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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

AGILEVC My idle thoughts on tech startups. This also appears as a guest post at Fortune’s Term Sheet. A lot of people ask me what it was like raising the Series A round for LinkedIn back in 2003. I thought I’d revisit it and share the story… First, you have to rewind mentally to early 2003.

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The Austin Startup Diversity and Inclusion Pledge

Austin Startup

Back in December 2016 I had the idea to develop a startup pledge for diversity and inclusion here in Austin and since have informally been working with some folks to develop the idea. My goal is to get enough thoughtful eyes on the project to launch later this year. Anyone interested in helping, please let me know.

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The VC Inclusion Clause #MovingForward

Both Sides of the Table

In 2017 we began inserting an “Inclusion Clause” into our term sheets because we believe that the culture one establishes at the earliest stages of one’s business will set out the course of how it will grow and develop. We believe that diverse teams produce diversity of thought and that this leads to better decisions and outcomes.

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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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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

I can’t say it much simpler than this: “What if I took some of the worst, most egregious terms in a standard term sheet and made them the defacto standard in most convertible debt deals? Let me explain it more clearly in equity terms. I thought we got rid of that s**t in 2003? That’s right.

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New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’ | Xconomy

www.xconomy.com

Startups ›. View More in Startups ›. Of the 21 investments that Correlation Ventures has made so far, four are in life sciences startups and 17 are in technology, or consumer products and services. View More in Life Sciences ›. The Skqueak That Roars: New App Combines Drawing, Audio, Images. View More in Mobile ›.

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The Best Entrepreneurs Are Hyper Competitive & Hate Losing

Both Sides of the Table

I ran a marathon with my colleague in 2003 – I’m still bummed that he beat me even though he was clearly more athletic. Company B had already lined up a significant funding round ($20 million) from some of the most elite VCs on Sand Hill Road but hadn’t signed the term sheet. For me winning IS the fun.