Professor VC

SEPTEMBER 26, 2011

How would Billy Beane have done as an early stage investor? Ive written previously about Right Side Capital Management (RCSM) , the latest in my post earlier this year, " How Much Diligence is Due. " (Full disclosure: I am an investor and adviser in RCSM.) They have launched a valuation tool that is free to try out.

Technical Review 38

Technical Review Early Stage San Jose Angel Investor 38

genylabs.typepad.com

SEPTEMBER 24, 2011

Before you agree to take equity in lieu of cash, you need to understand that any individual early stage start-up company equity is most likely going to be worthless. They had a great managment team, A list VCs, great technology, excellent sales traction and market leadership in a very exciting space. management.

Equity 40

Equity Technical Review San Jose Stock 40

Professor VC

APRIL 1, 2010

It had a good mix of viewpoints with east ( James Geshwiler, Common Angels ) and west coast (yours truly) angels, early stage venture capitalist ( Jason Mendelson, Foundry Group ), and a couple of attorneys ( Dan Hansen and Mario Rosati ). I also teach Entrepreneurial Finance at San Jose State.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Professor VC

APRIL 7, 2011

In a convertible note structure, Im penalized for increasing your valuation. Instead of getting a 2-3x multiple from seed to Series A, I get a discount off of the Series A, so Im better off financially with a lower valuation. You may say, if you are investing in the next facebook or google, why care about valuation?

San Jose 36

San Jose Technical Review Angel Investor Valuation 36

Professor VC

JANUARY 17, 2008

Another comment which probably deserves more discussion is around valuation. One of the panelists mentioned that they have gotten very valuation sensitive (nothing wrong with that) and like to purchase preferred stock rather than invest in convertible notes. Labels: angel groups , valuation. See you next time. Steve Bennet.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Professor VC

SEPTEMBER 24, 2009

Nope, the above quote isnt from Richard Dawson on Family Feud, but similar to a headline that caught my attention on the front page of the business section of the San Jose Mercury News this morning. On the financial analysis end, you have multiples far and away the most common valuation method over DCF, Simulation and Option analysis.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

Professor VC

AUGUST 26, 2011

I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. I also teach Entrepreneurial Finance at San Jose State. The importance is what is behind the numbers. How do you think? What are the key drivers and metrics?

Silicon Valley 35

Silicon Valley San Jose Hockey Stick Venture Capital 35