Gust

AUGUST 6, 2014

In all cases, the one fundamental requirement is that the company and the investor agree on how much is being invested, and on what terms. These items are included in what is known as a term sheet. What the terms end up being, and how a company and the investor(s) arrive at that term sheet, can differ widely.

Term Sheet 170

Term Sheet Lead Investor Preferred Stock Common Stock 170

YoungUpstarts

JUNE 17, 2013

Understand a term sheet. Deliver a keynote. Build Links. Conduct customer interviews. Segment a market. Recruit and Train. Train an intern. Hire A Players. Replace B Players. Cold call C level executives. Write a novel. Raise Money. Build an advisory board. Tell an investor they’ve lost all their money. Command a board room.

Advisory Board 279

Advisory Board Balance Sheet Term Sheet Entrepreneur 279

Startup Professionals Musings

FEBRUARY 3, 2018

If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 140

Term Sheet Advisory Board Liquidation Preference Portfolio 140

techcrunch.com

SEPTEMBER 6, 2012

It consists of a standard term sheet, automatically generated closing documents, and tools to manage the process including electronic signatures, managing wire information, generating PDFs, and more. For a seed stage round, legal fees can be upwards of tens of thousands of dollars, which is costly for a bootstrapped startups.

Term Sheet 70

Term Sheet San Francisco Technical Review Seed Stage 70

crowdSPRING Blog

JUNE 6, 2013

A founder-friendly term sheet – [link]. 40 Bootstrap Tools and Generators for Web Developers – [link]. But sadly, just many puppies – [link]. Four Things To Consider If You Want To Scale Your Startup | Forbes – [link]. Sales Leads On A Small Budget – [link].

Social Media 95

Social Media Small Business Design Media 95

Startup Professionals Musings

MARCH 17, 2019

When determining your walk-away position, you need to understand your best alternative to agreement, and have a Plan-B (bootstrapping, competing investor, or more time). On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Always wait for the investor to play his hand.

Term Sheet 201

Term Sheet Bootstrapping Finance Reputation 201

Life Beyond Code

SEPTEMBER 27, 2011

Our community has successfully established a culture of bootstrapping as a counterforce to the compulsive rush to financing that entrepreneurs mistakenly often engage in, only to be rejected over and again by investors. Team building strategies – what is appropriate for a bootstrapped stage versus what is needed for funding.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

Startup Professionals Musings

JULY 3, 2014

If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping. Angel and venture capital money always comes with strings attached, starting with the obvious ones outlined in the term sheet for the deal.

Term Sheet 237

Term Sheet Advisory Board Liquidation Preference Startup 237

Startup Professionals Musings

AUGUST 16, 2015

If the entrepreneur wants total control of their own venture, with no one looking over their shoulder, they should work within the limits of their own resources, a process called bootstrapping. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 120

Term Sheet Advisory Board Liquidation Preference Angel Investor 120

Startup Professionals Musings

MARCH 20, 2017

When determining your walk-away position, you need to understand your best alternative to agreement, and have a Plan-B (bootstrapping, competing investor, or more time). On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Always wait for the investor to play his hand.

Search 146

Search Term Sheet Bootstrapping Finance 146

Startup Professionals Musings

DECEMBER 4, 2013

When determining your walk-away position, you need to understand your best alternative to agreement, and have a Plan-B (bootstrapping, competing investor, or more time). On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Always wait for the investor to play his hand.

Term Sheet 246

Term Sheet Bootstrapping Finance Reputation 246

Startup Professionals Musings

OCTOBER 26, 2012

When determining your walk-away position, you need to understand your best alternative to agreement, and have a Plan-B (bootstrapping, competing investor, or more time). On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Always wait for the investor to play his hand.

Entrepreneur 248

Entrepreneur Term Sheet Finance Bootstrapping 248

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! Kenya is the most advanced for mobile payment. Find people to help you through the raising money process.

CTO Hire 49

CTO Hire Cofounder Fractional CTO San Francisco 49

ReadWriteStart

OCTOBER 6, 2011

Our community has successfully established a culture of bootstrapping as a counterforce to the compulsive rush to financing that entrepreneurs often mistakenly engage in, only to be rejected over and again by investors. The company has generated excellent investor interest and multiple term sheets.

