David Teten
FEBRUARY 9, 2015
The cover note should include: name, website, location, revenues (if any), detailed financing history (if any), and precise terms on which you are seeking to raise capital. If you are testing the market to see what terms you can get, just say, “We are targeting to raise $X at pre-money valuation of $Y.”
www.paulgraham.com
APRIL 28, 2010
There never has to be atime when you have no revenues. If you have to choose between spending time on the demo or thebusiness plan, spend most on the demo. When they demo it, one of theangels is willing to invest. This is a good plan for someone with kids, because it takes mostof the risk out of starting a startup.
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www.paulgraham.com
OCTOBER 23, 2010
Some angels, especially those with technology backgrounds, may be satisfied with a demo and a verbal description of what you plan to do. If you give an investor new shares equal to 5% ofthose already outstanding in return for $100,000, then youve donethe deal at a pre-money valuation of $2 million. How hard is that?
dondodge.typepad.com
JANUARY 15, 2011
Don Dodge on The Next Big Thing Thoughts on business and technology Home Archives Profile Subscribe About Me « Boston VCs gets first look at Y Combinator Demo Day | Main | Digg-nation is HUGE! Community is more powerful than money or technology » August 11, 2007 How much equity for investors and employees?
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