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.

Term Sheet 91

Term Sheet Angel Groups Angel Investor Deal Structure 91

Agile VC

MAY 26, 2011

This also appears as a guest post at Fortune’s Term Sheet. Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). May 26, 2011.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Startup Professionals Musings

MARCH 27, 2016

If all this checking sounds a bit paranoid and unnecessary, it may be time to take another look at some questionable investor practices and onerous term sheet requests. Through networking with other entrepreneurs, you should find one or more to visit that have relationships with this investor. It’s no fun for either side.

Technical Review 120

Technical Review Due Diligence Term Sheet Offshore 120

Hunter Walker

APRIL 20, 2014

And your term sheet waits at the bottom. A network effect? Still lots of hard work and good fortune to close the deal, but your term sheet is right on the other side.' Now I want to spend a few paragraphs on framing the pitch — I call it The Belief Funnel. Do I Believe There’s a Market Here?

Term Sheet 97

Term Sheet Lean Distribution Web 97

View from Seed

MARCH 11, 2020

Typically, founders ask for investor references after a term sheet as been presented or there has been some clear approval from their team to move forward with the investment. But along the way, you should also be talking to folks in your network that have experience with the particular investor and firm.

Technical Review 279

Technical Review Due Diligence Term Sheet Seed Stage 279

Startup Professionals Musings

MARCH 5, 2023

Let me be a bit more specific on how follow-up trumps ideas for success in the key challenges of a startup, or any small business: Networking with investors, partners, and customers. Tailor investor proposals and term-sheets. Meeting people and talking about your ideas won’t get you very far.

Cofounder 389

Cofounder Startup Term Sheet Acquisition 389

SoCal CTO

JANUARY 5, 2011

. - 500 Hats , July 30, 2010 Kathy Sierra at Business of Software 2009 - Business of Software Blog , May 4, 2010 Customer Development Checklist for My Web Startup – Part 1 - Ash Maurya , February 16, 2010 How-to learn about angel/vc term sheets - Gabriel Weinberg , June 28, 2010 Why Every Entrepreneur Should Write and 9 Tips To Get Started - OnStartups (..)

Silicon Valley 378

Silicon Valley Startup Term Sheet Venture Capital 378

Hunter Walker

OCTOBER 31, 2020

Qualification #2: You have access to a particular network of potential dealflow that is additive to the firm’s current strengths. Venture Deals: Be Smarter Than Your Lawyer And Venture Capitalist (Feld; Mendelson) is the best book to read if you want to understand venture capital, term sheets, etc. The school you went to.

North Carolina 90

North Carolina Hiring Angel Investor Technical Review 90

Version One Ventures

JULY 20, 2017

Intrigued, Boris reached out to Mike Murchison and learned that he and his co-founder David Hariri were building a social network to help others solves problems online. . Needless to say, Boris and I were super excited when Mike and David received a term sheet from Bessemer. That’s a win for everyone. .

Artificial Inteligence 150

Artificial Inteligence Silicon Valley Stealth Term Sheet 150

Feld Thoughts

OCTOBER 15, 2013

When David Cohen and I came up with the idea for the Global Accelerator Network (GAN) in 2010, we counted roughly 100 accelerator programs around the US that were founded following the Techstars model. From that initial outreach, 16 high quality accelerator programs joined us to launch the network. Others are not.

Global 179

Global Networking United States Seed Money 179

Both Sides of the Table

OCTOBER 2, 2015

It was on par with DreamForce in attention to detail, networking potential, entertainment and speaker quality. The speakers get what they want (small, private networking) and the audience gets what they want – world-class speakers. If you want to network you need to plan relentlessly in advance. ” It is what it is.

Web 150

Web Las Vegas Technical Review Term Sheet 150

Startup Professionals Musings

MARCH 12, 2023

Angels will likely agree to simpler term sheets, better valuations, and less restrictive terms on potential dilution, voting rights, exit options, and executive roles. For angel investors, you only need to do some local networking to get interest. How big is your startup opportunity? How much help do you expect and need?

