Both Sides of the Table

MAY 19, 2010

Another topic we debated early in the program was “lean startup” vs. “ fat startup ” where we both took the obvious hedge and said “it depends.” But truthfully both Dana and I are more aligned with the lean startup principles and believe you only go FAT when you’ve really proved out your product / market fit. OTHER DEALS: 1.

Partner 240

Partner New York City Cofounder Syndicate 240

View from Seed

APRIL 30, 2015

There’s been a lot of digital ink spilled around the various types of capital available to startups today. As a startup grows, venture debt becomes a viable option to continue that growth. Glen is an active contributor to the local tech ecosystem and well-versed in how and when startups can use venture debt to their advantage.

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

VC Cafe

JANUARY 24, 2021

Looking ahead at 2021, with vaccines being rolled out (slowly) in the developed world, it feels like we have a grip on what the year ahead might look like – the new normal. It’s enough to see the rapid adoption of new social platforms from Signal in messaging to Clubhouse’s $1 billion valuation in less than a year.

Technical Review 207

Technical Review Audio Forecast Social Media 207

Pascal's View

JULY 9, 2017

This is a fundamental issue that does, indeed, boil down to understanding the post-money valuation of a company. At its core, this issue points to the lack of understanding about the importance of post-money valuation by both entrepreneurs and investors. But it is also a topic that many find esoteric and difficult to grasp.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Both Sides of the Table

OCTOBER 21, 2009

We meet to discuss trends in the industry and to find ways to work together to help with SoCal deal syndication – somethings that happens automatically on Sand Hill Road in NorCal due to proximity. They have data from surveys they did with corporate development officers (e.g. We feature a prominent speaker at every event.

Technical Review 241

Technical Review IPO Southern California Venture Capital 241

Gust

OCTOBER 12, 2011

During the summer of 2010, I developed a workshop, A New ACEF Valuation Workshop for Angels and Entrepreneurs. To provide some reference points, I surveyed thirteen angels groups in North American to determine their recent experience in negotiating the pre-money valuation of pre-revenue companies. Current Average. up slightly.

Angel Groups 125

Angel Groups Valuation Pre-Money Valuation St. Louis 125

Agile VC

MAY 26, 2011

AGILEVC My idle thoughts on tech startups. Salesforce.com is a startup with 76,000 subscribers (over 2.1M I also joke with Reid Hoffman that this was back in the days before he was “Reid” Reid’s an incredible entrepreneur, startup investor, and human being. How to Evaluate Firms for a Seed VC. May 26, 2011.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

thebarefootvc

MAY 8, 2012

The best VCs are the ones that balance their optimism, vision and enthusiasm for startups with realism based on very real constraints (the primary one being his/her own time, but also includes market development and exit timing). Money is fast turning into a commodity.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. of startups raise VC.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Gust

OCTOBER 20, 2011

In 2011, the valuation of pre-revenue, start-up companies is typically in the range of $1.5–$2.5 Scorecard Valuation Methodology. This method compares the target company to typical angel-funded startup ventures and adjusts the average valuation of recently funded companies in the region to establish a pre-money valuation of the target.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

David Teten

SEPTEMBER 23, 2017

The only problem that faces startup investors now is how to mine this new data layer efficiently to increase returns.”. produced this analysis of engineering representation within VC firms: Selected VCs with Highest Representation of Developers in Workforce. VC Firm. $ Tech % of workforce. Google Ventures (GV). 17% (13 / 80).

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Agile VC

MAY 21, 2012

AGILEVC My idle thoughts on tech startups. ad-tech, analytics, development platforms, etc) the list is slightly different. And it’s not just because there will be more transactions and more competition for exciting startups. How to Evaluate Firms for a Seed VC. How To Think About The Future. May 21, 2012. link] leehower.

Acquisition 162

Acquisition Silicon Valley B2B Seed Stage 162

David Teten

DECEMBER 3, 2019

See Bessemer Venture Partners’ A comprehensive guide to security for startups. This provides us more time to develop meaningful relationships with prospects and customers. Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. 2) Market . 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

AUGUST 1, 2010

Like Brad Feld I’m syndication agnostic but I have a slight preference toward working with others. The obvious positive is that there is a lot less time spent raising money and more time spent on building the business at a critical stage in the company’s development. This is the nature of compromise.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

View from Seed

JANUARY 28, 2016

This is the best time to fundraise because that’s when you are able to command a meaningfully higher valuation for your next round to minimize your own dilution. Third, we look for founders that are customer obsessed, and are inclined to do the careful work of customer development that makes the pre-seed really productive.

