David is a General Partner at August Capital. Prior to joining August Capital, David was an intellectual property and corporate attorney at Venture Law Group and Perkins Coie. He holds an AB in Computer Music from Stanford University, an M.Phil in Criminology from Cambridge University and a JD from Harvard Law School. David is currently a lecturer at Stanford’s Graduate School of Business, where he teaches intellectual property, & the Harvard Law School, where he teaches entrepreneurship & venture capital.
"The investors who are excited about what you're doing will give you a ring and they will probably do so pretty quickly."
"Great investors do not view failed businesses as a failure. They view failed businesses as an opportunity to learn and be thoughtful."
"Money is just a tool. It's just the thing that helps facilitate all the things you've wanted to do with your business but you didn't have the capactiy to."
"I can think of fewer things I hate more than the slide that tells me the ways in which your company is going to get acquired."
"Find the things that are engaging to you, find the problems that you see in the world and try to go fix them."
"Investors are partners in building your business and you need to find people who you really want to work with."
"You better mean it, because it's really hard and you're going to spend a lot of time running into walls."
"If you think to yourself 'If I took a million dollars would my business be a million dollars more valuable?' If the answer is yes, then maybe that's reasonable th... [More >>]
"Investors are not looking for direction on how to do their job, they are looking for help in understanding your business."
"You need advisors that know what it takes to build a startup"
"You have to convince people to do things that they should really not be doing. That's from raising money to convincing people to join your company."
"Each solution has its own natural storytelling ability. You should focus on the value of that problem and the value of that solution."
"If you can tell that story in a single page, you're going to get money. You'll probably get my money."
"It's about capturing someone's excitement and attention and then if they ask the next question, great, feel free to answer. If they dont, then move on."
"If there is a moment in time when you can tell someone about your business and they engage, then great."
"You're not going to trick an investor into loving your business."
If you think to yourself 'If I took a million dollars would my business be a million dollars more valuable?' If the answer is yes, then maybe that's reasonable thing to do, if the answer is no, then don't bother.
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