View from Seed

JANUARY 13, 2021

It turns out capital is not a weapon, especially in the early stages of building a business, and even experienced founders who can raise huge sums often realize this and right-size their asks. If there are venture capital history books, NextView will be a minor mention in the chapter about the 2011-2021 era.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of “micro VCs” or seed-stage funds. The rise of alternative sources of capital (crowd funding and the like). The “big boom” in startup financing started around March 2009?—?more

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Women Entrepreneurs Can

NOVEMBER 19, 2022

A Venture Capital Firm is a firm that invests in startups and early-stage companies. However, not all firms are venture capital firms. Early-Stage Investments vs. Mid-Stage Investments. Investing in a startup company carries a high degree of risk, particularly at the early stage.

Venture Capital 52

Venture Capital Early Stage Liquidity Event SEC 52

ReadWriteStart

MAY 22, 2023

Europe has also lagged behind the US in venture to finance. Governments may be able to provide support in these areas by removing barriers to growth and spurring venture capital to help Europe’s fledgling Metaverse ecosystem. Talent retention is one of the biggest challenges facing Europe’s Metaverse industry.

Finland 187

Finland Europe Estonia Silicon Valley 187

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

JULY 16, 2010

One is the “denominator problem&# which says that if an LP invests X% (the denominator) into “alternative investments&# such as venture capital and if their total amount available to invest (the numerator) goes down by 30% then the amount they allocate to VC will by definition need to go down by 30% to stay the same percentage.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Both Sides of the Table

JULY 26, 2022

Obviously the funding environment has changed considerably in 2022 but as early-stage investors our daily jobs stay largely unchanged. And while over the past few years we have been laser-focused on cash returns, we are equally planting seeds for our next 10–15 years of returns by actively investing in today’s market.

San Francisco 408

San Francisco Early Stage Venture Capital Los Angeles 408

View from Seed

JANUARY 27, 2021

. $100M is a meaningful increase from our $50M third fund, though it’s still quite small in the grand scheme of venture, especially amid the recent wave of late stage financings and SPACs. We believe that this fund is the perfect size for us to be the best possible partners to early-stage entrepreneurs today.

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LP Early Stage Seed Stage Venture Capital 411

Feld Thoughts

JULY 19, 2018

In addition to our own funds, we are investors in a number of other early-stage VC funds as part of our Foundry Group Next strategy. “Historically, the $10 million valuation mark has been somewhat of a ceiling for seed stage startups. All the experienced finance people I know talk regularly about cycles.

Early Stage 105

Early Stage Seed Stage Valuation Finance 105

David Teten

MARCH 18, 2021

A typical VC thesis: “we invest in tech startups in Europe at an early stage” However, our experience shows that in many cases: . Thirty-four VC firms in OpenVC call themselves “early-stage” Yet, 30% of those don’t actually invest in pre-revenue startups. of venture capital deals.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

Both Sides of the Table

OCTOBER 12, 2014

These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. I have seen bad behavior from later-stage VCs, believe me. But I have seen equally bad behavior from super early stage investors. Here’s what you need to know.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Both Sides of the Table

JUNE 29, 2011

Yesterday I wrote Part 1 of the series on the changes to the software industry over the past decade that has led to changes in the venture capital industry itself. With new micro VC entrants into to early-stage investing plus increased competition from angels, incubators and the like – traditional VCs have taken notice.

Venture Capital 296

Venture Capital Software LP Early Stage 296

Hunter Walker

FEBRUARY 17, 2022

At the seed stage, no matter how much you know about an industry or a founder, you’re still taking a real bet. Homebrew: Venture capital is no longer as opaque as it was 10 years ago, but a lot of what gets shared is pro-VC content marketing more than the real day-to-day reality.

Venture Capital 85

Venture Capital San Francisco Portfolio Operations 85

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. In 2011, Israeli venture capital funds invested $525 million in Israeli companies, an increase of 42% from 2010, and a rise of 28% from 2009 levels. Mid and later stage companies attracted $1.48 billion raised in 2009.

