David Teten

MAY 9, 2012

We are in the midst of two great disruptions to American business: the internet’s ongoing disruption of most traditional industries: finance, healthcare, retail, finance, fashion, etc. Founded in 1970, NAIC firms invest in venture (early stage/later stage) and private equity (growth/buyout/mezzanine/distressed/secondary funds).

Venture Capital 154

Venture Capital Programming Accredited Investor New York 154

Up and Running

DECEMBER 9, 2014

Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. I’m here with some really phenomenal CEOs who are going to talk to us today about small business finances from funding to growth.

Small Business 95

Small Business Finance Forecast Metrics 95

Both Sides of the Table

JUNE 27, 2021

We’ve had two companies where we had to bridge finance them several times before they eventually IPO’d We had a portfolio company turn-down a $350 million acquisition because they wanted at least $400 million. You need shots on goal as not every one will go in the back of the net. Early-stage venture capital is about extreme winners.

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Both Sides of the Table

OCTOBER 29, 2009

We’re clearly in the early stages on Twitter monetization but let me offer some views on why we find Ad.ly Banner or AdSense style ads placed either at the top of the page or down the right hand side (often called a skyscraper) would only net Twitter money for users that log into Twitter.com. 30% is the market opportunity.

Technical Review 286

Technical Review Advertising Early Stage Internet 286

Austin Startup

MARCH 20, 2017

Since the field’s estimated beginnings in 2009 , subsegments like “feminomics” and “inclusive finance” have spun off, but at it’s core gender lens investing is: incorporating gender as a factor to guide investment strategies. Contrasted with an average VC fund size of $30M… there is a mismatch. Enter True Wealth Ventures.

Private Equity 54

Private Equity Venture Capital United States Equity 54

View from Seed

AUGUST 16, 2019

Or, is she concerned about small cracks in the business so wants additional cash cushion as an extra safety net (i.e. One of the most relevant scenarios that this fear vs. greed lens applies towards is insider-led financings. Is a new outside investor joining a round because they see a straight-line to a money-making venture (i.e.

Term Sheet 149

Term Sheet Syndicate Syndication Early Stage 149

Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

View from Seed

AUGUST 13, 2014

Pros of taking their angel money include the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. Cons: Potentially not much value-add beyond initial financing round. The Friends & Family Angel. The Grouped Angels. The Financial Angel.

Angel Investor 334

Angel Investor Syndicate Syndication Early Stage 334

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. According to John Borchers, Co-founder, Decathlon is the largest revenue-based financing investor in the US. Founder Earnings = Net Income + any amount of founders’ salaries over a certain threshold.

Revenue 60

Revenue Technical Review Software Review Equity 60

crowdSPRING Blog

FEBRUARY 23, 2011

Small business and startup issues: net neutrality and H.R. Business Development for Early Stage Startups – [link]. Small business and startup issues: net neutrality and H.R. Crowd funding offers entrepreneurs a shot at financing their dream – [link]. 1 – [link]. 1 – [link].

Social Media 92

Social Media Small Business Design Media 92

YoungUpstarts

APRIL 7, 2013

Startups are hungry for credit, but banks and other financial institutions have never been stricter with their financing parameters. They’re using metrics that are often unworkable in the current business environment, causing growing businesses to look elsewhere for capital and increasingly towards alternative forms of financing.

Advisory Board 249

Advisory Board Entrepreneur Portland Oregon 249

Both Sides of the Table

JUNE 19, 2017

The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. Gross burn is your cost base and net burn is the difference between your revenue and costs. GAAP Net Income, which at times isn’t a good reflection of cash burn). In short, it’s the amount of cash you’re burning every month (vs.

Burn Rate 212

Burn Rate Startup .Net Venture Capital 212

Both Sides of the Table

OCTOBER 7, 2014

There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.). 5 million was always the classic definition of an A-round between the late nineties (crazy financings aside) and say 2007.

