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. I turned them down. They were nonplussed.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

Both Sides of the Table

FEBRUARY 25, 2010

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. million at a $15 million pre-money valuation. It was December 1999. Yes, this was stupid.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

David Teten

SEPTEMBER 16, 2014

approx 1999-07. Villalobos & Payne: “Startup Pre-Money Valuation: The Keystone to Return on Investment” 117. John Frankel started as an individual angel investor in New York in 1999. Sohl: “The Angel Investor Market in 2007: Mixed Signs of Growth” Unknown. 1961- 1996.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

VC Cafe

JANUARY 20, 2014

Last year, the VC industry partied like its 1999. New data from research firm Pitchbook makes it official: valuations are at an all-time high. Across all investment stages, median pre-money valuations last year rose dramatically. Some of the frenzy is driven by Wall Street. Seed-stage deals now require $5.1

Venture Capital 155

Venture Capital Pre-Money Valuation IPO 155

Agile VC

MAY 26, 2011

round which closed in November 2003, and the pre-money valuation between $10 million and $15 million. This is my 2nd time trying this, first time was in 1999. It was a $4.7M So from start to finish our fundraise took roughly four to five months. The rest, as they say, is history. A lot has changed. link] leehower.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Pascal's View

AUGUST 21, 2011

In April 2011, just prior to the Linked In, Pandora, and RenRen IPO’s, Fred Wilson reaffirmed his belief on his blog that we were not in a bubble in this sector: “I n all the posts over the past year or so outlining my thoughts on the financing and valuation environment in the internet sector, I’ve avoided using the word Bubble.

Valuation 50

Valuation Social Media Media IPO 50