Both Sides of the Table

APRIL 21, 2010

This is interesting because just 2 years ago many of these businesses were shut down by the SEC. In addition to the P2P deals covered below, on the show we also talked about some of my favorite financing startups ( Wonga in the UK run by Errol Damelin , who is a superstar) and Affordit.com run by serial (and I mean serial!)

Venture Capital 265

Venture Capital Social Network Angel Investor Chad 265

Feld Thoughts

JULY 11, 2010

So, if I contribute $1,000 to the campaign of the Colorado state treasurer, I violate this SEC rule and become someone who is “paying to play.&# The NVCA has also studied the new SEC rule and has come to the same conclusion: “This ruling is consistent with guidance the NVCA has been providing members.

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SEC Pay to Play Colorado Campaign 133

The Startup Magazine

JUNE 26, 2020

Startup lawyers can help you decide on which structure is the best for you based on your finances, plans and goals. SEC Regulations. Issuance of an equity instruments to founders, seed investors, venture capitalists, or even as stock options, normally must be must registered with the relevant securities authority.

Intellectual Property 148

Intellectual Property Startup SEC Stock Options 148

Pascal's View

MARCH 18, 2010

This is the ninth in our series of ten frequently asked questions from investors in venture capital partnerships. I remain surprised that this seems to be difficult for our policy makers to understand, but I am encouraged that the SEC has recently invited public comments for a 90 day period to address structural problems with the U.S.

IPO 28

IPO Government SEC Venture Capital 28

YoungUpstarts

DECEMBER 5, 2018

All these companies sourced venture capital (VC) to launch their companies. So, extremely well-financed startups with the support of the best investment teams in the world are successful in doubling the already minuscule success rate of non-VC-backed startups. Even with Venture Capital, Most Startups Fail.

Startup 182

Startup Acquisition Portfolio Venture Capital 182

Duct Tape Marketing

FEBRUARY 27, 2014

Equity Crowdfunding: Your Solution for Small Business Financing? But in order to travel, add personnel, and execute on expansion plans in the coming year, many small businesses will need financing… which is where things get tricky. Crowdfunding for Small Business: Marketing and Financing. The first is marketing.

Equity 60

Equity Finance Small Business Accredited Investor 60

BeyondVC

JANUARY 6, 2018

6 portfolio companies raised Series A financings including Manifold , Hypr , and 4 unannounced, 1 raised a Series B (unannounced), and Security Scorecard raised a $28mm Series C. 2 exits including yhat (sold to Alteryx?

Cloud 60

Cloud Cofounder Portfolio Advisory Board 60

The Startup Magazine

OCTOBER 3, 2019

Financing a business venture is a difficulty that many start-up owners have encountered. There are also regulations on these loans under SEC Rule 144, providing oversight and protecting your assets. It can be uncomfortable putting your car or home at risk to finance your business.

Stock 75

Stock Angel Investor Startup SEC 75

Startup Company Lawyer

MARCH 12, 2009

Any company that raises venture financing will need to be a C corp in order to issue preferred stock. 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. citizen/resident stockholders.

LLC 61

LLC Stock Options Preferred Stock Stock 61

Professor VC

MAY 29, 2008

To the SEC, it means that you are an accredited investor and To the man (or woman) on the street, a minimum qualification would seem to be an interest and ability to invest in early stage ventures. The National Venture Capital Association (NVCA) was also represented at the conference and is forging closer links with the ACA.

Angel Investor 28

Angel Investor Angel Groups Accredited Investor San Jose 28

Both Sides of the Table

MAY 15, 2010

Next Wednesday we’ll have Dana Settle of Greycroft Partners, a New York / LA early-stage venture capital fund. What are “Reg D” filings with the SEC and why does this make it harder to stay in stealth mode? Often times when companies raise “bridge” financing (this is money from internal investors.

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Stealth SEC Advertising Accredited Investor 285

Feld Thoughts

JANUARY 19, 2017

This was an artifact of the last 30 years of venture capital, where VCs often would use the board meeting as the way to primarily engage with the company. In addition, there is a cover MD&A (hopefully written by the CFO – not a formal SEC one, but a comprehensive management discussion and analysis).