Angel Investor 246

Angel Investor IRR Venture Capital Valuation 246

Tim Keane

MAY 16, 2010

A philosophy of valuations and term-sheets. Several months ago, I'd posted an article about term-sheets.  A Philosophy of Valuation and  Term Sheet Calcs   the accompanying spreadsheet.  A philosophy of valuations and term-sheets. « Do we really need this help?

Term Sheet 60

Term Sheet Valuation Wisconsin Angel Investor 60

Both Sides of the Table

DECEMBER 17, 2009

Ability to Pivot – I don’t like to invest in people that I’ve never met before who come through my office wanting to have a term sheet within 30 days. Yes, there is the mythical company you all heard about that walked into Sequoia and had a term sheet 24 hours later. I’m sure that happens.

Entrepreneur 291

Entrepreneur Term Sheet Early Stage Affiliate 291

View from Seed

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. When we started the firm, we were also more narrowly focused geographically due to our smaller team and network.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Mucker Lab

AUGUST 27, 2014

Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. In Silicon Valley, given how tightly knit the ecosystem has become, and how well-networked entrepreneurs have learned to be, there is almost no such thing as “proprietary” deal flow.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

Steve Blank

APRIL 1, 2020

Some VC’s are walking away from signed term sheets. For those remaining employees, offer remote therapy to deal with the stress of working from home and pay for any equipment/network upgrades. If you were expecting angel or venture funding get on the phone to your investor(s). Others are cutting their valuations.

South Korea 334

South Korea Salary Business Model China 334

Startup Professionals Musings

JUNE 6, 2022

The best known ones, like YCombinator , started by Paul Graham in Silicon Valley, and TechStars , located in Boston, provide excellent networking to investors, and on-site technical leadership, which can make your investment less risky. Many negotiate a board seat for themselves as part of the investment term sheet.

Liquidity Event 300

Liquidity Event Angel Investor SEC Accredited Investor 300

Reid Hoffman

JULY 27, 2021

The Network May Not be as Valuable as It Seems. Even critics of business school will generally acknowledge that attending a top-tier school helps the student build a strong personal network. But how strong is that business school network actually useful for entrepreneurs? Networks are both safety nets and trampolines.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

The Network May Not be as Valuable as It Seems. Even critics of business school will generally acknowledge that attending a top-tier school helps the student build a strong personal network. But how strong is that business school network actually useful for entrepreneurs? Networks are both safety nets and trampolines.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

techcrunch.com

SEPTEMBER 6, 2012

The hybrid social network, communication and crowdsourcing platform allows startups to access investors, and has also become a resource for investors looking to boost dealflow and connect with other investors. AngelList will then automatically generate a term sheet and closing documents.

Term Sheet 70

Term Sheet San Francisco Technical Review Seed Stage 70

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. There was no viral social networking products back then like Twitter where people could easily discover your content. That changed very quickly.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Startup Professionals Musings

JUNE 13, 2020

Angels will likely agree to simpler term sheets, better valuations, and less restrictive terms on potential dilution, voting rights, exit options, and executive roles. For angel investors, you only need to do some local networking to get interest. How big is your startup opportunity? How much help do you expect and need?

Angel Investor 314

Angel Investor Entrepreneur IRR Valuation 314

Up and Running

MAY 11, 2016

He’s perhaps best known for having founded Gust —a website that connects startups with investors—but he’s also been instrumental in a number of other ventures, including Space Angels Network, Singularity University, New York Angels, and Rose Tech Ventures.

Technical Review 60

Technical Review Term Sheet Startup Due Diligence 60

Startup Professionals Musings

JUNE 5, 2020

Let me be a bit more specific on how follow-up trumps ideas for success in the key challenges of a startup, or any small business: Networking with investors, partners, and customers. Tailor investor proposals and term-sheets. Meeting people and talking about your ideas won’t get you very far.

Entrepreneur 307

Entrepreneur Cofounder Term Sheet Acquisition 307

Up and Running

JANUARY 26, 2012

Similarly, if the investment is for growth capital, as opposed to capital to keep you afloat, the circumstances and investment terms will vary. Firstly, you need to identify some potential smart investors (by ‘smart’ I mean investors who bring more to the table than just cash i.e. access to a network of contacts, distribution etc).

