David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . We also use Carta , which specializes in cap table management and has just launched a fund administration service which we have transitioned to.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Hunter Walker

JULY 20, 2019

While this hasn’t happened to any of our portfolio CEOs in a while, there’s one reason for a VC passing on a funding round that just sets me off: “I wanted to do the deal but couldn’t convince my partners.” c) You never believed in the first place, and are blaming your partners versus just passing.

Partner 92

Partner Cap Table Vertical Portfolio 92

ReadWriteStart

SEPTEMBER 2, 2011

If you're earlier in the process, a small angel round or partnering with an accelerator may be the best approach. Next if you are going to raise a round, find one or two partners to do it with. Remember, once you screw up your Cap Table it's really hard to go back. Tip 2: Have a "real" lead.

Cap Table 125

Cap Table Term Sheet Liquidation Preference Technical Review 125

Up and Running

JULY 2, 2014

Picking the right attorney in your startup is as important as picking the right business partner. My business partner and I made many mistakes in our first tech startup, and so many of them were the result of choosing a lawyer who was a terrible fit. My business partner and I were elated. We set off to raise our money.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

Version One Ventures

SEPTEMBER 20, 2018

One of the most important decisions for a founder of an early stage company is deciding who should be on the cap table. We’ve written about doing your due diligence on investors and funds to make sure you find the right partners for the journey.

Cap Table 351

Cap Table Due Diligence Early Stage Portfolio 351

View from Seed

OCTOBER 11, 2022

I became certified as a professional coach through the Hudson Institute of Coaching to be a more mindful and effective partner on a founder’s journey. Consistent with how they approach the founders they back, they are trusted, high integrity, humble, no BS, and collaborative partners who prioritize the right things with each other too.

North America 156

North America San Francisco Cap Table Cofounder 156

Both Sides of the Table

MAY 19, 2018

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Some people find this elitist?—?I Entrepreneur : “Sure.

Cap Table 336

Cap Table Due Diligence Forecast Churn Rate 336

This is going to be BIG.

OCTOBER 22, 2014

Analysts support deals, but they don''t really vote on a deal in a way that carries the same weight as a partner. They certainly do their share of work to support a deal and often have the ear of partners when it comes to a lot of the consumer deals they do. They definitely weigh in on whether they like the management team.

Venture Capital 140

Venture Capital Cap Table Startup Early Stage 140

Both Sides of the Table

JULY 23, 2014

Limited Partners or LPs (the people who invest into VC funds) have taken notice as 2014 is by all accounts the busiest year for LPs since the Great Recession began. It’s hard to work out the cap table with your peers when one of them has no real intent in fixing the problem.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

JULY 7, 2015

All of my partners at Upfront do. If you have 50 investors on your cap table – I’m sorry but you really don’t know what the f**k they’re telling people about your company or whom they’re tell it to. We fund 10-12 companies per year at Upfront where I’m a partner. I agree up to a point.

Cap Table 150

Cap Table Cofounder Silicon Valley Startup 150

View from Seed

SEPTEMBER 23, 2019

Previous venture firms’ specific involvement on the cap table should be noted here, though. My partner Rob has previously written some thoughts on how to approach that conversation. For example, stating “angels” is fine, and even highlighting notable names can be useful, but it’s unnecessary to share an exhaustive list.

Cap Table 211

Cap Table Seed Stage Valuation Dilution 211

OnlyOnce

OCTOBER 28, 2021

And for the most part, the same is true about our cap table. No institutional debt like a messy cap table, legacy people issues, leases for offices we don’t want or need any more. At Bolster, we have three user personas — Member, Client, and Partner. First, I am working with a hand-picked group of people.

Cap Table 62

Cap Table Early Stage Cofounder Leadership 62

Hunter Walker

MARCH 14, 2019

Across town a different CEO is having a breakfast with her Series A Board partner. You almost spit out your coffee when she lets you know that she’s leaving for a Tier 1 firm but that her partners John, John Jr or Robert will be great stewards of your startup until she has the pull at her new gig to lead your next round.

