Both Sides of the Table

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

I do already see a return of normalcy on the amount of time investors have to conduct due diligence and make sure there is not only a compelling business case but also good chemistry between the founders and investors. We’ll just wait until companies that last raised in 2019 or 2020 come to market.” What is a VC To Do?

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The Audacious Plan to Make Electricity as Easy as WiFi

Both Sides of the Table

I seldom hire patent attorneys during due diligence but this was too important. We hired IP specialists to review prior art. We grilled their IP attorneys. She connected me with Andreessen’s due diligence team who were surprisingly open with all the technical analysis they had done. It was impressive.

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Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence. What do I do now? After my board meeting I had to do an interview with a CFO candidate that one of my portfolio companies asked me to speak with.

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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

These days there are many lawyers that will do equity deals cheaply as long is it is a standardized, simplified term sheet, early stage, no serious investor / management debates, limited IP / customers / due diligence and as long as they perceive you as a “hot&# company that’s likely to need legal services for many years ahead. (if

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Time is the Enemy of All Deals

Both Sides of the Table

We moved into the legal process and final due diligence in January and February of 2000. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever. Push hard to set up the technical reviews, the due diligence meetings, the reference calls – whatever.