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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. No gotchas.

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

Both Sides of the Table

These days there are many lawyers that will do equity deals cheaply as long is it is a standardized, simplified term sheet, early stage, no serious investor / management debates, limited IP / customers / due diligence and as long as they perceive you as a “hot&# company that’s likely to need legal services for many years ahead.

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

Both Sides of the Table

Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital. One of the successful investments was a company called Nigenisis, which ended becoming a public company in 1999. Is that when it became big?

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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. The Original Post (after the jump): Venture Capital, By Mark Suster (December 2nd, 2006).

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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. When I built my first company starting in 1999 it cost $2.5 At least in the consumer & business web.

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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. There were no explanations for all of the confusing details outlined in a term sheet. Founders don’t often think about “primary&# stock vs, “fully diluted&# stock in terms of voting rights.

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Who Else Wants to Raise Venture Capital?

Growthink Blog

How can I raise venture capital?" And when it comes to venture capital in particular, the vast, VAST majority of entrepreneurs go about it the wrong way. And if you go about raising venture capital like MOST entrepreneurs do, then you'll probably get the same results that most entrepreneurs do.