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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

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.

Valuation 405
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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

Not that they’re “such a bad idea&# but more that there are inherent problems for entrepreneurs in the process of raising angel money that need to be addressed. This leads to the problem of “herding cats&# for entrepreneurs raising angel money. Here’s where I feel common ground : 1. Violent agreement.

Finance 286
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Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

There was a lot of consumer internet activity again…resurgence of things, but it was still mysterious, venture capital was still kind of closed, 1st time entrepreneurs had a lot of questions that were unanswered, and there was still some sort of hand waiving around all the financing stuff and so we took it on….”. Is that when it became big?

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

This also appears as a guest post at Fortune’s Term Sheet. I also joke with Reid Hoffman that this was back in the days before he was “Reid” Reid’s an incredible entrepreneur, startup investor, and human being. How To Think About The Future. AGILEVC My idle thoughts on tech startups. May 26, 2011.

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One Book Every Entrepreneur and VC Should Own

Both Sides of the Table

tl;dr version: If you’re an entrepreneur or VC or will be working in this industry - buy this. When I first started as a startup CEO in 1999 there were no guides on raising venture capital. There were no explanations for all of the confusing details outlined in a term sheet. Drag along rights? I never did.

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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. 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. Experienced and serial entrepreneurs in the content management space. Folksonomy.

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I Want My CIC! … The Benefits for Startups to Be Co-Located

Both Sides of the Table

This past December I spent a week in Boston to try to get to know some of the local VC’s and entrepreneurs a bit better. I believe that first-time entrepreneurs also benefit hugely from working in close proximity to other companies. Entrepreneurs need to share more information with each other.