Both Sides of the Table

JANUARY 21, 2010

I recently read a post over on VentureHacks titled, “ Top Ten Reasons Entrepreneurs Hate Lawyers &# written by Scott Walker (who blogs on legal issues for entrepreneurs ). Because many great entrepreneurs work with lawyers in registering their companies they have their ear to the pavement on the earliest of company formations.

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View from Seed

APRIL 30, 2015

Below, we talk to Glen Mello , Managing Director of Silicon Valley Bank’s accelerator team in Boston. From a company milestones perspective, entrepreneurs who take on venture debt are almost always thinking about raising that next round of capital from other institutions. but the underwriting of it is much different.

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Term Sheet Equity Startup Seed Stage 120

View from Seed

MAY 31, 2023

A couple of years later, as reported by the Harvard Business Review in 2011 , a survey of ~500 entrepreneurs in the UK found that serial founders frequently refrain from learning from their failures to minimize the psychological impact. Do not conflate your identity with the failure of your business.”

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Silicon Valley Cofounder Term Sheet Founder 156

Both Sides of the Table

APRIL 19, 2011

He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank. . He told them it was now or never.

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Acquisition Warrant Customer Term Sheet 304

YoungUpstarts

OCTOBER 28, 2015

This past summer, the Lightspeed Summer Fellowships program invited selected guests to provide aspiring entrepreneurs a perspective into all aspects of starting a new company. The program provides entrepreneurs the resources and mentoring they need to build their companies and develop their skills. Patent Trolls.

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Convertible Security IP Technical Review Software Review 100

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. Experienced and serial entrepreneurs in the content management space. There is really no other place in the world like Silicon Valley.

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Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

MARCH 23, 2015

The final clip is Fred & I talking about whether “the best product wins” and my assertion that the bias in today’s Silicon Valley dominated tech world there is probably too much emphasis on tech at the expense of how to sell, implement and service customers. But Fred got me to see a broader perspective.

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Los Angeles Silicon Valley Term Sheet Video 150

Steve Blank

APRIL 9, 2009

Reply How to close a term sheet quickly - Venture Hacks , on April 28, 2009 at 10:43 am Said: [.] Steve Blanks 30 years of Silicon Valley startup advice. on April 10, 2009 at 6:58 am Said: Amazing blog. your lawyers that you want to have an extremely firm date for the closing process. Order Here. Now In Print!

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Silicon Valley Technical Review RSS PR 259

Both Sides of the Table

OCTOBER 7, 2014

This is something I think entrepreneurs don’t totally understand and it’s worthwhile they do. A rounds back then seemed to be anywhere from $2-3 million (LA or NYC) or up to $5 million in Silicon Valley. $5 Why the latter? and there''s always a but]. I saw this myself a few times in a row.

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Cap Table Silicon Valley Term Sheet Finance 399

Startup Professionals Musings

SEPTEMBER 10, 2013

A few, like Silicon Valley Bank (SVB), actually do provide management services to startups, invest in startups, or provide early-stage venture capital, but that is not called an investment service and is part of a function called Emerging Technologies, or sometimes Private Equity. investment bank entrepreneur startup funding IPO'

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IPO Silicon Valley Private Equity Initial Public Offering 205

Reid Hoffman

DECEMBER 10, 2020

Generally speaking, as investors and entrepreneurs, you want to go after ideas where, if you succeed, it transforms an industry or even the world. So I got the license to put a term sheet down, and we made the investment. Part of the entrepreneurship game is deciding what league to play in. I think David’s wrong.”. CONCLUSION.

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Hosting Hockey Stick IPO Silicon Valley 69

Both Sides of the Table

NOVEMBER 8, 2011

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. CEO on front cover of Entrepreneur magazine. For any company interested in applying please visit the website. For the past 2.5

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Los Angeles Silicon Valley Incubator Startup 287

Both Sides of the Table

APRIL 17, 2012

If anything using the word “Silicon” seems a bit derivative to NorCal. Interestingly, nobody I know in NorCal EVER calls it Silicon Valley, “Silicon Valley.” Like they truly understood entrepreneurs. I was a former entrepreneur. Don’t you think? I had run 2 companies.

