Remove 2000 Remove Founder Remove Syndication Remove Valuation
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Time is the Enemy of All Deals

Both Sides of the Table

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. million at a $15 million pre-money valuation. My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. Yes, this was stupid.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. It was a pretty good valuation for the time. It was a $4.7M link] leehower.