View from Seed

OCTOBER 21, 2014

As the seed-stage startup fundraise process has received more transparency in recent years, ranging from published advice on how to raise seed capital to increased availability through AngelList, Funders Club, and various accelerator programs, I’ve noticed another trend emerging. Lower-Than-Market Value. Above-Market Value.

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

Genuine VC

JULY 30, 2012

Sharing these expectations early in potential lead investor discussions fundamentally qualifies the conversations, but it also runs the risk of prematurely losing a potential financing partner or reducing options to maximize a financing process outcome. Above market. But, also by definition, that just can’t be the case.

Valuation 136

Valuation Pre-Money Valuation Angel Investor Syndicate 136

Both Sides of the Table

AUGUST 1, 2010

Many firms do it in a way that can be more detrimental to entrepreneurs. We’ll probably end up paying more than we’d want to because we want to take the investment off the market and the entrepreneur will likely feel they should get a higher price if they shopped it broadly on the open market.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

Both Sides of the Table

APRIL 3, 2010

I know many super experienced entrepreneurs who don’t understand the basics of how fund size and age can affect them so I thought it was worth establishing a baseline. In a world of The Funded, VentureHacks and entrepreneur blogs this kind of informations spreads like wildfire. Let me explain: 1. And they don’t.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

David Teten

FEBRUARY 3, 2014

Based on our study, we have five recommendations to dramatically improve the volume and quality of dealflow for venture capital investors. Build a specialized outbound origination program. Investors with dedicated, large-scale sourcing teams are almost all top-quartile performers across stage, vintage, and sector.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

mashable.com

NOVEMBER 2, 2011

AngelList is brilliantly designed to make it easy for investors to write checks to entrepreneurs. Naval and Nivi , the founders of AngelList, took the very best social mechanics from Facebook , Twitter and LinkedIn to create a “social proof” that ultimately makes investors comfortable writing checks. Mobile Lists.

Social Media 80

Social Media Startup Angel Investor RSS 80

David Teten

JUNE 12, 2014

We saw over time that our investor group, just like Angel List and most other angel groups, was good at syndication and not so good at leading rounds. As a result, we launched the Fast Track program, which helps VCs and active investors who are HBSAANY members to syndicate rounds with value-added members of our network.

New York 114

New York Connecticut Angel Groups Florida 114