View from Seed

JANUARY 13, 2021

But in the grand scheme of things, 10 years is a blip, and one that had a continuous bull market in tech. But what has also happened over the last 10 years is the massive expansion of the series A and lifecycle fund market. I’ll be writing a number of posts looking back over the first decade of the life of this firm. But guess what?

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Part of the magic of revenue-based financing is how historical performance and strong, achievable financial projections are ultimately the backbone of how RBI/RBF investment decisions are made.” Volatile, uncapped.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Hunter Walker

SEPTEMBER 5, 2021

I really liked Jason Lemkin’s “ Do You Have a Weak Investor Syndicate ” blog post from earlier in the summer. As a venture fund I might have a strategy which says “for every dollar I invest into companies, I will hold one dollar in reserve for additional financings.” Go read it and then come back here…. Long term greedy!!!!

Cap Table 94

Cap Table Seed Stage Syndicate Syndication 94

View from Seed

JANUARY 26, 2016

There are a number of factors that have contributed to the rise of pre-seed rounds, but the strongest have been the frothy late-stage financing market, coupled with both the scaling-up of some of the early winners in the institutional seed ecosystem and the scaling-down of some larger funds that retrenched after the financial crisis.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

View from Seed

JUNE 30, 2015

A few weeks ago, Manu Kumar wrote an excellent post detailing the current state of the seed financing landscape. I think it’s much better to think of things in terms of company milestones , which are: Inception –> Early Product-Market Fit –> Strong PMF –> Scaling Growth. Some still happen fast.

Seed Stage 120

Seed Stage Syndicate Syndication Dilution 120

Rob Go

SEPTEMBER 2, 2014

This forces some level of intellectual honestly about one’s position in the market, and can push you to try to see around corners and respond. The founder sacrificed having potentially “smarter money” around the table, but got the same amount of dollars in the bank for less dilution. Alternative funding sources.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

View from Seed

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 120

Cofounder Finance Founder Syndicate 120