View from Seed

DECEMBER 6, 2018

I’ve come to believe a much less cynical view of investment due diligence, that, especially at the seed stage, it’s is best when followed the 80–20 rule. Diligence validates your gut to invest or (hopefully quickly) kills an opportunity that sounded reasonable but you just didn’t like.

Due Diligence 120

Due Diligence Term Sheet Seed Stage Partner 120

Startup Company Lawyer

AUGUST 31, 2012

” The theory is that the number of seed stage Series A deals led by venture capital firms is decreasing, meaning that it will be difficult for startups to raise a new round of financing. Form of Convertible Security Term Sheet. At the maturity date, there is a risk that investors may demand repayment.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

www.seriesseed.com

DECEMBER 9, 2012

Please note, these are the latest versions of the Series Seed Documents.    Series Seed COI (v 2.0). Series Seed IRA (v 2.0). Series Seed Term Sheet (v 2.0).   These are the original versions of the Series Seed Documents.    Series Seed COI.

Finance 40

Finance Term Sheet Vesting LLC 40

Gust

SEPTEMBER 5, 2012

How to finance a new seed-stage startup? ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For

Finance 134

Finance Convertible Security Equity Seed Stage 134

This is going to be BIG.

SEPTEMBER 1, 2010

Sure, if you’re Jack Dorsey, creator of Twitter, you can dictate your terms, but last I checked, most of the entrepreneurs First Round and most of the seed stage firms back don’t have that same kind of track record. Unfortunately, that’s really not the case for most startups. Many, if not the majority, are first time CEOs.

Equity 104

Equity Term Sheet Seed Stage Angel Investor 104

Both Sides of the Table

SEPTEMBER 5, 2012

I can’t say it much simpler than this: “What if I took some of the worst, most egregious terms in a standard term sheet and made them the defacto standard in most convertible debt deals? ” And some seed stage investors told me, “I prefer not to fight over price now. That’s right.

Ratchet 354

Ratchet Liquidation Preference Equity Stock 354

Rob Go

JULY 17, 2014

NextView Ventures II is $40M, twice the size of our first fund, and we continue to be exclusively focused on seed-stage companies pursuing internet-enabled innovation. We’ve often explained to entrepreneurs that the second fund of a venture firm is very much like the series A for an early stage company.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Rob Go

FEBRUARY 3, 2014

The idea is to get a small but solid commitment from these people, so that when you have your first conversation with a lead, it doesn’t feel like you are starting from scratch, and there is built in credibility. You want to be able to say “they are in, assuming reasonable terms. This is particularly true at the earliest stages.

Term Sheet 73

Term Sheet Due Diligence Valuation Seed Stage 73

Agile VC

FEBRUARY 28, 2012

Entrepreneurs can sink a lot of time into fundraising discussions that go nowhere or end with actual term sheets but ones they’re not prepared to accept (firms you don’t want to work with, terms you don’t like, etc). I co-founded NextView Ventures , a seed-stage VC firm based in Boston, in 2010.

Early Stage 100

Early Stage Syndicate Syndication Silicon Valley 100

Austin Startup

MAY 19, 2018

This one comes from personal experience, months into conversations and after reference checks (which went well) one particular VC decided he didn’t have commitment to the space. Just don’t do reference checks ever until the term sheet has been issued and you’re almost ready to fund. I fall into the latter category.

Founder 75

Founder Early Stage Software Review Deal Flow 75

Austin Startup

MAY 17, 2017

It also can just be logistically cumbersome for a seed stage company to keep track of who gets to attend meetings, who has to be notified of what, etc. Giving seed stage investors Board seats is not the norm. Do not dish out Board observer rights lightly. Take it seriously. Originally published at Silicon Hills Lawyer.

Seed Stage 48

Seed Stage Startup Cap Table Angel Investor 48

steveblank.com

JULY 8, 2011

signup, upgrade, trial pricing Zuora – online subscription management FeeFighters – find the cheapest credit card processors HealPay – Collections made easy Customer Support Tender – support, knowledgebase tool for your site GetSatisfaction - conversations between companies / customers.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

GetSatisfaction - conversations between companies / customers. Fenwick & West Seed Investment Standard Forms, used by most angels. TechStars Model Seed Funding Documents â?? WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â??

Software Review 53

Software Review Technical Review Startup 53