Gust

OCTOBER 8, 2014

I had very smart entrepreneurs where I gave the company $2-3 million and we raised anywhere between $3-5 million and when I put A-round in the term sheet they had their lawyers change it back to seed rounds. If you have raised $2-4 million from a bunch of high-net-worth individuals I simply don’t see it as an A-round.

Cap Table 136

Cap Table Silicon Valley Term Sheet Non-Compete 136

Rob Go

APRIL 19, 2017

Just last week, Axios announced that Stephen Marcus is raising a fund called Riot Ventures and Term Sheet announced that Nilanjana Bhowmik from Longworth will be joining Converge. I think having technical partners who have actually built machine learning systems will be a distinct advantage. First Star Ventures (FKA Procyon).

Early Stage 34

Early Stage Boston Artificial Inteligence Term Sheet 34

Hunter Walker

JANUARY 23, 2015

The promise was to be their partners of conviction for the 0-3 years of their company (nominally Seed until B Round). This is a conversation which should happen before the term sheet has been signed). Overdeliver on the promises we made to founders we backed. #3 It’s imperfect but works for us at this stage.

Cofounder 48

Cofounder Term Sheet Metrics .Net 48

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. I think there are some real virtues to that, however, when I talk to my business partner, Ishan [Sachdev], about it, I use a slightly different metaphor: I talk about Jiro [Ono], Nobu [Matsuhisa], and Benihana. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Reid Hoffman

JULY 27, 2021

Greylock Partners · Reid Hoffman | Philosopher Versus MBA. If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. The risk-averse argument is that a strong network is a safety net. TOP DRAWBACKS OF AN MBA PROGRAM.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

Greylock Partners · Reid Hoffman | Philosopher Versus MBA. If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. The risk-averse argument is that a strong network is a safety net. TOP DRAWBACKS OF AN MBA PROGRAM.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Lessons Learned

AUGUST 17, 2020

As she recalls, "once we as a team and ecosystem of stakeholders got our plan together--and a big part of that was our incredible school partners, who said, 'We are going to feed as many kids and families as we can,'-- within a week, we were building at light speed what would be the next iteration of Revolution Foods and our feeding system."

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Steve Blank

FEBRUARY 26, 2020

Luckily, I teach with two great VCs, Mar Hershenson of Pear Ventures and Jeff Epstein of Bessemer Venture Partners who both put together presentations unraveling the mysteries of how and why startups raise money. Series B is about proving your net revenue model (can you be profitable?).

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

This is going to be BIG.

FEBRUARY 21, 2019

While most of the money that goes into VC funds comes from institutions that are highly experienced in the asset class, some family offices and high net worth individuals also invest in VC. A lot of VC fund pitches—and I know this because I used to vet VCs for a living as an institutional limited partner at a pension fund—sound the same.

Accredited Investor 106

Accredited Investor Term Sheet Deal Flow .Net 106

www.paulgraham.com

APRIL 28, 2010

The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. One experienced CFO said: The better ones usually will not give a term sheet unless they really want to do a deal. Not all the people who work at VC firms are partners.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

techcrunch.com

NOVEMBER 2, 2010

Most of my initial venture partner meetings ended up in a conference room. I wouldn’t recommend this if you’re meeting with more than 2 people, but this meeting was one of my best and resulted in a term sheet. Every venture partner has his or her own ideal approach to learning about your business. Why did this work?

Technical Review 100

Technical Review San Francisco Framework Term Sheet 100

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. The Sharks Arrive With Dirty Term Sheets. The typical Silicon Valley term sheet does not include such terms.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

venturehacks.com

SEPTEMBER 22, 2011

For example, they may give you an exploding term sheet. The top firms are mainly in the business of making money for their limited partners by picking the startups that are going to succeed with or without their value add. But overall, an offer from a top-tier firm increases your valuation. They say so themselves. 1 is false.

Equity 40

Equity Cap Table Valuation RSS 40

Both Sides of the Table

APRIL 3, 2010

As a reminder, VC funds are comprised of money from LP’s (Limited Partners) that include university endowments, pension funds, high-net-worth individuals, insurance companies and large corporations. In a single fund of $100 million you might have 30 difference LPs.

Pre-Money Valuation 226

Pre-Money Valuation Venture Capital LP Term Sheet 226

www.currentlyobsessed.com

MAY 28, 2010

.&# 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). Read up on the “unwritten terms&# in term sheets having to do with exit multiples here For bootstrappers, the math is even easier: 100% of the upside goes to you and your awesome team.

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42