VC Adventure

AUGUST 15, 2018

As is true today, there was a requirement that options be priced at or above the “fair market value” of the underlying stock (otherwise there would be tax consequences to the optionee and sometimes to the company as well).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

Steve Blank

APRIL 11, 2018

Entrepreneurs defer getting more formal education because they correctly expect their productivity will be higher than the market can infer from just their educational qualifications. tax rate for individuals making over $100,000 was 70% and 90% (taxes on capital gains fluctuated between 20% and 25%.) Lemons Versus Cherries.

Entrepreneur 336

Entrepreneur Business Model Capital Gains Aggregator 336

www.seriesseed.com

MARCH 2, 2010

  In my opinion, the reason that capped convertible debt is the current market leader is that entrepreneurs have been conditioned over time to believe that convertible debt is (a) faster (b) cheaper and (c) better for them than equity investment.  Why use Series Seed Documents instead of capped convertible debt? 

Finance 58

Finance Term Sheet Equity Aggregator 58

K9 Ventures

OCTOBER 10, 2017

Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. Eventually, that vacuum was filled with capital gained even earlier than the Seed round — i.e., “pre-seed.”. Seed is the new Series A. (~$2M used get for building product, establishing product-market fit and early revenue).

Seed Stage 82

Seed Stage Finance Later Stage Equity 82