Balance Sheet 70

Balance Sheet Metrics SEC Distribution 70

Austin Startup

JUNE 1, 2018

It appears in our SEC filing as $5 million because we had $2.5 A rocketship will either get you to the moon or crash, and that’s the model most venture capitalists want to put their money behind. The Power Law of venture capital mandates that investors categorize you as either a 1 or a 0 as quickly as possible.

Silicon Valley 48

Silicon Valley SEC Venture Capital Angel Investor 48

The Startup Magazine

OCTOBER 24, 2017

We took the opportunity as part of this year’s FUND Conference to get some insights from a couple of influential startup capital providers. Two of the panel participants have different funding perspectives, one venture capital and the other crowdfunding. I own several finance related companies. Rumi Morales.

Early Stage 69

Early Stage SEC Chicago Venture Capital 69

Startup Company Lawyer

MAY 26, 2012

Crowdfunding: Its Practical Effect May Be Unclear Until SEC Rulemaking is Complete. One highly anticipated provision of the JOBS Act, Title III, is entitled ”Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012” or the ”CROWDFUND Act.” Crowdfunding Prior to the JOBS Act.

SEC 58

SEC Securities and Exchange Commission Accredited Investor Private Placement 58

This is going to be BIG.

APRIL 1, 2013

In the past week, both AngelList and FundersClub got SEC "No action" letters --notices that their crowdfunding platforms were going to be allowed to keep operating without fear of getting run over by the government. These crowdfunded companies will pour a lot of new money into the market for human capital, driving salaries up.

SEC 109

SEC Angel Investor Salary Finance 109

finance.fortune.cnn.com

AUGUST 21, 2012

Almost all of them would be characterized as venture capital, with a few exceptions for funds managed by The Blackstone Group ( BX ), Providence Equity Partners and Spectrum Equity Investors. Through 12/31/11, less than 66% of the fund-of-funds called capital had been returned to limited partners. Posted in: Venture Capital.

Naming 49

Naming Term Sheet Private Equity Equity 49

Gust

NOVEMBER 4, 2011

Entrepreneurs and investors who have spent any time dealing with convertible debt seed financing transactions are likely to have encountered the subject of valuation caps. The cap is irrelevant if the next equity financing is at a valuation below the cap amount.) was spun out, and the valuation was set by that financing round.

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Valuation Pre-Money Valuation Merger Vesting 98

Professor VC

NOVEMBER 14, 2011

These investments would be exempt from registration under the 1933 SEC Act. There is a reason the SEC exists. I cant remember if the SEC was one of the government agencies that Rick Perry wants to get rid of (but neither can he ), but it seems like this is the exact type of investor that the SEC was set up to protect.

SEC 54

SEC San Jose Angel Investor Accredited Investor 54

David Teten

JUNE 6, 2011

Very enthusiastic about the potential for the NY tech ecosystem, leveraging our strength in finance. Social networking is governed by SEC 17a4, and SEC hasn’t opined on this. After Goldman, ran startup Gadgetoff, which brought together inventors and entrepreneurs. Introductory remarks. Maria Gotsch.

Fractional CTO 122

Fractional CTO CTO CTO Hire Azure 122

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.”

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

David Teten

AUGUST 20, 2019

The question I’m asking myself: should a new VC fund use Revenue-Based Investing, traditional equity VC, or possibly both (likely from two separate pools of capital)? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. When It’s a Venture Capital Mark ”.

Revenue 60

Revenue SBIC Cofounder Venture Capital 60

abovethecrowd.com

FEBRUARY 24, 2015

Historically, different financial institutions specialized in different stages, because the assessment of risk and opportunity was considered unique at each stage — for example, a seed investor was unlikely to do late-stage financing, and vice versa. Some have argued that each of these companies would already be public in a prior era.

IPO 40

IPO Liquidation Preference Valuation Technical Review 40

abovethecrowd.com

AUGUST 23, 2020

I would argue that any first year finance student or computer science student would naturally assume this is how traditional public offerings already work (they would be wrong). Today, you cannot use a Direct Listings to go public and simultaneously raise capital. It is not overly complicated or sophisticated.