Cap Table 95

Cap Table Dilution Silicon Valley Portfolio 95

David Teten

AUGUST 19, 2019

In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. We collect more data on an individual business than, to our knowledge, any other RBI investor, through our application process, data partners, and various public sources online. Bigfoot Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

View from Seed

DECEMBER 11, 2019

“I’m thrilled to announce that I’m joining [New Firm] as a Partner where I will continue to invest in great Founders across the industries I care about.”. “I In any professional service industry, there is natural shuffling in the junior roles, as the race up the pyramid towards a Partner title is like musical chairs.

Venture Capital 204

Venture Capital Cap Table Partner LP 204

Both Sides of the Table

AUGUST 2, 2014

The acquiring company wants 100% of the proceeds to go to founders whatever the cap table says because buyers care way more about incentivizing and locking in founders than they do about VC returns or legal provisions to protect VCs. It’s not an easy question even thought there are industry standards.

Cap Table 346

Cap Table Cofounder Stock Acquisition 346

Berkonomics

AUGUST 3, 2023

My experience with early valuations by founders for friends… I’ve arrived at a significant number of companies that were looking for additional growth capital after a “friends and family” round and had to “clean up” the cap table more than a few times over the years. It is most often a win-win for both you and the strategic partner.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

Both Sides of the Table

JANUARY 21, 2010

Focus on the partner you would be working with. One issue he talked about was working with partners. I also like to work with partners. But I also know it’s not realistic for the partners to do all of the work. In every firm there are A, B and C players. Good people and evil people. Get to know them.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

VC Adventure

JULY 27, 2011

My partners and I all have blogs which I think are good indications of our varied personalities, but we also provide a list of references (CEOs, other portfolio execs, other people who know us well) for them to look into how we really are to work with. Aren’t there lawyers involved? How could they let this happen?

Technical Review 120

Technical Review Due Diligence Cap Table Portfolio 120

www.readwriteweb.com

DECEMBER 29, 2011

If you're early in the investment process, a small angel round or partnering with an accelerator may be the best approach. Next, if you are going to raise a round, find one or two partners to do it with. Remember, once you screw up your cap table it's really hard to go back. Tip 2: Have A Real Lead.

Cap Table 47

Cap Table Term Sheet Liquidation Preference Technical Review 47

The Next Web

OCTOBER 21, 2013

Neil Rimer is a Partner and co-founder of Index Ventures. In these cases, the equation is basically unsolvable and doing a round with a venture investor risks entangling the founders in endless meetings and conference calls with their angel backers to find a compromise that will allow them essentially to rewrite their cap table.

Cap Table 128

Cap Table Option Pool Angel Investor Entrepreneur 128

techcrunch.com

APRIL 26, 2013

AngelList also partnered with SecondMarket to create an investment vehicle for these investments. That way, startups only have one entity in the cap table, which simplifies documentation and structure. European M-Payments Startup SumUp Partners With Revel Systems, An iPad POS Provider, For Its Push Into Europe.

SEC 61

SEC Accredited Investor San Diego New York City 61

Gust

OCTOBER 8, 2014

It is less about actual money and more about structure of your Cap Table. Invested Interests cap table venture capital' If it looks like an A-round, smells like an A-round & tastes like an A-round … it’s an A-round. My personal definition? But my advice to entrepreneurs – stop sweating the silly optics.

Cap Table 136

Cap Table Silicon Valley Term Sheet Non-Compete 136

View from Seed

JUNE 11, 2019

Building relationships with multiple partners at the firm. Having the lead partner agree to monthly “check-in” meetings post investment. In order to accomplish the things above, you will probably want to include more than 1–2 investors on your cap table. Remember Goldilocks, not too many, not too few. And stay in touch!

Syndicate 202

Syndicate Syndication Seed Stage Lead Investor 202

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

This is going to be BIG.

