David Teten

JANUARY 19, 2021

Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. That said, Jonathan Bragdon, General Partner, Capacity Capital , points out that Flexible VC terms “twin” well with equity: providing less dilution while still providing investor assistance. . Time required to invest.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

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

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

www.paulgraham.com

APRIL 28, 2010

Some angel investors join together in syndicates. Whatkind of anti-dilution protection do they want? The angel now owns 200/1200 shares, or a sixth of thecompany, and all the previous shareholders percentage ownershipis diluted by a sixth. Startups valuations aresupposed to rise over time. In the Bay Area its the Bandof Angels.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76