When people ask me if I want to remain CEO of the company, I tell them “be careful what you ask for” because if you insist on remaining CEO, I am pretty sure your board will say “Sorry, we need someone else to lead at this stage of the company’s evolution”.  But if you hint that you want out, or to be in a different role, then chances are that your investors will balk and stress that it’s “your baby” and without you at the helm the company will be in trouble.  I’ve touched on this before. continue reading...

Yesterday Henry Blodget reported that Twitter is looking to raise a Series C financing round of up to $15M on a $60M pre-money. If investors bite, that would give the short-form publishing platform a $75M post money valuation and effectively dilute the company by 20%.

Previous, Twitter had raised $5M on a $20M valuation, whereby they had sold off 20% of the company. continue reading...