Technical Review 111

Technical Review IPO Seed Stage 111

Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

K9 Ventures

JUNE 5, 2015

Almost two years ago, in a private/closed meeting with K9 Ventures’ LPs only, I claimed that: What was being referred to in the press as the “Series A Crunch” was not because fewer Series A deals were being done, but because there were too many Seed deals being done. The risk here is what I refer to as the curse of over-capitalization.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

Mucker Lab

AUGUST 27, 2014

My partner Erik Rannala has had a similar experience, having worked as a VC at Harrison Metal before moving down to LA to co-found our seed stage venture firm. It’s probably not too controversial to say that the median level of sophistication of early stage entrepreneurs in Los Angeles is lower than that of Bay Area.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

www.seriesseed.com

MARCH 2, 2010

SeriesSeed.com Series Seed Financing Documents Blog Home Documents Blog Archives Subscribe 09/02/2010 Version 2.0 and why Series Seed Documents are better than capped convertible notes “First they ignore you. of the Series Seed Documents as well as a red-line showing the changes I’ve made from the original set. 

Finance 58

Finance Term Sheet Equity Aggregator 58

Feld Thoughts

NOVEMBER 2, 2016

This quarter they interviewed me as part of it on Quarterly VC Update: Brad Feld on the State of Venture Capital Investing. It continues to be highly dependent on company, stage, and location. At the early stages, raising the first $2m tends to be straightforward in most geographies that have meaningful startup communities.

Venture Capital 70

Venture Capital Private Equity Early Stage Valuation 70

Steve Blank

FEBRUARY 26, 2020

For startups the early stage funding landscape looks like this: Step 1: The Pre-seed round – you raise $100-$750K. Step 2: The Seed round – you raise $1-$3M (in some cases even $2-5M). Btw, the definition of each startup financing stage has changed in the last decade. Pre-seed Round of Funding.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

VC Cafe

JANUARY 24, 2012

Reports on the drop of local VC financing in Israel don’t tell the whole story. In 2011, Israeli venture capital funds invested $525 million in Israeli companies, an increase of 42% from 2010, and a rise of 28% from 2009 levels. Mid and later stage companies attracted $1.48 billion raised in 2009.

Technical Review 60

Technical Review IPO Seed Stage 60

Startup Company Lawyer

AUGUST 31, 2012

Over the past few years, convertible debt has emerged as a quick and inexpensive method for startup companies to raise money from angel investors and early stage venture funds. ” As a result, Ted introduced the Series Seed preferred stock documents as an alternative to convertible debt for early stage investments.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

View from Seed

JANUARY 11, 2023

Think intimate practice pitch sessions featuring real-time feedback from the NextView team and the broader early-stage investment community. Think partners coming together to tap their own networks for your follow-on rounds of financing. The Clarity of the Terms : how will your company be financed? Let’s do this! .

Programming 156

Programming Sacramento San Francisco Founder 156

K9 Ventures

JUNE 12, 2012

While it it may not feel that way, the data suggest that there is indeed too much capital in the system — especially so at the seed stage, with more and more individuals and larger funds trying to invest in companies at this stage.). For most venture capital funds money is a commodity. It is a tool.

Venture Capital 117

Venture Capital Silicon Valley Founder Seed Stage 117

K9 Ventures

JUNE 12, 2012

While it it may not feel that way, the data suggest that there is indeed too much capital in the system — especially so at the seed stage, with more and more individuals and larger funds trying to invest in companies at this stage.). For most venture capital funds money is a commodity. It is a tool.

Venture Capital 105

Venture Capital Silicon Valley Founder Seed Stage 105

YoungUpstarts

NOVEMBER 17, 2016

This change means that virtually any individual, not just the wealthy, will have opportunities to make equity investments in early stage companies. That suggests, potentially, more early stage capital for entrepreneurs. It is often seed stage investors who help open the doors to all these types of relationships.

