Nicholas Chirls

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Eighteen months ago, we set out to raise our first fund for Notation Capital. We knew bits and pieces about the Limited Partner community (the firms and people that invest in VC funds), but boy did we have a lot to learn. Unlike the VC community, which...

After sharing a couple quotes about the seed VC ecosystem on twitter, I figured I’d write a longer post so that founders might better understand what they should expect from “seed” investors when raising their first institutional round of capital. I...

I just discovered the PATH Act, and although I haven’t had time to fully digest it or read the actual underlying tax code, if the headlines hold even a modicum of truth, then the implications are quite dramatic for tech startups.
At first glance, the PATH Act seems completely misguided, out of touch, and just flat out embarrassing for participants in the technology ecosystem....

…and the impact of VC portfolio construction on startups.
Since starting Notation Capital earlier this year, we’ve led (or co-led) 8 pre-seed rounds in new companies. Each investment involved at least some amount of negotiation, often regarding valuation. Beating founders down on price is probably the least...