Both Sides of the Table

APRIL 13, 2011

I was an early investor in a company called Harmonics which ended creating Guitar Hero … that got bought by Activision and then the rest of the company got bought by MTV and they created RockBand. “. The following is a brief series of quotes from just ten of the approximately 30 different topics discussed in this incredible interview.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

The Next Web

SEPTEMBER 13, 2013

In India, the leading firms are slightly more concentrated with Sequoia India , Accel Partners , and Nexus Venture Partners being a cut above the rest. The rest of Asia is still developing with far more angel and early-stage investors than mid-to-later stage folks. Unfortunately, none of it happens this way in Asia.

Asia 132

Asia Silicon Valley India Term Sheet 132

View from Seed

SEPTEMBER 4, 2018

The rest have been companies with some early market validation. As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. It’s where we believe our expertise can be most helpful to a young company, and it’s what we love to do.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Austin Startup

JULY 22, 2021

We’ve helped winners connect with customers, mentors, and secure millions of dollars in capital from partners like Google Black Founders Fund, Revolution’s Rise of the Rest Fund, Backstage Capital, and many other VC investors. Apply now to be one of five teams selected to pitch. million Series A round.

San Antonio 107

San Antonio Dallas Houston Founder 107

Austin Startup

DECEMBER 15, 2020

We’ve helped winners connect with customers, mentors, and secure capital from Google, Revolution’s Rise of the Rest Fund, Backstage Capital, and many other VC investors. Winners include thriving Texas startups like Dallas-based ShearShare , Houston-based GroupRaise , and Austin-based Journey Foods.

Founder 98

Founder Dallas Houston Term Sheet 98

Version One Ventures

AUGUST 28, 2019

We have conviction: If we like a deal, we are happy to write a term sheet. We don’t need to wait until other investors have committed , and we’re happy to help close the rest of the round if additional money is expected. And in most cases, we make an investment decision in days.

Founder 109

Founder Term Sheet Early Stage Venture Capital 109

Reid Hoffman

DECEMBER 10, 2020

Let’s make the rest of the session a working session.” So I got the license to put a term sheet down, and we made the investment. But in this case, there was a recognition on the part of Brian and the rest of the team that what really matters is the overall network, which includes employees, but also includes hosts and guests.

Hosting 69

Hosting Hockey Stick IPO Silicon Valley 69

Agile VC

JANUARY 22, 2014

We signed a term sheet with Ben for Change Collective’s round shortly before the holidays and he did a great job bringing in our friends at Founder Collective as a co-lead and Eniac Ventures and a small set of angels in a short time.

Term Sheet 173

Term Sheet Cofounder Mobile Cloud 173

This is going to be BIG.

FEBRUARY 27, 2022

Besides, there were a limited number of places where I could do my job in venture capital anyway—and while I might be a go to for a pitch from super early stage pre-seed and seed founders looking for quick answers and decisive term sheets in New York City, the reality is that I would be pretty far down the list in the Valley.

Ukraine 128

Ukraine Russia Cap Table New York City 128

Both Sides of the Table

MAY 10, 2018

He was just a normal guy like the rest of us. He said, “Mark, the only difference between me and the rest of you is that I’m willing to hear ‘no’ 15 times before I get a yes. When you finally get a term sheet you get three. When you get your term sheet your existing investors suddenly fight over prorata rights.

Term Sheet 232

Term Sheet France Technical Review Restful 232

Rob Go

SEPTEMBER 4, 2018

The rest have been companies with some early market validation. As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. It’s where we believe our expertise can be most helpful to a young company, and it’s what we love to do.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Austin Startup

MARCH 16, 2021

We’ve helped winners connect with customers, mentors, and secure millions of dollars in capital from Google, Revolution’s Rise of the Rest Fund, Backstage Capital, and many other VC investors. Houston-based Syzygy Plasmonics is developing a green power source from hydrogen fuel cell technology and raised a $5.8 million Series A round.

Houston 80

Houston San Antonio Dallas Texas 80

Feld Thoughts

AUGUST 23, 2011

I’m super excited to be working with Bre Pettis, Adam Mayer, Zach Smith, and the rest of the MakerBot gang to create consumer-grade 3D printers. The day we signed the term sheet, I made some Foundry Group coins (with the Foundry Group logo on the front and a $ on the back) and fedexed them to Bre.

