Austin Startup

JULY 6, 2018

Ask the Users Startup Accelerators: Bundled and Unbundled Over the past several years, accelerators have emerged as a powerful filtering and signaling mechanism in early-stage startup ecosystems, allowing high-potential young startups to connect with investors, advisors, and other strategic partners far faster and more efficiently than before.

Dilution 48

Dilution Startup Technical Review Equity 48

Up and Running

DECEMBER 9, 2014

Bates: Good morning and welcome to our CEO panel, “How to Fine-Tune Your Small Business Finances From Funding to Growth” which I think is the direction that we would all like to be going. I’m here with some really phenomenal CEOs who are going to talk to us today about small business finances from funding to growth.

Small Business 95

Small Business Finance Forecast Metrics 95

Both Sides of the Table

JUNE 29, 2011

With new micro VC entrants into to early-stage investing plus increased competition from angels, incubators and the like – traditional VCs have taken notice. So VCs spent a couple of years experimenting with earlier-stage investing, which is OK. The Explosion in Early-Stage Innovation. There are also others.

Venture Capital 296

Venture Capital Software LP Early Stage 296

Feld Thoughts

SEPTEMBER 27, 2011

In today’s installment of our convertible debt series, we cover a specific case where the company is acquired before the debt converts into equity. Usually we see 2-3x, but in later stage companies, this multiple can be even higher. There are a few different scenarios. The lender gets its money back plus interest.

Conversion 96

Conversion Sales Later Stage Preferred Stock 96

www.vccafe.com

MARCH 11, 2013

VC Cafe covers early stage Israeli and European tech & mobile startups. easy business finance software. YCombinator Series AA Equity Financing Documents. Seed Stage Valuation Guide. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. VC & Startup Resources.

Software Review 53

Software Review Technical Review Startup 53

Startup Company Lawyer

JANUARY 9, 2011

Convertible debt with a price cap seems to be the preferred structure for early-stage financings. Over the last 12 months, I’ve noticed a trend where early-stage startup companies raise seed financings of between $250K and $1M using a convertible note with a price cap.

Liquidation Preference 57

Liquidation Preference Finance Preferred Stock Common Stock 57

Professor VC

NOVEMBER 14, 2011

Angel investments are highly risky and I would estimate that over 90% provide no return to equity investors. Are you refering to the various early stage platforms that are popping up? My skeptical side assumes that the intermediaries are the only ones that will make money in aggregate on these deals. Steve Bennet.

SEC 54

SEC San Jose Angel Investor Accredited Investor 54

VC Cafe

JUNE 19, 2020

Impact Investing has been around for a long time, most prominently since the 1960’s as companies and governments began engaging with the concept through private equity and debt investing in developing economies. Impact tech investors include Bridges Fund Managements, DBL, Accion, Elevar equity and Patamar, among others.

Venture Capital 174

Venture Capital Global South Africa 174

techcrunch.com

FEBRUARY 19, 2010

Tweet View Comments Sarah Lacy Feb 19, 2010 Pepperdine has a new study out that attempts to shed some light on the clubby, shadowy world of private finance. Researchers polled experts in lending, mezzanine capital, private equity, venture capital and private businesses themselves. A few more stats make that picture look worse.

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62

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

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. By the first quarter of 2016, the late-stage financing market had changed materially.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Professor VC

JANUARY 17, 2008

While currently free to angel groups, their business model revolves around aggregating the angel investment data. 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). return on investment after 3.5

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

David Teten

NOVEMBER 15, 2013

The average equity fund investor earned a market return of only 4.25%. This may make sense from the individual perspective of a given VC, but collectively it ensures that early-stage companies are overvalued. In aggregate, angels are significant investors. I can only think of a few exceptions to this zero-sum principle.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114