Silicon Valley 118

Silicon Valley India San Francisco Entrepreneur 118

Startup Professionals Musings

AUGUST 1, 2011

When determining your walk-away position, you need to understand your best alternative to agreement, and have a Plan-B (bootstrapping, competing investor, or more time). On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Always wait for the investor to play his hand.

Term Sheet 232

Term Sheet Bootstrapping Finance Startup 232

Startup Professionals Musings

AUGUST 3, 2015

I would recommend a budget of at least $10,000 to prepare documents for pitching, legal fees for term sheets and contracts, travel expenses and assistance fees. Even today, more than 90 percent of new businesses are bootstrapped. Don’t believe the myth that finding outside investors is easy, an entitlement or even necessary.

Cost 120

Cost Angel Groups Due Diligence Silicon Valley 120

Professor VC

APRIL 1, 2010

There has been a lot of discussion and publishing of standard term sheets, including Y Combinator, TechStars and SeriesSeed. A good comparison of the various "standard" term sheets can be found at Start-up Company Lawyer. Marios firm, Wilson, Sonsini, even has a term sheet generator on their site.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! Kenya is the most advanced for mobile payment. Find people to help you through the raising money process.

CTO Hire 40

CTO Hire Cofounder Fractional CTO San Francisco 40

Steve Blank

NOVEMBER 5, 2009

Hopefully this will get more bootstrapping entrepreneurs focusing on making money instead of raising money. & Raising Capital Pitch Perfect 4 ways to get automatically rejected by an angel investor Raising Money Using Customer Development Due Diligence Checklist Term Sheet Archives (from Brad [.] Get back up and running.

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

David Teten

AUGUST 19, 2019

According to Brian Parks, “Bigfoot provides RBI, term loans, and lines of credit to SaaS businesses with $500k+ ARR. Our wheelhouse is bootstrapped (or lightly capitalized) SMB SaaS. We’re currently evaluating about 20 companies a month and issuing term sheets to 25% of them; those that fit our investment criteria.

Revenue 60

Revenue Technical Review Software Review Equity 60

The Next Web

FEBRUARY 27, 2014

Freshman are a piece of paper to beta site (bootstrap financed—raise $50K to $500K). So, collect a few term sheets from multiple investors, and compare and contrast valuations and other terms, and play them off each other to get the best deal.

Valuation 167

Valuation Forecast Seed Stage .Net 167

ReadWriteStart

DECEMBER 1, 2011

The team is led by Girish Mathrubootham and Shanmugam Krishnasamy, who have their roots in Zoho, a SaaS company that has revolutionized the category by drastically undercutting the CRM price-point by leveraging India to build a $100M+ 100% bootstrapped business. Freshdesk aims to do the same in Social CRM and already has paying customers.

Partner 113

Partner Tennessee Nashville India 113

A Smart Bear: Startups and Marketing for Geeks

JUNE 27, 2011

There are plenty of folks who wouldn’t sell their company for a billion dollars; Jason Fried and Joel Spolsky are public examples from the bootstrapped startup world. It’s not the number, it’s the whole term sheet. Most entrepreneurs would love to be in a position to have to decide! Most, but not all.

Sales 235

Sales Term Sheet Stock Deal Structure 235

ReadWriteStart

MAY 8, 2012

Like most first-time entrepreneurs, we were so excited by our first term sheet — and scared we wouldn’t get another — that we came very close to accepting it, even though the investors weren’t the best fit. For over a year, we bootstrapped because we couldn’t raise funding. Consider exploring an unorthodox approach.

Cofounder 140

Cofounder Startup San Francisco Silicon Valley 140

Feld Thoughts

OCTOBER 15, 2010

Dan Primack, who is now writing a great column at Fortune called Term Sheet used to do this; there are now guest writers (including me) who do this column. We bootstrapped the business because we had to and by 1993, when we sold the company to a large public company, we’d built a nice, consistently profitable business.

Term Sheet 106

Term Sheet Seattle Angel Investor Bootstrapping 106

Tim Keane

JANUARY 5, 2010

Term-sheets and Valuations: Thinking about Negotiations » January 05, 2010. Bootstrapping. Greg Gianforte: Bootstrapping Your Business: Start And Grow a Successful Company With Almost No Money. Startups and angels: Along the way to success. By Tim Keane, Angel Investor, Golden Angels Investors, LLC. October 2010.