IPO 118

IPO Silicon Valley Warrant Matching 118

YoungUpstarts

NOVEMBER 17, 2016

If the startup is not a scalable high-growth, high-tech firm, but rather is in a sector where venture capitalists are a bit scarcer (for example, real estate, banking and finance, retail, or consumer goods), equity crowdfunding may be a better fit. SEC definitions and rules. What kind of business is being launched? Disclosures.

Equity 100

Equity United Kingdom Cap Table Oklahoma 100

Steve Blank

OCTOBER 26, 2009

Yet one of the most remarkable things about the boom in microwave and silicon startups occurring in the 1950’s and 60’s was that it was done without venture capital. ARD was a publicly traded venture capital firm (raising $3.5 There was none. military and intelligence agencies and defense contractors. Whitney Co.

Silicon Valley 159

Silicon Valley Securities and Exchange Commission Venture Capital RSS 159

Ben's Blog

MAY 24, 2021

billion multi-stage venture capital firm focused on IT-related investments… I also serve on various investment committees, including for the St. Jude Children’s Cancer Hospital and the Stanford Medical Center, and teach entrepreneurship and venture capital at the Stanford Graduate School of Business.

SEC 36

SEC Accredited Investor IPO Technical Review 36

Professor VC

MARCH 12, 2015

I don''t know the reasons for selling, but presumably Authy felt their prospects weren''t promising as a standalone entity and may have had difficulty raising further financing. Due to confidentiality provisions, I can''t disclose details, but there are many very unhappy participants who invested through the syndicate.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

Up and Running

JANUARY 17, 2011

And the Securities and Exchange Commission (SEC) has some serious restrictions on selling this stock. Until then, the holders live with a lot of legal restrictions. Option holders often sign agreements limiting their ability to trade stocks. And my last thought on this subject: everybody involved in this has a big win right now.

Securities and Exchange Commission 74

Securities and Exchange Commission Dilution SEC Stock 74

Professor VC

MARCH 11, 2013

I imagine the original intent was to make this real, but with the SEC dragging their feet, this provision of the JOBs Act is far from final. Hopefully, we can turn that fake investment to real financing. The simulation was interesting, and was glad to see SocialParent finish on top of the leaderboard.

Silicon Valley 28

Silicon Valley San Francisco Social Network SEC 28

Both Sides of the Table

OCTOBER 18, 2015

There is a lot of uncertainty about the state of the private, high-growth technology markets and the venture capital markets that underpin them. Technology riches yield bumper crops in venture capital with new firms and new largesses – the rewards of LPs rediscovering our asset class. Are LPs to blame?

IPO 150

IPO Venture Capital LP SEC 150

Growthink Blog

APRIL 2, 2012

While the crowdfunding portion of the bill still needs to go through SEC rule-making, the die is clearly cast that a whole new social networking – based world of start-up and small business investing and financing is coming fast upon us. This week, the President is expected to pass H.R.

Disintermediation 72

Disintermediation Technical Review SEC Early Stage 72

abovethecrowd.com

JUNE 2, 2021

Today’s DLs do not include primary capital and so the company did not transact at this price. That said, the NYSE and NASDAQ have SEC approval for “Direct Listing with a Primary Raise.” Interestingly, the 7.5X In that case, the company would also have used this 7.5X

IPO 82

IPO Customer Matching Silicon Valley 82

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). easy business finance software. Boilerplate Venture Funding Documents. YCombinator Series AA Equity Financing Documents. National Venture Capital Association â?? Raising Venture Capital. Venture Hacks equity section.

Software Review 53

Software Review Technical Review Startup 53

Professor VC

AUGUST 14, 2012

FC is the latest Kickstarter type site to launch to give entrepreneurs the opportunity to raise financing from a large number of individuals. Micro Ventures ) or provide a secondary marketing between investors (i.e. I'm curious as to how the SEC will view FC.

Accredited Investor 42

Accredited Investor SEC Cap Table Angel Groups 42

Both Sides of the Table

SEPTEMBER 17, 2017

Terrorism at scale can only occur when these organizations can move money around to finance people who make bombs, buy guns, train recruits and so forth. But for the same reason we have SEC oversight on trading public stocks, we need oversight or nefarious actors will manipulate the system. We’ll have to see how it all plays out.

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Government Distribution Stock United States 280