Agile VC

APRIL 17, 2011

At the end of the day Kayak’s playing a key role in the online travel process, but it appears more of the revenue comes from filling top of the conversion funnel rather than the middle or bottom of it. liquidation preference, 6% accumulated dividend (1). Series A-1 Preferred. Series B Preferred. Read More ».

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. Another Area of Concern is in the Seed Investor Class. 89% of LPs survey expressed some level of concern about the seed market.

Venture Capital 150

Venture Capital LP Silicon Valley Marketing 150

Both Sides of the Table

SEPTEMBER 5, 2012

Because convertible debt deals often have both a ‘full ratchet’ and often have ‘multiple liquidation preferences’ “ Yup. ” And some seed stage investors told me, “I prefer not to fight over price now. Convertible Notes Also Can Have Multiple Liquidation Preferences.

Ratchet 354

Ratchet Liquidation Preference Equity Stock 354

Startup Professionals Musings

JANUARY 27, 2012

When a company is at its earliest seed stage, the terms tend to be the least complex. Investors may provide money in stages or tranches, based on defined milestones, to decrease investment risk. Liquidation preference. Your best strategy is to bring your own term sheet to the negotiation as a starting point.

Term Sheet 223

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 223

Startup Professionals Musings

SEPTEMBER 14, 2010

When a company is at its earliest seed stage, the terms tend to be the least complex. Investors may provide money in stages or tranches, based on defined milestones, to decrease investment risk. Liquidation preference. Your best strategy is to bring your own term sheet to the negotiation as a starting point.

Term Sheet 227

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 227

Gust

OCTOBER 17, 2011

When a company is at its earliest seed stage, the terms tend to be the least complex. Investors may provide money in stages or tranches, based on defined milestones, to decrease investment risk. Liquidation preference. Your best strategy is to bring your own term sheet to the negotiation as a starting point.

Term Sheet 158

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 158

K9 Ventures

MARCH 23, 2011

There has been a lot of noise in the Valley lately about how most seed stage deals are now being done as convertible notes. The typical fix for this problem is to put in a cap in the note for the pre-money price for conversion. What percent of the company should the note holder get on conversion? Why would you do that!?

Pre-Money Valuation 132

Pre-Money Valuation Valuation Equity Liquidation Preference 132