Both Sides of the Table

FEBRUARY 20, 2019

As per the chart above, I highly recommend keeping a founder dominated board at the seed stage. Whether the seed investor gets a permanent seat or a temporary seat will largely depend on: The size check they wrote (If it’s a $1.5m —?just having a sparring partner with a vested interest in your success can be useful.

Venture Capital 236

Venture Capital Startup Angel Investor Silicon Valley 236

Startup Professionals Musings

JULY 16, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Super Angels. Business accelerator.

Early Stage 253

Early Stage Finance Seed Stage Entrepreneur 253

www.seriesseed.com

MARCH 2, 2010

SeriesSeed.com Series Seed Financing Documents Blog Home Documents Blog Archives Subscribe 09/02/2010 Version 2.0 and why Series Seed Documents are better than capped convertible notes “First they ignore you.   That’s because there are not that many issues to negotiate in a simple equity financing. Then you win.”

Finance 58

Finance Term Sheet Equity Aggregator 58

Both Sides of the Table

JULY 23, 2014

The rise of “micro VCs” or seed-stage funds. Lower costs to start a business (95% reduction), many more companies created & funded by angels / seed. The “big boom” in startup financing started around March 2009?—?more On the surface the narratives have been. more than 5 years ago?—?and

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Steve Blank

FEBRUARY 26, 2020

Step 2: The Seed round – you raise $1-$3M (in some cases even $2-5M). Btw, the definition of each startup financing stage has changed in the last decade. What was a Series A round in 2005 is now a pre-seed or seed round. And what used to be a seed round a decade ago is now a pre-seed round.

Cofounder 431

Cofounder Seed Stage Valuation Metrics 431

Both Sides of the Table

JULY 16, 2010

He acknowledged the importance of the growing seed fund movement in creating a new wave of cost-effective innovation. So angel and seed stage investors’ returns will be dependent on good times continuing or on the ability of their portfolio companies to get financed. Fred Wilson wrote a great piece on this.

LP 311

LP Technical Review Early Stage Silicon Valley 311

View from Seed

OCTOBER 15, 2014

Over the summer, based on feedback from our portfolio and the broader startup community, NextView created pre-formatted board deck templates for seed-stage startups — part of our Growth Guides series. As Rob Go wrote , board decks and board meetings can waste loads of time at the seed stage.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

David Teten

JANUARY 19, 2021

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. That said, nothing is cost-free. More complex cost of capital calculation. Flexible VC can allow Impact VCs to thread this needle.”.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

www.seriesseed.com

DECEMBER 9, 2012

Series Seed Financing Documents Blog. « About the Series Seed Documents | Main. Series Seed Financing Documents. Please note, these are the latest versions of the Series Seed Documents.    Series Seed COI (v 2.0). Series Seed IRA (v 2.0). .  SeriesSeed.com.

Finance 40

Finance Term Sheet Vesting LLC 40

Gust

JULY 8, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Super Angels. Business accelerator.

Early Stage 177

Early Stage Finance Seed Stage Entrepreneur 177

Hunter Walker

JULY 22, 2014

Hey founders, want to hear something incredibly frustrating about seed financing? Are there areas of variable cost or support that need to be scaled alongside the growth? Revenue runrate that you believe is required to raise additional financing. I don’t believe the forecast you show me. Yeah, that one.

Forecast 95

Forecast Early Stage Seed Stage Startup 95

View from Seed

OCTOBER 21, 2014

As the seed-stage startup fundraise process has received more transparency in recent years, ranging from published advice on how to raise seed capital to increased availability through AngelList, Funders Club, and various accelerator programs, I’ve noticed another trend emerging.

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

K9 Ventures

JUNE 5, 2015

Almost two years ago, in a private/closed meeting with K9 Ventures’ LPs only, I claimed that: What was being referred to in the press as the “Series A Crunch” was not because fewer Series A deals were being done, but because there were too many Seed deals being done. Seed stage was super tough. Implications for Founders.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

Startup Professionals Musings

MAY 1, 2011

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Super Angels. Business accelerator.

Early Stage 231

Early Stage Seed Stage Angel Investor Silicon Valley 231

Hunter Walker

SEPTEMBER 15, 2023

So when I tell you what I’m seeing in venture financing these days if you disagree with me, it might just be that we’re touching different parts of the elephant. Haystack’s Semil Shah wrote up his POV on what this has all meant for the seed market and one point in particular caught my eye.

Cap Table 93

Cap Table Valuation Salary Seed Stage 93

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. .” A convertible note financing is not a loan in the conventional sense. Convertible debt?

Finance 134

Finance Convertible Security Equity Seed Stage 134

techcrunch.com

SEPTEMBER 6, 2012

Today, AngelList is debuting Docs, which lets seed-stage startups close their round online. For a seed stage round, legal fees can be upwards of tens of thousands of dollars, which is costly for a bootstrapped startups. Before we had to guess how many connections were actually financed,” explains Ravikant.

Term Sheet 70

Term Sheet San Francisco Technical Review Seed Stage 70

techcrunch.com

SEPTEMBER 2, 2012

There has been no shortage of controversy and criticism around the convertible note, a popular investing vehicle that’s used by seed stage and angel investors. As a refresher, a convertible note is a loan that automatically converts into equity upon the closing of a Series A round of financing.

Equity 87

Equity San Francisco Technical Review Angel Investor 87

View from Seed

SEPTEMBER 25, 2019

*This post is part of our “pitch deck” series where we dissect the seed stage pitch deck and discuss the ideal flow for a pitch. Investors want to know the critical thinking behind the inputs and value-drivers of the business, and how that results in the outputs on the critical metrics and finances.

