YoungUpstarts

OCTOBER 28, 2015

They also need to decide whether to structure terms as an equity deal or a convertible security deal. These costs make it preferable to use a convertible security for a raise of this size and to structure as equity financing if you are raising closer to $2 million. ” The Cost of Financing. Even $15-20,000 is too expensive.

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

Gust

OCTOBER 29, 2014

Subject to specific rules and dollar limits (10% of your income in aggregate for all investments per year, etc.) you will be able to invest online, just as easily as buying books from Amazon.

Accredited Investor 157

Accredited Investor Securities and Exchange Commission Technical Review Due Diligence 157

View from Seed

MARCH 24, 2021

So, we decided to aggregate NextView’s “greatest hits.” That being said, there are benefits to learning from past reflections — especially as we near national re-opening, and the theoretical “end” of the pandemic. ” (Rob Go). ” (Dave Beisel).

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

Both Sides of the Table

JUNE 30, 2011

We all know the result of the over-funding of the asset class – poor returns in aggregate for the industry. Hedge funds and growth equity firms returning to their traditional segments of the market. The best firms have still delivered results, though.

Venture Capital 289

Venture Capital Early Stage Valuation Angel Investor 289

David Teten

JULY 25, 2017

Large private equity funds like KKR can afford to pursue a consulting model ( Capstone ), typically with associated fees, but that doesn’t normally make economic sense for a VC. the “TOPSCAN” framework from my research study on value creation by VCs ): T eam-Building – We aggregate openings across our portfolio on our jobs page.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Both Sides of the Table

MAY 15, 2010

But when the finally convert the debt to equity the round gets filed with the SEC and thus journalists often pick up on it. Sellers can lower transaction fees by aggregating purchases into fewer transactions, while also providing buyers with an attractive alternative payment method. They also avoid Reg D.

Stealth 285

Stealth SEC Advertising Accredited Investor 285

VC Adventure

AUGUST 15, 2018

Most boards did some level of work to determine the FMV of a company’s stock but generally options were priced between 10% and 15% of a company’s then preferred price (because common equity sits behind preferred equity there is typically a discount applied to the FMV of common stock to account for this “overhang”).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

Austin Startup

JULY 6, 2018

The below outlines how I would approach the decision: Cash and Equity. Very simply, what are you giving and what are you getting in return in terms of cash and equity for joining the program? This is something you should walk through with an experienced advisor, lawyer or otherwise, to prevent surprises.

Dilution 48

Dilution Startup Technical Review Equity 48

Startup Professionals Musings

SEPTEMBER 6, 2019

Today most startup investors still register with the SEC as “ accredited ” investors before they buy any startup equity in the U.S. These requirements for equity investing have been relaxed only a bit, with caveats, with recent crowdfunding changes. These may be aggregated by an angel group up to about $1M for an angel round.

Liquidity Event 224

Liquidity Event SEC Entrepreneur Accredited Investor 224

VC Cafe

NOVEMBER 28, 2010

I sraeli Private Equity is experiencing some serious growth, according to the IVC- GKH Quarterly Private Equity (PE) Survey conducted by IVC Research Center. Private Equity is relatively less developed than VC in Israel but with deep pockets. Aggregate PE Deal Value by Size (%).

Private Equity 100

Private Equity Equity Mezzanine 100

VC Cafe

MAY 4, 2011

IVC Research Center has released the Quarterly Survey of Israeli Private Equity Deals for Q1 2011. Eleven private equity deals in Q1 2011, amounted at $216 million, a 68% decrease from the $668 million in Q1 last year, and a 74% decline from the previous quarter ($826 million). Figure 1: Private Equity Deal Value by Quarter ($M).

Private Equity 99

Private Equity Equity Mezzanine 99

Agile VC

OCTOBER 23, 2012

And even if they wanted the index return, there is essentially no way to buy (or sell) a broad-based basket of VC funds in the way you can trade the S&P 500 or Russell 2000 or other public equity index. What about fund of funds (FoF), you ask? Aren’t they a form of bundled investment into the VC asset class?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

Both Sides of the Table

SEPTEMBER 29, 2013

With angel money being “packaged” and aggregated into large bundles it makes it easier for angels to ask for rights it might not otherwise have. In most deals angels have few rights. One of the most important rights is “pro-rata” rights to invest in subsequent rounds. Of course the same goes with traditional VCs.

