Both Sides of the Table

JULY 22, 2010

I couldn’t understand why they wanted so many options until a friend pointed out that this just lowered their “true&# pre-money valuation (they also asked for some sharp elbowed terms in the deal). So they agreed to match True’s term sheet. I turned them down. They were nonplussed. No gotchas.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

Gust

JULY 23, 2014

You can find this in a number of places, but in a nutshell, I prefer to invest in highly-scalable, technology-based ventures, with a particular focus on platforms, at a very, very early stage (but, oxymoronically, where there is already some type of traction).

Angel Investor 153

Angel Investor Elevator Pitch Pre-Money Valuation Technical Review 153

This is going to be BIG.

JULY 30, 2015

So, if that was the case, and the market was competitive, why wouldn't each VC be bidding up a round up until the point where they could get the return that matches their own cost of capital? I assumed the following: Seeds are done as a $1mm round on a pre-money valuation of $5mm. Exits are $250mm. How about price?

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

Hippoland

AUGUST 31, 2018

So, I thought it might make sense to take a step back and talk about all the stages of early stage fundraising here in the Silicon Valley. In early stage investing, at least in Silicon Valley, there are basically 4 stages: pre-seed, seed, post-seed (or pre-A), and series A.

Pre-Money Valuation 90

Pre-Money Valuation Valuation Silicon Valley Early Stage 90

dondodge.typepad.com

JANUARY 15, 2011

Community is more powerful than money or technology » August 11, 2007 How much equity for investors and employees? Entrepreneurs face some pretty tough questions at a very early stage. Should I take Angel or VC money? How much money should I raise? How much equity should I grant to early employees?

Equity 40

Equity Employee Dilution Valuation 40

This is going to be BIG.

SEPTEMBER 7, 2012

So, the idea that it's a good or bad idea to follow on, or to play in certain stages versus others--honestly, it's a lot of marketing hype and anecdotal stories that really don't play out across the law of large numbers. Some of this thinking is also driven by folks who aren't well connected to the rest of the later stage venture community.

Later Stage 99

Later Stage Down Round Pre-Money Valuation Early Stage 99

Hippoland

AUGUST 31, 2018

So, I thought it might make sense to take a step back and talk about all the stages of early stage fundraising here in the Silicon Valley. In early stage investing, at least in Silicon Valley, there are basically 4 stages: pre-seed, seed, post-seed (or pre-A), and series A.

Pre-Money Valuation 48

Pre-Money Valuation Valuation Silicon Valley Early Stage 48