GigaOm has a great review of Evan Williams’s presentation on how Odeo, his podcasting startup, screwed up:
4. â€œRaising too much money too earlyâ€? â€“ Williams seeded the money with $70,000 of his own money, and after the TED excitement added another $100,000. After he tied up over a million in angel funding, a term sheet came through from Charles River Ventures at three times the angel round valuation. They took the money.
The post is a great look at some mistakes to avoid – always good to take a look at a decent case study with lessons learned notated.. I like to make original mistakes in any event..