Remove 1999 Remove Cofounder Remove Technical Review Remove Term Sheet
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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

AGILEVC My idle thoughts on tech startups. This also appears as a guest post at Fortune’s Term Sheet. Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). How to Evaluate Firms for a Seed VC. May 26, 2011.

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Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

I had previously raised VC in 1999, 2000, 2001 and 2005. Another called Parker Harris, the co-founder and CTO. My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. That changed very quickly.

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Time is the Enemy of All Deals

Both Sides of the Table

When I was raising money for my first company we had closed a seed round in 1999 and were working on our A round. We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We ended up agreeing a term sheet for $16.5 It was December 1999. I was resolute.

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. Founders however are asked to take low salaries and never really get back the time they worked for free.

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