This is going to be BIG.

NOVEMBER 28, 2021

Over the last two and a half months in the hospital, I’ve actually been fairly productive—no doubt setting the record for VC term sheets offered literally from inside the NICU (three). How about paying into childcare costs, adoption, or IVF too? Or, just do the six months acroess the board—it doesn’t seem to be hurting Spotify.

Hiring 192

Hiring Early Stage Marketing Term Sheet 192

David Teten

AUGUST 19, 2019

We’re currently evaluating about 20 companies a month and issuing term sheets to 25% of them; those that fit our investment criteria. Repaid 12-36 months with ability to prepay at reduced cost. The average monthly operating expenses is $70,335. 30% have been operated by females, 70% have been operated by males.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

SEPTEMBER 6, 2015

There is a possibility that Amex may explore acquisitions within the Amex Ventures portfolio, but those discussions will be on market terms similar to those with other potential acquirers.”. Teten: How is the corporate VC model evolving: in how they interact with portfolio companies or the operating side of their organization?

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. If you were raising money, validate whether your investors are still on board – with the same terms – or at all. Operating Numbers. Payroll costs/other variable costs.

South Korea 334

South Korea Salary Business Model China 334

Both Sides of the Table

JANUARY 21, 2010

How to manage costs - One of the biggest frustrations that people have with lawyers are unexpected costs. I always try operate on the “Fixed Fee +&# arrangement. He was the first guy that I saw demystify the legal terms in his term sheet series. In every firm there are A, B and C players.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Both Sides of the Table

APRIL 25, 2013

We had them a term sheet the same week. Tells me she wants to do operational stuff so she joins a small team of people running City Search. About the need to be careful about being the low-cost provider of physical products but risking not providing products that mom’s can feel safe using with their children.

Haiti 398

Haiti San Francisco Startup Turkey 398

Both Sides of the Table

JUNE 28, 2011

When I built my first company starting in 1999 it cost $2.5 million in team costs to code, launch, manage, market & sell our software. We paid 10% of the normal costs for the software and that money was for software support. A 90% disruption in cost spawns innovation – believe me.

Venture Capital 334

Venture Capital Software PHP Open Source 334

www.founderinstitute.com

MARCH 2, 2010

The Lab manages the shared operational needs of its member organizations, allowing them to better focus on mission and execution. Chris Dixon posted about an ideal term sheet for first round funding, which started an blogosphere discussion about terms. Legal costs are rising while venture returns are shrinking.

Term Sheet 40

Term Sheet Liquidation Preference Vesting San Diego 40

David Teten

JULY 20, 2011

Boillot , Susan Klein , and Ed Reitler of Reitler Kailas & Rosenblatt did a great job representing me in finalizing the terms of my joining ff Venture Capital. Although fortunately my cost was capped, it still cost time and effort for all the parties involved. Be efficient with their time.

Intellectual Property 128

Intellectual Property Entrepreneur Term Sheet Venture Capital 128

Both Sides of the Table

FEBRUARY 11, 2012

submitting term sheets. It costs me more than that. In booming markets the best firms operate on a 33% basis. Can we pay the same amount but extra licenses at the same cost? I learned concepts such as BATNA (Best alternative to a negotiated agreement, which every MBA will remember). and so on. Vendor: Ay.

Mexico 305

Mexico Term Sheet Hiring Search 305

Steve Blank

APRIL 9, 2009

But what I wanted was an agile marketing team capable of operating independently without day-to-day direction. It will cost you your job.” Reply How to close a term sheet quickly - Venture Hacks , on April 28, 2009 at 10:43 am Said: [.] The first reaction from my CEO was, “that’s why you’re running the department.”

Silicon Valley 268

Silicon Valley Technical Review RSS PR 268

Up and Running

JANUARY 7, 2020

As a result, we helped save millions of dollars in economic loss and firefighting costs for the nation. We ended up receiving a $5m term sheet from investors, dozens of government customers from all across the western United States, and several offers to acquire us for 10x the initial investment. Getting there was a struggle.

Product 82

Product Marketing Silicon Valley Term Sheet 82

Both Sides of the Table

OCTOBER 17, 2009

So they set up seed programs that allowed for rapid decisions for $500k or less, often done as convertible debt for both speed and cost reasons. If a VC term sheet comes in they begin their due diligence process. Some larger VCs felt they were being “scooped&# by some younger, nimbler and smaller VCs.

Software Review 283

Software Review Term Sheet Due Diligence Southern California 283

Gust

DECEMBER 27, 2012

The expectation is that in an era of increasing technology and decreasing costs, you will be bringing them an operating company with at least some traction. This person will be critical in rounding up other investors, drafting a term sheet, and generally getting the deal done.

Software Review 164

Software Review Term Sheet Technical Review Angel Investor 164

Growthink Blog

MAY 14, 2014

Little discussed in most venture fund models are the high costs of deal sourcing, diligence, and oversight. It is not unusual for a venture fund to sort through thousands of possible investments, deeply diligence a few hundred, prepare and submit term sheets on a few dozen, and then do zero deals. This all costs money.

