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The Changing Structure of the VC Industry

Both Sides of the Table

pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights. Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” ” Stated simply – if you seed funded Uber at $4.5m

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How and Why To Be an Angel Investor

David Teten

Angel investors are generally former entrepreneurs and/or executives, who invest in privately-held, early-stage companies. Sohl: “The Angel Investor Market in 2010: A Market on the Rebound”. Villalobos & Payne: “Startup Pre-Money Valuation: The Keystone to Return on Investment” 117.

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State of VC 2.0

View from Seed

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021.

Valuation 319
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State of VC 2.0

View from Seed

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021.

Valuation 295
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How Investors Think About Valuation of Pre-Revenue Startups

SoCal CTO

A lot of my time is spent helping early-stage companies get to proof points so that they can raise capital. They might have some seed money and are thinking or raising a Series A based on success of an early release (MVP). Bill Payne is an expert on how early-stage investors should look at valuation.

Valuation 198
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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

To give you a sense, for 2002 the entire US online ad market was $6B and had shrunk year over year (it was $25B+ for 2010). round which closed in November 2003, and the pre-money valuation between $10 million and $15 million. You can sometimes attract capital from farther away but typically harder to do at early stage.

article thumbnail

State of VC 2.0

View from Seed

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Both early- and late-stage startup valuations are currently elevated. For context, seed-stage pre-money valuations are up 24% from H1 2020 to H1 2021.

Valuation 156