Gust

SEPTEMBER 27, 2014

While VCs are the toughest nut to crack, there are many other (often better) sources of seed capital that may be available to you. This will almost always be the best approach to an investor. Gust is used by over 1,000 angel investment groups, accelerators, business plan competitions and support programs to manage their applications.

Angel Groups 159

Angel Groups Elevator Pitch Software Review Deal Flow 159

Feld Thoughts

JULY 14, 2015

The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. The new money comes in at a pre-money valuation of $100, but includes a complete refresh of founder equity to 40% of the company. So they recapitalize the company.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

Rob Go

NOVEMBER 30, 2012

I was surprised to find that it has been more than two years since my post summarizing the state of the seed stage market, and trying to bring a balanced view on the rise of Super Angels and Micro-VC’s. The venture capital market continues to be in transition, and a lot of changes have occurred in the early stages of the market.

Seed Stage 55

Seed Stage Pre-Money Valuation Dilution Early Stage 55