K9 Ventures

JUNE 5, 2015

There were massive late stage rounds because all the big funds wanted companies which already had traction. Low supply of companies with traction drove the valuations and deal sizes up. Seed stage was super tough. A re-jiggering of deal stages and sizes had begun in 2013. Valuations are rising to match.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

View from Seed

JANUARY 26, 2016

There are a number of factors that have contributed to the rise of pre-seed rounds, but the strongest have been the frothy late-stage financing market, coupled with both the scaling-up of some of the early winners in the institutional seed ecosystem and the scaling-down of some larger funds that retrenched after the financial crisis.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

www.inc.com

SEPTEMBER 24, 2011

Finance | Tuesdays. Financing a Small Business. Financing A Small Business. Personal Finance. In the past few years, hundreds of small companies have been snatched up by private equity firms willing to agree to ever-rising valuations. But in 2007, after Jumpstarts success, he decided to get serious.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Austin Startup

AUGUST 20, 2017

Early stage startups have to survive one day at a time and are often presented with limited choices of the moment that enable them to continue. At early stages you probably don’t have an assembly line and can’t clearly define any particular job. Keep the valuations consistent with company progress.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

David Teten

NOVEMBER 17, 2011

I’ve often found it helpful to have on hand a simple model showing the impact of each financing stages on all team members, suitable for sharing with everyone in the company. Download the Startup Options Valuation model here. Download the Startup Options Valuation model here. Photo credit: dierken.

Employee 155

Employee IRR Startup Mexico 155

Cracking the Code

JULY 6, 2007

Friday, July 06, 2007. David Cowan , the Bessemer Managing Partner who pioneered early stage investments in automated subscription services ( Verisign , Postini , Netli.), The SaaS valuation you proposed assumed a monthly billing relationship. Is there a SaaS valuation model for *annual* subscriptions? anecdotes.

Software Review 66

Software Review Metrics Valuation Technical Review 66

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. In 2007, he was named the Anne Armstrong Leadership Fellow, a position given annually to the most promising young foreign policy professional. This doesn’t concern any specific industry, but that kind of behavioral finance.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

This is going to be BIG.

DECEMBER 28, 2013

YCombinator had a great run from 2007 through early 2009 investing at a time when there weren''t nearly as many seed funds and accelerators as there are now. My total valuation multiple across that span is nearly 4x and the return rate is up over 110% IRR. YC''s best investing days may be behind it. That''s less than 10%.

Venture Capital 152

Venture Capital Cofounder IRR Dilution 152

Both Sides of the Table

SEPTEMBER 14, 2010

But knowing the right people and knowing a market only works well for angel investors in bullish tech markets in which IPO’s happen quickly (97-99) or where larger companies are actively scooping up little tiny companies at sub $50 million valuations to drive innovation (05-08, 10-?). And the best early-stage investors know this.

Angel Investor 152

Angel Investor Cap Table Early Stage Deal Flow 152

K9 Ventures

MAY 14, 2011

In my view the terminology being used for early stage investors by the press and the media is not as clear as it should be. I’ve talked about this on several occasions when I’ve been at conference and on panels, but I figured it would make sense to do a post explaining my taxonomy of the early-stage investing world.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Altgate

DECEMBER 16, 2010

The data set is about 1,200 rounds of financing for US tech companies that completed the 2010 CompStudy survey. Hardware / semiconductors is stereotypically a capital intensive business, but the data suggest that more money is going into early stage deals than later stage deals. Not sure how to explain that.

Liquidation Preference 59

Liquidation Preference Early Stage Venture Capital Later Stage 59

Professor VC

JANUARY 17, 2008

If my math is correct, this is approximately a 31% IRR, which has to beat individual angel investments on aggregate and venture capital returns over the period of the study (1990-2007). Another comment which probably deserves more discussion is around valuation. Back to the panel.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

dondodge.typepad.com

JANUARY 15, 2011

Community is more powerful than money or technology » August 11, 2007 How much equity for investors and employees? Entrepreneurs face some pretty tough questions at a very early stage. How much equity should I grant to early employees? Dont worry about giving up too much equity at an early stage.

Equity 40

Equity Employee Dilution Valuation 40

Feld Thoughts

AUGUST 1, 2018

The $750 million fund combines all of our prior fund strategies – our early stage, early growth, and partner fund investments – into a single fund. For historical reference, our early-stage funds (FG 2007, FG 2010, FG 2013, and FG 2016) are all $225 million in size.

Syndicate 17

Syndicate Syndication IRR Canada 17

Professor VC

AUGUST 26, 2011

To that last one, there is certainly some truth as the standard time vs. revenue chart in most business plans looks like this: Im not teaching Entrepreneurial Finance this semester for the first time since Fall 2007. Labels: entrepreneurial finance , financial analysis , venture capital. Steve Bennet. at 3:15 PM. Newer Post.

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35

Cracking the Code

OCTOBER 10, 2008

Together, CMRR, Cashflow, Churn, CAC, and CLTV make up the “5 C’s of SaaS Finance. While the CAC ratio helps SaaS businesses at scale to manage their Sales and Marketing spend, the SLC is a helpful framework for early stage businesses before you have meaningful data. SaaS 13 Index Valuation. ► 2007. (10).

Software Review 48

Software Review North America Europe Metrics 48