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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Sat, 21 Nov 2009 21:40:57 +0000</pubDate>
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		<title>How Patient are VCs?</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/03/24/how-patient-are-vcs/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/03/24/how-patient-are-vcs/#comments</comments>
		<pubDate>Mon, 24 Mar 2008 17:58:22 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Video]]></category>

		<category><![CDATA[Startups]]></category>

		<category><![CDATA[Stat of the Day]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[WatchMojo.com]]></category>

		<category><![CDATA[Entrepreneurship]]></category>
<category>Entrepreneurship</category><category>Internet &amp;#038; Web</category><category>Management</category><category>Startups</category><category>Stat of the Day</category><category>Video</category><category>WatchMojo.com</category>
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		<description><![CDATA[Upon hearing that Electronic Arts CFO Warren Jenson is leaving to pursue other interests, you have to wonder: does this have anything to do with the ongoing Take Two takeover bid?  Probably.  Maybe the Board or CEO pushed him out because it&#8217;s taking too long, maybe it was not handled efficiently.  Who knows.  But it [...]]]></description>
			<content:encoded><![CDATA[<p>Upon hearing that Electronic Arts CFO Warren Jenson is <a href="http://biz.yahoo.com/rb/080324/electronicarts_cfo.html?.v=2" target="_blank">leaving</a> to pursue other interests, you have to wonder: does this have anything to do with the ongoing Take Two takeover bid?  Probably.  Maybe the Board or CEO pushed him out because it&#8217;s taking too long, maybe it was not handled efficiently.  Who knows.  But it got me thinking: how impatient some people can be when money is at stake.<br />
This past weekend, I was doing a Q1 2008 recap and realized that things have really grown a lot in one quarter.  WatchMojo.com launched its syndication network officially in Summer 2007.</p>
<p>- From Q3 2007 to Q4 2007, our quarterly streams grew 791%.<br />
- From Q4 2007 to Q1 2008, our quarterly streams have grown 828% (as of March 24 2008).</p>
<p>Each month, our streams have grown:</p>
<p>- July to August, 2007: 47%<br />
- August to September, 2007: 64%<br />
- September to October, 2007: 30%<br />
- October to November, 2007: 28%<br />
- November to December, 2007: 16%<br />
- December 2007 to January 2008: 8%<br />
- January to Februar, 2008: 16%<br />
- February to March, 2008: 101%</p>
<p>This begs the question: we were growing each month, but for a few months, our growth rate slowed down.  During that period: would that have forced a VC to push me out and replace me?  Maybe.</p>
<p>We grew over 100% this past month&#8230; what if next month we grow by 50% &#8220;only&#8221; or 5%, or gasp, what if we shrink for a month or two? Is my ass on the line, then?</p>
<p>Don&#8217;t get me wrong, we are busting our butt trying to get more distribution deals and more syndication partnershis&#8230; but what if for a month of two growth is not constant and in an upwards fashion?  Is that a pardonable crime?  I have no clue.</p>
<p>VCs are known to be fickle and impatient&#8230; would they step in and demand uninterrupted, constant growth?  Probably not every month&#8230; but what is the threshold?  You hear so many companies ask CEOs or founders to leave&#8230; sometimes it&#8217;s because the growth rate is stalling, sometimes it has nothing to do with the company&#8230; but the point remains: if the EA acquisition of TTWO did not go through, CFO Jenson left.  If company growth slows down, particularly a startup&#8217;s, does the CEO get replaced?</p>
<p>I have no idea what the answer to this question is, nor do I want to paint all VCs with the same brush, but I do wonder what the answer to this question is.</p>
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