VC Adventure

NOVEMBER 14, 2012

I think this is driven both by entrepreneurs who want to take risk out of their business with more cash on the balance sheet, as well as by investors who, despite higher frothy valuations, are looking to hit certain ownership thresholds. This is an especially slippery slope when you have $ 7M or $ 10M on your balance sheet.

Balance Sheet 77

Balance Sheet Valuation Post-Money Valuation Early Stage 77

Steve Blank

JUNE 1, 2011

Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance. The Wrong Metrics.

Silicon Valley 290

Silicon Valley Business Model Venture Capital Balance Sheet 290

David Teten

JULY 10, 2017

Many large corporations face three seemingly disconnected challenges; they want: – Better returns on their balance sheet and underfunded pensions; – Access to the innovation economy to stay on top of the early-stage companies attacking their business; and.

Employee 60

Employee Balance Sheet Syndicate Syndication 60

Feld Thoughts

AUGUST 12, 2011

Tie the P&L forecast to the Balance Sheet and Cash Flow Statement and generate snapshots of what the Financial Statements will look like each year for the next 5 years. Feeling overwhelmed, Dick emailed his friend Josh, the CEO of an early-stage startup in Boulder, to see how they figured out all of this stuff.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Steve Blank

JUNE 1, 2011

Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup’s life are burn rate and cash balance. The Wrong Metrics.

Silicon Valley 258

Silicon Valley Business Model Venture Capital Balance Sheet 258

Both Sides of the Table

APRIL 14, 2012

Let me remind readers as I outlined in this post , there are VERY FEW M&A transactions for early-stage startup companies above $100 million. Just checked their balance sheet. They have $339 million in cash on their balance sheet. Many – MOST – are done in the $10-30 million range.

Valuation 316

Valuation Balance Sheet Dilution Term Sheet 316

Up and Running

FEBRUARY 8, 2016

While there are dozens of lessons I could take away from these entrepreneurs’ experiences, I want to highlight three common mistakes founders make in the early stages of a startup. Before you hire a bookkeeper, start with these five questions: Have you ever managed books for a business like mine?

Entrepreneur 60

Entrepreneur Software Review Balance Sheet Partner 60

VC Adventure

NOVEMBER 14, 2012

I think this is driven both by entrepreneurs who want to take risk out of their business with more cash on the balance sheet, as well as by investors who, despite higher frothy valuations, are looking to hit certain ownership thresholds. This is an especially slippery slope when you have $7M or $10M on your balance sheet.

Balance Sheet 48

Balance Sheet Valuation Post-Money Valuation Early Stage 48

Up and Running

MAY 9, 2016

There may be times, in the early stages of your business, where that’s what you have to do to pay the bills. What personnel will you need in the field, in management, and in the back office? Management Summary: Detail your core management team as well as guiding company principles.

SBA 60

SBA Demand Forecast Balance Sheet 60

Feld Thoughts

MAY 18, 2012

All fit in the context of continuous communications as I believe three things about early stage companies and their boards. The way most board meetings are currently conducted is a waste of time for management, significantly inefficient, and generally ineffective. Separate the monthly financials from the board meeting.

Balance Sheet 139

Balance Sheet Early Stage Email Management 139

Small Business Force

FEBRUARY 21, 2014

In early stage companies (and even some later stage or mature ones), there is no one area where most entrepreneurs and small business owners are lacking in just basic fundamentals, than in dealing with their company's finances and financial management. If don't generate it, you have nothing to manage.

Finance 37

Finance Management Forecast Entrepreneur 37

Berkonomics

AUGUST 27, 2015

Many thought that they were starting companies for their children and grandchildren to inherit and manage. The businesses frequently were the owner-manager’s only major asset. In other words, those intending to own and manage businesses for longer periods are more conservative and risk adverse.

Intellectual Property 48

Intellectual Property Balance Sheet Stock Options Valuation 48

ReadWriteStart

JUNE 13, 2011

The Wrong Metrics : Traditional startup board meetings spend an insane amount of wasted time using Fortune 100 company metrics like income statements, cash flow, balance sheet, waterfall charts. The only numbers in those documents that are important in the first year of a startup's life are burn rate and cash balance.

Silicon Valley 117

Silicon Valley Balance Sheet Metrics Early Stage 117

BeyondVC

SEPTEMBER 14, 2004

On the flipside, they can be a valuable source of input and guidance for a management team in the pursuit of maximizing shareholder value. Timing: For an early stage company, I typically like to meet in person every 4-6 weeks. Finance: -Plan vs. budget – income statement, balance sheet, cash flow statement.

