Startup Professionals Musings

JANUARY 27, 2012

It’s true that Angel investors typically do not present entrepreneurs with overly complicated deal structures, especially when compared to venture capitalists. Liquidation preference. Entrepreneurs sometimes assume an initial agreement with an Angel is a commitment, so they start spending before any money is received.

Term Sheet 223

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 223

Startup Professionals Musings

SEPTEMBER 14, 2010

It’s true that angel investors typically do not present entrepreneurs with overly complicated deal structures, especially when compared to venture capitalists. Liquidation preference. Entrepreneurs sometimes assume an initial agreement with an angel is a commitment, so they start spending before any money is received.

Term Sheet 227

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 227

Gust

OCTOBER 17, 2011

It’s true that angel investors typically do not present entrepreneurs with overly complicated deal structures, especially when compared to venture capitalists. Liquidation preference. Entrepreneurs sometimes assume an initial agreement with an angel is a commitment, so they start spending before any money is received.

Term Sheet 158

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 158

K9 Ventures

JUNE 5, 2015

Together this means that Seed stage companies need to run longer and at a higher expense structure, meaning they need to raise a lot more capital. In that presentation, I said that Seed is not the first round of financing any more and that K9’s investments were mostly “pre-seed”.

Seed Stage 48

Seed Stage Venture Capital Early Stage Valuation 48