FounderLine is a live weekly webcast devoted to helping startup founders succeed, hosted by seven-time startup entrepreneur and investor Joe Beninato. Each week, Joe welcomes an experienced entrepreneur or investor to discuss startup-related topics and field questions from entrepreneurs around the world. In addition, regular guest Mitch Zuklie, Chairman & CEO of Orrick, will be on-hand to discuss legal issues in the "Ask the Lawyer" segment. FounderLine is broadcast live every Thursday evening from 5-6pm Pacific Time. For more information, go to founderline.com.

In this episode, host Joe Beninato and guest John Lilly of Greylock Partners answer listener questions including:


- After a startup like Tumblr or Instagram is acquired, do you still stay involved and help the founders?
- How many startup pitches do you receive every day and how many of those do you respond to?
- When Greylock makes an investment, does the decision have to be unanimous? What if one of more partners disagree?
- When you're deciding how to invest, what are the relative importances of the problem space, the founders, and the team?
- I'm a successful entrepreneur interested in moving to the VC side. What's the best way to do this?

In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses acquisitions