Both Sides of the Table

SEPTEMBER 15, 2010

I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel-good startups. Let’s call these cards 1996-99, 2005-08 and 2010+. got picked up early without raising a lot of VC. There has been a preponderance of early-stage deals that have seen quick exits.

Angel Investor 284

Angel Investor Early Stage Cap Table Deal Flow 284

Both Sides of the Table

APRIL 28, 2010

11.2mm in Series A, rumored pre-money of $35mm; $1.6mm angel raised in Jan 2010. In late April 2010, VentureBeat published that Blippy credit card numbers were published on Google search: [link] followed by Blippy’s response. Investors: August Capital (David Hornik) (lead) with existing investors Charles River Ventures.

Venture Capital 270

Venture Capital Cofounder Spain San Diego 270

Both Sides of the Table

AUGUST 30, 2010

Funnily enough I just answered this question yesterday on Quora when somebody asked, “Why would an early-stage investor specifically NOT prefer a convertible note structure to straight equity (e.g. Why many early-stage investors DO price rounds (e.g. a priced/valued preferred stock financing)?&#.

Equity 319

Equity Early Stage Angel Investor Valuation 319

Both Sides of the Table

SEPTEMBER 19, 2010

I wonder what this company would look like in 2010 as an independent? I remember 3 years ago when I lived in still lived in Silicon Valley and I was on the board of advisors of an early-stage, super-angel / early-stage VC backed startup. One of her early-stage investors, Jeff Clavier, played a very active role.

Silicon Valley 280

Silicon Valley Early Stage Portfolio Chad 280

Both Sides of the Table

SEPTEMBER 14, 2010

I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel good startups. If 2011 & 2012 look like 2010 then the current crop of angel investors will look great. There has been a preponderance of early-stage deals that have seen quick exits.

Angel Investor 152

Angel Investor Cap Table Early Stage Deal Flow 152

Both Sides of the Table

JUNE 5, 2015

The truth is that I’ve been warning about convertible notes since 2010 it was first declared that “convertible notes have won.” In the old days there usually weren’t convertible notes on early-stage deals and there weren’t party rounds with 20 angels or 6 seed funds. It’s very simple.

Pre-Money Valuation 150

Pre-Money Valuation Option Pool Post-Money Valuation Dilution 150

Both Sides of the Table

JUNE 18, 2010

We spent the first 45 minutes or so talking about industry trends (in this order): The history and background of True Ventures, one of my favorite early-stage VC’s (and the one with whom Om is a venture partner). first vertical to launch by 2010 Holiday Season. Potential competitors: Gilt Groupe , ShoeDazzle.

Venture Capital 225

Venture Capital Non-Compete Vertical Europe 225

Both Sides of the Table

JULY 5, 2011

Just as we launched a 2010 site they go all 2011 on us! In the past 15 years our partners have backed nearly one company every year that was early stage and eventually exited for North of a billion dollars. We liked this idea so much we decided to steal it from True Ventures. Just as we did they took it down from their website.

Early Stage 260

Early Stage Lead Investor Portfolio Partner 260

Both Sides of the Table

MARCH 6, 2015

. “There was no real framework for a $15 million fund at the time so I had to make one up … it was really sort of an experiment … I invested across Funds I & II in 90 companies” Jeff then raised $55 million in 2010 and $85 million in 2014.

Seed Stage 150

Seed Stage Silicon Valley Syndicate Syndication 150

Both Sides of the Table

MARCH 17, 2010

’ &# His message was that in 2010 great business can be built anywhere if there is a great team and the will to make it work. It’s not uncommon for incredibly smart and talented Phd’s or CS majors from Stanford to raise $10 million on an early-stage “platform&# that if it succeeds it will be huge.

Silicon Valley 290

Silicon Valley Technology Los Angeles Southern California 290

Both Sides of the Table

SEPTEMBER 27, 2010

This is evidenced by the current price creep that we’re experiencing for early-stage deals. But I wrote about one other point that I wrote back in March 2010 so it’s clear I didn’t just dream this up after today’s panel. It was obviously a joke and a reference to the supposed Bin 38 meeting.

Liquidity Event 308

Liquidity Event Silicon Valley Seed Stage Finance 308

Both Sides of the Table

AUGUST 24, 2015

So why invest in that period of uncertainty unless it’s early-stage and thus valuation matters less. But I can tell you from first-hand experience it was a real issue in 2008-2009 and the psychology persisted into 2010-11. If the next 30 days stays calm then investment will pick up. So plan your start date accordingly.

Stock 150

Stock Finance Marketing Valuation 150

Both Sides of the Table

MAY 23, 2012

So of course returns from 2000-2010 were subpar on average for the industry. By 2010-2011 this had shrunk by half again, averaging under $15 billion. We have lower costs to create companies – leading to more early stage innovation. Today’s Normalization. Fast forward to 2012 and none of these conditions hold.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Both Sides of the Table

MAY 15, 2010

Next Wednesday we’ll have Dana Settle of Greycroft Partners, a New York / LA early-stage venture capital fund. has demonstrated both high user engagement and better than average conversion rates of 1%-3.5% (versus 0.05% for traditional display advertising) for February 2010. Paperless billing for consumers.

Stealth 285

Stealth SEC Advertising Accredited Investor 285

Both Sides of the Table

DECEMBER 13, 2010

And coming to the end of 2010 I feel a sense of reminiscence of some of the trends from a decade ago. Investment in training, adherence to process, global knowledge sharing systems, quality control / partner reviews and campus recruitment programs that attracted the right talent.

Turkey 302

Turkey Differentiation IP Technical Review 302

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 could do more in 2010 with more VC investment; the doubling assumes only ratable increase in marketing spend to achieve profitability. I believe this is wrong. Let me start with a couple of stories. Two answers from me.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Both Sides of the Table

JANUARY 31, 2010

One doesn’t have to look beyond the most prominent technology bloggers, early-stage Silicon Valley angels or even some of the biggest names in tech (Marc Andreessen, Reid Hoffman, Marc Benioff) to find people suffering like I have been. So no prizes for guessing my New Year’s resolution for 2010.

Entrepreneur 308

Entrepreneur Silicon Valley San Diego Non-Compete 308