article thumbnail

Congrats to Backupify! A Great Exit Story for the First Company I Ever Backed

This is going to be BIG.

He was an interesting guy and I watched him throughout a bunch of interesting projects, like a complete open source business where all the employees got to make the decisions. I didn''t actually get to meet him in person until SXSW in 2007. That was the year Twitter took off. Venture Capital & Technology'

article thumbnail

A Seed Fund Grows in Brooklyn: Announcing Brooklyn Bridge Ventures

This is going to be BIG.

I got a term sheet out less than 100 days into the job and was lucky enough to get to work with my friend Rob May as a Board Member for my first investment, Backupify. I was no different--and the possibility of doing something on my own has been a long term goal. The Brooklyn ecosystem.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

And for ones that do get sold often most of the employees don’t really make huge upside gains. But we had a term sheet !!! I remember an employee asking me whether I’d fill out their paperwork to get a home loan when we only had 3 months of cash in the bank. It was 2007. You can’t believe it.

article thumbnail

Why Don't Universities Teach Sales?

Altgate

King&# Approach to Term Sheet Negotiations → Why Don’t Universities Teach Sales? King&# Approach to Term Sheet Negotiations → Comments are closed. A “Rich-vs.-King&# Posted on August 16, 2010 by fnazeeri They teach everything else. Bookmark the permalink. A “Rich-vs.-King&#

Sales 49
article thumbnail

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

Many term sheets ensued. By then I was still on the board of my first company but it hadn’t yet sold (it ended up selling in 2007 to a publicly traded French company). I had that against the backdrop of several term sheets. So by this point I hadn’t had an exit. Two answers from me.

Founder 329
article thumbnail

The Equity Equation

venturehacks.com

by Nivi on July 19th, 2007. Paul says, “Whenever you’re trading stock in your company for anything, whether it’s money or an employee or a deal with another company, the test for whether to do it is the same. Consider the opportunity cost of spending shares on employees and investors. · Jul 19, 2007.

Equity 40
article thumbnail

Should You Really be a Startup Entrepreneur?

Both Sides of the Table

And for ones that do get sold often most of the employees don’t really make huge upside gains. But we had a term sheet !!! I remember an employee asking me whether I’d fill out their paperwork to get a home loan when we only had 3 months of cash in the bank. It was 2007. You can’t believe it.