Both Sides of the Table

SEPTEMBER 15, 2022

We drew this conclusion after a meeting we had with Morgan Stanley where they showed us historical 15 & 20 year valuation trends and we all discussed what we thought this meant. But rest assured valuations get reset. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

Scott Edward Walker

MARCH 21, 2016

I’ve been handling a number of M&A transactions over the past few months from the buy-side, and one mistake I’m repeatedly seeing is the failure of the acquirer to perform an adequate due-diligence investigation of the target. 4) An important aspect of any acquisition is the due diligence investigation.

Technical Review 40

Technical Review Software Review Due Diligence New York City 40

YoungUpstarts

DECEMBER 14, 2016

In addition to setting a solid baseline for historical financial information, an audit engagement is a good test run to experience what the due diligence process may look like for management going through an acquisition for the first time. Tax positions and filing requirements. Protect your intangibles.

Acquisition 100

Acquisition Intellectual Property Technical Review Due Diligence 100

YoungUpstarts

NOVEMBER 20, 2019

At the end of the pitch, ask them about their time frame for completing due diligence and their decision-making process. On the other hand, if you’re having an in-depth, pre-due diligence, hour-long meeting, you should include as much detail as possible in your deck. Be clear about your fundraising strategy.

Technical Review 118

Technical Review Due Diligence Early Stage Differentiation 118

Both Sides of the Table

SEPTEMBER 25, 2010

Either would be fine with startups, so long as they can easily change their valuation. When I was raising money in late 1999 I had an investment team in Germany (I was in the UK) suggest that they should get a lower valuation than others because they were ex McKinsey guys and had better access to industry. I agree on all points.

Finance 286

Finance Term Sheet Technical Review Warrant 286

Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations.   I’ve sat down with entrepreneurs and a copy of a term sheet guide I like [ “Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations ” by Alex Wilmerding, Aspatore Press.] The Valuation Question.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

David Teten

JANUARY 19, 2021

Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. Typically 1-3 months of due diligence. Flexible VC offers you this. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”. Flexible VC: Compensation-based. 2-6 months.

Cofounder 78

Cofounder Technical Review Equity Dividend 78