article thumbnail

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. After valuation in the video we went through Liquidation Preferences, Board Seats, Protective Provision, Voting Rights, Drag Along Rights, Redemption, Anti-Dilution and a few other key terms.

Valuation 405
article thumbnail

Retirement and Redemption « Steve Blank

Steve Blank

Alone in a ski cabin with the snow coming down outside, and my wife and daughters out on the slopes all day, I started collecting my thoughts by writing a series of “lessons learned” stories that I had hoped would become my memoirs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

One Book Every Entrepreneur and VC Should Own

Both Sides of the Table

When I first started as a startup CEO in 1999 there were no guides on raising venture capital. Redemption rights? This article originally ran on TechCrunch. tl;dr version: If you’re an entrepreneur or VC or will be working in this industry - buy this. Drag along rights? That sounds fine to me.

article thumbnail

Philadelphia University Commencement Speech – May 15th 2011

Steve Blank

My third story is about Failure and Redemption. As it turned out, rather than run me out of town on a rail, the two venture capital firms that had lost $12 million in my failed startup actually asked me to work with them. In 1999… with the company’s revenue north of $100 million…I handed the keys to a new CEO and left.

article thumbnail

Does Elon Musk + Peter Thiel = 3 or 1.5

Professor VC

Often times those involve trading within a venture capital portfolio or between two venture firms portfolios. But what about the case where both companies are well capitalized and doing well? one company running out of cash and another with cash but searching for a business model). Most never make it there.

Merger 28
article thumbnail

On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets

Ben's Blog

billion multi-stage venture capital firm focused on IT-related investments… I also serve on various investment committees, including for the St. Jude Children’s Cancer Hospital and the Stanford Medical Center, and teach entrepreneurship and venture capital at the Stanford Graduate School of Business. 1999-2000 51.6%