Balance Sheet 99

Balance Sheet Technical Review Framework Stock Options 99

Both Sides of the Table

FEBRUARY 12, 2010

I recommend that the the first two slides in your deck be the two most important strategic topics your management team is grappling with. You’ll obviously have some data in a spreadsheet format (copied into PowerPoint) for things like your Income Statement, Balance Sheet and Cashflow Statements.

Startup 331

Startup Balance Sheet Forecast Early Stage 331

VC Cafe

JANUARY 22, 2021

The information in this post was provided and fact checked by AWS managers Moran Nir and Jonno Southam. The company also occasionally invests in startups out of the balance sheet (i.e. AWS Builder Space (Israel) – A non-equity program for early stage startups who are looking to accelerate their speed to market.

Technical Review 174

Technical Review Startup Venture Capital Incubator 174

Professor VC

APRIL 11, 2008

In fact, for a good laugh, I just went back and checked our accounting system, and at the end of one quarter in 2005, we were down to $143 cash on the balance sheet. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases.

San Jose 28

San Jose Angel Investor Venture Capital Balance Sheet 28

Small Business Force

NOVEMBER 9, 2011

First, you want to grow in a measured way so you can effectively manage the growth (and have the capital to support that growth). The business will no longer be so easy to manage. The challenges of the early stage will seem like "child's play" compared to the growth stage. Two fairly, self-evident points.

Balance Sheet 30

Balance Sheet Early Stage Salary Small Business 30

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. As many of your listeners may know, there was an incredible piece published by a gentleman from Founders Fund, discussing Tiger [Global Management] and how they’re focused on the speed and scale business. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Up and Running

AUGUST 20, 2018

You don’t do anything that doesn’t have a business purpose, so you don’t describe your management team (to name one example) unless you need that section for outsiders. Some information about each member of the management team and their role in the company. You start simple, and grow it organically. A company overview.

Business Plan 119

Business Plan Technical Review Lean Forecast 119

Altgate

MARCH 8, 2009

There are three types of venture investing (early stage, “growth&# stage and later stage. Early stage means the first real investors in a startup when the team could be as small as 5-10 people. Early stage investing is complicated, hard work. But some will be saved. So what to do?

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

Up and Running

JUNE 25, 2014

There’s limited financial information, a lot of times it’s very limited, there’s limited audit balance sheets, income statements and a lot of times the small business financial statements don’t really reflect how the business is performing. The other thing is that small businesses are much more difficult to underwrite than consumers.

Small Business 89

Small Business SBA Finance Bankruptcy 89

Professor VC

AUGUST 26, 2011

How much needs to be shown in the form of a cashflow statement, and balance sheet? I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. The importance is what is behind the numbers. How do you think?

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35

David Teten

JUNE 1, 2011

Panel 1: Creating The Right Deal Flow — Creating & Managing Sustainable, Replicable Strategies. Much of this is done for quarterly earnings management reasons. the manager won’t realize the loss which will affect their business unit’s reporting and therefore their personal bonuses). Financials (e.g.,

Private Equity 122

Private Equity Deal Flow Equity Developer 122

Professor VC

JANUARY 20, 2009

million from Lighthouse Capital Partners , which ultimately became critical to our balance sheet and they turned out to be a great partner as we worked through the equity financing process. We decided to raise some venture debt as an insurance policy and extend our cash runway. We drew $1.5

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Agile VC

DECEMBER 6, 2012

A little more inside baseball from the VC biz… why VC’s rarely make “crossover” investments, with capital from multiple funds the VC firm manages invested in a single startup (see note 1). For example Acme III might be willing to invest in a Series B or C stage company in Year 4 of the fund (e.g.

LP 178

LP Balance Sheet Differentiation Limited Partner 178

YoungUpstarts

MAY 30, 2011

In the early stages of the human race creativity was confined to learning the basics of survival – making fire, joining wheels, moulding tools, fashioning rudimentary clothes, building primitive shelters. The first group of these is the foundation of an ongoing, successful society which cannot function without them.

Singapore 154

Singapore Balance Sheet Asia Early Stage 154

The Startup Lawyer

JANUARY 6, 2011

Sure – AOL Ventures is the VC arm of AOL , focused on early stage investing in consumer internet businesses. Remember we’re a minority investor in early stage companies, so the best we can do for our companies is present options for them – at the end of the day those decisions are up to the entrepreneur and the company board.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58