View from Seed

JANUARY 10, 2022

We’re running our new and improved accelerator program back, we’re doubling our offering and raising the valuation cap (hello $400K) , and we’d love for you and your team to apply. Benchmark Labs: San Diego, California. Comet Health: San Francisco, California . See nuts & bolts section below for more details.

San Diego 156

San Diego San Francisco Alabama Valuation 156

Both Sides of the Table

OCTOBER 21, 2009

On the third Wednesday of every month I co-chair a meeting called the SoCal VCA (venture capital alliance), which represents participants from all of the top venture capital firms in Southern California as well as prominent members of the Tech Coast Angels (TCA). Right now this isn’t robust because the buyers are bottom-feeders (e.g.

Technical Review 241

Technical Review IPO Southern California Venture Capital 241

Gust

DECEMBER 21, 2011

Boston, New York City, Seattle and Southern California spawn many exciting startups…but do not exceed the Valley in any measure of entrepreneurial achievement. Many other communities are entrepreneur-friendly and, by any measure, have the tools in place to spawn new high growth companies.

Silicon Valley 107

Silicon Valley Southern California Tucson Seattle 107

Both Sides of the Table

APRIL 20, 2011

During the first year of the fund they took forty-eight trips to California! Twitter wanted to raise money for this new venture at a pre-money valuation which was quite a bit higher than First Round’s $10 million limit. They decided to run the fund close to home in West Conshohocken, PA where they still have offices.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284

Startup Professionals Musings

JUNE 21, 2014

Back in the early 2000s, the Maker Movement took hold in California, based on the emergence of such do-it-yourself (DIY) tools as 3-D printers, Google''s SketchUp and makerspaces such as TechShop, with all the tools you need to make almost anything. A recent California event packed in 100,000 people.

Entrepreneur 246

Entrepreneur Detroit California Cofounder 246

Both Sides of the Table

JULY 25, 2010

Rincon is part of the new breed of Seed Stage VCs and with the leadership of Jim Andelman has charted out the most authentic early-stage investment strategy in Southern California. Any SoCal entrepreneur raising early-stage money should put Rincon on their short list.

Silicon Valley 293

Silicon Valley Technical Review Southern California Angel Investor 293

Both Sides of the Table

APRIL 21, 2020

million people EMPLOYED in California. A seed deal hasn’t already been “priced up” to a range where a new investor might be concerned about the valuation relative to performance. Optimize for a 1 not a 0 more than exact valuations now. Valuations may have changed and “price discovery” in private markets is harder to determine.

Marketing 263

Marketing Valuation Churn Rate Balance Sheet 263

Steve Blank

SEPTEMBER 14, 2009

Underwriters realized that as long as the public was happy snapping up shares, they could make huge profits on the inflated valuations (regardless of whether or not the company should have ever been public.) The valuations for acquisitions were nothing like the Internet bubble, but there was a path to liquidity, difficult as it was.

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Up and Running

AUGUST 29, 2014

A study co-sponsored by Crawford International and HR.com in Palo Alto, California in 2006 found that “companies that create adaptive corporate cultures outperform companies with non-adaptive cultures by a factor of 900 to 1 as measured by long term net income and stock price growth.” The most successful businesses have an adaptive culture.

Small Business 87

Small Business CPA Government North America 87

Growthink Blog

APRIL 15, 2015

in general and California in particular have in unique abundance. And that''s why that $2 billion valuation may not be so high after all. So both crossed off are domains where 80%+ of the world’s population’s live and work, and characteristics that the U.S.

Valuation 48

Valuation Venture Capital Finance Acquisition 48

Up and Running

OCTOBER 13, 2014

Either way, he says, these smaller firms gain major clients that fund further growth and drive their valuations higher. This trend is generally defined as using flows of information and knowledge from both within an organization and from external sources to accelerate innovative development. The Bottom Line for Small Businesses.

Intellectual Property 106

Intellectual Property Philadelphia Small Business California 106

Gust

DECEMBER 13, 2011

Note that I merged the two Southern California regions (LA/Orange County and San Diego) into one. Southern California*. Southern California = LA County, Orange Cty and San Diego Cty. In 2010, MoneyTree© reports that only 138 seed stage VC deals were done outside of California, New England, NYC Metro and the Pacific Northwest.

Seed Stage 162

Seed Stage Southern California San Diego Silicon Valley 162

Hunter Walker

SEPTEMBER 23, 2018

Phase 2 California + NYC (2015-2017). And at the same time, came upon a handful of amazing opportunities in Southern California (two in LA, one in San Diego). Some of these are generalizable and our friend Semil Shah does a nice job covering several in his post “ Investing Outside the Bay Area.”

