David Teten

FEBRUARY 9, 2015

If you are testing the market to see what terms you can get, just say, “We are targeting to raise $X at pre-money valuation of $Y.” We almost always require a demo, or at least a mockup. Business Model. How do you make money? ” Investors value getting a sense of your expectations.

Venture Capital 60

Venture Capital Pre-Money Valuation Prospectus Early Stage 60

Professor VC

JANUARY 17, 2008

While currently free to angel groups, their business model revolves around aggregating the angel investment data. Again, I see nothing wrong with this, although entrepreneurs often prefer convertible debt as it defers the valuation discussion and leaves the Series A price for the venture firm to set. How Much Diligence is Due.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

www.paulgraham.com

OCTOBER 23, 2010

Microsofts originalplan was to make money selling programming languages, of all things.Their current business model didnt occur to them until IBM droppedit in their lap five years later. Some angels, especially those with technology backgrounds, may be satisfied with a demo and a verbal description of what you plan to do.

Startup 105

Startup Cofounder Software Stock 105