K9 Ventures

APRIL 27, 2011

or by using keyword search, which doesn’t really cut it. In August/September 2009, the founders and I agreed to work together to raise a round of financing for the company. We pulled together about $600K of commitments and interest, for a $500K-target financing round. At this stage, the team had had no prior financing.

Software Review 134

Software Review Technical Review IP Finance 134

Gust

SEPTEMBER 5, 2012

How to finance a new seed-stage startup? ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. .” I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For

Finance 134

Finance Convertible Security Equity Seed Stage 134

Both Sides of the Table

DECEMBER 14, 2010

They had received a term sheet from a VC and were wondering whether to work with this firm. But what about once you have a term sheet? They made great introductions, they helped you get financed, the put in more money themselves, they helped you strategically and they helped you with your exit.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

Gust

SEPTEMBER 27, 2014

To begin with, it is important to understand some basic facts about the world of entrepreneurial finance: There are many more entrepreneurs than there are investors, with the result that only one company out of every 400 that seeks venture funding actually receives it.

Angel Groups 159

Angel Groups Elevator Pitch Software Review Deal Flow 159

Both Sides of the Table

FEBRUARY 8, 2010

But what about once you have a term sheet? They made great introductions, they helped you get financed, the put in more money themselves, they helped you strategically and they helped you with your exit. Do a web search to find companies that they didn’t give you. For some reason most entrepreneurs do.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

www.xconomy.com

JUNE 9, 2012

Coats says the VC firm spent more than six years and invested millions of dollars to compile a database of key variables from more than 60,000 venture financing deals covering roughly 98 percent of all U.S. venture investments since 1987. We get what we need and put it through our analytical process,” He says. “We

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Steve Blank

JANUARY 4, 2010

Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. They used Customer and Agile development to search for a scalable and repeatable business model to become a large company. They grow their business via profits or traditional bank financing.

Hockey Stick 276

Hockey Stick Venture Capital Startup Cofounder 276

Both Sides of the Table

FEBRUARY 11, 2012

submitting term sheets. Why should I pay 2x the price to hire a VP of sales as I would pay to hire a VP of Market, Technology or Finance? payment terms (can you make it performance based? replacement search (if candidate leaves or is fired in first X months, what happens? replacement search? and so on.

Mexico 305

Mexico Term Sheet Hiring Search 305

reidhoffman.org

NOVEMBER 12, 2013

You may happen to emphasize the right points that pique an investor’s interest, but you shouldn’t leave your financing up to chance. Second, understand the broader financing climate. Because unlike Google search or other means, it involves people you already trust. Why is it valuable? How is this different?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

SoCal CTO

JULY 13, 2010

How-to learn about angel/vc term sheets - Gabriel Weinberg , June 28, 2010 I think every startup entrepreneur (and angel investor) should have a good understanding of financing term sheets. Will you negotiate million dollars rounds of financing with cool VCs? Yes, even bootstrappers. liquidation preference.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

www.mattbartus.com

DECEMBER 9, 2012

Let’s say you receive a term sheet for a $1 million investment at a $3 million fully diluted pre-money valuation, and you’re kind of disappointed. I just worked on a financing for a company that received a term sheet from a group of VCs at a $7 million pre-money valuation. Equity for Consultants - Keep.

Warrant 40

Warrant Valuation Pre-Money Valuation Term Sheet 40

Up and Running

JULY 26, 2013

Most sophisticated investors will already have terms they typically prefer in a deal, but they should be open to discussion. There are also some standard term sheets you can reference to see what’s already out there. I recommend searching online for “”angel investing in [your city] city.”"

Elevator Pitch 79

Elevator Pitch Angel Investor Term Sheet Business Model 79

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet. Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. Term Sheet. Job Search. Finance jobs. Fear & Greed. Mutual Funds. Exclusive: Returns for brand-name VC funds By Dan Primack August 20, 2012: 12:15 PM ET. US Indices.

Naming 49

Naming Term Sheet Private Equity Equity 49

BeyondVC

FEBRUARY 6, 2007

Recently my partners and I were discussing the merits of a term sheet that came in for a portfolio company. While the term sheet did not meet our expectations 100%, there were a number of strong points. I can also say that there is a similarly fine line between dilution and delusion but this one is easier to draw.

Dilution 60

Dilution Term Sheet Valuation Early Stage 60

VC Adventure

AUGUST 24, 2011

With the performance of the public markets looking like an EKG read-out, I’ve been asked frequently in the past two weeks what effect this will have on the venture financing market. when the Dow drops 10% it’s not like term sheets headed out the door that week do the same).

Marketing 85

Marketing Silicon Valley Valuation Portfolio 85

Startup Professionals Musings

MARCH 20, 2017

In reality, a financing negotiation is not a single-round winner-take-all game, since a “good” deal requires that both parties walk away satisfied -- with a win-win relationship. On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Marty Zwilling.

Search 146

Search Term Sheet Bootstrapping Finance 146

The Startup Lawyer

FEBRUARY 4, 2011

Like any issuance of stock or investment, one of the main things a startup should be concerned with is: Is this going to fuck up a future financing ? If the terms won’t hinder a future financing, then your startup is good to go. 6) Search For the Incubator’s PR and Marketing Efforts. Conclusion.

