d4ft

I would argue that often VC's can't smell a good or bad idea "a mile away". If they could, they would be seeing much better returns. That, I think, is why expanding the VC search once you have a few interested parties makes sense. Sometimes they want a piece of the pie, because everyone else says it tastes good.

Regarding the terms, it's just like anything else. If you can get better terms (terms that won't hinder you if you need to raise a series A) or get a deal with a firm that is more involved in your niche, through competition, you shouldn't settle for "agree"-ing, you should do the best for yourself that you can.

In light of the disaster in Japan, a nice reminder to keep it all in perspective on this spring (on the eastcoast US) weekend.

Text Version: http://online.wsj.com/article/SB122178211966454607.html

About.me for dating + reward = profit. In all seriousness, I could see this becoming a model that, if done right, could be quite profitable for people looking for something to start.

Here's a problem I foresee: These groupon style sites do their business because these vendors make money due to the volume. Whether its return customers, or small margins adding together, or whatever, the whole reason vendors get involved is volume. So one question: will indy craftsfolk be able to handle the volume? If they get 1000 orders for their handmade leather wallet, seems like people will start to get pissed after month 2 of waiting.