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Community Los Angeles Startup Silicon Valley 304

Both Sides of the Table

JANUARY 29, 2010

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs play to win and they take losing seriously.

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Entrepreneur Silicon Valley Term Sheet France 296

Startup Professionals Musings

AUGUST 3, 2015

Most new entrepreneurs assume that great investors will find their startups based on the compelling solution the founders have created. Thus it behooves every entrepreneur to optimize their investment strategies early, based on time and dollar costs, as well as odds of success. There are just too many scams.

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Cost Angel Groups Due Diligence Silicon Valley 120

Startup Lessons Learned

JULY 26, 2011

For any entrepreneur, these super-mentors are one of the secret weapons that can make a difference: answering difficult questions, making key introductions, or offering sage advice. And reading a term sheet has all the entertainment value of watching dried paint get even drier. It is not a how-to manual or a collection of tips.

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Antidilution Term Sheet Silicon Valley Widget 148

David Teten

AUGUST 19, 2019

We’re currently evaluating about 20 companies a month and issuing term sheets to 25% of them; those that fit our investment criteria. We provide revenue-based funding and business acceleration support to service-based small businesses located outside of major capital markets such as Silicon Valley and New York City.”. “We

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Revenue Technical Review Software Review Equity 60

Scott Edward Walker

AUGUST 31, 2011

Introduction This post was originally part of the “ Ask the Attorney ” series which I am writing for VentureBeat (one of my favorite websites for entrepreneurs). Thanks, Scott Question We’re a startup based in Palo Alto, and we just received a Series A term sheet for a $725,000 investment. At what valuation and on what terms?

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Silicon Valley Term Sheet Liquidation Preference Redemption 45

Both Sides of the Table

JULY 11, 2010

This past December I spent a week in Boston to try to get to know some of the local VC’s and entrepreneurs a bit better. I believe that first-time entrepreneurs also benefit hugely from working in close proximity to other companies. Entrepreneurs need to share more information with each other.

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San Francisco Incubator Silicon Valley Startup 285

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. We used the Y Combinator open source term sheet.

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Venture Capital Term Sheet Early Stage Silicon Valley 265

Startup Professionals Musings

JANUARY 22, 2011

A few, like Silicon Valley Bank (SVB), actually do provide management services to startups, invest in startups, or provide early-stage venture capital, but that is not called an investment service and is part of a function called Emerging Technologies, or sometimes Private Equity.

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Silicon Valley Private Equity Initial Public Offering Startup 211

Professor VC

APRIL 1, 2010

The last blogger in Silicon Valley. was part of a Dow Jones VentureWire webinar last week titled Negotiating An Angel Deal: What Angels, Entrepreneurs & VCs Need to Know. There has been a lot of discussion and publishing of standard term sheets, including Y Combinator, TechStars and SeriesSeed. ProfessorVC.

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Term Sheet Angel Investor San Jose Venture Capital 32

Professor VC

JULY 25, 2013

It is the story of the founding of the venture capital industry in Silicon Valley and features many of the iconic companies created including Apple, Intel, Genentech and Cisco. This is the feeling you get from watching the venture capitalists talk about the entrepreneurs and other investors in the film.

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Term Sheet Silicon Valley Syndicate Syndication 46

Feld Thoughts

FEBRUARY 15, 2016

While going through my daily reading this morning, I came across a bunch of posts talking about how the sky was falling, Silicon Valley was in turmoil, financing was drying up everywhere, and all the unicorns were doomed. When I was an entrepreneur there was no public information about how term sheets worked or how investors thought.

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Silicon Valley Term Sheet Early Stage New York 70

Gust

OCTOBER 8, 2014

This is something I think entrepreneurs don’t totally understand and it’s worthwhile they do. A-rounds back then seemed to be anywhere from $2-3 million (LA or NYC) or up to $5 million in Silicon Valley. $5 Entrepreneurs started demanding that VCs call their first-round financings “seed” rounds even if they were $3 million.

