Steve Blank

APRIL 26, 2022

Except, that is, for the bottom feeders of the Venture Capital business – investors who “ cram down ” their companies. They offered desperate founders more cash but insisted on new terms, rewriting all the old stock agreements that previous investors and employees had. ” On one hand they’re right. You’re not.

Cram Down 408

Cram Down Founder Venture Capital Recapitalization 408

The Startup Magazine

AUGUST 11, 2023

Seed venture capital firms can make more significant follow-on investments to keep or increase their equity stake in the company. In most cases, this is the first important round of venture capital funding that the company has received. How does the funding for the seed stage work?

Seed Stage 148

Seed Stage Technical Review Early Stage Due Diligence 148

David Teten

SEPTEMBER 2, 2017

It’s hard enough to get a job at a venture capital or private equity firm; it’s even more complex to join as a Partner. These are many of the steps I went through when I joined HOF Capital. Also see Preqin’s Key Due Diligence Considerations for Private Equity Investors. . name of the Fund).

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Up and Running

SEPTEMBER 19, 2017

When you accept outside money, particularly a private equity (PE) investment, however, that changes. In this article, I’ll provide some personal stories of how investors have navigated the balance between raising private equity capital and not losing control of their startup. Those days are long gone.

Private Equity 94

Private Equity Pre-Money Valuation Equity Startup 94

David Teten

AUGUST 1, 2019

You’re investing your time, reputation, network, and probably also capital. So I recommend use the framework of an investor: Venture capital investing checklist. Negotiating Employment with a Private Equity Firm – 7 Surprises to Expect. Negotiate Your Equity And Salary With Stock Option Counsel Tips.

Private Equity 60

Private Equity Equity Due Diligence Portfolio 60

Haystack

DECEMBER 29, 2018

6/ Venture Capital In Expansion Phase. Public investors, cross-over investors, and even traditional private equity firms have taken notice, further blurring the lines of what constitutes true venture capital. Launching out of Santa Monica, Bird grew like crazy, triggering U.S.

Technical Review 165

Technical Review Venture Capital Russia China 165

Steve Blank

MARCH 16, 2016

Founders can now access the largest pool of risk capital that ever existed –in the form of Private Equity (Angel Investors, family offices , Venture Capitalists (VC’s) and Hedge Funds.). At its core Venture Capital is nothing more than a small portion of the Private Equity financial asset class.

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

David Teten

DECEMBER 8, 2010

(UPDATE: Authorities have arrested one other employee of Primary Global, James Fleishman, and several other technology company employees for allegedly leaking information. another technology company employee pleaded guilty and is cooperating with investigators.&#160.

Networking 122

Networking Private Equity SEC Software Review 122

Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Today billions of dollars that companies could have invested in innovation are sitting in the hands of private equity funds. We legalized robbing the corporate treasury.

Private Equity 326

Private Equity Metrics China Intellectual Property 326

VC Cafe

JULY 4, 2022

What’s happening in the venture capital world? The WSJ confirmed what we already know: Q2 venture capital investments declined both in size and in valuation. Venture Capital Feels the Stock Market’s Pain, Wall Street Journal. Declining investment: U.S. VC funds invested about $47.5 How bad can it get?

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

David Teten

JANUARY 11, 2020

In the venture capital/private equity business, investors are B2B microinfluencers. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. High-potential prospective employees of portfolio companies.

Social Media 60

Social Media Technical Review Media Private Equity 60

David Teten

JULY 25, 2017

As I’ve worked to build out HOF Capital ’s portfolio acceleration platform , the #1 question I think about is: how do we scalably support our companies? Large private equity funds like KKR can afford to pursue a consulting model ( Capstone ), typically with associated fees, but that doesn’t normally make economic sense for a VC.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Growthink Blog

APRIL 3, 2012

Finally, building a Board of Advisors and/or hiring accomplished employees will boost your credibility and show VCs that you know how to execute, and can thus effectively grow your business with the funding they invest in you. Don't get me wrong. It is your job to overcome this pessimism.

