Old Rules versus New Rules – The Rules Have Changed Again

It’s fascinating to see how things are swinging back around to the basics of business.  Lay a foundation, bootstrap it until you can show that Proof of Concept, then raise money for the company…

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Bill Reichert has his top 10 rules list for web companies wanting seed money: he co-founded his venture company with Guy Kawasaki. This list outlines the things Web 2.0 start-ups should be doing when pitching for venture capital from companies like Garage Ventures – in other words it’s also what venture capital companies (or angel investors) are looking for in a start-up.