Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations. Please see later version of this post on May 16, 2010 Entrepreneurs are often not experts in the area of term-sheet negotiations and all of the surrounding issues.   Investors sometimes “present” the terms they’d like and expect the entrepreneurs to react.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

David Teten

AUGUST 19, 2019

Does the traditional VC financing model make sense for all companies? I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. I believe that Revenue-Based Investing (“RBI”) VCs are on the forefront of what will become a major segment of the venture ecosystem.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

www.quora.com

JANUARY 16, 2011

Find Questions, Topics and People Add Question Add Question Venture Capital Venture Capital Term Sheets Startups Term Sheets What are examples of good startup term sheets? Ycombinator open source term sheet is a good start for Seed deals. org/2009/02.

Term Sheet 41

Term Sheet Startup Angel Investor Wiki 41

Both Sides of the Table

APRIL 13, 2011

Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital. Venture Capital in Boulder and other smaller communities. “So I owe ya’ a 20 minute call (or in person next time I’m in San Diego).

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. We detail below the major categories of VC: VENTURE CAPITAL TYPOLOGY. FLEXIBLE VC VS. OTHER VENTURE CAPITAL MODELS.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

ReadWriteStart

MARCH 31, 2020

Venture capital investment is one of the top places startups look out for when seeking funding for their business alongside other popular options like angel investing and crowdfunding. Moreso, there is a lot of competition with investors doing all they can to determine the viability of a business before putting their money into it.

Technical Review 175

Technical Review Artificial Inteligence Startup Term Sheet 175

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. On December 3rd Brad Feld wrote a one paragraph blog post titled “ Raising Venture Capital &# in which he linked to my blog. Tempus Fugit.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

YoungUpstarts

OCTOBER 12, 2017

However, as a condition of financing they may require annual audited financial statements. If there is insufficient cash, then the company should have a plan to obtain sufficient capital. For many startups this results in a need to raise additional financing through debt or equity arrangements.

San Francisco 133

San Francisco Forecast Early Stage Term Sheet 133

Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR). under $500K).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

Berkonomics

MAY 15, 2014

A good example was during the negotiation of a term sheet. These usually involve a handful of angel investors, and a few entrepreneurs, who all want to build the very best term sheet for their exciting nascent enterprise. Angel investing today is similar to where venture capital investing was in the mid-1980s.

Term Sheet 91

Term Sheet Angel Groups Angel Investor Deal Structure 91

www.xconomy.com

JUNE 9, 2012

New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

YFS Magazine

OCTOBER 8, 2016

It can be tempting to skip the term sheet and simply have your lawyer prepare the investment documents.

Term Sheet 112

Term Sheet Startup Venture Capital Finance 112

Mucker Lab

AUGUST 27, 2014

Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. The best entrepreneurs have been coached to run a tight process, to shop their term sheets to a myriad of VCs, all of whom have great reputations and large networks. Diversity” and “Domain Experience”.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

This is going to be BIG.

SEPTEMBER 30, 2012

This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. Well, they did ask David Chao of Doll Capital, who said that the " frothy bubble is over ". I suppose, more specifically, the bubble ended in the last two weeks of September--right after this financing.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

Feld Thoughts

JANUARY 27, 2020

Venture Debt (with help from SVB), and 17. Legal Things Every Entrepreneur Should Know. The new chapters in this edition are 11. How to Engage an Investment Banker (with help from Golding Partners).

Investment Bankers 108

Investment Bankers Term Sheet Capitalization Table Venture Capital 108

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. Bigfoot Capital. Decathlon Capital. Key elements: . “We

Revenue 60

Revenue Technical Review Software Review Equity 60

ReadWriteStart

JUNE 1, 2020

It is essential to understand the funding structure stated in your term sheet and the advantages and disadvantages it may have for your business. Under this category, you have the angel investors who would invest their own money and Venture Capital or VC firms, who manage funds aimed towards specific startup sectors and stages.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Gust

OCTOBER 25, 2014

The Business of Venture Capital. Raising Venture Capital for the Serious Entrepreneur. A Venture Capital Insider Reveals How to Get from Start-up to IPO on Your Terms. Term Sheets & Valuations. A Line by Line Look at the Intricacies of Term Sheets & Valuations.

Term Sheet 132

Term Sheet Private Equity Exit Strategy Venture Capital 132

Gust

NOVEMBER 11, 2011

Angel investment events where the group investment is supposed to go to the winner, but the winner ends up hating the term sheet. Usually these term sheets involve convertible notes, which are supposed to convert to equity at the next round of financing, like when the serious venture capitalists do a Series A.

Software Review 79

Software Review Term Sheet Due Diligence Angel Investor 79

Startup Company Lawyer

APRIL 22, 2009

Always looking for ways to better serve the entrepreneurial community, Wilson Sonsini Goodrich & Rosati is pleased to announce the release of the WSGR Term Sheet Generator , a publicly available online tool that allows entrepreneurs and investors to generate an initial draft of a term sheet for a preferred stock financing.

Term Sheet 39

Term Sheet Finance Preferred Stock Kentucky 39

Feld Thoughts

MARCH 16, 2021

When Jason and I wrote the first edition Venture Deals in 2011, we built off a series of 30+ blog posts we wrote in 2005 about Term Sheets. It’s fun to explore them for historical reference since Jack Bauer plays a major part in the posts. us) and the entrepreneur, who did a few of these over her lifetime.

Term Sheet 151

Term Sheet Finance Web Entrepreneur 151

Up and Running

MAY 18, 2016

The Customer-Funded Business: Start, Finance, or Grow Your Company with Your Customers’ Cash. If you want to start a business but don’t want to go down the route of pitching venture capitalists or angels, guess what? Funding a startup venture is difficult, no matter what way you look at it. B y John Mullins.