Silicon Valley 99

Silicon Valley San Diego Los Angeles Southern California 99

Startup Professionals Musings

DECEMBER 24, 2012

But many entrepreneurs don’t realize that Angels are also extremely discerning in the projects that they will invest in, rejecting approximately 97% of the proposals submitted to them, according to the California Investment Network. Finalize your financial model.

Angel Investor 260

Angel Investor Intellectual Property Elevator Pitch Angel Groups 260

www.inc.com

SEPTEMBER 24, 2011

In the past few years, hundreds of small companies have been snatched up by private equity firms willing to agree to ever-rising valuations. Because many of these businesses dont yet have revenue, valuation discussions arent very scientific, and the process requires some haggling. Its easy to see where Graham is coming from.

Arizona 40

Arizona Equity Iowa Venture Capital 40

Scalable Startup

JULY 19, 2011

Most of my 25 year career has been in California; about half of those in Silicon Valley. The term Silicon Valley is now a misnomer – it has moved way beyond silicon and way beyond the original Santa Clara valley to spread all over California. If you want maximum scalability for your business, you should be in California.

California 20

California Southern California San Francisco Silicon Valley 20

mashable.com

OCTOBER 16, 2010

The competition for funding startups is increasing the valuations of startups, giving entrepreneurs and founders better investment terms. San Diego, California) Jobs Comentum is a dynamic and cutting edge company.Be Unfortunately, none are very focused on Florida (California and New York are the top two destination).

Angel Investor 83

Angel Investor Venture Capital Social Media Technical Review 83

YoungUpstarts

AUGUST 13, 2018

billion valuation. Mike Patryn actually started out going in an entirely different direction, earning a Master’s Degree in Behavioral Psychology from the University of California in Santa Barbara. Michael Patryn’s other focus has been on the burgeoning digital currency field. It’s currently classified as a unicorn, given its $1.3

Angel Investor 100

Angel Investor Entrepreneur Venture Capital Canada 100

Haystack

DECEMBER 30, 2018

If things hold up through lock-up periods, waves of cash will wash up in northern California. Ultimately, I predict these and other companies will go out soon, but for many of them, they may also go slightly underwater relative to their most recent private round valuations. How will they price Lyft (operating just in the U.S.)

Lock-up Period 103

Lock-up Period IPO New York Warrant 103

Both Sides of the Table

NOVEMBER 4, 2009

Let’s assume that the company raised it at a normal VC valuation, which means it gave up 33% of the company and thus $5 million / 33% = $15 million post-money valuation. In California that averages around 42.5% OK, you would own 0.25% of the stock. They raised $5 million in their B round.

Stock Options 418

Stock Options Stock Liquidation Preference Option Pool 418

The Next Web

APRIL 27, 2013

Just as the first California wine to win a blind-tasting in France in 1976 created legitimacy for all wine producers in Northern California and created hope for producers in places such as Chile, Argentina and Australia, the success of one tech entrepreneur in an emerging market can lead to a new valuation for all who follow.

Ecuador 144

Ecuador Tanzania Developer Silicon Valley 144

Gust

DECEMBER 16, 2012

But many entrepreneurs don’t realize that Angels are also extremely discerning in the projects that they will invest in, rejecting approximately 97% of the proposals submitted to them, according to the California Investment Network. Finalize your financial model.

Angel Investor 179

Angel Investor Intellectual Property Elevator Pitch Angel Groups 179

BeyondVC

APRIL 15, 2011

In addition, over 750 investors came in from all over including London, California, Boston, and DC to network and participate. I can't comment on the public markets but what I can tell you is how these Techstars companies raise capital and at what valuations and timeframe will surely provide us with some leading indicators.

New York 129

New York Sweat Equity Marketing Startup 129

BeyondVC

APRIL 15, 2011

In addition, over 750 investors came in from all over including London, California, Boston, and DC to network and participate. I can't comment on the public markets but what I can tell you is how these Techstars companies raise capital and at what valuations and timeframe will surely provide us with some leading indicators.

New York 129

New York Sweat Equity Marketing Startup 129

Up and Running

AUGUST 21, 2017

It’s understandable, then, that the term “unicorn” has come to be used routinely in the world of business funding to refer to those rare and beautiful privately funded startups—especially in the tech space—that have reached the upper echelon of valuation, being valued at over $1 billion. at around 27 million. Surprisingly different, actually.

