becoming one of my favorite VC blogs to read) posted a blog on the new reality that is non-tech firms being more frequent acquirers of startups than tech companies. Yesterday, CB Insights did the same putting the spotlight on several...