Private Equity 97

Private Equity Venture Capital Equity Forecast 97

Steve Blank

APRIL 8, 2022

Think of the Deputy Secretary of Defense as the Chief Operating Officer of a company – but in this case the company has 3 million employees (~1.4 Integrate and incent the Venture Capital/Private Equity ecosystem to invest at scale. Kathleen Hicks at Stanford’s Gordian Knot Center for National Security Innovation.

Security 219

Security Silicon Valley China Private Equity 219

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

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . The 11 Steps of Investing in Private Companies. In the private equity universe, most Partners have primary training as deal-makers, not as managers.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Austin Startup

NOVEMBER 6, 2017

The main drivers, from our viewpoint, are: Many tech entrepreneurs no longer view venture capital as an inevitability in their growth path, and have grown skeptical of the traditional “growth at all costs” mindset found in many startup circles; and An increasing number of VCs are growing comfortable with LLCs.

Delaware 48

Delaware LLC Startup Silicon Valley 48

David Teten

AUGUST 19, 2019

This structure offers some of the benefits of traditional equity VC, without some of the negatives of equity VC. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. Decathlon Capital. Long-term nature maximizes flexibility of capital.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

www.inc.com

SEPTEMBER 24, 2011

Employee Benefits. Will Work for Equity. Dave Graham Business Venture Capital Private Equity GlobalLogic Inc. Venture Capital Firms. Jumpstart wasnt much at the time, just four employees working from home offices. Theres a huge opportunity cost in not taking equity," he says.

Arizona 40

Arizona Equity Iowa Venture Capital 40

David Teten

APRIL 1, 2011

I hope that you can join us Monday night, April 4, midtown NYC, at a panel on “Innovation in Private Company Liquidity-Online Merger Markets, Social Media, Secondary Markets, Non-US Markets, Private Equity, and the Disappearing IPO” The program is sponsored by the HBS Club of New York and the HBS Angels of NY.

Private Equity 68

Private Equity Merger IPO Equity 68

Steve Blank

MARCH 17, 2020

Large companies are sending employees to work at home. If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. Large retail chains are shutting down their stores. But next the question is, ‘What happens to my business?”. You need to act now.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

mashable.com

OCTOBER 16, 2010

The venture capital industry is facing real competition for the first time in decades. Not only that, but the growing battle between venture capital firms and “super angels&# presents an amazing opportunity for entrepreneurs trying to build the next big thing. The answer is the rise of super angels, Graham said.

Angel Investor 84

Angel Investor Venture Capital Social Media Technical Review 84

mashable.com

OCTOBER 16, 2010

The venture capital industry is facing real competition for the first time in decades. Not only that, but the growing battle between venture capital firms and “super angels&# presents an amazing opportunity for entrepreneurs trying to build the next big thing. The answer is the rise of super angels, Graham said.

Angel Investor 83

Angel Investor Venture Capital Social Media Technical Review 83

David Teten

JANUARY 2, 2019

A few years ago I published a research paper on how private equity and venture capital firms originate investments. Number and seniority of fund employees sitting in meetings with you. What does that actually mean? Is this the business equivalent of telling a flame, “ It’s not you, it’s me ”?

Private Equity 60

Private Equity Due Diligence Venture Capital Equity 60

This is going to be BIG.

MAY 4, 2022

Would you take a check from a corporate raider whose private equity dollars come with mass layoffs and union-busting? If prospective employees didn’t do this kind of research before, they almost certainly will now. A lot of people make their money in ways that you wouldn’t necessarily feel great about.

Cap Table 163

Cap Table Cofounder Private Equity Finance 163

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. David Teten: What is GLG Share, and why did you launch it?