Syndicate 356

Syndicate Syndication Cofounder Early Stage 356

Hippoland

JANUARY 4, 2017

Equity Traditionally, investors have invested in companies to receive equity, or shares in a company. The concept of equity rounds (also called priced rounds) is very straightforward. And as you raise money at later stages, you will most likely be raising equity rounds. The results are binary.

Convertible Security 48

Convertible Security Equity Security Silicon Valley 48

Startup Professionals Musings

SEPTEMBER 16, 2017

Today most startup investors still register with the SEC as “ accredited ” investors before they buy any startup equity in the U.S. These may be aggregated by an angel group up to about $1M for an angel round. Finally, it’s an opportunity to “give back” what you have learned in your own career for the next generation.

Liquidity Event 184

Liquidity Event SEC Accredited Investor Angel Investor 184

ReadWriteStart

SEPTEMBER 8, 2011

Auren Hoffman is the CEO of Rapleaf , a personal-data aggregator that has been the subject of a remarkable amount of controversy but is wildly useful as a data provider to must-see apps like Rapportive and Gist. Give early employees as much equity as you can - and reup them over time. Then you know where they're at.

Silicon Valley 130

Silicon Valley Hiring Technical Review Due Diligence 130

ReadWriteStart

APRIL 5, 2012

On Wednesday, a group of 13 companies presented to 50 investors, looking to raise an aggregate of $16 million in capital. Those who are accepted will receive an investment of $50,000 in return for some equity in their companies and intensive mentoring at its downtown offices, as we wrote about last year here.

St. Louis 127

St. Louis Kansas City Technical Review Kansas 127

The Equity Kicker

JUNE 6, 2016

When I look in my traffic sources now it’s all Twitter, Facebook, Google and aggregators like Mattermark, channels where posting daily makes much less of a difference. So I’ve posted pretty much every working day for nearly ten years now. But the world has changed.

Equity 60

Equity Aggregator Valuation Distribution 60

VC Adventure

MAY 10, 2020

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500.

SBA 79

SBA Affiliate Los Angeles Cap Table 79

YoungUpstarts

FEBRUARY 18, 2020

He has been involved in Texas real estate since 2003, and has acquired several apartment complexes in aggregate of over 4000 units and several commercial properties by co-investing with private equity groups, pension funds, sovereign wealth funds, family offices, and accredited investors.

Accredited Investor 147

Accredited Investor India Private Equity Cofounder 147

Steve Blank

APRIL 14, 2013

And they were increasing at an aggregate 33 million IOS and Android activations per month. Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

SiliconHills

JUNE 26, 2018

Newchip, the online platform that aggregates crowdfunding deals, announced recently that it has closed on $2 million in seed funding. Austin-based Newchip also launched an equity-based crowdfunding campaign on Wefunder. Wefunder is an equity-based crowdfunding platform that lets people invest as little […].

Seed Stage 54

Seed Stage Campaign Aggregator Equity 54

www.seriesseed.com

MARCH 2, 2010

.  That’s because there are not that many issues to negotiate in a simple equity financing.   Based on the comments received, both on the blog and in the many deals in which these documents have been used, I am convinced that the terms of a simple set of equity documents are really not an issue. 

Finance 58

Finance Term Sheet Equity Aggregator 58

David Teten

JULY 14, 2014

What that means is that a traditional 80% / 20% equity bond portfolio is set to lose a lot more money in a crisis than most investors are comfortable with. Katina Stefanova : The government is looking for effective ways to increase transparency in the aggregate risk of the system and hold investment managers accountable.

Management 114

Management Portfolio Institutional Investors Government 114

Startup Professionals Musings

SEPTEMBER 1, 2014

Direct seed funding, for a share of the equity, and introductions to investors. As evidence that it does work, TechCrunch recently aggregated the combined valuation of YCombinator graduates at $14.4 Mentoring and technical assistance from volunteer or paid experts. Health, life, and other insurance at group rates.