Cap Table 399

Cap Table Silicon Valley Term Sheet Finance 399

View from Seed

JANUARY 11, 2021

billion across 2,288 deals in Q3, with deal count exceeding Q2’s at nearly every stage. . Early stage deal activity showed real resilience coming off of a slow Q2, with deal count at angel and seed stage in 2020 now about at par with the same period in 2019. Familiar loops offered invaluable, pre-seeded confidence.

Venture Capital 350

Venture Capital Cofounder Early Stage Seed Stage 350

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. This doesn’t concern any specific industry, but that kind of behavioral finance. If you aren’t doing things which are sufficiently crazy, you’ll never generate a 5x net fund. That scares me. That was one aspect of it.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

JANUARY 10, 2012

With a unique vision for starting and successfully managing innovative companies, he is the Managing Partner of Social Leverage, a holding company that invests in early stage web businesses. He holds a Master of Science in Finance from the London Business School and a Bachelor of Arts from Tulane University.

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

Growthink Blog

APRIL 2, 2012

While the crowdfunding portion of the bill still needs to go through SEC rule-making, the die is clearly cast that a whole new social networking – based world of start-up and small business investing and financing is coming fast upon us. So who will the winners be and who will lose ground once the new rules are fully live?

Disintermediation 72

Disintermediation Technical Review SEC Early Stage 72

David Teten

DECEMBER 3, 2019

Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. The Pocket Negotiator is very early-stage attempt to aid in the negotiating process itself. ExitRound helps early stage companies identify buyers in smaller exits. . What’s Your VC Tech Stack?

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Duct Tape Marketing

NOVEMBER 2, 2023

02:06] Can you share your experience starting with an early-stage company (Hubspot) that eventually went public? [07:11] I think the net of it is it went from HubSpot teaching a business model to follow to more of a partner program where you're reselling technology. But yeah, so they definitely made a bunch of changes.

Metrics 75

Metrics Analytics Forecast Software Review 75

Genuine VC

FEBRUARY 12, 2012

Addressing both of those issues can stem from the motivations as to why someone would want to put their hard-earned cash into a risky early-stage startup in the first place. CONS: Potentially not much value-add beyond initial financing round. The Friends & Family Angel. These are the proverbial first-commit investors.

Angel Investor 257

Angel Investor Syndicate Syndication Early Stage 257

Haystack

OCTOBER 2, 2019

Those of us in the early-stage tech ecosystem by now well know that saying “there are a LOT of seed and new startups” is a gross understatement. Doing them online removes the critical in-person touch that’s required (in my opinion) to assess at the early stages. 5/ Who Is On The Hook?

Deal Flow 106

Deal Flow Cap Table Early Stage Institutional Investors 106

Berkonomics

DECEMBER 17, 2020

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. There is an exemption from the requirements that these investors be accredited with net worth or income minimums to qualify legally to invest in your company. The post When should you go for equity financing?

Equity 62

Equity Finance Liquidity Event Angel Groups 62

YoungUpstarts

FEBRUARY 21, 2018

But at least take enough to keep your personal finances straight and separate from your business.”. What do you think are the biggest misconceptions about Millennials and how they handle their finances? Bad idea, Rettinger says. You don’t have to overdo it and take a six-figure paycheck,” he notes.

Management 189

Management Portfolio Finance Security 189

Startup Professionals Musings

NOVEMBER 26, 2012

So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? In finance, the income approach describes a method of valuing a company using the concepts of the time value of money. Find “comparables” who have received financing (market approach).

Valuation 270

Valuation Pre-Money Valuation NPV Intellectual Property 270

YoungUpstarts

NOVEMBER 15, 2017

If your major relates to business sciences (finance, accounting, marketing and business law), chances are that you’ve had business plan assignments. If you’ve never written anything like that, browse the Net for business plan samples and templates. Get the finances in shape. It will cost you money.

