David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

Revenue 60

Revenue Technical Review Software Review Equity 60

Reid Hoffman

JULY 27, 2021

Notice that I didn’t say I wouldn’t invest in a founder with an MBA; there are many amazing entrepreneurs and investors with MBAs, such as my friend Aneel Bhusri of Workday. Like many first time founders, I ran over that landmine. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

Notice that I didn’t say I wouldn’t invest in a founder with an MBA; there are many amazing entrepreneurs and investors with MBAs, such as my friend Aneel Bhusri of Workday. Like many first time founders, I ran over that landmine. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Both Sides of the Table

OCTOBER 19, 2009

Another called Parker Harris, the co-founder and CTO. My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. Distributed version control model – first in the industry like ours and we are filing patents.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

K9 Ventures

APRIL 27, 2011

I have confirmed with the founders that none of the information contained herein is deemed confidential and is therefore fair game for me to share in this post. The founders of the company — Arlo Faria and AJ Shankar — were PhD students in Computer Science at UC Berkeley. In April 2008, I was introduced to Ugmode, Inc.

Software Review 134

Software Review Technical Review IP Finance 134

Startup Lessons Learned

MAY 31, 2019

The reality today is that capital is more available than ever and entrepreneurs have become more sophisticated, so founders are looking for more than just cash from their venture backers. They’re looking for guidance on building the company, the ability to tap into a VC’s network, and help with potential business opportunities.

Lean 108

Lean Venture Capital Conversion IPO 108

The Next Web

AUGUST 26, 2012

Make sure you check and understand the term sheet and overall deal. The terms should allow you to drive in order to arrive at the first destination safely. One person cannot be the best lawyer, product developer, finance person, user experience designer, visual designer, business developer and sales person all at once.

Bankruptcy 121

Bankruptcy Technical Review Intellectual Property Due Diligence 121

Up and Running

MAY 18, 2016

You’ll learn more about what destroys startups, how to use the Customer Development method to succeed, how to use the Business Model Canvas, how to identify and keep your customers, and how to drive profits. Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers.

Startup 80

Startup Venture Capital Angel Investor Lean 80

Life Beyond Code

SEPTEMBER 27, 2011

Through this journey, we have raised the visibility of fundamental issues like the causes of exorbitantly high infant entrepreneur mortality, and alerted the entrepreneur community with a simple observation: Entrepreneurship = (Customer + Revenue + Profits); Financing is Optional. The rest of the services are for paying members only.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? How many are there?

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

steveblank.com

JULY 8, 2011

Managewith.us - Collaborative Task Manager Mavenlink - manage project communications, documents, schedules, budgets, payments Industrial Logic – Agile eLearning Misc Office Help Google Apps – cloud mail server, calendar, docs, etc.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

Steve Blank

JANUARY 4, 2010

A lot of entrepreneurs think that their startup is the next big thing when in reality they’re just building a small business. A first order filter is whether the founders are aiming for a scalable startup. Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google.

Hockey Stick 276

Hockey Stick Venture Capital Startup Cofounder 276

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. Russell Rothstein, Founder and CEO, IT Central Station , a product review site, said, “We see VCs on our site very often. 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Professor VC

APRIL 1, 2010

One comment made by Jason was that angels tend to be less sensitive than VCs on valuation and can potentially make it difficult to get a venture financing done at acceptable valuation. A related topic is the standardization of terms. A good comparison of the various "standard" term sheets can be found at Start-up Company Lawyer.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Scott Edward Walker

FEBRUARY 9, 2020

I’ve been doing M&A transactions for 25+ years (including nearly eight years at two major New York City law firms), and I wanted to briefly discuss an important issue for founders interested in selling their company: the distinction between strategic and financial buyers. What Are Financial Buyers? Should I Avoid Financial Buyers?

Private Equity 59

Private Equity New York City Equity Deal Structure 59

www.xconomy.com

JUNE 9, 2012

Sakti3 Founder Sastry to Step Down From U-M. VP of Strategic and Emerging Business Development, Microsoft. Co-Founder and CEO, Wetpaint. Founder, DEKA Research and Development Corporation. Subscribe for Free. Xconomy San Diego. Our Cities ▾ Boston ›. Ministry of Supply Puts MIT Engineering Cred Into Dress Shirts.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

www.vccafe.com

MARCH 11, 2013

.” Hackernews list of “Tools of the Trade” for startups - includes over 150 SaaS tools used by startups, and over 150 comments with interesting insights from founders. easy business finance software. YCombinator Series AA Equity Financing Documents. model legal documents. Founder Equity Issues.

Software Review 53

Software Review Technical Review Startup 53

SoCal CTO

JULY 13, 2010

One of the highlights of my trip was a startup dinner which included Jason Fried and David Heinemeier Hansson, the founders of 37signals. How-to learn about angel/vc term sheets - Gabriel Weinberg , June 28, 2010 I think every startup entrepreneur (and angel investor) should have a good understanding of financing term sheets.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

Up and Running

JULY 26, 2013

A: Just focus on the market need, your business model, your team, what you’ve accomplished to date that is relevant to the investment, and your funding needs. Most sophisticated investors will already have terms they typically prefer in a deal, but they should be open to discussion. Did we miss your question?

Elevator Pitch 79

Elevator Pitch Angel Investor Term Sheet Business Model 79

This is going to be BIG.

JANUARY 22, 2018

The responses I got came at a time when I've been having a lot of conversations with female founders as well about their fundraising experiences. At this moment, I'm in the process of backing three companies that have at least one female founder and I just finished a round for a black female founder in December. Ducks head.]

Founder 100

Founder Conversion Naming Term Sheet 100

Professor VC

JUNE 20, 2011

Financing, that is.I Since the iControl system chronicles all meetings, I was able to find the automatic picture snapped from my first meeting with the founders, Reza Raji and Chris Stevens on April 22, 2004. Now that iControl has raised over $100M, this got me thinking back to our original business plan. ProfessorVC.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Both Sides of the Table

FEBRUARY 14, 2016

When I was an entrepreneur there was no public information about how term sheets worked or how investors thought. Why Financing in Falling Markets is So Damn Difficult. Many founders don’t understand why inside rounds are so difficult. All of these are false. And so it goes. Back to my non-VC example.

Valuation 150

Valuation Down Round Startup Later Stage 150

Professor VC

FEBRUARY 12, 2015

investment bankers, while the dot com bubble was driven by investment bankers willing and able to convince institutional and retail investors that companies didn''t need to have a business model or even a way to exist without relying on additional investment. No, the question today is not whether these unicorns are viable businesses.

Las Vegas 28

Las Vegas IPO Pre-Money Valuation Valuation 28

Professor VC

JANUARY 20, 2009

The latest statistics from VentureSource show 554 financings in Q4, down from 620 in Q3 and 718 in Q4 2007. On that front, I take pride in the second headline with news that Fliqz , where I am CFO, just closed on $6 million in Series C financing. Labels: bootstrapping , CFO , Fliqz , venture capital , venture financing.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

SoCal CTO

JANUARY 5, 2011

Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc. 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication? . -

Silicon Valley 378

Silicon Valley Startup Term Sheet Venture Capital 378