And Sam Angus of Fenwick & West is making sure it isn’t.
I give kudos to Sam’s list, which includes:
1) Guarding your intellectual property
2) Finding good partners
3) Taking care with the distribution of equity
4) Timing your rounds, and choosing your capital sources, carefully
5) Not going your raise alone
6) Building a good board
7) Worrying less about valuation
Never forget – execution comes first, and all of Sam’s recommendations thoughfully respect the idea that the deal alone is not going to make your company work. The points above should be easy to manage, yet entrepreneurs allow it to take up too much of their time, and mind. Those energies are better directed towards bring ideas to fruition.