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Nick sources, analyzes and executes investments along with the other members of the investment team.

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Articles by Nick Hammerschlag

Sorry, But Your Expansion Stage Software Business Probably Ain’t Worth $100 million

88 days ago by

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I continue to be amazed by the number of entrepreneurs that can show a relative lack of sophistication or business acumen in a conversation until the topic of their business valuation comes up. Once it gets to that point, they can rattle off every Andreesen Horowitz deal and how “X” business was acquired at 10x…

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Being a Dealmaker Means Believing Anything is Possible

137 days ago by

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In his book, The 4-Hour Work Week, I love the importance Tim Ferris places on being a “dealmaker” and his dealmaker manifesto: reality is negotiable. Unless you possess a hugely valuable technical ability, I believe that being a dealmaker and having the mentality that anything is possible (and the resolve to work your butt off to…

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My Thoughts on “Networking”

137 days ago by

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I absolutely hate the term “networking.” Growing up, I had never heard the term and certainly didn’t use it as a verb in my daily lexicon. When I was in college, someone recommended that I read Keith Ferazzi’s book, Never Eat Alone, which I dutifully read and remember thinking how disingenuous it made personal interactions…

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How to Present Your Business Opportunity to a VC on a Silver Platter

138 days ago by

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Do you have a killer business that you’d really like to fund with venture capital? Do you want VCs to battle each other for an opportunity to give you money? Here’s what you can do to present the business opportunity opportunity on a silver platter: Paint a compelling growth story: It goes without saying, but…

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Productivity Tips from a VC Neophyte

139 days ago by

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Probably the hardest single aspect of my job as a venture capital neophyte is efficiently managing my time for the greatest productivity. Making great investment decisions is pretty hard too but as far as this post is concerned, we’re talking time management. I’m fairly certain time management is an issue for many people in many…

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Don’t Forget: VCs Are Sales People Trying to Make Money

154 days ago by

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I am just arriving at the end of my first year working in venture capital and I’m thrilled to say that I love my job and love the people that I work with here at OpenView Venture Partners. This past year has gone by exceptionally fast, though I’m beginning to think that every year of…

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How Venture Capital Deals Fall Apart

162 days ago by

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Over the last year, I have found that entrepreneurs contemplating taking on expansion stage venture capital are almost universally concerned with the certainty of deal consummation after signing a term sheet. Here at OpenView, we aim to fund 100% of the companies with which we sign term sheets and complete our due diligence, but occasionally,…

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Diligence Got Ya Down? What to Expect from an Expansion Stage VC Post-Signing a Term Sheet

187 days ago by

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Venture capital due diligence processes can be frustrating for both VCs and entrepreneurs alike, particularly with later-stage companies as there is more information to sift through. I’ve found that — largely — this frustration results from poorly managed expectations. Investors often fail to manage entrepreneurs’ expectations with regard to timeline and scope of diligence. Investors…

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If You’re an Entrepreneur, Unsexy is Smoking Hot

225 days ago by

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One of the greatest aspects of my ever-excellent job is that I have my world rocked at least once a month. And I actually mean my world gets rocked. My heart beats faster, my eyes open wide, and my mind wanders – races even – through the myriad implications of what I have just learned.…

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Basic Financial Modeling for the Enterprise SaaS Business

294 days ago by

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The four key elements of successful financial modeling are: simplicity, flexibility, improvisation, and an underlying economic model! Creating a basic financial model does not have to be a daunting task, though it can often turn into one. I can’t count the number of business models I’ve received from companies that are utterly complex with models…

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