Both Sides of the Table

JULY 22, 2010

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. It was accept the terms or go into bankruptcy so we took the money. Investors own 25%, the founders own 75%. Those were the dog days of entrepreneurship.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

Hearpreneur

SEPTEMBER 15, 2019

Our intrepid founder, Tomas Gorny, has a classic immigrant entrepreneur story. In 2001, I entered the publishing industry, figuring I could use the general services turnaround skills I had developed after B school in an industry in turmoil as a result of the internet and the changes. Those two pivots ended up being Flickr and Slack.

Entrepreneur 78

Entrepreneur Bankruptcy Bootstrapping B2B 78

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3. Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. Smart investors will want the founders and employees to be properly motivated post-financing, so there may be a way to a reasonable outcome for both you and your people. 3/29/1996: 22.3. 3/31/1997: 23.3.

Down Round 78

Down Round Marketing Preferred Stock Post-Money Valuation 78

Ben's Blog

JULY 16, 2013

3/30/2001: 26.3 Down rounds are bad and hit founders disproportionately hard, but they are not as bad as bankruptcy. Smart investors will want the founders and employees to be properly motivated post-financing, so there may be a way to a reasonable outcome for both you and your people. One would be wrong: 3/31/1995: 21.0

Marketing 46

Marketing Preferred Stock Post-Money Valuation Down Round 46

online.wsj.com

JULY 11, 2012

Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that theyll be better able to resist outside distraction and focus on making great products. One of its champions includes Jason Goldberg, the co-founder and CEO of online design retailer Fab.com Inc., Stock Quotes.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

Both Sides of the Table

JANUARY 16, 2012

I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. You need to build genuine relationships with these portfolio startup founders as well as trust with them and the rest will follow. It’s just a part of your ongoing activities as a founder. Always be fund raising.

Developer 366

Developer Silicon Valley PR Las Vegas 366