Both Sides of the Table

JUNE 27, 2021

We’ve had two companies where we had to bridge finance them several times before they eventually IPO’d We had a portfolio company turn-down a $350 million acquisition because they wanted at least $400 million. Consider: When GOAT started it was a restaurant reservation booking app called GrubWithUs … it’s now worth $3.7

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Both Sides of the Table

SEPTEMBER 18, 2014

Him: But then what if people don’t want to pay that price? People seem concerned about valuation. But people seem pretty focused on that number. There are a bunch of ways to offer cheaper pricing to people who commit early without notes. That way you don’t have a max or min price but you have a price.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Gust

SEPTEMBER 17, 2014

Him: But then what if people don’t want to pay that price? People seem concerned about valuation. But people seem pretty focused on that number. There are a bunch of ways to offer cheaper pricing to people who commit early without notes. People keep taking the sucker’s bet and I can’t talk them out of it.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153

Up and Running

JUNE 25, 2014

Sabrina: Scott, I’ll jump in right here to just mention to you that a few people have asked whether you’ll be, throughout, covering both startup and existing businesses. “How do I tackle my financing needs as a startup?” A lot of the businesses that I’ve talked to get seeded with initial money from people that they know.

Small Business 89

Small Business SBA Finance Bankruptcy 89

K9 Ventures

MARCH 23, 2011

The convertible note was really intended as an instrument for a “bridge financing” – when an equity round was imminent, and likely to occur, but the company needed some money in between. In that case, it made good sense to have a debt instrument, where the note holder then converted into equity when the financing occurred.

Pre-Money Valuation 132

Pre-Money Valuation Valuation Equity Liquidation Preference 132

Both Sides of the Table

MAY 15, 2010

In terms of topics we spoke about: - Do VC’s send your presentations around to other people if they don’t fund you? What I caution people about more is the implicit knowledge that is shared over time without VCs realizing that they’ve passed along knowledge they learned from you. short answer: very, very rarely. But it does happen.

Stealth 285

Stealth SEC Advertising Accredited Investor 285

venturehacks.com

OCTOBER 21, 2010

They may offer the truism that “you can’t hire good people as fast as you think.&# My suggestion was just another way of doing basically the same thing if people still face objections after the bottoms-up rationalization you advise. Stock Plans: Give the People What They Want - May 3, 2010 [.]

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68