David Teten

MAY 9, 2012

VCAP© Addresses the Gap between Venture Capital and Funding for Women and Diverse Entrepreneurs. VCAP©, the first program of its kind, bridges the gap between venture capitalists and angel investor networks and women and diverse entrepreneurs, many of whom have not traditionally had access to these sources of capital. .”

Venture Capital 154

Venture Capital Programming Accredited Investor New York 154

Both Sides of the Table

JULY 22, 2010

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Other founders, “as a privately held company we don’t disclose our valuation.&# Me, “dude, I’m not a journalist. Investors own 25%, the founders own 75%.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

David Teten

SEPTEMBER 6, 2015

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

View from Seed

MARCH 4, 2020

When you look at the websites of the seed VC’s on the 2019 list, you notice that some are starting to steer away from positioning themselves as Seed funds as they accumulate more capital and are starting to enter companies at later stages. It will be interesting to see if this trend continues. Looking Forward.

Venture Capital 313

Venture Capital China Technical Review Africa 313

Steve Blank

JANUARY 22, 2014

Three types of regional venture funds exist today: Regionally located funds, such as Foundry Group in Boulder, are located outside of Silicon Valley or NY but their investments are primarily in the Valley or NY… they are not a regional fund per this discussion. Large regionally based early stage funds have mostly failed.

Early Stage 286

Early Stage Silicon Valley Oregon Technical Review 286

Hunter Walker

DECEMBER 11, 2023

He’s founder and CEO of Greenhouse , a ‘hiring operating system’ for companies which spans recruiting and onboarding tools for enterprises and SMEs. Originally backed by venture capital, in 2021 Daniel worked with TPG , a large private equity firm, to make them the majority investor.

Private Equity 78

Private Equity Equity DC Leveraged Buyout 78

Both Sides of the Table

MAY 28, 2018

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. Founder: “$8–10 million” VC: “What’s your current burn rate?” Founder: “$250k / month.” Founder: “Um. Why are you raising so much?” Let me check my plan.”

Burn Rate 247

Burn Rate Valuation Pre-Money Valuation Dilution 247

This is going to be BIG.

MAY 5, 2023

It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. For me, I don’t mind sharing how I think about it. It hasn’t always been as rewarding as it could be, however.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Steve Blank

JUNE 11, 2009

Posted on June 11, 2009 by steveblank When my students ask me about whether they should be a founder or cofounder of a startup I ask them to take a walk around the block and ask themselves: Are you comfortable with: Chaos – startups are disorganized Uncertainty – startups never go per plan Are you: Resilient – at times you will fail – badly.

Cofounder 219

Cofounder Founder Silicon Valley Technical Cofounder 219

Both Sides of the Table

JUNE 28, 2011

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. So it’s unsurprising that typical “A rounds&# of venture capital were $5-10 million.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Both Sides of the Table

OCTOBER 12, 2014

They often create the biggest tensions between investors who are investing at different stages in the business. These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. I have seen bad behavior from later-stage VCs, believe me.

Technical Review 336

Technical Review Later Stage Early Stage LP 336

Austin Startup

MAY 11, 2017

645 Ventures: A New Era of Venture Capital Investing Arena Growth Partners We help great leaders build great businesses. Our unique approach to investing, coupled with a pioneering spirit, provides the vision to guide early stage growth companies beyond today and toward future success.

Private Equity 48

Private Equity Venture Capital Technical Review Seed Stage 48

Steve Blank

APRIL 23, 2014

In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations. If they acquire later stage companies who already have users/customers and/or a predictable revenue stream, they are acquiring companies which are executing.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Steve Blank

JUNE 15, 2010

So if you’re the founder of a startup, you may want to consider who you take money from. Is Your VC Founder Friendly? What startup stage do they typically invest in? How many of their founders are still with their company? Will they tailor your vesting to your contribution as a founder? Is it for your technology?

Founder 231

Founder Vesting Later Stage Early Stage 231

Both Sides of the Table

MAY 4, 2013

When I was new at Venture Capital I was trying to figure out the business. What stage? Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? And I listen to the reasons their co-founders quit their well-payed job to join them. What price?

Early Stage 361

Early Stage Deal Flow Investment Bankers Technical Review 361

This is going to be BIG.

SEPTEMBER 30, 2012

Did I mention it only took the founder a month? While job recovery is slow, it seems that we've probably ducked that bullet and there won't be a major shift in people's interest in funding the venture capital asset class. Not a bad close rate, I'd say--and a pretty great pay day. This is a relationship game.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

Austin Startup

JUNE 27, 2017

Austin-Based Venture Capital Firms There are a eleven venture capital firms based in Austin that are actively investing today, six of which are first funds. VC Firms Actively investing in Austin Companies Finally, there are a group of venture capital firms that are not based in Austin that are active investors here.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

VC Cafe

SEPTEMBER 28, 2023

The Carta data showed the following trends: About half of the companies that closed had not raised any venture capital, relying solely on bootstrapping, angel investors, or other sources. For those that did tap VCs, 90% were either Seed or Series A stage companies. It comes with the territory.

Valuation 103

Valuation Startup Angel Investor Dilution 103

Both Sides of the Table

MAY 24, 2021

The culture is driven by the 20-something irreverent founder with huge technical chops who in a “David vs. Goliath” mythology take on the titans of industry and wins. But markets have changed and I think investors, founders and experienced executives who want to join later-stage startups can all benefit from playing the long game.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

David Teten

JUNE 22, 2012

HBS Angels of NY and the NAIC have named the finalist women and minority entrepreneurs of the Venture Capital Access Program; check out the press release below. Select Finalists for Venture Capital Access Program. Harvard Business School Alumni Angels of Greater New York and the. domestic market.

