Gust

SEPTEMBER 29, 2011

The most successful serial entrepreneurs in the world may found three or four, perhaps even eight or ten venture-backed startups over the course of their careers. Experienced investors often don’t feel the need to involve legal counsel in most typical convertible debt seed or angel round investments. There are two principal reasons.

Finance 178

Finance Term Sheet Preferred Stock Bridge Financing 178

Gust

OCTOBER 5, 2011

Last week , we gave some attention to the “why” behind convertible note financing for early stage startups. In this installment, I’ll dig into the “how” by dissecting an example term sheet based on a real deal. These deal terms are simple but significant. On to more specific terms next week.

Finance 79

Finance Preferred Stock Term Sheet Early Stage 79

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. We’ve written before on how to research partners , how to pitch the right investor at a given firm, and how to raise seed capital , generally speaking.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

Feld Thoughts

JULY 14, 2015

But instead of adding it on to the note or doing an equity round with a price, which could still be an early stage price but below the cap, they make the argument that since the company couldn’t raise a round, the company is worthless. So they recapitalize the company.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70