Both Sides of the Table

FEBRUARY 25, 2010

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. But we weren’t optimizing for dilution – we were building a $1 billion+ company and we wanted the runway to succeed. We moved into the legal process and final due diligence in January and February of 2000.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

David Teten

JANUARY 19, 2021

As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Early liquidity.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

www.paulgraham.com

APRIL 28, 2010

And if trouble withinvestors is one of the biggest threats to a startup, managing themis one of the most important skills founders need to learn. Some angel investors join together in syndicates. Whatkind of anti-dilution protection do they want? At Viaweb we managed to raise $2.5 Apparently our situation was not unusual.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Rob Go

JANUARY 17, 2017

In the last three investments I’ve made, there has either been a lifecycle VC involved or one was interested but didn’t end up being part of the syndicate. This means some combination of: Pitching the entire partnership and allowing the VC to do real due diligence. At minimum, $500K, but more likely closer to $1M.

Due Diligence 28

Due Diligence Seed Stage Syndicate Syndication 28