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Cap Table Silicon Valley Term Sheet Non-Compete 136

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. To say categorically that MBA equals “not entrepreneur” is a foolish assumption, just like saying Masters in Philosophy equals “not entrepreneur.”

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. To say categorically that MBA equals “not entrepreneur” is a foolish assumption, just like saying Masters in Philosophy equals “not entrepreneur.”

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Both Sides of the Table

APRIL 1, 2010

But I use this all of the time as a metaphor when talking with entrepreneurs in person and I’ve found it to be a useful way of explaining to entrepreneurs what is going in in the VC’s life. I have no idea why, but that’s always how it always felt to me when I was an entrepreneur raising money.

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Venture Capital Sacramento San Francisco Silicon Valley 275

Gust

OCTOBER 5, 2011

In this installment, I’ll dig into the “how” by dissecting an example term sheet based on a real deal. For those playing at home, you may find it helpful to download the sample term sheet from my firm’s website and follow along with the commentary. On to more specific terms next week.

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Finance Preferred Stock Term Sheet Early Stage 79

Steve Blank

NOVEMBER 5, 2009

Product Development – Getting Funded as The Goal In a traditional product development model, entrepreneurs come up with an idea or concept, write a business plan and try to get funding to bring that idea to fruition. Hopefully this will get more bootstrapping entrepreneurs focusing on making money instead of raising money.

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Customer Development Developer Customer Silicon Valley 262

OnlyOnce

DECEMBER 14, 2011

One of the most important things you can do as an entrepreneur is to surround yourself with a great lawyer (as I mentioned in my posting on negotiating term sheets ) and a great accountant. Picking Professional Services Firms.

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Silicon Valley Term Sheet Finance Partner 67

Business Plan Blog

NOVEMBER 13, 2013

Some well-known Silicon Valley angel groups are Band of Angels, Sandhill Angels, TIE angels and others. The above definition of accredited investors is being currently reviewed by the SEC in terms of current financial thresholds of income and net worth. Convertible Debt Financing. Links to Download Arushi’s eBook.

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Finance Accredited Investor Angel Investor Seed Capital 93

ReadWriteStart

MAY 8, 2012

So we asked a panel of eight successful young entrepreneurs from the Young Entrepreneur Council (YEC) about their startup funding successes (and failures) and the lessons they learned. Most entrepreneurs approach fundraising as a transaction. The best way to do that is to leverage the hard-won experience of real-world startup.

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Cofounder Startup San Francisco Silicon Valley 140

Steve Blank

NOVEMBER 12, 2009

But Cafepress’s most memorable moment was when the founders used a “Lessons Learned” VC pitch to raise their second round of funding and got an 8-digit term sheet that same afternoon. The VC firm delivered a term sheet for an 8-digit second round that afternoon. Here’s how they did it. And learn from it.”

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Venture Capital Silicon Valley RSS Hockey Stick 209

Eric Friedman

AUGUST 18, 2021

It is the entrepreneurs that are singing their heart out, playing the instruments, et cetera. In my mind, that’s a lot of my role in the boardroom or with entrepreneurs, On Dan being the “Curmudgeon of Fintech”. Personally, I love Brian Armstrong ; he’s an incredible entrepreneur. On Leaving Silicon Valley Bank.

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Silicon Valley Venture Capital Cofounder Africa 88

Professor VC

APRIL 7, 2011

The last blogger in Silicon Valley. This will also serve as a good pointer for all the entrepreneurs who ask why I am not interested in their company led convertible note financing round. Ive seen a number of entrepreneurs, angels and VCs fall into the trap of providing debt in small pieces. ProfessorVC.

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San Jose Technical Review Angel Investor Valuation 36

Reid Hoffman

DECEMBER 15, 2020

It’s even lonelier to be an entrepreneur. WHY IT’S SO LONELY TO BE AN ENTREPRENEUR. People often conflate the loneliness of being a CEO with the loneliness of being an entrepreneur. While both are lonely journeys, the entrepreneur’s journey is even lonelier than that of the CEO. It’s lonely at the top.

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Cofounder Restful Silicon Valley Term Sheet 69