Remove 2001 Remove Early Stage Remove Marketing Remove Post-Money Valuation
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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

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. Industry standard post your first round of funding will be 15-20%. This is a shame.

Valuation 405
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Bad Notes on Venture Capital

Both Sides of the Table

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

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Taking Corporate VC: When It Makes Sense

View from Seed

It seems obvious but strategic investment only makes sense when that corporate VC is providing technology, market access, or other aid that cannot be obtained through a simple business relationship or from a startup’s other investors or advisors. 2) Is now the right time for us?

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Bad Notes on VC

Gust

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. You’ll find out the minimum when the next round is raised.

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Is the Unicorn Endangered or Extinct?

Professor VC

For example, Uber ( not a startup but someone should let TechCrunch know ) is private and has a valuation greater than 70% of the Fortune 500. Back in the day, tech companies typically went public at market caps in $100 - $250M range. Late private and early public investors were richly rewarded. or a market cap of $800M.