Bill Gates was not a wreckless entrepreneur. He meticulously removed risk before every step he took. http://bit.ly/2RBT3G

Which would you pick, “higher valuation with full ratchet anti-dilution or a lower valuation with weighted average anti-dilution”? If you don’t know, make sure you have a lawyer and business advisor explain it to you. It’s hard to outsource things like this so as a founder, you have to care about it. http://bit.ly/DQpiw

Excellent post by Charlie. How long until TechStars or even a Dog Patch sets up in the garment district? >> How to start a venture capital fund in New York City http://bit.ly/UabXe

Seth’s Blog: The hierarchy of success “the most important of all, the top of the hierarchy is attitude.” http://bit.ly/cPRyA

First Growth Venture Network announces the selection of 15 seed and early stage start-up tech companies for its first class, or “Inaugural Vintage.” http://bit.ly/IUea

Great post by Seth Godin on free, but doesn’t address the hardest question– how and when do you reinvent a business that’s declining but still cash flow positive? http://bit.ly/wnbJ6