Gust

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Bad Notes on VC

Gust

Me: So, you raised venture capital? 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. On the phone ….

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Valuations 101: Scorecard Valuation Methodology

Gust

– Need venture capital. This article was originally written in May 2001, revised extensively in January 2011 and again October 2011. Key partners in place. Need for additional rounds of funding. Another angel round. Positive other factors. – Negative other factors.

Valuation 146