K9 Ventures Blog
k9ventures.com · Company blog · on HN since 2009
Manu Kumar, founder of K9 Ventures, writes about seed investing, convertible notes, fund announcements and startup advice.
What HN saysHN commenters link it as a clear source on convertible notes and seed-stage investing, and cite his posts on valuations and a startup that got hurt.
42HN people shared it
12linked it in comments
38stories submitted
294story points
4 years agolast shared
2009people per year2026
Most-shared posts
- 1The investment that didn’t happen7 people · 21 points · first shared 2011 · 2 comments on HN
- 2Thoughts on Convertible Notes3 people · 91 points · first shared 2011 · 2 comments on HN
- 3Startups: Just say NO to outsourcing, contracting, and distributed teams3 people · 10 points · first shared 2011 · 5 comments on HN
- 4The Seeds Have Changed: An Epilogue to the New Venture Landscape3 people · 3 points · first shared 2015 · discussion on HN
- 5Announcing K9 Ventures II – A $40M technology-focused micro-VC fund2 people · 65 points · first shared 2012 · 20 comments on HN
- 6My story and support for the #FoundersVisa2 people · 11 points · first shared 2009 · 2 comments on HN
- 7Hope and Numbers2 people · 1 points · first shared 2012 · discussion on HN
- 8My story and support for the founders visa2 people · first shared 2011
- 9The Case Against Free1 people · 22 points · first shared 2009 · 5 comments on HN
- 10The future is keyless: Introducing Nexkey1 people · 14 points · first shared 2018 · 31 comments on HN
- 11Investor Nomenclature and the Venture Spiral by @ManuKumar1 people · 6 points · first shared 2011 · 1 comments on HN
- 12Twitter Best Practices for Startups1 people · 6 points · first shared 2010 · discussion on HN
- 13Investors should pay their own legal expenses1 people · 5 points · first shared 2021 · discussion on HN
- 14The New Venture Landscape1 people · 5 points · first shared 2014 · discussion on HN
- 15Revenue Development1 people · 4 points · first shared 2010 · discussion on HN
What HN people wrote when they linked it
lmelendez89 · 2011-03-27
Here's a great article from Manu Kumar, the founder of K9 Ventures, on convertible notes.
http://k9ventures.com/blog/2011/03/22/thoughts-on-convertible-notes/
boulos · 2018-05-22
Hmm. I honestly prefer Manu's blog post and phrasing from 2012: http://www.k9ventures.com/blog/2012/05/31/hope-and-numbers/
glaugh · 2015-06-30
I wonder how much of the growth in valuations in the early rounds (given birken/df07's comments) is explained by the "Seed is the new Series A" phenomenon[1].
It's very challenging to make sense of all this. You can say "Series A valuations are higher" but does that mean higher valuations per revenue (or whatever metric), or just that the terminology has changed, or one of several other possibilities?
[1] http://www.k9ventures.com/blog/2015/06/05/the-seeds-have-changed-an-ep…
sillysaurus · 2013-07-28
Disregard, then fight it later if you grow big enough to matter.
That said, it can seriously screw you over if you get unlucky: http://www.k9ventures.com/blog/2011/04/27/modista/
martythemaniak · 2012-08-28
Manu Kumar wrote something similar for their K9 Ventures II fund here: http://k9ventures.com/blog/2012/07/19/announcing-k9-ventures-ii-a-40m-…
pg · 2011-08-31
IIRC none have actually been sued, but one has been sent a letter saying they're violating a competitor's patent.
What made me start thinking about this idea was a combination of that letter, this story:
http://k9ventures.com/blog/2011/04/27/modista/
and the fear that YC applicants working on education software have of the notoriously litigious Blackboard.
sentinel · 2011-06-08
Maybe this will help: http://k9ventures.com/blog/2009/09/24/my-story-and-support-for-the-fou…
And, always good to contact an immigration lawyer to know exactly what you are legally allowed to do (I guess you can afford one now).
There was another thing I was reading about a while ago (but no sure what the case is with that), which states that you can get a special visa if you open up your own company (as an immigrant) which hires more than 5 people.
RealGeek · 2011-06-04
Legally, you can be a co-founder of a company while you are on H1-B. But, you can not participate in business activities and you can not take salary.
You can get H1-B visa sponsored by your own company. Manu Kumar of K9 Ventures was able to do this, read http://k9ventures.com/blog/2009/09/24/my-story-and-support-for-the-fou…
It should be easier for you with a US citizen co-founder.
sunkan · 2010-12-13
Here is someone that did this, figured it might be helpful for you.
http://www.k9ventures.com/2009/09/my-story-and-support-for-the-founder…
iag · 2009-11-21
http://www.k9ventures.com/oscar/
Venture backed stealth startup in Mountain View looking for a Lead Hacker. If you think you are true YC-grade hacker, then we want to hear from you!
nitrogen · 2011-09-01
I, like you, actively repel the effects of advertising (though I have no doubt that some of it still influences me to an extent). However, if advertising really didn't work, then all products in supermarkets would come in colorless boxes, you'd walk to a touchscreen kiosk and specify your caloric and nutritive needs, preferred foods, organic/vegetarian/vegan/etc. requirements, and the kiosk would produce a list of items that met those requirements, along with prices and an objective evaluation of product quality.
How I wish that were the case! Meal planning and product discovery would be easy. Instead, I eat basically the same things over and over, since as a bootstrapping entrepreneur, I can't afford to throw away much food in the name of exploration. If we could get rid of the patent system that killed Modista (http://k9ventures.com/blog/2011/04/27/modista/), and replace advertising with information, I think my life would be a lot more awesome.
ChuckMcM · 2011-04-28
Hmm, underwhelmed to be sure.
The blog article would be better if it wasn't 100% whine. Linking the original [1] would have been better HN material.
Nobody told the founders at Modista to file a patent on their work? There's $2500 bucks that would have been well spent. They could have simultaneously achieved patent protection and a re-examination of Like.com's patent. Since Like's would come up as an office action, they would turn around and send all the prior art that shows why their idea isn't like that patent but that even that Like's patent didn't have any original ideas, which internally could have started other wheels rolling.
Like it or not, you have to file patents for things that you are doing that are cool. This does two things for you, one it brings out people who might have applied for or done something similar, and two it gives you a way to prevent other people from jumping into your space. The Like.com guys did that, the Modista folks did not.
[1] http://k9ventures.com/blog/2011/04/27/modista/