New York 114

New York Technical Review Networking Advisory Board 114

Austin Startup

MARCH 7, 2021

in the last four years we’ve seen a 250% increase in venture capital funding and have doubled the number of startup development organizations in our community.” It is the tech hub of Texas and has the most local venture capital and attracts the most venture capital. Austin Ventures.

Texas 90

Texas San Antonio Houston Dallas 90

YoungUpstarts

SEPTEMBER 20, 2016

Think about it – when is the last time a business didn’t benefit from having smart employees or strong customer relationships? An employment offer letter or employment agreement should be utilized when hiring employees. This helps prove the intent of the parties and avoid any potential employee misclassification issues with the IRS.

Non-disclosure Agreement 100

Non-disclosure Agreement Intellectual Property Non-Compete Cofounder 100

David Teten

SEPTEMBER 10, 2019

You’re investing your time, reputation, network, and probably also capital. So I recommend use the framework of an investor: Venture capital investing checklist. Negotiating Employment with a Private Equity Firm – 7 Surprises to Expect. Negotiate Your Equity And Salary With Stock Option Counsel Tips.

Due Diligence 60

Due Diligence Stock Options Covenant Private Equity 60

www.thedailymuse.com

SEPTEMBER 18, 2012

It’s essential to make sure you take reasonable steps to control risk in your interactions with customers, suppliers, users, employees, and the general public. Hiring employees. Raising capital. 3 Signs Your Employees Think You Suck as a Manager. The best practical way to see if your employees really. Each other.

Hiring 56

Hiring LLC Intellectual Property Private Equity 56

David Teten

FEBRUARY 7, 2012

Before making the decision to join ff Venture Capital , I did some research on early-stage tech investing as an asset class and how it’s evolving. This enhances our ability to work with more companies, thereby increasing the amount of capital we can put to work. What was striking was what an attractive asset class it was.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

David Teten

FEBRUARY 6, 2013

David Teten, Partner, ff Venture Capital ; Chairman, HBS Alumni Angels of Greater New York. Balloch’s 20+ year career prior to becoming an angel investor was in financial services both in the private equity world- fundraising and investor relations, and in investment banking.

Private Equity 114

Private Equity North America Cofounder Angel Groups 114

Haystack

JULY 8, 2018

So, that’s why I’m writing this short post specifically for 1) employees of early-stage startups and 2) the earliest investors in these startups, who are often themselves new to the entire sector. For employees at early-stage companies… the equity you’ve been granted is likely common stock, just like the founders.

Early Stage 95

Early Stage Dilution Private Equity Common Stock 95

Growthink Blog

DECEMBER 13, 2017

This frothiness, when coupled with very low yields on cash instruments, makes it far easier for more speculative investment propositions, like angel, venture capital, and private equity investments, to be evaluated on their individual merits versus more of a blanket “risk anxiety” as is typical in more normal markets.

Marketing 59

Marketing Malaysia Indonesia Private Equity 59

Professor VC

MARCH 10, 2009

In other parts of the country, this is business as usual: Identify a customer need Build a product Sell the product In the valley, the knee jerk reaction is to start with the powerpoint deck and look for the venture capital drug. Jon Fisher purposely avoided raising venture capital in his ventures. Venture News.

Bootstrapping 28

Bootstrapping San Jose Silicon Valley Software Review 28

Growthink Blog

JANUARY 28, 2015

This challenge has many dimensions - from receivables and cash flow, to commercial banks (in spite of the strong economy) still mostly on the sidelines, to the availability of private equity and other forms of risk capital to fund growth initiatives. And this is what CEOs really want, isn''t it?

Coder 48

Coder Private Equity Venture Capital Business Model 48

Growthink Blog

MAY 10, 2012

If it's not your plan to get venture capital down the road, then you'll probably stop in Stage 2-receiving enough funding to boost your marketing, sales, and infrastructure to grow organically from there to the point where you are satisfied or ready to sell. Series B is the round that follows series A in early stage financing.

Equity 88

Equity Mezzanine Later Stage Venture Capital 88