Equity 100

Equity United Kingdom Cap Table Oklahoma 100

Professor VC

SEPTEMBER 26, 2011

How would Billy Beane have done as an early stage investor? Below is a short description of their philosophy: "The part of our philosophy that makes us most different from other startup investors is that we dont believe gut feel is a reliable indicator of potential at the seed stage. ProfessorVC. Steve Bennet. at 2:32 PM.

Technical Review 38

Technical Review Early Stage San Jose Angel Investor 38

ReadWriteStart

APRIL 7, 2011

Since 2002, the law form of Fenwick & West has conducted a venture capital survey, a response to "the burst of the 'dot-come bubble' and a desire to provide the entrepreneurial community with objective information about the status of the venture environment." The median amount raised in preferred stock financings was $1.1

Preferred Stock 115

Preferred Stock Silicon Valley Seed Stage Venture Capital 115

Haystack

APRIL 27, 2018

Looking back on this, in a way, it’s silly; yet, for seed-stage investors and the founders we back, getting companies from seed to Series A is a really important milestone, a milestone I’ve likened to getting into the graduate school of one’s choice. And who specifically did those Series A rounds?

Naming 60

Naming Venture Capital Seed Stage Cap Table 60

K9 Ventures

APRIL 9, 2014

Instead, it was more of a result of over-funding at the seed stage. There was simply too much money coming in to the seed stage, which increased the supply of companies at the seed stage. Taken together, it means an early stage company needs to survive longer, with higher expenses.

Mezzanine 134

Mezzanine Seed Stage Early Stage IPO 134

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). Seed Startups. VC Cafe covers early stage Israeli and European tech & mobile startups. easy business finance software. Boilerplate Venture Funding Documents. YCombinator Series AA Equity Financing Documents. About VC Cafe.

Software Review 53

Software Review Technical Review Startup 53

Professor VC

JANUARY 27, 2011

I strongly believe (at least for very early stage technology ventures) that you will get diminishing returns and arguably negative returns once you get past an initial threshold of team, product, market and financial diligence. The Most Important Venture Capital Statistic. I immediately jumped up and called "b t".

Technical Review 31

Technical Review Due Diligence Silicon Valley San Jose 31

Both Sides of the Table

OCTOBER 18, 2015

There is a lot of uncertainty about the state of the private, high-growth technology markets and the venture capital markets that underpin them. Technology riches yield bumper crops in venture capital with new firms and new largesses – the rewards of LPs rediscovering our asset class. Are LPs to blame?

IPO 150

IPO Venture Capital LP SEC 150

K9 Ventures

MAY 14, 2011

In my view the terminology being used for early stage investors by the press and the media is not as clear as it should be. I’ve talked about this on several occasions when I’ve been at conference and on panels, but I figured it would make sense to do a post explaining my taxonomy of the early-stage investing world.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

K9 Ventures

OCTOBER 12, 2015

I define #PeakVC as the point in time when the maximum amount of $$s are entering the Venture Capital industry. That is because the venture capital industry operates in cycles. That increases the overall money supply coming in to venture. It doesn’t matter whether you believe in the Peak Oil theory or not.

Venture Capital 48

Venture Capital Seed Stage LP Valuation 48

Austin Startup

MAY 19, 2018

 —  @birsic So without further ado, here are my thoughts on some dos and don’ts for early stage investors. The bottom line is that being a seed stage founder is mostly a very thankless job. Don’t boomerang founders If you have specific metrics you look for in early stage companies.

Founder 75

Founder Early Stage Software Review Deal Flow 75

mashable.com

NOVEMBER 3, 2010

This dynamic births serial entrepreneurs and motivates angels and venture capitalists to pull their friends into investment deals. For the first-time entrepreneur or founder looking for seed stage funding, this circle can be especially difficult to penetrate. What follows is the best advice and tips from these interviews.

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Angel Investor Startup San Francisco Social Media 80