Term Sheet 94

Term Sheet Exit Strategy Software Review Early Stage 94

Austin Startup

JULY 22, 2021

Capital Factory’s Texas Fund , in partnership with Beam Angel Network , Seven Seven Six Fund , and Golden Seeds (Houston) , is excited to announce the next $100,000 Investment Challenge at our 4th Annual Women In Tech Summit. You could walk away with a $100,000 investment and a network of entrepreneurs and investors to support your startup!

San Antonio 107

San Antonio Dallas Houston Founder 107

This is going to be BIG.

MAY 5, 2023

She’s already a seasoned pro—three term sheets got signed in her room at the NICU where she spent the first 80 days of her life. In other words, there’s still lots of work left to do here and the lights will stay on until the last investment wraps up. No new investments. No more responding to fundraising decks.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Altgate

APRIL 22, 2009

 Today,  Wilson Sonsini  announced the launch of a " term sheet generator." "  It's basically a web tool that creates draft preferred financing term sheets for startups. "  It's basically a web tool that creates draft preferred financing term sheets for startups.

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

David Teten

JANUARY 19, 2021

Aunnie Patton Power writes, “According to the Global Impact Investing Network, 85% of Impact Investors look for market rate or close to market rate returns, but they are cognizant that pushing for a full company exit might have negative impact on the company’s founding mission. Particular application in impact capital.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

YoungUpstarts

JUNE 17, 2013

Understand a term sheet. Make decisions off cohort tracking. Become a Google analytics expert. Write a blog post. Deliver a keynote. Build Links. Conduct customer interviews. Segment a market. Recruit and Train. Train an intern. Hire A Players. Replace B Players. Cold call C level executives. Write a novel. Raise Money. Bootstrap.

Advisory Board 279

Advisory Board Balance Sheet Term Sheet Entrepreneur 279

reidhoffman.org

NOVEMBER 12, 2013

This gave me an idea: I could help many more entrepreneurs by making the deck available not just to the Greylock network of entrepreneurs, but to everyone. Friendster’s valuation set the tone for the entire social networking space. The graphic we chose emphasizes that it is a network of people. Why is it valuable?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Both Sides of the Table

MARCH 23, 2015

” He has publicly espoused building products for “non logged in users” and has benefitted greatly from his thesis of large networks of socially connected & like minded individuals. Let’s see: Twitter, Tumblr, Etsy, KickStarter … not bad, hey? But Fred got me to see a broader perspective.

Los Angeles 150

Los Angeles Silicon Valley Term Sheet Video 150

Hunter Walker

JANUARY 5, 2014

We’re also being more specific about what our term sheet would look like from a size and valuation perspective, potentially even proactively generating something to show the entrepreneur we’re serious. I think networking is a terrible word. ” I try to spend zero percent of my life networking.

Software Review 102

Software Review Balance Sheet Cofounder Technical Review 102

Startup Professionals Musings

SEPTEMBER 6, 2019

Don’t be fooled by thinking that social networks are hot, so you should invest in the next startup you see in that realm. Many negotiate a board seat for themselves as part of the investment term sheet. Think long-term. Remember that 9 out of 10 startups fail in every realm. Fund an entrepreneur you know and trust.

Liquidity Event 224

Liquidity Event SEC Entrepreneur Accredited Investor 224

This is going to be BIG.

SEPTEMBER 30, 2012

How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation? This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. Perhaps I need to rethink that.

Venture Capital 130

Venture Capital Marketing Term Sheet Software Review 130

Startup Professionals Musings

OCTOBER 12, 2015

While the majority of investors are looking for a win-win deal, there are investors who like to prey on entrepreneurs who have little financial experience, don’t read the term sheet or are simply desperate for a deal. Be wary if the term sheet is a document longer than your business plan. Investors who love to litigate.

Due Diligence 120

Due Diligence Term Sheet Entrepreneur Angel Investor 120