David Teten

JANUARY 19, 2021

From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

NZ Entrepreneur

SEPTEMBER 29, 2021

Startup founders are our ambitious problem solvers. Underpinning this growth is good governance. In order to understand startup governance, you need to understand risk and reward. Startup founders are driven to solve problems and make a difference – many want to literally change the world. Risk and reward. Accountability.

Technical Review 88

Technical Review Software Review New Zealand Due Diligence 88

Eric Friedman

DECEMBER 27, 2021

4/ Streaming equity – venture funds + employee stock becomes more liquid. 5/ The rise of operator angels + micro VCs explodes in 2021. This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

This is going to be BIG.

JANUARY 18, 2024

Some of these folks are founders and CEOs, but not at high-growth tech startups. On the other hand, they could be the opposite—much more focused on near-term cash distributions than long-term equity appreciation. Role When I was a lowly Analyst at Union Square Ventures, I had so many ideas for the founders we worked with.

.Net 88

.Net Cap Table Startup Technical Review 88

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. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control.

Revenue 60

Revenue Technical Review Software Review Equity 60

Steve Blank

JUNE 12, 2020

In 2016, brainstorming with Pete Newell of BMNT and Joe Felter at Stanford we observed that students in our research universities had little connection to the problems their government was trying to solve or the larger issues civil society were grappling with. Every year they fund several teams as they launch companies. He runs H4X Labs.

Oakland 301

Oakland Asia Lean Video 301

Steve Blank

OCTOBER 30, 2012

The class teaches founders how to dramatically reduce their failure rate through the combination of business model design, customer development and agile development using the Startup Owners Manual. It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses.

Startup 335

Startup Lean Incubator Business Model 335

YoungUpstarts

OCTOBER 28, 2015

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. ” The Cost of Financing.

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

Haystack

DECEMBER 29, 2018

Public investors, cross-over investors, and even traditional private equity firms have taken notice, further blurring the lines of what constitutes true venture capital. Governments blocking acquisitions, the curtailment of company expansion, more scrutiny on overseas operations of U.S. That will take a long time to settle.

Technical Review 165

Technical Review Venture Capital Russia China 165

Startup Professionals Musings

JULY 16, 2023

None of these investment banks offer traditional banking services, as you would expect from one of the following: Retail banks Commercial banks Credit unions Savings and loans As startup founders, you first need to deal with one of these traditional banks, probably a commercial bank. Commercial banking is also known as business banking.

Early Stage 182

Early Stage Silicon Valley Private Equity Initial Public Offering 182

Feld Thoughts

NOVEMBER 18, 2013

Here’s the punchline: if you run your company as if you have closed a VC equity financing round even though you actually closed a convertible debt round, you’ll be in much better shape when it comes time to raise your Series A financing. So why would you treat your debt investors (somewhat) like equity investors? Sound familiar?

Burn Rate 152

Burn Rate Equity Software Review Early Stage 152

David Teten

JANUARY 9, 2013

Partners for a New Beginning (PNB), a public-private partnership housed at the Aspen Institute, is organizing a Venture Capital, Private Equity and Angel Investor Delegation from the Maghreb. In addition, as part of the program, I’ll be making my first public presentation of our research study on VC portfolio operations value creation.

Tunisia 114

Tunisia Libya Algeria Mauritania 114

Women Entrepreneurs Can

SEPTEMBER 6, 2020

Legal action towards your startup can delay your operation or even lead your company to discontinue entirely. At the beginning of the venture, you must see to it that you have prepared the documents that lay out the arrangements between founders, investors, and shareholders. Comply with Government Requirements.

Intellectual Property 59

Intellectual Property Startup Government Technical Review 59

Startup Professionals Musings

OCTOBER 26, 2020

None of these investment banks offer traditional banking services, as you would expect from one of the following: Retail banks Commercial banks Credit unions Savings and loans As startup founders, you first need to deal with one of these traditional banks, probably a commercial bank. Commercial banking is also known as business banking.

