Both Sides of the Table
JULY 22, 2010
Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. Those options need to come from somewhere.
Both Sides of the Table
SEPTEMBER 28, 2014
by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. We’re going to start aggressively spend money on marketing our product. We want a strong balance sheet (um, ok.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Both Sides of the Table
SEPTEMBER 25, 2010
Markets always evolve toward higher resolution. The key is making sure the second close isn’t too high (I think 50% of X sounds about right) because you’ll be adding on that dilution to yourself & “X&# investors will own less of the company. You may not need to use convertible notes to do it.
thebarefootvc
MAY 8, 2012
The best VCs are the ones that balance their optimism, vision and enthusiasm for startups with realism based on very real constraints (the primary one being his/her own time, but also includes market development and exit timing). Too many pivots, and you can lose the market opportunity, even with the greatest idea.
www.inc.com
SEPTEMBER 24, 2011
Sales & Marketing | Wednesdays. SALES & MARKETING. Online Marketing. Bringing Innovation to Market. a 50-employee provider of e-marketing solutions to small and midsize businesses, based in Needham, Mass. Besides the future potential earnings youre forgoing, youre also diluting your own ownership in the company.
Ben's Blog
JULY 16, 2013
What about the efficient market hypothesis? Aren’t markets rational? If markets behave rationally, one might expect the ratio of price to earnings to be reasonably stable over the period (click here for complete data set). 3/31/1999: 49.7. Because markets are not logical; markets are emotional.
Steve Blank
APRIL 10, 2019
In the 20 th century, the best companies IPO’d in 6-8 years from startup (and in the Dot-Com bubble of 1996-1999 that could be as short as 2-3 years.) Before these three went public, they weren’t unicorns – that is their market cap was less than a billion dollars. That made sense.
Expert insights. Personalized for you.
405 
Let's personalize your content