Gust
NOVEMBER 2, 2011
We recently started a series of posts on establishing the pre-money valuation of pre-revenue startup companies for purposes of investment by seed and startup investors. Dave’s valuation model first appeared in a book published by Harvard’s Howard Stevenson in the middle nineties. Add to Pre-money Valuation.
Agile VC
APRIL 17, 2011
Only 7% of the search queries are performed by users referred by search engines, meaning Kayak’s brand is very strong and they continue to build it ($39M spent in 2010 on brand advertising, nearly $92M in total marketing spend). Pre-money valuation was initially set higher but was adjusted to match the Ser B valuation.
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Gust
JULY 23, 2014
I’m also allergic to funding “bridges to nowhere”, so I would like to hear your explanation of what you are going to do if no money appears to follow your seed round. , see if you can get them excited by your venture, and try to have them refer it to me.
ReadWriteStart
OCTOBER 7, 2010
So at any point, if you are trying to raise money, and you are hearing from investors that you are too early and have too little validation, it may be a good thing. As a thumb rule, try to get enough validation so that you can get to at least a $2 million pre-money valuation before raising equity capital.
Gust
OCTOBER 12, 2011
During the summer of 2010, I developed a workshop, A New ACEF Valuation Workshop for Angels and Entrepreneurs. To provide some reference points, I surveyed thirteen angels groups in North American to determine their recent experience in negotiating the pre-money valuation of pre-revenue companies.
Lightspeed Venture Partners
OCTOBER 7, 2012
This includes calling current and prospective customers, understanding technology and manufacturing, doing reference calls on the founders and key executives, verifying financial and legal information and often other items specific to the company. Doing the research to form your own view of a company’s prospects is called due diligence.
Gust
SEPTEMBER 27, 2014
If the fund or group has additional, specific information that they request with an application (such as who referred you, or how you qualify as part of a specific demographic), you will be prompted to answer additional questions, which you should do just as carefully and completely as you did for your core profile.
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