The seed round happens on hope. The Series A happens on a combination of hope and numbers. And the Series B and beyond, happen largely based on numbers.

One of the downsides of being an investor is that you spend a lot of time in meetings. What’s worse is that most of these meetings need to be scheduled. And yes, in 2012, we all still mostly schedule meetings via email. Consequently, a fair number of emails that I exchange with people are about [...]