Both Sides of the Table

SEPTEMBER 15, 2022

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas.

Technical Review 416

Technical Review Pre-Money Valuation San Francisco Valuation 416

Both Sides of the Table

JULY 22, 2010

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. I turned them down. They were nonplussed.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

Both Sides of the Table

SEPTEMBER 10, 2021

how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued? So in our earliest stages we’re about 70% seed and 30% pre-seed.

Pre-Money Valuation 471

Pre-Money Valuation Valuation Venture Capital Early Stage 471

Both Sides of the Table

JULY 23, 2014

There has been much discussion in the past few years of the changing structure of the venture capital industry. The rise of alternative sources of capital (crowd funding and the like). pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Both Sides of the Table

MAY 28, 2018

So when you say $8–10m is your goal and you aren’t at all thinking about your valuation know that a VC hears “$24–40 million pre-money valuation expectations.” Summary Raising money is a daunting process. This part of a series to help you raise venture capital ?—?the

Burn Rate 247

Burn Rate Valuation Pre-Money Valuation Dilution 247

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JUNE 5, 2011

But to help with the explanation I’d like to put down some markers of typical Internet pre-money valuations done in major US markets (San Fran, NY, LA, etc.) while acknowledging that San Fran deals are often higher valuations due to increased competition amongst investors. And of course there are always outliers.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

Both Sides of the Table

APRIL 20, 2011

In the early 80’s he left academia to work on venture capital investing with Jim Simons, Renaissance Technologies. The discussion with Howard Morgan starts off by acknowledging Josh Kopelman as a co-founder of First Round Capital. First Round Capital’s pre-money range is usually between $3-5 million.

Pre-Money Valuation 284

Pre-Money Valuation Technical Review Cofounder Cram Down 284