Both Sides of the Table

JUNE 5, 2011

But the reality is that you’re faced with two problems: 1) the earlier the stage the riskier and thus more write-offs so you need to have enough ownership percentage in your winners to make up for the losers and 2) the earlier stage your check the more likely the company will need many more funding rounds behind you and thus you face dilution.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

Startup Lessons Learned

JULY 5, 2010

Brant and Patrick undertook a difficult challenge: to provide a generally accessible introduction to Customer Development, without diluting its impact or dumbing-down its principles. On the minus side, that has made it a wee bit hard to understand. I think theyve succeeded. The Entrepreneur’s Guide is an easy read. Amazon PostRank

Customer Development 166

Customer Development Developer San Francisco Customer 166

Startup Company Lawyer

MARCH 14, 2010

If new investors get better rights in a future equity financings (such as registration rights, price-based anti-dilution, redemption rights, etc.), Anti-dilution protection. Deleting anti-dilution rights saves several pages of text in the Certificate of Incorporation. Future rights. Right of first offer on future financings.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

www.inc.com

SEPTEMBER 24, 2011

Durkin , managing partner with the Boston -based law firm Lucash, Gesmer & Updegrove LLP. Besides the future potential earnings youre forgoing, youre also diluting your own ownership in the company. Chip Morse , cofounder and partner with Morse, Barnes-Brown & Pendleton P.C., based in Waltham, Mass.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

Startup Lessons Learned

OCTOBER 26, 2009

Every time you listen to customers, you fear diluting your vision. Every time you listen to customers, you fear diluting your vision. We were afraid that this was just the tip of the iceberg, and that once we “gave in&# to these five demands there would be five more, ad infinitum. That’s natural. That’s natural.

Advisory Board 151

Advisory Board Customer San Francisco Lean 151

Startup Lessons Learned

AUGUST 24, 2009

And as everyone’s attention starts to focus on those same indicators, their value is being diluted. We’ve learned that data can be used as a reality-check against vision without diluting the mission or reverting to “sum of all features&# focus groups. Which leads to the next problem: We need new status indicators.

San Francisco 113

San Francisco Lean Technical Review Distribution 113

Rob Go

SEPTEMBER 2, 2014

When we started NextView, there were relatively few seed focused venture capital funds in the country, even fewer on the east coast, and almost none in the Boston area. The founder sacrificed having potentially “smarter money” around the table, but got the same amount of dollars in the bank for less dilution.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

This is going to be BIG.

DECEMBER 28, 2013

The classes got too big and quality was diluted because, by PG''s own admission, YC " grew too fast.". All of the companies but one were funded in NYC, with the other in Boston. I''m thinking maybe I found about three dozen companies worth that much in the nearly 400 companies that have been through YC since Airbnb.

Venture Capital 152

Venture Capital Cofounder IRR Dilution 152

Startup Lessons Learned

JUNE 15, 2009

In fighting to have developers checking in code dictate production releases, you risk looking unreasonable and diluting a powerful message that everyone should agree on: "small batches of changes that are automatically and continuously tested" June 15, 2009 7:55 PM Matthew D Edwards said. Take a look and let me know what you think.

Continuous Deployment 167

Continuous Deployment Software Review San Francisco Lean 167

Agile VC

JULY 11, 2012

The names of these once great, now defunct firms may not be terribly familiar today but here are just a few examples: American Research & Development [Boston] –> Founded by George Doriot and depending how you count it, either the first or second formal VC firm in the US. Can’t wait for the next part. Read More ».

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

dondodge.typepad.com

JANUARY 15, 2011

Don Dodge on The Next Big Thing Thoughts on business and technology Home Archives Profile Subscribe About Me « Boston VCs gets first look at Y Combinator Demo Day | Main | Digg-nation is HUGE! The second and third rounds of funding take additional shares of equity and dilute existing investors and founders. 5% Managers -.25%

Equity 40

Equity Employee Dilution Valuation 40

Pascal's View

JANUARY 28, 2010

The most important startup centers are Silicon Valley, metropolitan Boston, Seattle and Austin and, increasingly, northern Virginia. And the issue of equity dilution, always high on the CEO’s agenda, often clashes with the agenda of all venture backers. gross domestic product and have created a total of more than 12 million good jobs.

Management 53

Management Silicon Valley Virginia Seattle 53

The Next Web

JANUARY 24, 2014

Think of Stanford and Sandhill road in Silicon Valley, Route 128 in Boston or IIT in Bangalore India. I believe it is our excessive urge to ‘act normal’ and disdain of ‘networking’ that dilutes our social glue. So we have plenty of economic clustering. What we lack is a heavy anchor that attracts hyper activity. How to fix this?

Netherlands 143

Netherlands Technical Review Stock Silicon Valley 143

www.paulgraham.com

APRIL 28, 2010

In Boston thebiggest is the CommonAngels. Whatkind of anti-dilution protection do they want? The angel now owns 200/1200 shares, or a sixth of thecompany, and all the previous shareholders percentage ownershipis diluted by a sixth. 3 ]If "near you" doesnt mean the Bay Area, Boston, or Seattle,consider moving.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Small Business Force

OCTOBER 22, 2017

Less dilution! That said, there are other geographic spheres of influence and concentrations of capital – New York, Boston, Chicago, Austin, Seattle – each with their investing philosophy and “old boys’ networks,” that most entrepreneurs don’t take into consideration. Don’t make this mistake.

Entrepreneur 25

Entrepreneur Angel Investor Valuation Investment Bankers 25