Incubator 105

Incubator Pre-Money Valuation Option Pool Advisory Board 105

VC Adventure

AUGUST 24, 2011

With the performance of the public markets looking like an EKG read-out, I’ve been asked frequently in the past two weeks what effect this will have on the venture financing market. when the Dow drops 10% it’s not like term sheets headed out the door that week do the same).

Marketing 48

Marketing Silicon Valley Valuation Portfolio 48

Professor VC

FEBRUARY 12, 2015

Former students who are readers of this blog may recall the Amazon IPO case from Entrepreneurial Finance class. It''s previous financing round was a little over a year prior to the IPO and was a $8M raise at a $60M pre-money valuation led by John Doerr of Kleiner Perkins. or a market cap of $800M. igthwghjg2q2g8hu4). Sorry about that.

Las Vegas 28

Las Vegas IPO Pre-Money Valuation Valuation 28

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Your goal was to preserve your cash while you turned these guesses into facts and searched for a repeatable and scalable sales model. Get back up and running.

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

David Teten

DECEMBER 3, 2019

Coalesce address the more general problem of searching through large data sets for best fits. Pacer is useful to search prior litigation, bankruptcies, etc. Atlassian open-sourced their M&A term sheet , a very aggressive move which helps smooth the M&A process, by reducing the number of degrees of freedom in a negotiation.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Steve Blank

FEBRUARY 26, 2020

Every year I teach classrooms full of students who leave class understanding the basics of how to search for product/market fit—and thinking their next goal is to “get funded.”. Btw, the definition of each startup financing stage has changed in the last decade. In the pre-seed stage, a startup is searching for product/market fit.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Professor VC

JANUARY 20, 2009

The latest statistics from VentureSource show 554 financings in Q4, down from 620 in Q3 and 718 in Q4 2007. On that front, I take pride in the second headline with news that Fliqz , where I am CFO, just closed on $6 million in Series C financing. Labels: bootstrapping , CFO , Fliqz , venture capital , venture financing.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. venturebeat ].

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. venturebeat ].

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. venturebeat ].

Technical Review 79

Technical Review Matching Venture Capital 79

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. venturebeat ].

Technical Review 79

Technical Review Venture Capital Matching 79

www.payne.org

SEPTEMBER 22, 2011

UPDATE: If youre a founder or near-founder, your equity terms are likely defined by the funding terms negotiated with the investors. For a very good summary of investor terms, see Brad Felds writeups on term sheet terms. Navigation. Recent changes. Discussion. View source. Personal tools. What links here.

Equity 56

Equity Employee Vesting Preferred Stock 56

venturehacks.com

OCTOBER 21, 2010

Later that evening you review the term sheet from Blue Shirt. Reading on, the term sheet states, “The $8 million pre-money valuation includes an option pool equal to 20% of the post-financing fully diluted capitalization.&# That does work if the company gets sold before another round of financing.

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

Bryce Dot VC

APRIL 21, 2016

“Why the Unicorn financing market just became dangerous…for all involved.” Or, that the public market is the only safe place for founders to escape short term investors in search of hyper growth? Perhaps the answer to the Unicorn dilemma isn’t to take the down round or the dirty term sheet.

Silicon Valley 40

Silicon Valley Dilution Term Sheet Down Round 40

Both Sides of the Table

FEBRUARY 14, 2016

When I was an entrepreneur there was no public information about how term sheets worked or how investors thought. Why Financing in Falling Markets is So Damn Difficult. That’s just because the VCs are constantly saying so and making this a fulfilling prophecy. All of these are false. And so it goes.

Valuation 150

Valuation Down Round Startup Later Stage 150

www.quicksprout.com

NOVEMBER 1, 2010

Although I have made a decent amount of investments, I don’t consider myself an “angel investor” because I don’t search for companies to invest in, I don’t lead financing rounds, and I don’t know how to read term sheets. years I made 15 angel investments with my own cash.

Elevator Pitch 60

Elevator Pitch Revenue Entrepreneur SEO 60

Altgate

APRIL 22, 2009

 Today,  Wilson Sonsini  announced the launch of a " term sheet generator." "  It's basically a web tool that creates draft preferred financing term sheets for startups.  I got a preview of it a couple of weeks ago and my review is that it is really impressive!

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

steveblank.com

JULY 8, 2011

Research, Web prototyping, Testing and Building Tools Lists of Tools from Others HBS Startup Tribe Tools List – from Tom Eisenmann at HBS PBworks startup tools List Startup Foundry tools list Small Business tools list Groups Lean Startup Circle – Google Group for startup advice Startup Weekend – Launch a Startup in 54 hours The Lean (..)

Software Review 110

Software Review Startup Silicon Valley Analytics 110

mashable.com

JUNE 11, 2013

see more > Search. Young founders tend to complicate things too much, from structuring partnership agreements, financing, leases, etc. We spent six months fundraising only to walk away once we had a term sheet in hand because we realized we were making enough money to sustain and grow the business on our own terms.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

www.vccafe.com

MARCH 11, 2013

Whether you’re wondering what site search you should use or what is the best email marketing tool, knowledge is power. Â Search for apps tools. Google Custom Search Engine. Search Engine Optimization Tools. easy business finance software. Outlook plugin to search. Updated Business tools for Startups.

Software Review 53

Software Review Technical Review Startup 53