Gross Margin and SaaS

One important aspect of Software-as-a-Service (SaaS) that isn’t well understood to first-time entrepreneurs is the role gross margin plays into the business. Gross margin is defined as the percent of revenue left over after the cost of servicing that revenue is taken into account (see SaaS cost of goods sold). For example, with a SaaS…

10 Years and 10 Lessons Learned

After yesterday’s post on the Top 3 Mistakes as a First-Year VC, it got me thinking of a similar topic across a longer period of time: 10 years and the top lesson learned each year. Every year brings new opportunities, and new challenges, with a number of lessons learned throughout. Here’s a lesson learned from each year,…

Top 3 Mistakes as a First-Year VC

Jason Lemkin, author of some the best Software-as-a-Service (SaaS) content online at SaaStr (also check out David Skok’s great For Entrepreneurs site), recently tweeted his top three mistakes as a first-year VC: My #1 mistake in 12 mos. as a VC: not investing in every founder I knew personally was great. No matter what they were building.— Jason…