FounderLine host Joe Beninato and guest Greg Sands of Costanoa Venture Capital answer listener questions including:

• Is it better to build a large user base, even though users are non-paying, or to charge customers, though it slows user base growth?
• What is the process of an IPO, and why might a company delay IPO?
• How do you determine the right price for the product/service you're offering?
• When should you avoid an incubator?

In the "Ask The Lawyer" segment, Mitch Zuklie of Orrick discusses participating preferred stock.