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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t.

Valuation 466
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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Kayak was started here in my backyard of Boston… co-founder & CTO Paul English and the product/engineering team is based here in Concord MA. 5) High Productivity: Kayak had 148 employees at the end of 2010. liquidation preference, 6% accumulated dividend (1). Series A-1 Preferred. Series B Preferred.

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Thinking big and doing stuff properly

The Equity Kicker

Many of the conversations and talks there revolved around the importance of having big ambition and of doing quality work. I will elaborate a little on F.ounders as I think the idea of bringing an Apple like obsession with detail to a service product is interesting. Paddy Cosgrave’s F.ounders and Web Summit are great examples of both.

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So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

I know it sounds obvious but just so you understand: There are more capital sources available for earlier-stage capital, the information on which they are evaluating the investment is less (it is almost certainly just team and product) and the risk of the investor getting things wrong is diminished.

Burn Rate 150
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Founders – Use Your Down Round To Clean Up Your Cap Table

Feld Thoughts

Much of it is very short term focused and, like a giant tractor beam, draws the conversation into a very short time horizon (as in days or weeks). Pragmatic cost cuts are always possible and often productive.” I suffered through the next financing after implementing a complex structure, or a sale of the company, or a liquidation.

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How to Work with Lawyers at a Startup

Both Sides of the Table

You never got around to agreeing exact equity splits but you had many conversations about it. Your contractor wrote a great V1 of the product and it helped you get angel funding. You need to know how liquidations preferences work. I wonder how the shunned three are going to feel when you make your millions?

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Should Entrepreneurs Attend Business School?

Up and Running

Between my experiences as a management consultant, as well as my product and marketing roles at multiple tech companies, I felt that I had enough operational experience to make that leap sooner than later. C Corp versus LLC, non-competes, liquidation preferences, preferred versus common stock, and so on).