Milwaukee 60

Milwaukee Wisconsin Angel Investor Bootstrapping 60

Tim Keane

MAY 20, 2010

« A philosophy of valuations and term-sheets | Main. Bootstrapping. Greg Gianforte: Bootstrapping Your Business: Start And Grow a Successful Company With Almost No Money. Startups and angels: Along the way to success. By Tim Keane, Angel Investor, Golden Angels Investors, LLC. If you're Gordon Gekko. 

Wisconsin 60

Wisconsin Angel Investor Bootstrapping Term Sheet 60

ithacaVC

APRIL 10, 2012

It is part of the startup routine, prior to fund raising, to bootstrap and be super frugal. Startup Z can use the VC’s term sheet pre-money valuation to figure out the right amount of options to grant to Mary/Joe to compensate them for the $100,000 in total. Enough said. Hope you all had a great holiday weekend.

Cap Table 49

Cap Table Pre-Money Valuation Stock Options Due Diligence 49

www.vccafe.com

MARCH 11, 2013

Design/Front End: Twitter Bootstrap : Include this in your website, and you are half finished. WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? Seed Term Sheet. Get Satisfaction. Event platforms. Eventbrite. Women Focus.

Software Review 53

Software Review Technical Review Startup 53

Tim Keane

MARCH 8, 2010

A philosophy of valuations and term-sheets » March 08, 2010. Bootstrapping. Greg Gianforte: Bootstrapping Your Business: Start And Grow a Successful Company With Almost No Money. Startups and angels: Along the way to success. By Tim Keane, Angel Investor, Golden Angels Investors, LLC. Do we really need this help?

Accredited Investor 60

Accredited Investor Wisconsin Angel Investor Bootstrapping 60

Professor VC

APRIL 7, 2011

From my experience, negotiating debt deals with an experienced investor will result in a number of the same terms and wont save much (if anything) on legal fees. Bootstrapping 101. Particularly, now that standard Series Seed docs are commonly used. So when does convertible debt make sense? Survey says VC's invest on Gut Instinct.

San Jose 36

San Jose Technical Review Angel Investor Valuation 36

Tim Keane

OCTOBER 11, 2006

  Telling a VC you have another term sheet -- when you don't 3.    Telling a VC you have another term sheet -- when you don't 3.  Bootstrapping. Greg Gianforte: Bootstrapping Your Business: Start And Grow a Successful Company With Almost No Money. October 2010. Categories.

Term Sheet 60

Term Sheet Wisconsin Angel Investor Bootstrapping 60

Cracking the Code

MARCH 28, 2022

In fact the term sheet was signed the day before the world went into lockdown! Even when we were bootstrapping, we made sure we had a yoga instructor come in twice a week for the team as everyone found it really valuable. It’s important to make sure you fit in your exercise. It’s a critical activity for my day-to-day work.

B2B 62

B2B Cofounder Small Business 62

Tim Keane

FEBRUARY 3, 2010

« Term-sheets and Valuations: Thinking about Negotiations | Main. | Bootstrapping. Greg Gianforte: Bootstrapping Your Business: Start And Grow a Successful Company With Almost No Money. Startups and angels: Along the way to success. By Tim Keane, Angel Investor, Golden Angels Investors, LLC. October 2010.

Marketing 116

Marketing Wisconsin Startup Angel Investor 116

The Startup Toolkit

NOVEMBER 28, 2011

I’ve heard about startups running this gambit to double or triple their valuation and it’s the reasoning behind the rule of thumb that you should never sign your only term sheet. Sometimes, you have the chance to pitch for an opportunity too good to believe.

Term Sheet 33

Term Sheet Bankruptcy Valuation Bootstrapping 33

www.paulgraham.com

APRIL 28, 2010

Bootstrapping (= Consulting) Some would-be founders may by now be thinking, why deal with investorsat all? We could not have bootstrapped Viaweb, for example. Bootstrapping sounds great in principle, but this apparently verdantterritory is one from which few startups emerge alive. How likely are they to offer you a term sheet?What

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Professor VC

JUNE 20, 2011

At this time, we had secured a term sheet from a co-investor from one of my other angel investments (Thanks, Graeme!) While bootstrapping, there are multiple options from doing as a side project, changing the business, raising angel or venture, etc. Bootstrapping 101. Survey says VC's invest on Gut Instinct.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28