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Post-Bubble Conventional Wisdom

Gary Morgenthaler and David Morgenthaler, Morgenthaler Ventures

Cash is king. The days of free-flowing cash are over and VCs are now looking for companies that can do more with less money. David also stresses the importance of an unfair advantage in order to stay ahead of the competition. Additionally, be optimistic about your projections, but do not lie to the VCs because they will see through it.