Remove Early Stage Remove Management Remove Open Source Remove Pre-Money Valuation
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The Changing Structure of the VC Industry

Both Sides of the Table

pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights. I highlighted how these tectonic technical shifts have altered the VC industry in this post: How Open-Source & Horizontal Computing Spawned the Micro VC Market. 2007 was the watershed year.

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Thoughts on Convertible Notes

K9 Ventures

However, the maturity date and the debt-nature of the note are often responsible for exerting pressure on founders that changes their focus from building value in the company, to instead “managing” the note holders and/or looking at doing a financing. Every first time founder needs to learn what it means to manage a board.

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How to Start a Startup

www.paulgraham.com

The middle managers we talked to at catalog companies saw the Web not as an opportunity, but assomething that meant more work for them. But this is just the kindthat tends to be open source: operating systems, programminglanguages, editors, and so on. At this stage the company is just a bet. Thereis no rational way.

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