Seed Stage 166

Seed Stage Retention Restful Valuation 166

Hunter Walker

JUNE 9, 2023

Hunter also breaks down their framework for evaluating an investment opportunity when achieving their target ownership exceeds their maximum check size, and the “opportunity cost” of doing so resulting in less diversification.

Valuation 68

Valuation Seed Stage Portfolio Framework 68

Genuine VC

MARCH 18, 2014

Fairly often entrepreneurs will pitch investing in their seed-stage company, and it starts sounding great… interesting market… great team… notable early traction… until we arrive at the financials + fundraising slide and the projections state that this round of Seed financing is planned to be their last.

Seed Stage 202

Seed Stage Dividend Finance Portfolio 202

Startup Company Lawyer

AUGUST 31, 2012

One major concern about convertible debt is that it eventually needs to be repaid if another round of financing doesn’t occur. ” If the company didn’t raise a round of financing, the convertible debt would convert into the last round of financing (i.e. Series A) or have to be repaid.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

mashable.com

SEPTEMBER 12, 2011

While all of these factors are true to an extent, the truth of the matter is that the reduced costs of hardware and software are easily offset by the expense of engineers and experienced business people. million in venture financing. Nearly all of your costs will be headcount, primarily in the engineering department.

Startup 79

Startup Social Media RSS Social Network 79

K9 Ventures

OCTOBER 10, 2017

This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. And I sincerely hope that this post does a good job of addressing what Pre-Seed really is. Q: Define Pre-Seed? Q: What amount of financing is considered Pre-Seed?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Both Sides of the Table

FEBRUARY 6, 2017

With nearly 2/3rd of all VCs citing cost-cutting in 2016 as the norm — this is a clear indication that winter made an appearance. In case you’re keeping score at home — that’s approximately the size of 65 US seed-stage funds managed by one company.

Venture Capital 150

Venture Capital Saudi Arabia Kuwait Burn Rate 150

VC Cafe

FEBRUARY 6, 2011

If you just travel in, don’t attempt it, it will be an expensive waste of energy/time/cost that will get you polite meetings but no engagement. Jeff Clavier, Seed stage investor in 90+ consumer internet startups, said: We all have a different approach to non Silicon Valley opportunities. And what do the investors think?

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

Genuine VC

JANUARY 3, 2013

According to all of the blogosphere chatter over the past month, seed-funded internet startups are entering this year gearing up for the now-near-infamous Series A Crunch. to become not just ramen-profitable, but sustainably profitable.

Seed Stage 166

Seed Stage Venture Capital Audience New York 166

Hunter Walker

SEPTEMBER 5, 2021

As a venture fund I might have a strategy which says “for every dollar I invest into companies, I will hold one dollar in reserve for additional financings.” Reserves are fluid concepts based on what companies are coming up for funding when, how they’re doing at the time, the size/stage/terms of the round and so on.

Cap Table 94

Cap Table Seed Stage Syndicate Syndication 94

VC Cafe

NOVEMBER 15, 2010

million Series B financing round led by Carmel Ventures with follow-on investment from existing investors Baytech Ventures (Germany). The Firefox and Internet Explorer browser add-on allows users to search for images instead of text to find a broad range of similar products across thousands of sites simultaneously. venturebeat ].

Technical Review 80

Technical Review Matching Venture Capital 80

VC Cafe

NOVEMBER 15, 2010

million Series B financing round led by Carmel Ventures with follow-on investment from existing investors Baytech Ventures (Germany). The Firefox and Internet Explorer browser add-on allows users to search for images instead of text to find a broad range of similar products across thousands of sites simultaneously. venturebeat ].

Technical Review 80

Technical Review Matching Venture Capital 80

VC Cafe

NOVEMBER 15, 2010

million Series B financing round led by Carmel Ventures with follow-on investment from existing investors Baytech Ventures (Germany). The Firefox and Internet Explorer browser add-on allows users to search for images instead of text to find a broad range of similar products across thousands of sites simultaneously. venturebeat ].

Technical Review 80

Technical Review Matching Venture Capital 80

VC Cafe

NOVEMBER 15, 2010

million Series B financing round led by Carmel Ventures with follow-on investment from existing investors Baytech Ventures (Germany). The Firefox and Internet Explorer browser add-on allows users to search for images instead of text to find a broad range of similar products across thousands of sites simultaneously. venturebeat ].

Technical Review 80

Technical Review Venture Capital Matching 80

K9 Ventures

JULY 21, 2016

And 2 seed stage companies that haven’t launched yet. Expensive iterations: Depending on the product doing a new rev of the hardware may cost thousands of dollars or more and could also take weeks if not at least several days. This introduces new risks in terms of forecasting, financing, and logistics.

Software Review 48

Software Review Forecast Portfolio Distribution 48

K9 Ventures

APRIL 9, 2014

Instead, it was more of a result of over-funding at the seed stage. There was simply too much money coming in to the seed stage, which increased the supply of companies at the seed stage. Hiring costs are up dramatically The cost of hiring top quality talent in the bay area has gone up dramatically.

Mezzanine 134

Mezzanine Seed Stage Early Stage IPO 134

This is going to be BIG.

MARCH 16, 2020

As a seed stage investor, I know the math. Some key existings who didn’t want to see their prior money get lost wouldn’t budge on a dilutive financing, despite the fact that they knew where we were headed. Half the companies I invest in won’t provide a financial return. The answer, unfortunately, was to declare bankruptcy.

Bankruptcy 103

Bankruptcy Private Equity Seed Stage Dilution 103

Hunter Walker

MARCH 4, 2014

There are other good blog posts about the economics of a venture fund, why we fetishize billion dollar “ unicorns ” (even if I think that’s a silly question to ask at seed stage ). That’s awesome even if you’ll never read about them in TechCrunch.

Seed Stage 134

Seed Stage Venture Capital Vertical Finance 134