Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. They talk about] businesses which are not contractually recurring revenue in the parlance of recurring revenue run rates. Dan Kimerling: I love 2001: a Space Odyssey. That scares me. That was one aspect of it.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Both Sides of the Table

SEPTEMBER 18, 2014

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. Your A round?

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Berkonomics

NOVEMBER 4, 2016

Originally created in the mid 1990’s to help with the imprecise problem of how to value early stage companies, especially those in technology, I developed what soon became known as “The Berkus Method” when published in the popular book, “Winning Angels” by Harvard’s Amis and Stevenson with my permission in 2001.

Valuation 48

Valuation North Carolina Oklahoma City Silicon Valley 48

Both Sides of the Table

DECEMBER 13, 2010

Within a year, by late 2000 / early 2001 consulting firms were firing people en masse. On July 27th, 2001 Accenture IPO’s and many of the partners grew fabulously wealthy. Since that date the S&P 500 is up 2.45% while Accenture stock is up 206% with revenue of $23 billion and a market cap of $32 billion.

Turkey 302

Turkey Differentiation IP Technical Review 302

ReadWriteStart

APRIL 2, 2012

The real truth is, since the "Internet bubble" burst in 2001, initial public offerings have not resumed the vitality levels of the late 1980s, let alone the boom years of the '90s. It refers to this specific, new group of young, low-revenue companies for whom some of the SOX reporting regulations will no longer apply.

IPO 121

IPO Startup Florida Seed Capital 121

Both Sides of the Table

SEPTEMBER 27, 2010

I discussed it in my post on the topic linked above. ** One small note: many VCs who got into the industry in 2001 or later have never seen a “carry&# check. This is evidenced by the current price creep that we’re experiencing for early-stage deals. We saw this with VC backed companies in 07/08.

Liquidity Event 308

Liquidity Event Silicon Valley Seed Stage Finance 308

Both Sides of the Table

SEPTEMBER 2, 2009

A friend of mine is a serial entrepreneur and is running a high-profile, early stage company in NorCal. We should end the year with a few million in fully recurring revenue and we’re projected to double next year. But more spend = more viral opps = more revenue down the road. >50% of our revenue in now viral.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Gust

SEPTEMBER 17, 2014

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. Revenue multiple? At an accelerator …. Your A round?

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

Gust

OCTOBER 20, 2011

In 2011, the valuation of pre-revenue, start-up companies is typically in the range of $1.5–$2.5 Such comparisons can only be made for companies at the same stage of development, in this case, for pre-revenue startup ventures. As can be seen the average (mean) pre-money valuation for recent pre-revenue deals is $2.1

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Hearpreneur

JANUARY 22, 2017

I specialize in brand strategy from the early stages through launch, and use my trusted network of groupies – from Web designers to photographers – to support the vision for brands I’m working with. I would joke that I was a music groupie and then I turned into an “entrepreneur” groupie.

Naming 48

Naming Entrepreneur LLC Software Review 48

Both Sides of the Table

FEBRUARY 25, 2010

I lived through this again September 2001. I’ve offered to fund an early stage company where I promised cash in bank in less than 30 days. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. I lived through this again September 2001.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301