Programming 128

Programming Accredited Investor Naming New York 128

Both Sides of the Table

MAY 4, 2013

When I was new at Venture Capital I was trying to figure out the business. What stage? Should I trust my instincts for founders and products or should I be more focused on the market size or business plan? And I listen to the reasons their co-founders quit their well-payed job to join them. What price?

Deal Flow 347

Deal Flow Early Stage Investment Bankers Technical Review 347

David Teten

JUNE 22, 2012

HBS Angels of NY and the NAIC have named the finalist women and minority entrepreneurs of the Venture Capital Access Program; check out the press release below. Select Finalists for Venture Capital Access Program. Harvard Business School Alumni Angels of Greater New York and the. domestic market.

Programming 114

Programming Accredited Investor Naming New York 114

Both Sides of the Table

JUNE 27, 2021

They sold 2 years later for $16 million In the financial crisis of 2008 we had a company that had jointly hired lawyers to consider a bankruptcy and also pursued (and achieved!) Almost every successful company is a mixture of very hard work by the founders mixed with a pinch of luck, good fortune and perseverance.

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

This is going to be BIG.

FEBRUARY 21, 2021

I’m a female founder. I don’t have a technical co-founder. These are all of the things I heard from a founder that I recently backed. So what about all of the above statements—things that founders widely hold to be true barriers to fundraising? Or that venture capital is a meritocracy? This isn’t surprising.

Venture Capital 162

Venture Capital Cofounder Deal Flow Later Stage 162

K9 Ventures

JUNE 5, 2015

The Venture Capital industry as a whole does a terrible job of giving things the right name and so we end up keeping the same name, but changing the meaning out from under it. Implications for Founders. Too many founders still think that. As it happens almost every few years there was a new normal developing.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48

Both Sides of the Table

FEBRUARY 18, 2017

Union Square Ventures (USV) has been one of the most successful venture capital firms of the past 10–15 years and continues to be a leader in our industry. This followed the firms founder Don Valentine handing leadership early to Mike Moritz and Doug Leone who then entrusted Jim Goetz. And so it goes.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

Berkonomics

AUGUST 3, 2023

The subject of raising money is critical to many businesses and a passing option to others, depending upon the capital efficiency of the enterprise. Venture, private equity and more: Here we lump a large number of investor classes into one. For those of you who fit that description, nice work.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

Steve Blank

OCTOBER 24, 2017

Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. VCs competing for unicorn investments have given founders control of the board. A pre-IPO board usually had two founders, two VCs and one “independent” member. Technology Cycles Measured in Years.

Founder 245

Founder Technical Review CTO Hire IPO 245

The Next Web

AUGUST 26, 2013

Editor’s note: This is a guest post by Christian Reber, CEO and co-founder of Berlin-based 6Wunderkinder. Stefan Tirtey, Partner at Doughty Hanson Ventures , created this document with Berlin early stage investors. If you raise money for the first time, you better understand the basics of venture capital.

Management 120

Management Cofounder Startup Bootstrapping 120

Both Sides of the Table

JULY 17, 2018

One thing that comes with being a venture capitalist is you see hundreds and hundreds of businesses. You get to have interesting conversations with founders and review business plans and then see how these businesses evolve over the years. But if you want to add some in the comments section on Medium and I’ll make sure to read them.

Founder 242

Founder Dilution Software Review Later Stage 242

David Teten

JULY 25, 2017

Most importantly, we have regular meetings with later-stage VCs and enterprise clients both in the US and internationally to discuss our companies which fit their investment mandates. Effectively, we are a market maker between our portfolio companies and the late-stage VCs and large enterprises which are our co-investors. .

Portfolio 60

Portfolio Technical Review Private Equity Database 60

Duct Tape Marketing

JULY 27, 2023

He is the founder of Nudge, an analytics company, that was a commercialized product from his agency. Key Takeaway: Agency owners should consider investing a portion of their own capital into other businesses as a way of personal development and to gain valuable insights from different industries. This is John Jantsch.

Cofounder 57

Cofounder Artificial Inteligence New Zealand Analytics 57

David Teten

SEPTEMBER 5, 2014

I’ve written on the expert network industry a fair amount in the past: see How to Earn More Consulting Revenue from Expert Networks and How Executives Can Work with Private Equity and Venture Capital Portfolio Companies. We’re not mainly for B2B companies or later stage companies or anything like that.

New York 114

New York Technical Review Networking Advisory Board 114

Both Sides of the Table

JUNE 19, 2017

As a VC, burn rate is one of the most discussed topics I have with teams who are pitching me for raising capital and it is one of the most common discussions points I have with founders in companies that I’ve backed. So let me walk you through the discussion points I have with founders.

Burn Rate 212

Burn Rate Startup .Net Venture Capital 212

View from Seed

JANUARY 5, 2015

Raising venture capital at any stage of company growth requires tremendous effort from entrepreneurs. That drive to focus on helping customers and growing their companies is even more commendable than the ability to raise capital. Note that this list was created specifically with seed-stage startups in mind.

Seed Capital 120

Seed Capital Seed Stage Entrepreneur Venture Capital 120

Steve Blank

MARCH 17, 2020

Data from the last large crash in 2008 had seed rounds recovering early, but later stage funding cratered and took years to recover. This time around, the health of the venture business may depend on what hedge funds, investment banks, private equity firms, sovereign wealth funds, and large secondary market groups do.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Both Sides of the Table

JUNE 5, 2011

I’ve decided to take all of my private conversations and subjective points-of-view on the topic and make them public in a keynote speech at the Founder Showcase in San Francisco on June 15th. The earlier you invest the higher the chances the company won’t work out and thus you pay a lower price than later-stage investors.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336