Cofounder 120

Cofounder Finance Founder Syndicate 120

www.paulgraham.com

APRIL 28, 2010

Want to start a startup? A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. Few startups get it quite right. 1 ] A startups life will be more complicated, legally, if any of theinvestors arent accredited.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Austin Startup

DECEMBER 20, 2010

He’s joined by Brian Dainton and Eric Falcao, two seasoned Ruby developers who will hold the titles of Director of Products, and Director of Platform. I’ve been exploring ideas to work with these guys for a while because they are incredible developers. Chief Content Officer for ad:tech. Mass Relevance is this company.&#.

Curation 118

Curation Austin Cofounder Ruby 118

Agile VC

FEBRUARY 2, 2012

AGILEVC My idle thoughts on tech startups. I recently wrote a post noting that while the growth cycle of startups has clearly accelerated in the last 5 years, the number of truly monster new businesses (a company ultimately worth $75-100B) remains about the same … it’s a once in a decade sort of thing. February 2, 2012.

IPO 100

IPO South Korea Venezuela Revenue 100

Tim Keane

APRIL 12, 2006

Startups and angels: Along the way to success. What development stage is your primary business focus? It also gives investors information about your intellectual integrity and some glimmer of how you will face adversity in the startup process. valuation than the previous round. How do you approach valuation?

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60

mashable.com

MARCH 7, 2011

Billion View Comments How HTML5 Is Aiding in Cross-Platform Development February 22, 2011 by Christina Warren View Comments email share email share The Mobile App Trends Series is sponsored by Sourcebits , a leading product developer for mobile platforms. Follow Sourcebits on Twitter for recent news and updates.

Developer 93

Developer HTML API Ruby 93

Both Sides of the Table

NOVEMBER 8, 2010

Restricted Supply: We love the content that is produced by the companies that are the primary suppliers to hulu: Modern Family, The Office, The Simpsons or even classics such as Arrested Development. I would take a lower valuation in exchange for bringing in world-class investors that can create the right structure for future success.

Video 292

Video Technical Review Advertising Distribution 292

Duct Tape Marketing

DECEMBER 14, 2017

He’s been a developer/hacker for over 15 years, and he sold his first startup, VinSolutions for $150 million. I grew up working in flea markets, and my family was entrepreneurial, not in the tech side of things or anything, but in different ways, and was always working side projects and jobs for people as a developer.

Kansas City 40

Kansas City CTO Hire Las Vegas Software Developers 40

Rob Go

JANUARY 28, 2016

This is the best time to fundraise because that’s when you are able to command a meaningfully higher valuation for your next round to minimize your own dilution. Third, we look for founders that are customer obsessed, and are inclined to do the careful work of customer development that makes the pre-seed really productive.

Cofounder 28

Cofounder Finance Founder Syndicate 28

Austin Startup

AUGUST 1, 2017

This is most clearly highlighted in the “unicorn” boom we all saw over the past few years, where founders raised very large rounds, with terms very onerous to the underlying common stock, hoping they could eventually justify billion dollar valuations to skeptical acquirers or public market investors. Angels/Seed Funds v.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Professor VC

JUNE 6, 2016

However, in my 25 years in the Silicon Valley startup ecosystem, I've experienced the VC corollary to the golden rule much more often: "He has the gold makes the rules!" When AngelList first launched syndicates a few years ago, I was very skeptical of the idea of angels taking carry on my investment. I got over it.

Syndicate 28

Syndicate Syndication Cap Table Ratchet 28

Scott Edward Walker

NOVEMBER 26, 2017

Despite all the hype in the press (including with respect to the latest ICO craze), raising funds for your startup is still tough – particularly if you’re not located in San Francisco or Silicon Valley. The hard part, of course, is getting in front of “A” investors to pitch your startup. Tip #1: Get Warm Referrals to “A” Investors.

Term Sheet 63

Term Sheet San Francisco Founder Investment Bankers 63

Feld Thoughts

AUGUST 1, 2018

We are syndication agnostic, being indifferent between investing by ourselves or with co-investors – especially our partner funds – where we mostly have long and successful relationships. We refer to B and C rounds as early growth – essentially financings with valuations between $50m and $300m pre-money.

Syndicate 17

Syndicate Syndication IRR Canada 17