Incubator 247

Incubator Silicon Valley Startup Small Business Administration 247

View from Seed

MARCH 5, 2019

So it’s not really the case that Lyft’s riders (in aggregate) are using the service more often, but rather Lyft is getting much better at netting more revenue per active rider. Again as I highlighted above, in aggregate Lyft’s users aren’t taking dramatically more rides today then they were 3+ years ago. So what about those cohorts?

Aggregator 120

Aggregator IPO .Net Revenue 120

David Teten

SEPTEMBER 11, 2019

billion, and 12 have been acquired for more than $6 billion in aggregate since presenting at the AIR Summit. I will be speaking on “ Quant Investing in Private Markets: How Private Equity and VC Investors are Using Technology and Analytics to Drive Returns ”. . That’s a better track record than many VCs!).

Private Equity 60

Private Equity Cofounder Aggregator Equity 60

View from Seed

NOVEMBER 7, 2019

Aggregate VC investment in 2009 hits a low of roughly $20B, a figure last seen in 2003 in the wake of the bursting of the dotcom and telecom bubble and 2001 recession. Late stage rounds help keep companies private longer and eventually Facebook proves to be a blockbuster company… public equity investors hope to find the next Facebook pre-IPO.

IPO 202

IPO Early Stage Cofounder B2C 202

David Teten

DECEMBER 12, 2017

In his white paper How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood , PEVCTECH.com founder David Teten explored how private equity and venture capital investors are trying to automate more of their job. The industry is now dominated by hedge funds and other quant driven approaches.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

YoungUpstarts

JANUARY 7, 2013

These are the trends that online retail sites such as New Delhi-based ShopAtPlaces.com are riding on. They also found that the prices at which those products were manufactured and sold at the places famous for them was nothing as compared to the prices at which customers could buy them in other parts of the country.

India 217

India Private Equity Aggregator Mobile 217

Startup Professionals Musings

NOVEMBER 1, 2013

Today you still need to be registered with the SEC as an “ accredited ” investor to legally buy any startup equity. These may be aggregated by an Angel group up to about $1M for an Angel round. Today these are only legal in the USA for non-equity rewards or pre-orders, but the JOBS Act may relax the accredited investor rule soon.

Accredited Investor 219

Accredited Investor Liquidity Event SEC Stock 219

Steve Blank

APRIL 14, 2013

And they were increasing at an aggregate 33 million IOS and Android activations per month. Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

The Equity Kicker

MAY 20, 2013

Companies are aggregating global audiences and selling direct making new product categories viable which wouldn’t have worked when national distribution limited customers to single countries – companies which build communities around their interest area are particularly powerful in this regard – e.g.

Open Source 102

Open Source Venture Capital Software Review Aggregator 102

Agile VC

APRIL 17, 2011

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. Filing Date: initial S-1 filed Nov 17, 2010 , updated March 9, 2011. Founding Date: 2004. Headquarters: Norwalk, CT & Concord, MA.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Agile VC

MARCH 5, 2019

So it’s not really the case that Lyft’s riders (in aggregate) are using the service more often, but rather Lyft is getting much better at netting more revenue per active rider. Again as I highlighted above, in aggregate Lyft’s users aren’t taking dramatically more rides today then they were 3+ years ago. So what about those cohorts?

Aggregator 100

Aggregator .Net Revenue IPO 100

The Next Web

JANUARY 14, 2014

It aligns his interest with the equity holders. Few startups are transparent when it comes to salaries, so it’s interesting to see at least some aggregate data about the salary landscape as a whole. The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money.

Salary 167

Salary Silicon Valley San Francisco Founder 167

Scott Edward Walker

JUNE 9, 2019

For example, if an investor owns 20% of the equity of a startup on a fully-diluted basis following the closing of a Series A round, it will have the right to purchase 20% of the shares of the preferred stock issued in the subsequent Series B round. This is a huge red flag and founders should push back very hard.

Preferred Stock 56

Preferred Stock Term Sheet Dilution Stock 56