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.
Both Sides of the Table
SEPTEMBER 25, 2010
With sufficiently lightweight standardized equity terms (and some changes in investors’ and lawyers’ expectations about equity rounds) you might be able to do the same thing with equity instead of debt. Either would be fine with startups, so long as they can easily change their valuation. I agree on all points.
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Agile VC
MAY 26, 2011
This also appears as a guest post at Fortune’s Term Sheet. At the end of the process, which ran into the fall of 2003, we received term sheets from two firms and had a third which expressed interest in participating though not leading the round. It was a pretty good valuation for the time. May 26, 2011.
Both Sides of the Table
JUNE 28, 2011
The trend of funding anything from the first $25k to funding $50 million at a billion+ valuation is unlikely to last as the skills and style to be effective at all stages are diverse enough to warrant focus. When I built my first company starting in 1999 it cost $2.5 million in infrastructure just to get started and another $2.5
Pascal's View
AUGUST 21, 2011
Welcome to the latest passionate debate over the ‘valuation bubble or not?’ For me Bubble will always be inexorably linked to what went down in 1999 and 2000 in the internet sector. On August 11, 2011 Dan Primack wrote on this topic in Term Sheet and concluded differently: “I believe that the current Internet bubble is economic.
Both Sides of the Table
JULY 11, 2010
I’m surprised how few people talk about valuations, term sheet terms, how much to pay recruiters, etc. The CIC, founded in 1999, is located adjacent to MIT and has more than 100,000 sq ft of space for nearby startups that qualify to be housed there. Now I gotta go and build it just to prove him wrong.
finance.fortune.cnn.com
AUGUST 21, 2012
Term Sheet. Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001. Fear & Greed.
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