Silicon Valley 86

Silicon Valley Venture Capital Valuation Later Stage 86

Cracking the Code

JANUARY 28, 2008

In June of 2008, Become.com was selected as Best Search & Comparison Site [link] by the Sloan Center [link] at the University of California, Riverside. California Avenue, Suite 110 Sunnyvale, CA 94086 T: 408-215-4627 ext. Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. Anonymous said.

Software Review 48

Software Review Technical Review Los Angeles Europe 48

Scalable Startup

APRIL 6, 2015

A $1 billion valuation used to be a big deal for a web based company that wasn’t one of the top few. Skip to 2013… Two years ago in the California startup world there was a lot of buzz, or anti-buzz, about the impending pop of the current hyperactive tech market and unsophisticated spending of.

Angel Investor 20

Angel Investor Technical Review Southern California Startup 20

YoungUpstarts

JANUARY 6, 2014

I remain the major shareholder in a number of what we consider “built-to-last” companies, all with strong valuations and ROI potential. My personal policy is to get the idea going, make it sustainable, hire passionate and experienced managers to take my place, then move on to the next challenge.

San Francisco 154

San Francisco Business Model Silicon Valley Coder 154

keen.io

FEBRUARY 5, 2013

Kirk was still unsure if he should be considering the offer at all, which for him meant leaving a new VP-track job at Amazon, giving back a signing bonus, and moving to California. Model 3: Industry Standards Comparison Lastly, I looked at some industry standard charts like these.

Salary 50

Salary Equity Startup San Francisco 50

Scott Edward Walker

APRIL 22, 2012

This part 2 will address the economics of a convertible note seed financing and the three key economic terms: (i) the conversion discount, (ii) the conversion valuation cap and (iii) the interest rate. What is a Conversion Valuation Cap? and (iii) what are the advantages of issuing convertible notes?

Pre-Money Valuation 72

Pre-Money Valuation Finance Liquidation Preference Founder 72

VC Cafe

SEPTEMBER 26, 2010

For consumer web startups, the more traction you show, the better valuation you will get. A good rule of thumb is to raise money when you need to start hiring, but this really depends on the context of your startup. Who to raise from? there are many sources of money and the fit once again depends on the context.

Elevator Pitch 102

Elevator Pitch Incubator Technical Review Startup 102

www.seriesseed.com

DECEMBER 9, 2012

Sets the valuation at the time of the investment. It would be helpful to get a California standard employee manual, employee contract/agreements, IP ownership release to company, and confidentiality. I'm interested to know why you didn't choose a convertible note structure. Posted by: toby | 03/01/2010 at 09:52 PM.

Finance 40

Finance Term Sheet Vesting LLC 40

Both Sides of the Table

MAY 24, 2021

Case in point, Procore just went public and is trading at an $11 billion valuation. sold to Disney for $670 million and since our first investment was at < $10 million valuation we did quite well. that plays a leading role in funding in the Central Coast of California. Instagram selling to Facebook. Maker Studios?—?sold

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

Early Growth Financial Services

AUGUST 21, 2015

EGFS is an outsourced financial services firm that provides accounting, CFO, strategic finance, tax, and valuation services to small to mid-sized businesses nationwide. EGFS is one of 652 California-based companies that made the 2015 list as a result of its tremendous growth.

San Jose 28

San Jose California Valuation Finance 28

mashable.com

OCTOBER 16, 2010

The competition for funding startups is increasing the valuations of startups, giving entrepreneurs and founders better investment terms. Unfortunately, none are very focused on Florida (California and New York are the top two destination). The YCombinator founder believes this means great things for entrepreneurs.

Angel Investor 84

Angel Investor Venture Capital Social Media Technical Review 84

Early Growth Financial Services

MAY 19, 2015

Co-hosted by First Ascent Associates and Runway Incubator, “Cannabis Startups: Exploring the Opportunities & Challenges” will take place on May 26, 2015 at Runway Incubator in San Francisco, California. Founder and CEO … Continue reading →

San Francisco 28

San Francisco San Jose Silicon Valley Incubator 28

Hunter Walker

JUNE 18, 2015

We like to turn startups into graphs – valuation graphs, usage graphs, market share graphs. We got fingerprinted and did a whole bunch of other things the State of California said was important. But they’re actually stories; stories about people. “David and Peyton are really sharp.” Usually involving food.

San Francisco 48

San Francisco Balance Sheet Cofounder Startup 48