Both Sides of the Table

MARCH 8, 2018

In 2017 we began inserting an “Inclusion Clause” into our term sheets because we believe that the culture one establishes at the earliest stages of one’s business will set out the course of how it will grow and develop. We believe that diverse teams produce diversity of thought and that this leads to better decisions and outcomes.

Term Sheet 284

Term Sheet Los Angeles Open Source Portfolio 284

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. I often tell people that raising venture capital is more difficult than getting married. Not so in venture capital. But what about once you have a term sheet? You’re tied at the hip to your VC.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

This is going to be BIG.

NOVEMBER 16, 2011

While that post resulted in term sheets for Dennis and Naveen from VCs, the original intention was actually to get Yelp to invest in the company. I figured if I threw Yelp's name in there, maybe they'd check it out, and they'd agree to stick $200k in the company to let them keep going, maybe hire someone.

Term Sheet 108

Term Sheet API Search Technical Review 108

Both Sides of the Table

APRIL 17, 2012

Brad wrote up his answer here – you should read it because it’s very instructive for how I believe communities ought to think about naming conventions. ” Many people on the Westside of Los Angeles are using the term Silicon Beach these days to describe the amazing renaissance that is truly happening here.

Community 304

Community Los Angeles Startup Silicon Valley 304

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). If you don’t, please educate yourself on this site, Venture Hacks and the term sheet series by Brad Feld/Jason Mendelson, among other places.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

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. Exclusive: Returns for brand-name VC funds By Dan Primack August 20, 2012: 12:15 PM ET. Accel Partners VII (1999): 89% (74%). Accel Partners VII (2000): 122% (97%).

Naming 49

Naming Term Sheet Private Equity Equity 49

Both Sides of the Table

FEBRUARY 8, 2010

This is part of my ongoing series on Raising Venture Capital. Not so in venture capital. As in real life – those that rush into marriage often find out what their partner is really like after the fact. But what about once you have a term sheet? You’re tied at the hip to your VC.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

www.mattbartus.com

SEPTEMBER 24, 2011

I can’t tell you how often a client calls me up and says something like this: “Matt, we have this great new consultant who is going to make introductions to us to [pick type of business partner]. Cooley Report Reviews Second Quarter Venture Capital Financing Trends. Term Sheets. Venture Capital.

Equity 40

Equity Vesting Silicon Valley Intellectual Property 40

Both Sides of the Table

APRIL 23, 2017

Also, make sure you know several partners at the VC firms who have invested in you because in tough times it helps to have very broad support. You need to know how many partners they have and which partners do which kinds of deals. Ask friends where they raised capital. It sounds like a lot to know — and it is.

Burn Rate 238

Burn Rate Term Sheet CTO Hire Fractional CTO 238

Professor VC

JULY 25, 2013

Mike Markkula presenting Steve Jobs with first investment in Apple I recently watched an excellent documentary on PBS, Something Ventured: Risk, Reward, and the Original Venture Capitalists. I''m all for transparency, but won''t be naming names in this post as I don''t want to put some entrepreneurs in a difficult position.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Altgate

JANUARY 4, 2009

His company is doing well and recently received a couple of term sheets for his first institutional round. But it’s not so far fetched though that layoffs will soon be coming to venture capital. This must be really affecting you badly…how many people have you had to layoff here?&#

Venture Capital 28

Venture Capital Term Sheet Private Equity Early Stage 28

Both Sides of the Table

MAY 25, 2013

“I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” ” I had dinner last week with somebody you would consider one of the best known names in our industry. My view … it is my job to be a sparring partner. Shame on you.

LP 374

LP Later Stage IRR Term Sheet 374

K9 Ventures

JUNE 30, 2016

Every few weeks one of the founders of K9 Ventures’ portfolio companies forward over an email they’ve received from a “Partner” at a VC firm. Before you go any further, go read this post: Partner, Partner, Partner. Partner. <Firm Can we schedule an introductory call this week?

Email 96

Email Database Term Sheet Partner 96

Scott Edward Walker

FEBRUARY 9, 2020

venture capital), they buy and sell companies and seek a return that way. Moreover, because most financial buyers are set-up as funds (which have their own limited partner investors) that typically expire in 10 years, the return on their investment must happen relatively quickly.

Private Equity 59

Private Equity New York City Equity Deal Structure 59

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. I caught up with him recently to talk about venture capital from both sides of the equation, investing for the long-term, missed opportunities, and how he gets good ideas. ** Let's start with something basic.