Startup 160

Startup Social Media Forecast Early Stage 160

Steve Blank

FEBRUARY 26, 2020

For startups the early stage funding landscape looks like this: Step 1: The Pre-seed round – you raise $100-$750K. Btw, the definition of each startup financing stage has changed in the last decade. Series B is about proving your net revenue model (can you be profitable?). Step 5: Series, C, D….

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

VC Adventure

MAY 5, 2022

In markets like this, funds that deploy quickly generate markups on their full portfolio; those that show more patience suffer from an IRR perspective as a larger portion of their fund is yet to be marked up by subsequent financing rounds. management fee). But this doesn’t help a fund’s IRR. Many will not. But not now.

IRR 116

IRR Metrics Valuation LP 116

Startup Professionals Musings

SEPTEMBER 30, 2011

So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? In finance, the income approach describes a method of valuing a company using the concepts of the time value of money. Find “comparables” who have received financing (market approach).

Pre-Money Valuation 246

Pre-Money Valuation Valuation NPV Intellectual Property 246

This is going to be BIG.

APRIL 29, 2011

At the same time, I had lunch with someone yesterday who regularly ran into early stage entrepreneurs who was surprised to hear that I didn't mind if they made intros to me. Bad intros usually include some service provider, like some high net worth management guy looking to get me to invest with him. Why did I need that?

Technical Review 114

Technical Review Early Stage Due Diligence Venture Capital 114

Up and Running

AUGUST 20, 2014

According to global banking institution HSBC, there are three things you should keep in mind as you learn about managing your cash flow and your business finances: Profits are not cash. Not to mention the mental stress of having to make back every dollar you spent in the early stages of setting up your business.

Forecast 135

Forecast .Net Dividend Finance 135

Feld Thoughts

AUGUST 26, 2011

This is one of the reasons that Dick and Jane chose to use QuickBooks, even at this very early stage, as it guarantees that their books will conform to double entry accounting. When presented in the SCF, these transactions are broken down into three categories: operating, financing and investing activities.

Balance Sheet 128

Balance Sheet Cofounder Cap Table Delaware 128

Hunter Walker

MARCH 8, 2014

If you’re graduating this spring and starting a career in tech, I’ve got one piece of advice: go work at a midstage startup (I’ll define that as B/C rounds of financing – eg Twilio, Stripe, Airbnb, Warby). Here’s why: 1. From folks a few years more experienced you’ll get mentorship and learn good habits.

Liquidity Event 134

Liquidity Event Early Stage Seed Stage Startup 134

Genuine VC

FEBRUARY 12, 2012

Addressing both of those issues can stem from the motivations as to why someone would want to put their hard-earned cash into a risky early-stage startup in the first place. CONS: Potentially not much value-add beyond initial financing round. The Friends & Family Angel. These are the proverbial first-commit investors.

Angel Investor 128

Angel Investor Syndicate Syndication Early Stage 128

Austin Startup

JUNE 26, 2019

Early on we reached out to friends & family. Turns out my network (of politicos and do-gooders) is not one of accredited tech investors (meaning they meet income and net wealth thresholds and choose to make investments at all, and specifically in startups). So, we worked to raise capital. Get you some of that!

Silicon Valley 54

Silicon Valley Startup B2C Sweat Equity 54

VC Cafe

JUNE 19, 2020

There’s an increasing interest from institutional investors in particular, but also high-net-worth individuals, private banks and a variety of other players who are thinking to make more impact investments than we’ve seen in the past couple of years.”. Business as usual is no longer an option,” they conclude. Cecile Blilious and Leehe Skuler.

Venture Capital 174

Venture Capital Global South Africa 174

Berkonomics

JUNE 8, 2017

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

Gust

NOVEMBER 18, 2012

So what magic can the founders use to justify a $4M valuation (or even the $1M valuation) at this early stage? In finance, the income approach describes a method of valuing a company using the concepts of the time value of money. Find “comparables” who have received financing (market approach).

Valuation 187

Valuation Pre-Money Valuation NPV Intellectual Property 187