I don't think you need a VC panel, just a VC / Angel sponsor. NVCA can take care of accreditation.

If someone has $250,000 to buy their way into this country, then they have money to spend living here in this country and can buy what I'm selling.

Immigrants with $250K to burn are not the people that the anti-immigration-reform folks worry will take their jobs or work at a lower wage or ruin our hospitals.

So moot point.

Lawyers are not highly incentivized to streamline their work and create standard docs for use. Not to mention that these term-sheets, while called "ideal first round term sheets" are really only ideal for naive first-time entrepreneurs.

Call me bitter, but I just don't see this happening, and frankly, I don't see the value. First-round deals are already fairly straightforward when the angels haven't screwed up the cap table. And when they have, these docs won't save you.

Proud to say I've read all three -- Zen a few times, and Atlas Shrugged a few times.

To add one to the list... Once you've done the entrepreneur thing for a while and decide you want a break before jumping back in, read "Honeymoon with my brother."

It's poorly named, but it allows the driver to adjust the front-passenger seat settings (like moving it forward, back, etc.) using the controls on the driver-side door. It should have really been called the "Chauffeur Function" or something.

It'd be used if you were a chauffeur and wanted to move the passenger seat way up to provide a lot of leg room for the person in the back; towncar style. I suppose you could try to be all slick and move your lady's seat backwards or forwards for comfort, but it's not that slick since she'd see the display read the super annoying "Gentleman Function" -- Or maybe it'd be a nice hint. :-)

RTM has an iPhone interface, curious if you tried it and if it wasn't cutting it compared to a native iPhone app...

http://www.rememberthemilk.com/services/iphone/

It's policies like this that drive inaccurate and over-inflated valuations which ultimately force small growing businesses into unfortunate positions as they raise capital down the road. Ultimately it's the economy that suffers as a consequence.

I should speak more clearly, even when relaxing in the break room. :-) Nice interview and write-up. We enjoyed having you over.

There's already a few words for this: Bootstrapped, self-funded. And there's nothing wrong with a company growing out of cash-flow.

As an aside, I don't think the term "lifestyle" company is demeaning at all. If I self-funded a lifestyle company that took care of its employees and delivered great returns to the stakeholders then I'm living the American dream.

Nice! Thanks for the enthusiastic write-up! :-)