Ben Narasin

Latest from Ben Narasin

  • The Importance Of Founders Crunch Network

    The Importance Of Founders

    In a prior era, some considered it best practice to bring in “professional managers” to run the businesses started by creative and hard-working entrepreneurs once those business began to scale and appeared to need “adult supervision.” The term “upgrade management” is still occasionally heard among investors but never in front of founders. Read More

  • Big Valuations Come With Dangerous Small Print Crunch Network

    Big Valuations Come With Dangerous Small Print

    About three years ago we started noticing a sliver of founders who were obsessively focused on valuations start to make short-term decisions in their fundraising that risked meaningful long-term consequences. With the popularity of the “unicorn” label, this trend has gotten worse. A few months ago a Midas List friend shared a story of dismay with an example in their portfolio… Read More

  • No Need For Alarm Over Private Company Valuations Crunch Network

    No Need For Alarm Over Private Company Valuations

    With 137% returns in an approximately two year period, there’s logic in mutual funds continuing to throw big dollars into strong IPO candidates, thus significantly inflating valuations. With this encroaching competition it’s not surprising then that VC’s are sending the warning. Read More

  • Separating The Rest From The Best In Venture Partners Crunch Network

    Separating The Rest From The Best In Venture Partners

    I‘ve studied Tier 1 venture firms for over seven years, and I see two weaknesses in partners, particularly young ones, that separate the rest from the best: they don’t take enough risk, and they aren’t candid enough with the founders they don’t fund (or even sometimes with those they d Read More

  • Series A Is The New Series B Crunch Network

    Series A Is The New Series B

    When I moved to Silicon Valley over a decade ago, I thought “venture” meant looking for smart people with great ideas. I’ve learned that’s not true; they’re looking for smart people, with great ideas, who are “killing it.” That last bit is a fundamental change and has made modern-day Series A effectively the Series B of the past. Read More

  • The End Of The Acqui-Hire? Crunch Network

    The End Of The Acqui-Hire?

    A few years ago, before seed investing was as well defined as it now is, I co-hosted a bean bag sitting circle at The Lobby on the topic of “the seed round.” While I assumed the topic would appeal primarily to founders thinking about their next startups, we had a surprising number of industry players — the large monolithic cash hoarder and sizzle brands that buy so many… Read More