Silicon Valley 362

Silicon Valley Private Equity Initial Public Offering Term Sheet 362

Startup Professionals Musings

NOVEMBER 4, 2013

They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. Increasing government regulations. business entrepreneur exit founder IPO startup' Marty Zwilling.

IPO 224

IPO Founder Exit Strategy Investment Bankers 224

Steve Blank

APRIL 14, 2013

The Chinese government must be laughing hysterically over U.S. When the Chinese government censors (run by their propaganda department ) shutdown access to yet another U.S. And when the government tools to detect encrypted VPN’s get more sophisticated, (as it did last year), Chinese users just use stealthier tools.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

YoungUpstarts

AUGUST 14, 2020

by Alan Jenkins, founder and CEO of Quadrant2Design. This inflation will of course benefit Governments which have run-up huge debts fighting Covid-19, as the value of these debts will be inflated away. The reason for the rise in gold is simple. By contrast, inflation acts as a tax on any investors holding cash.

Small Business 218

Small Business United Kingdom Europe Global 218

Both Sides of the Table

SEPTEMBER 10, 2021

We operate at scale and speed unprecedented in human history.” * I first wrote about the changes to the Venture Capital ecosystem 10 years ago and this still serves as a good primer of how we arrived at 2011, a decade on from the Web 1.0 two founders in a garage?—?(HP dot-com bonanza. The legends of Silicon Valley?—?two

Pre-Money Valuation 471

Pre-Money Valuation Valuation Venture Capital Early Stage 471

Duct Tape Marketing

APRIL 6, 2022

Steve is the CEO of Founders Space, one of the world’s leading startup accelerators with over 50 partners in 22 countries. Founders Space was ranked the #1 incubator for overseas startups by Forbes and Entrepreneur Magazines. 18:05] How does the Founder Space operate? [20:21] He's the CEO of founders space.

San Francisco 97

San Francisco Technical Review Incubator Silicon Valley 97

Both Sides of the Table

JULY 26, 2015

If you hire somebody with 3 kids and who doesn’t have a lot of savings you’re naturally going to have somebody who cares more about cash than equity even though you REALLY WANT everybody in your company to have the same motivations as you. And it will make you a significantly better negotiator and operator.

Oauth 150

Oauth Software Review Technical Review IPO 150

Steve Blank

APRIL 14, 2013

The Chinese government must be laughing hysterically over U.S. When the Chinese government censors (run by their propaganda department ) shutdown access to yet another U.S. And when the government tools to detect encrypted VPN’s get more sophisticated, (as it did last year), Chinese users just use stealthier tools.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Startup Professionals Musings

SEPTEMBER 30, 2012

They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. Increasing government regulations. Consider the recent example of Facebook and Mark Zuckerberg.

Exit Strategy 239

Exit Strategy IPO Investment Bankers Entrepreneur 239

www.thedailymuse.com

SEPTEMBER 18, 2012

At the most basic level, start-ups need lawyers to help them deal with three groups: The government. When multiple people form a company together, it’s best to establish the rights and expectations of the founders upfront in case there are disagreements down the line. Why do start-ups need a lawyer? You don’t want to violate laws.

Hiring 56

Hiring LLC Intellectual Property Private Equity 56

Steve Blank

DECEMBER 30, 2014

Scheduling time to look over a surgeon’s shoulder in an operating room is tough. They add mentors and additional services and some offer free space in exchange for equity. Accelerators take teams with fairly focused ideas and offer a formal 3-4 month program of tutoring/mentoring with seed funding in exchange for equity.

San Diego 261

San Diego North Carolina Chicago Lean 261

Startup Company Lawyer

MARCH 12, 2009

C corps, LLCs, and S corps differ significantly in the areas of taxation, ownership, fundraising, governance and structure, and employee compensation. If founders want the benefit of flow through tax treatment with respect to losses prior to an outside financing, an S corp election may make sense as long as there are no entity or non-U.S.