Venture Capital 101

Venture Capital Disintermediation Technical Review Term Sheet 101

David Teten

DECEMBER 3, 2019

I walk through below how progressive investors are using technology and analytics throughout all of their operations. We are also seeing technology evaluation as an increasingly important part of LP operational due diligence. Capital has built a free online tool for founders to calculate their cost of capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

K9 Ventures

OCTOBER 10, 2017

I’ve been an avid reader of Dan’s Term Sheet while he was at Fortune , and now Pro Rata at Axios. Yes, the infrastructure is cheap (to start), but the human costs have gone up dramatically. Q: What are some Pre-Seed funds operating today? One of the people I respect the most in the VC/PE media ecosystem is Dan Primack.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

www.paulgraham.com

APRIL 28, 2010

Most startups operate close to themargin of failure, and the distraction of having to deal with clientscould be enough to put you over the edge. And we think its better if startups operate out of their ownpremises, however crappy, than the offices of their investors. So seed investors usually care lessabout the idea than the people.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Startup Lessons Learned

AUGUST 17, 2020

They were providing low-cost healthy meals for schools across the country and, before the crisis, were delivering two million federally reimbursable school and community meals per week nationwide. We literally started just as we got our first term sheet for investment on the day that we graduated from business school in June of 2006.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. Coming from an operating role in a company, that can feel odd - that doing nothing is in fact accomplishing your objective - so that takes some getting used to.

Lean 108

Lean Venture Capital Conversion IPO 108

abovethecrowd.com

NOVEMBER 28, 2022

The real question is, “do the founders or operators understand the role of governance and embrace it, or are they trying to intentionally undermine the very notion of governance?” As a result of many technical voting requirements, this can be rationalized as a way to make operating the company smoother and simpler.

Venture Capital 113

Venture Capital Non-Compete Government Delaware 113

abovethecrowd.com

APRIL 20, 2016

In Silicon Valley boardrooms, where “growth at all costs” had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue. The Sharks Arrive With Dirty Term Sheets. The typical Silicon Valley term sheet does not include such terms.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

reidhoffman.org

NOVEMBER 12, 2013

Sadly, many investors actually add negative value, so an investor who adds no value (“dumb money”) but who doesn’t interfere with the operational process can sometimes be a decent outcome. What’s more, the sales and marketing costs of acquiring listings are expensive. How do you know if an investor will add value?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Steve Blank

FEBRUARY 26, 2020

These elements of the business model– revenue (pricing, pricing strategy), distribution channel, How to Get/Keep/Grow customers, Key Activities, Resources and Costs – are other, critical parts your start up needs to understand and have in place. The rest that makes up a company is called its business model.

Cofounder 431

Cofounder Seed Stage Valuation Metrics 431

www.paulgraham.com

APRIL 28, 2010

We chargedquite a lot for our software—about $140 per user per month—butit was at least a year before our revenues would have covered evenour paltry costs. It costs not justthe time of the actual meeting, but the time getting there and back,and the time preparing for it beforehand and thinking about itafterward.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Eric Friedman

AUGUST 18, 2021

The opportunity cost of the money I have not made on crypto is insane because I first was talking about crypto in 2011 as I’ve been in financial services for a long time. On Deciens’ Lean Operation. In general, I am not very long crypto. I have never been very long crypto. In my mind, you are effectively a one person show.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news.

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news.

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news.

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news.

Technical Review 79

Technical Review Venture Capital Matching 79

Business Plan Blog

DECEMBER 26, 2013

This process may include the provision of various scenarios on revenues and costs as the investors validate forecasts initially presented. The term sheet is a legally binding document and should include the following elements: - Offer terms, such as: Company, founder and investor details. . Professional fees and costs.

Angel Investor 51

Angel Investor Due Diligence Pre-Money Valuation Angel Groups 51

Hippoland

AUGUST 31, 2018

This is a bit of a crap shoot, because even if a pre-seed investor is bought into you as an awesome operator, if he/she is not bought into your thesis, it will be difficult to land an investment. It’s very difficult to convince an investor at this stage to change his/her mind. These rounds are typically < $1m in total.

Pre-Money Valuation 90

Pre-Money Valuation Valuation Silicon Valley Early Stage 90

Hippoland

AUGUST 31, 2018

This is a bit of a crap shoot, because even if a pre-seed investor is bought into you as an awesome operator, if he/she is not bought into your thesis, it will be difficult to land an investment. It’s very difficult to convince an investor at this stage to change his/her mind. These rounds are typically < $1m in total.

Pre-Money Valuation 48

Pre-Money Valuation Valuation Silicon Valley Early Stage 48

Altgate

APRIL 26, 2009

It doesn’t cost anything to participate (other than the 30-60 minutes it takes to complete the survey) and the benefit is that you get the full results once they are published. ← Law Firm Wilson Sonsini Now Preparing Term Sheets For Free More on the “VC Math Problem&# → [link] Family Enterprise Compensation Strategies [.]

Term Sheet 60

Term Sheet Venture Capital Startup 60

grasshopperherder.com

SEPTEMBER 24, 2011

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. Which country’s laws does the corporate entity operate under? But maybe not in all countries and the cost of litigating will probably be more than your tiny share is worth. It hasn’t worked out well for me.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

Altgate

APRIL 22, 2009

 Today,  Wilson Sonsini  announced the launch of a " term sheet generator." "  It's basically a web tool that creates draft preferred financing term sheets for startups. "  It's basically a web tool that creates draft preferred financing term sheets for startups.

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

Cracking the Code

MARCH 28, 2022

In fact the term sheet was signed the day before the world went into lockdown! We could now hire faster, spend more on growth, and maintain the costs we want to maintain. Diversity has a cost and a lot of value. We had to compensate for not operating in the main market where our customers were.

B2B 62

B2B Cofounder Small Business 62