Lean 108

Lean Venture Capital Conversion IPO 108

Rob Go

JULY 17, 2014

For a seed stage venture capital firm, product/market fit comes down to two questions. On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners. 1) How is the portfolio performing? Some of these questions led us to raise a larger fund for NextView II.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Eric Friedman

AUGUST 18, 2021

I lovingly call him the curmudgeon of fintech – in this episode we go deep into how he is building a venture capital firm and practice, not just running a fund and how he views the world of fintech investing. Today, we are lucky to welcome Dan Kimerling of Deciens Capital. Dan has a B.A. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Reid Hoffman

JULY 27, 2021

Greylock Partners · Reid Hoffman | Philosopher Versus MBA. If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. I think a lot of entrepreneurs don’t fully understand how venture capital works.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

Greylock Partners · Reid Hoffman | Philosopher Versus MBA. If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. I think a lot of entrepreneurs don’t fully understand how venture capital works.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Both Sides of the Table

DECEMBER 2, 2010

You can also spend time with a newer startup helping them navigate the world of product management, venture capital or team building. His term sheet series helped me at a time when I needed help. He introduced me to a senior guy from the “network solutions&# practice, a Dutchman named Valentijn Bonger.

Europe 352

Europe France San Francisco Chicago 352

reidhoffman.org

NOVEMBER 12, 2013

× At Greylock , my partners and I are driven by one guiding mission: always help entrepreneurs. Neither is a particularly good backdrop for trying to raise capital, because. When pitching VCs, think about the individual partner in the context of their partnership. What will that partner tell their partners?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

www.paulgraham.com

APRIL 28, 2010

A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out. When we got into such a scrape, our investorstook advantage of it in a way that a name-brand VC probably wouldnthave. Thats where the name"incubator" comes from. What is an incubator? Im not sure myself.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

www.paulgraham.com

APRIL 28, 2010

David Hornik, a partner at August, told me: The numbers for me ended up being something like 500 to 800 plans received and read, somewhere between 50 and 100 initial 1 hour meetings held, about 20 companies that I got interested in, about 5 that I got serious about and did a bunch of work, 1 to 2 deals done in a year. If not, dont even try.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Both Sides of the Table

JANUARY 18, 2011

I first met the founder of Pose, Dustin Rosen , when he was a junior person with an LA-based venture capital firm called The Mail Room Fund. I asked him to present to my partners. Within 48 hours of meeting him we had a term sheet agreeing to fund $1.6 Pose is no different. They loved his vision, too.

Term Sheet 303

Term Sheet Mobile Cofounder Early Stage 303

VC Adventure

MARCH 5, 2012

It goes without saying that I love the business of venture capital. I’m worried that in all the hype, in all the “we launched our company” events, and “we changed our name again” parties, and “we redid our website – come celebrate!” And in bringing a bunch of customers, prospects and partners together at a social event.

Early Stage 130

Early Stage Term Sheet Venture Capital Valuation 130

VC Adventure

MARCH 5, 2012

It goes without saying that I love the business of venture capital. I’m worried that in all the hype, in all the “we launched our company” events, and “we changed our name again” parties, and “we redid our website – come celebrate!” And in bringing a bunch of customers, prospects and partners together at a social event.

Early Stage 56

Early Stage Term Sheet Venture Capital Valuation 56

Steve Blank

APRIL 16, 2009

We were about to be partners in building a new product family. The change in his demeanor – from trying to kill me – to laughing, as it dawned on him where I was going, could only be described as hysterical relief. “40%?” Yes, yes and yes.

Silicon Valley 134

Silicon Valley Product RSS Engineer 134

www.gabrielweinberg.com

OCTOBER 24, 2011

I recently raised venture capital for the first time. In the end we got funded by a big name , but I met plenty of lesser names I would gladly be funded by. In a second I'd choose someone I like/respect/trust/think is a good fit at a no-name firm vs someone I don't at a big name firm. I'm new at this.

Venture Capital 90

Venture Capital Term Sheet Cofounder Partner 90

Life Beyond Code

SEPTEMBER 27, 2011

By April 2010, the One Million by One Million (1M/1M) global initiative had been formally named. The latter is the domain of venture capital, but the former is what we need to build the foundation for Capitalism 2.0 By November 2010, we launched the 1M/1M website, including an early version of the premium program.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

steveblank.com

JULY 8, 2011

My name is Crystal Williams, and I maintain a small business blog called Babeofbusiness.com. Blogs (VC): Antonio Rodriguez [link] – A very technical VC at Matrix partners who can actually code. It is certaintly a great list to motivate me to get reading again. Keep up the great work! … Thanks!

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). Add a class name to buttons, forms, quotes, etc. National Venture Capital Association â?? WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â??

Software Review 53

Software Review Technical Review Startup 53