Both Sides of the Table

AUGUST 1, 2010

I think the issue was mostly framed initially by Chris Dixon in his article The Problem with Taking Seed Money from Big VC s. Like Brad Feld I’m syndication agnostic but I have a slight preference toward working with others. If we invest the follow-on money comes from our non-seed fund (e.g.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

www.paulgraham.com

APRIL 28, 2010

A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. I think it would help founders to understand funding better—notjust the mechanics of it, but what investors are thinking. Few startups get it quite right.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Both Sides of the Table

APRIL 3, 2010

Chris Dixon provided some commentary on Twitter that he believes I missed “the most important point about fund size.&# He’s specifically referring to his point of view that entrepreneurs shouldn’t take seed money from “big VC’s&# (he defines them as > $100 million). You raised angel money.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265