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

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5% return cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

www.paulgraham.com

APRIL 28, 2010

Some angel investors join together in syndicates. Whatkind of anti-dilution protection do they want? The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. Not all the people who work at VC firms are partners. Hell if they know.In

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. Usually, the investment process is very fast – you don’t need to do a full partner meeting, they don’t take a board seat, the VC is price insensitive, etc.

Due Diligence 28

Due Diligence Seed Stage Syndicate Syndication 28