Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR). under $500K).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

This is going to be BIG.

SEPTEMBER 30, 2012

This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. Did I mention it only took the founder a month? David's firm most recently participated in the $77 million second round financing of SoFi, a one year old startup focusing on student loans.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

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. Experienced and serial entrepreneurs in the content management space. Folksonomy.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

JUNE 5, 2015

I am reminded of this problem every time my firm does a financing where a note went before us but more specifically I was reminded by this great post by Brad Feld to talk about the pre-money vs. post-money conversion issue. So how DOES a VC think about financings at early stages? It’s very simple. Those are the big three.

Pre-Money Valuation 150

Pre-Money Valuation Option Pool Post-Money Valuation Dilution 150

Up and Running

MAY 18, 2016

Below, you will find a list of books recommended by serial entrepreneur David S. Why David Rose recommends it: “It lays out in explicitly stark terms the difference between ‘small business ownership’ and ‘entrepreneurship.’ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses.

Startup 80

Startup Venture Capital Angel Investor Lean 80

www.xconomy.com

JUNE 9, 2012

Sakti3 Founder Sastry to Step Down From U-M. Co-Founder and CEO, Wetpaint. Founder, DEKA Research and Development Corporation. On its website , the firm says, “We track everything from financing details, investors, board members, and management, to industry segments, business stages and exits.” Subscribe for Free.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Both Sides of the Table

DECEMBER 14, 2010

I was recently speaking with some founders about their fund raising process. They had received a term sheet from a VC and were wondering whether to work with this firm. But what about once you have a term sheet? Focus on the companies that went through tough times – For some reason most entrepreneurs do.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

Scott Edward Walker

SEPTEMBER 1, 2019

For the bulk of my career, I have been representing startups and emerging-growth companies in seed financings, venture capital financings, mergers and acquisitions, and other transactions. Based on the foregoing experience, I am providing three basic tips to founders in connection with doing deals. the money).

Founder 45

Founder Private Equity New York City Term Sheet 45

Both Sides of the Table

NOVEMBER 8, 2011

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. He previously co-founded Charlie , a Los Angeles based media company and interactive agency. GumGum – Raises $11 million financing.

Los Angeles 287

Los Angeles Silicon Valley Incubator Startup 287

Both Sides of the Table

FEBRUARY 8, 2010

But what about once you have a term sheet? First, I would say that most entrepreneurs do almost no reference checks or at least do them very informally. For some reason most entrepreneurs do. I always tell entrepreneurs, “in good times of course everybody loves their VC. Don’t let that be you.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

Both Sides of the Table

APRIL 14, 2012

What I want to talk about today is one of the insider baseball discussions of our industry this past week: The odd fact of the $500 million financing round completed just before the company sold for a B. ” In this week’s discussion with entrepreneurs I think the word impending wasn’t used often enough.

Valuation 316

Valuation Balance Sheet Dilution Term Sheet 316

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

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. Pivoting - Chris Dixon , June 14, 2010 My Hunch cofounders and I frequently ask ourselves: “If we were to start over today, would we build our product the same way we had so far? Now I have.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

ReadWriteStart

MAY 8, 2012

So we asked a panel of eight successful young entrepreneurs from the Young Entrepreneur Council (YEC) about their startup funding successes (and failures) and the lessons they learned. Gina Mancuso , Founder and CEO of LoveThatFit. Most entrepreneurs approach fundraising as a transaction. When we raised our $1.3

Cofounder 140

Cofounder Startup San Francisco Silicon Valley 140

Hunter Walker

APRIL 27, 2014

We brief our major investors quarterly and decided to model our LP meeting after what “big funds” do, albeit with a few Homebrew flourishes :) Logistically this meant an afternoon session with presentations/Q&A then a dinner with founders/advisors. We love our founders. 2) Product Market Fit & Our Roadmap.

LP 97

LP Cofounder Term Sheet Valuation 97

reidhoffman.org

NOVEMBER 12, 2013

. × At Greylock , my partners and I are driven by one guiding mission: always help entrepreneurs. It doesn’t matter whether an entrepreneur is in our portfolio, whether we’re considering an investment, or whether we’re casually meeting for the first time. Entrepreneurs often ask me for help with their pitch decks.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Austin Startup

MARCH 25, 2011

I posed this question to FamigoGames co-founder Q Beck. In the selection process, I get the chance to meet with founders with varying motivations. In today’s bubble-like environment, many think they are going to emerge from a summer program with a fist-full of term sheets. Some of them will.

Michigan 82

Michigan Term Sheet Angel Financing Austin 82

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. To say categorically that MBA equals “not entrepreneur” is a foolish assumption, just like saying Masters in Philosophy equals “not entrepreneur.”