LLC 61

LLC Stock Options Preferred Stock Stock 61

Austin Startup

AUGUST 20, 2017

They’re looking to be paid properly in the context of the overall salary structure, including cash, benefits, and equity, and to be paid commensurate with performance. Kalanick, former investor BFF turned highly disappointed by founder behavior. Board and Governance issues arise from day one in most startups.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Austin Startup

DECEMBER 20, 2020

the Connectors, Angels, Venture Capitalists, Founders, Professors, Hackers, Press… and the Legends. Find the Connectors , the Angels , the Venture Capitalists , the Founders , the Professors , the Hackers , and the Legends you need to meet and get some hints about the best ways to meet them. Here is your COVID-friendly cheat sheet.

Austin 110

Austin Texas Cofounder Los Angeles 110

YoungUpstarts

MAY 2, 2018

by Michael Budden and Johnny Clarke, founders of Locate A Locum . Tactic Three – Sell Business Equity. Selling equity is the public form of seeking private investment. For instance, shareholders may want a seat at the governance table, given they have a right to have their voice heard. Conclusion.

Incubator 133

Incubator Ireland SEC Equity 133

Steve Blank

DECEMBER 11, 2023

While it seemed like a good idea and had the Navy’s backing, the founders got turned down for funding by companies, investment bankers and everyone, until they talked to John Parker. Applicants were told that ERA was doing electronics work for government and industry. Why Minneapolis/St. Serendipity came to Minneapolis-St.

Minnesota 281

Minnesota Engineer Minneapolis Silicon Valley 281

Gust

DECEMBER 8, 2011

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Stepping off the soapbox, let’s examine the highest level “To Do” list for a new startup: Formation, Governance and Equity.

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

Startup Professionals Musings

JULY 5, 2011

They don’t realize that this option would likely be their worst nightmare, since it costs millions for the road show, usually dilutes your equity to a tiny fraction, and takes away all your entrepreneurial control. Increasing government regulations. Only about a dozen U.S. Pressures to maintain growth pattern.

Exit Strategy 235

Exit Strategy IPO Investment Bankers Entrepreneur 235

Steve Blank

JULY 2, 2015

Takashi Tsutsumi and Masato Iino , founders of Learning Entrepreneur’s Lab in Japan. military and are now helping government agencies operate with the speed and urgency of Silicon Valley. Army special operations before retiring from active duty service in 2014. Listen to my entire chat with Pete.

Channel 120

Channel Japan Bosnia Silicon Valley 120

Austin Startup

MARCH 7, 2021

It seems like every day there is a new headline about an exceptional startup founder, investor, or corporate headquarters moving to Texas. Are they running from high prices, high taxes, dysfunctional government, and wildfires? All of the investors, all of the big companies, all of the government groups?—?they Joe Lonsdale.

Texas 90

Texas San Antonio Houston Dallas 90

Startup Professionals Musings

SEPTEMBER 10, 2013

None of these investment banks offer traditional banking services, as you would expect from one of the following: Retail banks Commercial banks Credit unions Savings and loans As startup founders, you first need to deal with one of these traditional banks, probably a commercial bank. Commercial banking is also known as business banking.

IPO 205

IPO Silicon Valley Private Equity Initial Public Offering 205

Hearpreneur

FEBRUARY 12, 2023

7- Providing free resources Photo Credit: Will Yang As a software provider, we streamline CSR in our operations by making it accessible and easy to use. Their goal is to generate both monetary wealth and value for the society in which they operate. Hence operates on four principles- equity, access, design, and rewards.

Entrepreneur 118

Entrepreneur Ukraine Community Employee 118

Startup Professionals Musings

JANUARY 22, 2011

None of these investment banks offer traditional banking services, as you would expect from one of the following: Retail banks Commercial banks Credit unions Savings and loans As startup founders, you first need to deal with one of these banks, probably a commercial bank. Commercial banking is also known as business banking.

Silicon Valley 211

Silicon Valley Private Equity Initial Public Offering Startup 211

ReadWriteStart

AUGUST 24, 2012

Geri Stengel, the founder and president of Ventureneer , a company that helps educate socially-responsible small business owners and social entrepreneurs, says there are several options startup entrepreneurs should consider before launching an organization dedicated to social change. Does the government pay them fees for service?

Vermont 161

Vermont Revenue Equity Matching 161