Steve Blank

FEBRUARY 26, 2020

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?). serial entrepreneur. Step 2: The Seed round – you raise $1-$3M (in some cases even $2-5M). Step 3: The Series A – you raise $5-$10M. Step 5: Series, C, D….

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Eric Friedman

AUGUST 18, 2021

It is the entrepreneurs that are singing their heart out, playing the instruments, et cetera. In my mind, that’s a lot of my role in the boardroom or with entrepreneurs, On Dan being the “Curmudgeon of Fintech”. Personally, I love Brian Armstrong ; he’s an incredible entrepreneur. But, it makes no sense to me.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Business Plan Blog

NOVEMBER 13, 2013

The first milestone in a new startup’s financing is called ‘Seed Capital’ which refers to the initial investment raised by the founders from their friends and family, or commonly referred to as FFF (Friends, Family and Founders), who mostly use their personal assets. *The Convertible Debt Financing. Raising Seed Capital.

Finance 93

Finance Accredited Investor Angel Investor Seed Capital 93

Gust

OCTOBER 26, 2011

As we conclude our convertible note financing series, there are assorted terms commonly seen in term sheets and deal documents that are worth touching on briefly. Having made it almost to the end of our sample term sheet: Documentation. Returning to our sample term sheet: Note Purchase Agreement.

Finance 79

Finance Term Sheet Covenant Accredited Investor 79

The Next Web

FEBRUARY 27, 2014

This is typically in conjunction with an upcoming financing or pending takeover offer. A competitive commodity business, or a “me too” story , will be less demanded, and hence, will require a lower valuation to close your financing. Freshman are a piece of paper to beta site (bootstrap financed—raise $50K to $500K).

Valuation 167

Valuation Forecast Seed Stage .Net 167

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry. By the first quarter of 2016, the late-stage financing market had changed materially.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Startup Professionals Musings

APRIL 3, 2012

But I have found that making the right choice at the right time can have a major impact on your long-term valuation, and the decision process is complex. Angels are typically high net-worth individuals, investing their own money, interested more in early or “seed” financing of amounts starting as low as $25K. Team experience.

IRR 248

IRR Term Sheet Startup Valuation 248

Both Sides of the Table

AUGUST 17, 2009

This is part of my ongoing series “ Pitching a VC “ There’s a great meme developing this morning on the need to simplify funding terms and documents. The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests. I totally agree.

Founder Vesting 252

Founder Vesting Vesting Founder Term Sheet 252

Altgate

DECEMBER 16, 2010

→ More on Liquidation Preferences Posted on December 16, 2010 by admin A long time ago I had asked a VC about what pre-money valuation he was planning to put in a term sheet he had promised to send over. One of the least understood of these key terms is the liquidation preference.

Liquidation Preference 39

Liquidation Preference Pre-Money Valuation Term Sheet Valuation 39

Startup Professionals Musings

NOVEMBER 11, 2010

But I have found that making the right choice at the right time can have a major impact on your long-term success, and the decision process is complex. Angels are typically high net-worth individuals, investing their own money, interested more in early or “seed” financing of amounts starting as low as $25K. Team experience.

IRR 225

IRR Startup Term Sheet Angel Investor 225

Gust

OCTOBER 8, 2014

Cautionary note: No competent VC is actually fooled when you show up after raising $6M in seed financing and say you’re now raising an A! This is something I think entrepreneurs don’t totally understand and it’s worthwhile they do. Marc Andreessen (@pmarca) October 7, 2014. Why the latter? and there''s always a but].

Cap Table 136

Cap Table Silicon Valley Term Sheet Non-Compete 136

David Teten

DECEMBER 3, 2019

Small investment firms often have interns and entrepreneurs in residence passing through, each of which is a security risk. Chris Dixon, Partner, A16Z, observes , “Success in VC is probably 10% about picking, and 90% about sourcing the right deals and having entrepreneurs choose your firm as a partner”. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Rob Go

JUNE 17, 2014

In my last post about raising seed vs. jumping straight to A, I received a good comment from Chris Woods that my analysis neglected to include the impact of option pools that are created at each financing round. Net net, I think that currently entrepreneurs are able to manage this more effectively.

Option Pool 65

Option Pool Dilution .Net Term Sheet 65

A Smart Bear: Startups and Marketing for Geeks

JUNE 27, 2011

Most entrepreneurs would love to be in a position to have to decide! I just coached an entrepreneur who couldn’t decide whether to accept an offer for selling his business of nine years. It’s not the number, it’s the whole term sheet. “Net net,&# some people say. At what price?

Sales 235

Sales Term Sheet Stock Deal Structure 235

www.currentlyobsessed.com

MAY 28, 2010

Currently Obsessed Joe Heitzeberg – Entrepreneur | Tech Geek | MBA Home About Me Joe Heitzeberg is an internet entrepreneur who has started and sold two companies. I have to admit, the light bulb didn’t go off for me until I was negotiating term sheets. Read Terms that Hurt (Venture Hacks).

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42