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. In the essay below, I outline some of the reasons I believe that an MBA isn’t the best path for prospective entrepreneurs.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Eric Friedman

AUGUST 18, 2021

Dan is the co-founder of Standard Treasury, a Y Combinator backed company. He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. It is the entrepreneurs that are singing their heart out, playing the instruments, et cetera. I hope you take this as a term of endearment.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

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. You've seen how venture capital works from both sides--as an entrepreneur and a venture capitalist.

Lean 108

Lean Venture Capital Conversion IPO 108

Steve Blank

FEBRUARY 26, 2020

What most founders don’t realize is: Every stage of a startup requires a different set of metrics and milestones and founder skills. Knowing these will help a founder position her pitch to get investors’ attention. Founders need to keep their eye on the prize — not just the next funding round. Step 5: Series, C, D….

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

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. One truth of start-up financing is that it generally takes twice as long and twice as much money to accomplish your milestones.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . Small investment firms often have interns and entrepreneurs in residence passing through, each of which is a security risk. I walk through below how progressive investors are using technology and analytics throughout all of their operations.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

AUGUST 17, 2009

This is part of my ongoing series “ Pitching a VC “ There’s a great meme developing this morning on the need to simplify funding terms and documents. The meme was kicked off by Chris Dixon with this post saying that term sheets need to be simplified and align investor / founder interests.

Founder Vesting 252

Founder Vesting Vesting Founder Term Sheet 252

Feld Thoughts

JULY 14, 2015

Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

Hunter Walker

DECEMBER 19, 2013

The only way to succeed in venture capital is backing wonderful entrepreneurs and working hard on their behalf. Loss 1: Offered a Substantial Secondary Slot But Passed Since We Seek to Lead/Co-Lead. This opportunity looked juicy: two founders we knew previously, mission-driven, attacking a big market. Two learnings.

Cofounder 105

Cofounder Term Sheet Seed Stage Portfolio 105

venturehacks.com

OCTOBER 21, 2010

Later that evening you review the term sheet from Blue Shirt. Reading on, the term sheet states, “The $8 million pre-money valuation includes an option pool equal to 20% of the post-financing fully diluted capitalization.&# Do you mean the shares go to the founders?

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

Both Sides of the Table

FEBRUARY 14, 2016

I’d like to explain as best I can my opinion on what is going on because most of what I hear from entrepreneurs is not only wrong but is reminiscent of what I heard in 1997-2000. ” “This will be great for VCs and bad for entrepreneurs.” What is the True Sentiment of VCs? ” “Sure, prices are dropping.

Valuation 150

Valuation Down Round Startup Later Stage 150

www.currentlyobsessed.com

MAY 28, 2010

Currently Obsessed Joe Heitzeberg – Entrepreneur | Tech Geek | MBA Home About Me Joe Heitzeberg is an internet entrepreneur who has started and sold two companies. I have to admit, the light bulb didn’t go off for me until I was negotiating term sheets. That’s a nice way of putting it.

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42

SoCal CTO

JANUARY 5, 2011

500 Hats , January 10, 2010 Developing new startup ideas - Chris Dixon , March 14, 2010 Batch Processing Millions and Millions of Images - Code as Craft , July 9, 2010 jQuery Plugin: Give Your Characters a NobleCount - The Product Guy , March 23, 2010 How do the sample Series Seed financing documents differ from typical Series A financing documents?

Silicon Valley 378

Silicon Valley Startup Term Sheet Venture Capital 378

www.quicksprout.com

NOVEMBER 1, 2010

Although I have made a decent amount of investments, I don’t consider myself an “angel investor” because I don’t search for companies to invest in, I don’t lead financing rounds, and I don’t know how to read term sheets. And it isn’t just bad entrepreneurs who embellish; good ones have a tendency to do the same thing as well.

Elevator Pitch 60

Elevator Pitch Revenue Entrepreneur SEO 60

Cracking the Code

MARCH 28, 2022

This post is part of Accel’s Secrets to Scaling series, where leaders from across our portfolio share their learnings and advice with the next generation of European and Israeli entrepreneurs building global winners. So is that something you’d recommend for any entrepreneur? Let’s talk about your financing strategy.

B2B 62

B2B Cofounder Small Business 62

mashable.com

JUNE 11, 2013

Or maybe the co-founders have a poisonous relationship that will hinder the companys growth. Lucky for you, time-strapped entrepreneur, weve gathered some tips from the pros to help you avoid some of the most common, game-ending mistakes committed by young startups. Some startups are destined for failure. Hiring Poorly.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

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

www.vccafe.com

MARCH 11, 2013

A group of Seedcamp entrepreneurs started a startup tools wiki for that purpose, and we thought it would be well suited here. ” 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. Startup Threads.

Software Review 53

Software Review Technical Review Startup 53