Seeing Both Sides

AUGUST 28, 2017

Instead I will make a few observations about how an investor might think about the impact of ICOs / token launches on the venture capital industry, in particular, and some of the downstream ramifications that need to wrestled with. Need for growth capital. Shift of value from equity holders to token holders.

Early Stage 20

Early Stage Equity Venture Capital Government 20

Feld Thoughts

OCTOBER 15, 2013

Provide some sort of seed capital to their founders. Take a small amount of equity (usually ~6%) and overall have terms that are favorable to entrepreneurs. Have a strong management team who are typically proven entrepreneurs. Not every accelerator is/could be/would be a member in GAN, nor is it designed that way.

Global 179

Global Networking United States Seed Money 179

Haystack

AUGUST 18, 2019

.” 2/ Lateral Competition – The number of “seed” funds has also grown during this boon. More and more seed capital has flooded into the market, making the situation for funding seed rounds ~$2M-ish total size more competitive. Samir Kaji from First Republic has been writing on this for years.

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

Feld Thoughts

AUGUST 12, 2011

When we were last with Dick and Jane on Finance Fridays, our fearless entrepreneurs were figuring out how to split up their founders equity and account for an investment from Jane. It required a small investment of time and money to get QuickBooks up and running, but it was a manageable distraction from building SayAhh’s core product.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Haystack

NOVEMBER 24, 2018

4/ The Big Winners: Cylance raised around ~$280M in financing, with large equity stakeholders being Khosla Ventures, Fairhaven, and Blackstone. 1/ A Pre-Seed Reminder: According to Crunchbase, PlanGrid was founded and went through Y Combinator in 2012. The company only raised a bit over $1M as seed capital.

Acquisition 62

Acquisition Artificial Inteligence Balance Sheet Cofounder 62

Business Plan Blog

NOVEMBER 6, 2012

Survival or Establishment Stage: Once initial seed capital is drying up and no profit has yet been earned, the challenge for a social enterprise will be to expand the customer base and increase the market penetration while preserving capital. At this point in financing, debt capital is likely to be preferred.

Subordinated Debt 45

Subordinated Debt Seed Capital Equity Finance 45

Both Sides of the Table

MAY 15, 2010

But when the finally convert the debt to equity the round gets filed with the SEC and thus journalists often pick up on it. 9mm – Investor: Sequoia Capital (Michael Moritz) – Read more: TechCrunch , PaymentsViews. WordStream – Provides software and services that help businesses manage SEM and SEO campaigns.

Stealth 285

Stealth SEC Advertising Accredited Investor 285

Growthink Blog

MAY 23, 2011

An entrepreneur starts a company in classic " bootstrap " fashion - with a combination of sweat equity and their own financial resources. There is considerable internal debate around whether or not to solicit and/or accept outside venture capital. There are a lot of dark, hard days. For most companies, it is simply a non-starter.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

Steve Blank

JULY 20, 2015

Today he is the founder of M34 Capital , a seed capital fund that focuses on early-stage projects being spun out of academic and corporate research labs. government accelerator that takes no equity. Listen to my entire interview with Errol: If you can’t hear the clip, click here. If you can’t hear the clip, click here.

Government 120

Government Channel Southern California Lean 120

Business Plan Blog

OCTOBER 4, 2013

Aligning the Startup Team Strategy with the Capitalization Strategy. The single most important factor to raising capital for any tech startup is the management team. This is true for early stage funding as well as venture capital funding. Be sure to leave plenty of equity for investors. Series A to Series B.

Part-Time VPE 79

Part-Time VPE Fractional VPE Cofounder CTO Hire 79

www.thestartup.eu

OCTOBER 23, 2010

Posted by Stefano Bernardi On June - 21 - 2010 It’s a known fact that seed capital is very scarce in Italy. With some great project management and a few crowdsourcing platforms. Sweat Equity: Juliette and Marco put in a bit of work during weekends as project managers, designers, developers, sysadmins, etc.

Bootstrapping 49

Bootstrapping Italy Sweat Equity Europe 49

The Next Web

OCTOBER 3, 2012

You may end up a company in the difficult position of having to scale back or become defensive, due to market evolution, management blunders, or any combination. It can be very tempting to take in a little bit of seed capital, and start to operate as if you’re a big company. Note: I’m not talking about equity.

Cofounder 155

Cofounder Technical Cofounder Technical Review Software Review 155

maplebutter.com

JANUARY 8, 2013

Ideally you can pay them based + equity so that you’ll get their attention and focus on the project. Dan, I have a startup www.hispanoenamerica.com that we just launched two weeks ago, I have clawed my way to this point and we are at the point where we need some capital to invest in our marketing and execution. LinkedIn might work.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

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. But in this cycle, I hadn’t seen it in a seed round.

Recapitalization 70

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

Both Sides of the Table

FEBRUARY 23, 2010

Because you’re a startup he cuts you a deal (these sales guys are so good at this to work for only $120k basic in exchange for some equity [no, I'm not sales person bashing - I think sales reps are the lifeblood of any company - I'm just offering my realistic sense of a sales person's salary negotiation strategy!]. yes, I'm joking.

Channel 293

Channel Startup Sales Partner 293

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. To learn more, VC Cafe interviewed Brian Rosenzweig, one of the managing partners in the new fund and the former marketing director at 21Ventures.

Technical Review 106

Technical Review Software Review Seed Stage 106

techcrunch.com

FEBRUARY 19, 2010

Researchers polled experts in lending, mezzanine capital, private equity, venture capital and private businesses themselves. Not a big shock, but things don’t look pretty, especially in the venture capital world. A lot of the stats weren’t surprising. The overwhelming success of Opensource is a game changer. Translation?

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62

Hearpreneur

OCTOBER 20, 2019

And unlike other fintech companies that are primarily equity-financed, we raise capital by offering a best in class savings product to consumers (a 1 month renewable CD that pays 6% APY), which in turn allows us to meet our short term capital needs required for loan origination. 12- Raising $500,000 in pre-seed capital.

Papua New Guinea 65

Papua New Guinea Hawaii Advisory Board Churn Rate 65