Things to Read

I’m in an airport, and thought I’d share some links I found to be interesting while I’ve been waiting around: 1. Not Your Typical Tech Guy’s 2012 Wish List 2. The Big Picture on Free Online Classes at MIT 3. Barry Ritholtz: Get Ahead of the Forecaster Folly 4. Still Looking For A New Year’s Resolution? How About Learning To Code … 5. Those Awkwardly Placed Headshots Work: Wikimedia Foundation Raises $20 Million From 1 Million+ Donors 6. China Launches 3D TV Channel

Happy New Year

Happy new year!  Thanks to everyone who reads this blog, encouraged me to keep writing it, or provided feedback and comments on my posts throughout the past year. I’ve had much more fun with this site than I ever imagined when I first put it together last December. So thank you. I’ll be traveling for an MIT research project with my classmate, Paul Artiuch, for the next few weeks. Blogging will likely be less frequent, but if all goes to plan we’ll have some interesting observations and experiences to share. I might also experiment with using the blog as a medium to document and publicize some of our findings, but I’m still trying to work out how this would look. More on

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How to Value an Early-Stage Start-Up Company

I’m taking a class on early stage capital. It’s primarily focused on finding angel and venture funding for a start-up company, and structuring subsequent investment agreements. When a start-up receives funding, it’s pretty important to “know” what the start-up was worth before the funding was received. Otherwise there’s no way to determine what portion of the company is owned by the founders, and what portion now belongs to the new investors. Since most start-ups fail, and the one’s that are successful often blow through their financial projections, traditional discounted cash flow approaches are pretty meaningless. So how do you value an idea? I’ve always wondered about this. It’s a subjective process, but start-ups are valued often, so I knew there must be some

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