Gil Penchina

I've been lucky enough to be involved in a number of great startups, including eBay and Wikia as an entrepreneur and LinkedIn and Paypal as an investor. ”

When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. 'Ratchet,' 'carry,' 'vetoes' - you name it. ”

Whether someone wants to learn the words to a new Lady Gaga song they heard on the radio or to verify the lyrics to 'Blinded by the Light', the LyricWiki community delivers. ”

Startups are all about breaking the rules and changing the 'natural order' of things. So let's do that for Series A terms. ”

You're under tremendous pressure, and everyone needs you to be perfect all the time, and that often creates a perverse incentive to not tell the truth. Please remember - when you get caught not telling the truth, it's over. ”

It is obvious that the Internet has become such a video-driven entity. With broadband becoming ubiquitous, viewers and advertisers are looking for professional-quality videos. ”

Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0. ”

It's clear to me now that Ethereum is the new currency of the Internet. It's way ahead of where Paypal was in its day, and it's much more exciting to its customers than Paypal ever was. ”

In the U.S., Wikia has content sponsorships with top brands, including Blizzard Activision, Sony, Microsoft, Electronic Arts, ABC Television and others. ”

While seed deals have gotten easy, Series A negotiations still often feel like the death of 1,000 cuts. ”