FEBRUARY 27, 2022

It’s being in a prime position to dictate the future of human-computer interaction while believing that the only thing keeping someone homeless is not knowing how to code as Founders Fund partner Keith Rabois does. That’s not being on the wrong side of the political spectrum. That’s just a woefully incomplete notion of a human in society.

Ukraine 128

Ukraine Russia Cap Table New York City 128

Pascal's View

JULY 9, 2017

The most serious unintended consequence occurs from “note waterfalls”— converting multiple notes that have multiple valuation caps. Many entrepreneurs lose track of what they have been cooking up in the cap table. They do not recognize that they may have already contractually sold a meaningful portion of equity in their company.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Board Effect

MAY 10, 2019

Capitalization tables—”cap tables” for those who don’t have time for extra syllables—map the balance of power in a company. If org charts are about people power , cap tables are about money power. In reality, however, cap tables are often far more complex. What is a cap table?

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

OnlyOnce

MAY 26, 2022

Do you spend a lot of your time dealing with finance-related issues like fundraising, debt, investors, or cap table questions? Do they spend time in-market with customers, partners, or vendors? They see it as strategic and as a partner to other parts of the business. Trust your gut. Other Signs Your CFO Isn’t Scaling.

Cap Table 62

Cap Table Forecast Finance Metrics 62

The Startup Toolkit

AUGUST 29, 2012

If you aren’t taken seriously by customers & partners , a highly credible industry advisor will be able to open every door for you. You probably don’t need to get the cap table involved in that. Just adding their stamp of approval to your pitch can make a world of difference.

Technical Review 38

Technical Review CTO Hire Cap Table Software Review 38

www.informationarbitrage.com

FEBRUARY 24, 2010

Home About Press IA Capital Partners Archives After 17 years in M&A, Derivatives and Trading, Im spending my time with young entrepreneurs in and around financial technology and digital media. So why do inexperienced (as entrepreneurs), ultra-skilled CTOs fall into the trap of engaging a business partner too early? Lack of confidence?

CTO Hire 40

CTO Hire Founder Cap Table Vesting 40

YoungUpstarts

JUNE 26, 2014

It allows you to truly focus on your product/idea instead of cap tables and keeping investors happy. If you lack a key component to running your business, consider finding a partner to handle that aspect. Consider working part-time as a transition into entrepreneurship. Have an original idea.

Cap Table 162

Cap Table Bootstrapping Naming America 162

BeyondVC

NOVEMBER 17, 2016

Our goal was to be the best first check partner for enterprise founders, bringing the value add of a VC firm while moving with the speed and conviction of an angel investor. Most importantly, we wanted to thank our amazing group of founders that we have had the privilege to partner with over the years.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

View from Seed

OCTOBER 15, 2014

This is pulled from NextView’s board deck resource, which was compiled using a combination of real startup board decks and input from NextView’s founding partners: Rob Go , David Beisel , and Lee Hower. Here’s an exact, step-by-step breakdown of how we’d recommend structuring it.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

Feld Thoughts

APRIL 9, 2012

The idea started some time last year when Katherine McIntyre, my partner Ryan’s wife who is an excellent marathoner and triathlete, said “do you want to do a 50?” So I’ll consolidate the deeper emotional reflection into one post some time in the future. For now, here’s what I remember of the experience.

San Francisco 166

San Francisco Cap Table Technical Review Partner 166

OnlyOnce

FEBRUARY 9, 2022

The one our team was particularly excited about was a concept we were calling at the time “Venture Acceleration Partners.” The middle” consists of venture-backed companies that are neither early stage nor mature. These companies tend to have consistent and stage-unique challenges around scaling execution across every aspect of the business.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

VC Adventure

JULY 27, 2011

My partners and I all have blogs which I think are good indications of our varied personalities, but we also provide a list of references (CEOs, other portfolio execs, other people who know us well) for them to look into how we really are to work with. Aren’t there lawyers involved? How could they let this happen?

Technical Review 48

Technical Review Due Diligence Cap Table Portfolio 48