K9 Ventures

JUNE 5, 2015

Low supply of companies with traction drove the valuations and deal sizes up. The risk here is what I refer to as the curse of over-capitalization. Seed stage was super tough. Seed is the New A. The seed round has ballooned. Valuations are rising to match. more traction means it takes longer. The Epilogue.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

Gust

OCTOBER 17, 2011

Entrepreneurs sometimes assume an initial agreement with an angel is a commitment, so they start spending before any money is received. It’s true that angel investors typically do not present entrepreneurs with overly complicated deal structures, especially when compared to venture capitalists. Seat on the board.

Term Sheet 158

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 158

Gust

SEPTEMBER 29, 2011

The most successful serial entrepreneurs in the world may found three or four, perhaps even eight or ten venture-backed startups over the course of their careers. Others have discussed in detail the pros and cons of convertible debt vs. seed equity rounds. Let’s take it from the top: Why convertible notes?

Finance 178

Finance Term Sheet Preferred Stock Bridge Financing 178

The Startup Lawyer

OCTOBER 9, 2010

Pretty expensive seed capital. Good luck trying to convince even the most nascent of startups to take your investment at around a $100k post-money valuation. b) Office space is a nice kicker, but no entrepreneur is going to give up equity in their mobile app startup company for office space. (b)

Dallas 91

Dallas Seed Capital Incubator Post-Money Valuation 91

ReadWriteStart

APRIL 26, 2012

Angels have significantly increased their investment activity, and are committing more dollars resulting from higher valuations," says Jeffrey Sohl, director of the UNH Center for Venture Research at the Whittemore School of Business and Economics. “It If your business is beyond the seed capital stage, there’s still good news for you.

New Hampshire 120

New Hampshire Early Stage Seed Capital Angel Investor 120

Feld Thoughts

JULY 29, 2011

Finance Friday’s gets off the ground with today’s post by introducing you to an imaginary startup, the entrepreneurs that we’ll being following throughout the series, and their first challenges: splitting up the founders’ equity and addressing the case where one of the founders provides the initial seed capital for the business.

Equity 137

Equity Finance Pre-Money Valuation Denver 137

View from Seed

SEPTEMBER 13, 2018

Over the past five years, we’ve witnessed an Atomization of the Seed Stage. Early fundraising is no longer a one-and-done fundraise of a single round of Seed capital subsequently followed by a Series A 12–18 months later. A seed extension has ceased to be the equivalent of scarlet letter, and instead has become commonplace.

Seed Stage 136

Seed Stage Post-Money Valuation Valuation Startup 136

Business Plan Blog

DECEMBER 10, 2013

The most important principle of startup fundraising that every entrepreneur needs to know is: raise enough capital to achieve a set of milestones that will allow the company to attract the next round of investment. The Milestones Angel Investors Care About. Product Development. Founding Team, Key Hires, Advisory Board.

Angel Investor 55

Angel Investor Intellectual Property Seed Capital Advisory Board 55

Scott Edward Walker

SEPTEMBER 21, 2011

I’ve been helping entrepreneurs raise capital as a securities lawyer for 17+ years, and there are certain fundamental mistakes that I’ve seen entrepreneurs repeatedly make. Accordingly, I thought it would be helpful to share three basic tips for entrepreneurs in connection with raising capital. How is this done?

Preferred Stock 45

Preferred Stock Angel Investor Entrepreneur Common Stock 45

Software By Rob

JANUARY 8, 2019

And to do this without the headache of traditional fundraising, loss of control, or the pressure to build a unicorn ($1B valuation) or even raise another round of funding. In general I'm eager to see people explore new ways of supporting entrepreneurs. Would love to chat and see how/if we can help.

Early Stage 46

Early Stage Valuation Seed Capital Revenue 46

Gust

OCTOBER 5, 2011

In most cases, an early stage startup will raise seed capital from more than one investor. This “ uncapped note ” example ignores the concept of a valuation cap , which we’ll take up in a future installment. Additional closings may be held up to 90 days after the Initial Closing at the option of the Company.

Finance 79

Finance Preferred Stock Term Sheet Early Stage 79

Business Plan Blog

NOVEMBER 22, 2013

How To Allocate Friends & Family Startup Capital. The most important principle of startup fundraising that every entrepreneur needs to know is: raise enough capital to achieve a set of milestones that will allow the company to attract the next round of investment. Market Validation.

Intellectual Property 55

Intellectual Property Advisory Board Startup Seed Capital 55

Feld Thoughts

JULY 14, 2015

A company raises $1m of seed money from angels in a convertible note with a $6m cap. Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. The company spends the $1m building and launching their first product.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

VC Cafe

JULY 5, 2010

A s venture funds struggle to raise money in Israel, seed capital, one of the earliest and riskiest stages of investment, is becoming harder and harder to secure. Our objective is to double, triple or quadruple the valuations of these companies and get them ready for larger investments from VCs or other funding sources.

Technical Review 106

Technical Review Software Review Seed Stage 106

techcrunch.com

FEBRUARY 19, 2010

Not a big shock, but things don’t look pretty, especially in the venture capital world. According to VCs, there’s been a 65% decrease in up-rounds (where a company gets a bigger valuation) in the last six months and more than 60% of those polled expect a longer wait for an exit. A lot of the stats weren’t surprising. Printed from: [.]

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62

Steve Blank

MAY 9, 2017

Their need to get into high-profile deals has driven late-stage valuations into unicorn territory. A unicorn is a startup with a market capitalization north of a billion dollars. What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital.

Restful 222

Restful Silicon Valley Puerto Rico San Jose 222