Startup 80

Startup Venture Capital Angel Investor Lean 80

Both Sides of the Table

MAY 13, 2018

If an investor isn’t engaging then they’re not suddenly going to get a term sheet. For simplicity I’ll assume you’ve raised some money from angels or seed investors and you’re either raising an A round or a B round of venture capital. You can short-hand this as “engagement.” these are simply guidelines.

Term Sheet 332

Term Sheet Due Diligence Campaign Sales 332

K9 Ventures

SEPTEMBER 20, 2018

For most VCs once a term sheet is signed, getting through diligence and legal is a chore, and not the most fun part of the job. I have yet to ever see a deal where the investor counsel expenses came in significantly lower than the agreed to cap in the term sheet. Probably not. Because it just rubs me the wrong way.

Term Sheet 114

Term Sheet Due Diligence Stock Early Stage 114

Scott Edward Walker

AUGUST 25, 2011

In certain deals (like a venture capital financing) this is critical because you will, in effect, be married to the guys on the other side of the table for a number of years. Accordingly, you will need to determine whether it’s a good match by addressing certain key questions, such as: Can this person be counted-on and trusted?

Technical Review 63

Technical Review Term Sheet Los Angeles Entrepreneur 63

Version One Ventures

AUGUST 28, 2019

The venture capital market has become very noisy over the past few years, especially on the early-stage side. Entrepreneurs have an increasing amount of financing options – that’s good news, but it also makes it harder to choose the right partners for your journey. Not a day goes by that a new fund isn’t being announced.

Founder 109

Founder Term Sheet Early Stage Venture Capital 109

Growthink Blog

MAY 10, 2010

How can I raise venture capital?" And when it comes to venture capital in particular, the vast, VAST majority of entrepreneurs go about it the wrong way. And if you go about raising venture capital like MOST entrepreneurs do, then you'll probably get the same results that most entrepreneurs do.

Venture Capital 59

Venture Capital Term Sheet Business Plan Finance 59

Feld Thoughts

JULY 18, 2011

The book originated in 2005 when Jason and I wrote a long series of posts on this blog about a typical Venture Capital term sheet. After I wrote Do More Faster: TechStars Lessons to Accelerate Your Startup with David Cohen (the CEO of TechStars ), Jason and I decided to write Venture Deals. How to Raise Money.

Term Sheet 162

Term Sheet Venture Capital Capitalization Table Finance 162

Gust

OCTOBER 12, 2011

Last week , we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece. I’ll continue with more specific terms and wrap up next week with some thoughts about recent changes and trends for the future.

Finance 107

Finance Term Sheet Pre-Money Valuation Early Stage 107

Altgate

DECEMBER 16, 2010

@altgate Startups, Venture Capital & Everything In Between Skip to content Home Furqan Nazeeri (fn@altgate.com) ← Pre-Money Valuation vs Number of Founders Where Do Tech VCs Invest? One of the least understood of these key terms is the liquidation preference. In other words, they are rescue rounds with harsh terms.

Liquidation Preference 39

Liquidation Preference Pre-Money Valuation Term Sheet Valuation 39

Scott Edward Walker

JUNE 9, 2019

Over the past few weeks, two of my clients have received financing term sheets in which the investors requested super pro rata rights. Simply put, pro rata rights permit the investor to maintain its percentage ownership in subsequent financing rounds. Introduction. Pro Rata Rights.

Preferred Stock 56

Preferred Stock Term Sheet Dilution Stock 56

Altgate

AUGUST 20, 2010

@altgate Startups, Venture Capital & Everything In Between Skip to content Home Furqan Nazeeri (fn@altgate.com) ← Why Don’t Universities Teach Sales? A couple of years ago I wrote this post on the science and art of negotiating a term sheet , which turned out to be a fairly popular post.

Term Sheet 39

Term Sheet Venture Capital Angel Financing Framework 39

Startup Company Lawyer

AUGUST 31, 2012

One major concern about convertible debt is that it eventually needs to be repaid if another round of financing doesn’t occur. ” If the company didn’t raise a round of financing, the convertible debt would convert into the last round of financing (i.e. Form of Convertible Security Term Sheet.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

K9 Ventures

APRIL 14, 2020

Doug and his co-founder Vivek Nair , were not planning on raising any venture capital money yet. They had already done one startup before that was venture-backed and they realized that they should only raise venture capital once they are ready. .” But it wasn’t that simple!

Cofounder 127

Cofounder Venture Capital Guerilla India 127

Feld Thoughts

JULY 27, 2011

When Jason and I set out to write Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist , we both agreed that we wanted to try to create as useful and durable a reference guide for entrepreneurs interested in raising a round of venture capital as we could. You can find them on the Ask the VC Resources page.

Term Sheet 136

Term Sheet Preferred Stock Merger Venture Capital 136

Professor VC

APRIL 1, 2010

One comment made by Jason was that angels tend to be less sensitive than VCs on valuation and can potentially make it difficult to get a venture financing done at acceptable valuation. A related topic is the standardization of terms. A good comparison of the various "standard" term sheets can be found at Start-up Company Lawyer.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Gust

OCTOBER 21, 2011

Readers joining this series in progress may find it helpful to download the sample term sheet from my firm’s website and review the earlier posts covering the basics. Using our hypothetical numbers, assuming the notes have an 18-month term, the return would be $15,000 ( 15% ) – again nothing to write home about.

Finance 79

Finance Pre-Money Valuation Term Sheet Liquidity Event 79