Austin Startup

AUGUST 1, 2017

TL;DR: In a market that has historically idolized huge, splashy financings and exits, an increasing number of entrepreneurs are realizing that everyone else’s definition of success — particularly among certain large VCs — isn’t necessarily aligned with their own. Most individual VCs can only support about 7–10 companies at a time.

Liquidation Preference 48

Liquidation Preference Common Stock Valuation Silicon Valley 48

Rob Go

JANUARY 7, 2013

This is why I’ve made a habit of profiling our portfolio quantitatively and why we write summaries announcing pretty much all of our new investments. So, here is our annual quantitative summary of our portfolio. A Stroll Through Our Portfolio. Syndicate Composition: NextView + Seed Funds + Angels: 9. Consumer: 9.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

Rob Go

SEPTEMBER 2, 2014

I’ve seen a few cases now where a number of very high-quality institutional investors were interested in investing in a company at valuation, but a non-institutional investor was willing to set terms 1.5 – 2X higher than that valuation. The institutions walked, but the round got done. Alternative funding sources.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

View from Seed

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 120

Cofounder Finance Founder Syndicate 120

David Teten

NOVEMBER 15, 2013

At my firm, ff Venture Capital, we’re trying our part to rethink how the industry works, and also actively looking for opportunities to invest in companies creatively disrupting this sector, e.g., our portfolio companies Addepar and Indiegogo. However, the asset management industry collectively plays a near-zero-sum game.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Cracking the Code

DECEMBER 9, 2006

Done deal: after a quick syndication with the kitchen team (their job was at stake, so they were easy to convince.), Detailed SaaS Spreadsheet (Valuation and CAC benchmark). SaaS 13 Index Valuation. Portfolio. (3). Yahoo Finance. This spoon saved the in-house restaurant and Lira 70m (I never said it was USD!)

Software Review 48

Software Review Technical Review Europe Venture Capital 48

Professor VC

JULY 25, 2013

Yes, there are a number of cases in the middle where having a senior or participating preference does make a difference in liquidation proceeds, but I argue that it does very little to overall returns in a diversified portfolio. AngelList (which I remain a big fan) also recently launched a syndicate program.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Tim Keane

APRIL 12, 2006

Can you get references from their portfolio companies? What’s your attitude about “next round” financing? valuation than the previous round. If the investors ideal size is smaller than your need, you ought to ask about syndication. It is used by some investors who like the deal but can’t come to terms on valuation.

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60

Rob Go

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 28

Cofounder Finance Founder Syndicate 28