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

David Teten

SEPTEMBER 23, 2017

In venture capital in particular, early-stage companies are often operating in frontier industries, where the rules are unpredictable and conventional analytic frameworks may be misleading. A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. 4) Manage deal flow.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

FEBRUARY 3, 2014

Detailed due diligence. Their late stage deals outside of the venture centers outperform by ~5% vs. those in the venture centers; early stage deals outperformed by ~4%. All of these services want to create a liquid market for early-stage private companies, because that would be a very powerful position to be in.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Agile VC

MAY 26, 2011

In another we decended into a debate about our 5 year forecasts (I built the models so fielded most of these questions), and it became clear they probably weren’t the best fit for our Series A round (this group is no longer in the early-stage VC business). And a third firm “pressure tested” (i.e. link] dazhi chen.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

View from Seed

OCTOBER 22, 2015

One of the things we frequently discuss with founders is how to interpret and manage their dialogue with VCs when raising capital. A commitment typically only comes after a full partnership pitch and meaningful business diligence completed. Work on securing a lead investor who can then help in forming a syndicate.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

David Teten

JULY 10, 2017

Many large corporations face three seemingly disconnected challenges; they want: – Better returns on their balance sheet and underfunded pensions; – Access to the innovation economy to stay on top of the early-stage companies attacking their business; and. Trevor Bond , former CEO of CEO of W.P.

Employee 60

Employee Balance Sheet Syndicate Syndication 60

VC Adventure

MARCH 17, 2016

Even at the angel level terms should be clean, fair and align with management (preference multiples, “$50k for half your company”, etc are neither clean nor fair – to use specific examples that I’ve seen in the market). Angels are often unorganized and have scattered and burdensome investment processes.

Syndicate 48

Syndicate Syndication Angel Investor Colorado 48

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. So if youre going to sell cheap stockto eminent angels, do it early, when its natural for the companyto have a low valuation. Some angel investors join together in syndicates.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

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. My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. We ended up agreeing a term sheet for $16.5 Yes, this was stupid. I’ve done it.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Gust

OCTOBER 20, 2011

Working within a network of angel investors also expands the pool of expert resources and helps divide the work of screening companies and investment due diligence. Some are surprised to find that investor rankings of product and technology are below those of the management team and the size of the opportunity. Experience. +.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Tim Keane

APRIL 12, 2006

What is your due diligence process? If the investors ideal size is smaller than your need, you ought to ask about syndication. If they don’t like to syndicate, or don’t have a track record of doing it, you will want to consider your options. Fewer investors will take common stock in early stage transactions.

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60