Term Sheet 154

Term Sheet Restful Partner Product 154

Gust

SEPTEMBER 27, 2014

There are 450+ back episodes online, and it’s safe to say that if you listen to it regularly, within a few months you will know more about what makes angel investors tick than do 98% of the rest of the world…including other angels! Create your Gust profile to show off your venture in the best possible light.

Angel Groups 159

Angel Groups Elevator Pitch Software Review Deal Flow 159

Both Sides of the Table

FEBRUARY 8, 2010

But what about once you have a term sheet? If you’re so inclined click on that link and launch this video while you’re reading the rest of this post. As in real life – those that rush into marriage often find out what their partner is really like after the fact. I love this song.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

Both Sides of the Table

JULY 11, 2010

I’m surprised how few people talk about valuations, term sheet terms, how much to pay recruiters, etc. I also had lunch there which was served buffet style with the rest of the office, which apparently costs $5 / day and you just let the office manager know in advance so they can plan numbers.

San Francisco 285

San Francisco Incubator Silicon Valley Startup 285

Feld Thoughts

FEBRUARY 15, 2016

When I was an entrepreneur there was no public information about how term sheets worked or how investors thought. And shut out all the rest of the noise. Mark also has a nice call out to me that helps explain why he writes posts list this one. “When I started blogging it was because I was inspired by Brad Feld.

Silicon Valley 70

Silicon Valley Term Sheet Early Stage New York 70

Both Sides of the Table

APRIL 3, 2010

We used the Y Combinator open source term sheet. We signed the term sheet within 48 hours and had funded in under 2 weeks. If you accept my terms you’re done. They elected to sign my term sheet. We offered them more : $750k-1 million. We took the $500k. How did it go so quickly?

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

Gust

JULY 3, 2012

For those who may not have tried the service, Pinterest is an online “pinboard” of sorts, enabling users to create “boards” on various areas of interest (see mine, Term Sheet , as an example).

Intellectual Property 163

Intellectual Property Social Bookmarking IP Term Sheet 163

Feld Thoughts

APRIL 29, 2015

If you’ve never read Rand’s post on our financing, it goes through an extraordinary amount of detail about Moz’s business, the financing process, the terms, and the timeline. Rand did NOT run this by me before posting it – I saw it at the same time as the rest of the world. Data, data everywhere.

Atlanta 70

Atlanta Valuation Term Sheet Finance 70

Reid Hoffman

DECEMBER 15, 2020

It affected the rest of my life, and my situation became even lonelier when I broke up with my girlfriend at the time. Fortunately, he and the rest of the team realized that they had amazing employees and an amazing community of hosts, and they found a way to successfully pivot the business. Ultimately, the company failed.

Cofounder 69

Cofounder Restful Silicon Valley Term Sheet 69

Steve Blank

APRIL 1, 2020

Some VC’s are walking away from signed term sheets. Involve the board and the rest of the company. The CEO should dial through as many of the largest existing customers to get a firsthand understanding of the magnitude of any revenue shortfall. Others are cutting their valuations. Communicate with all employees daily.

South Korea 333

South Korea Salary Business Model China 333

This is going to be BIG.

JANUARY 17, 2012

My experience at First Round over the last two years has been amazing from day one--and I thank Josh and the rest of the team for giving me the opportunity to work with them. It’s why I teach entrepreneurship at Fordham University and why I find the job of being a venture capitalist so rewarding.

New York City 120

New York City New York Venture Capital Term Sheet 120

Up and Running

AUGUST 21, 2014

You can view the steps of the certification process here, but a general overview is that you file an impact assessment and receive a rating from B lab, make sure you are fulfilling the appropriate legal requirements (which vary by state, country and—if you’re not a startup—existing structure), and sign a declaration and term sheet.

Rhode Island 110

Rhode Island South Carolina Delaware Louisiana 110

Both Sides of the Table

MAY 25, 2013

I rest my case. Many entrepreneurs come by with great pitches and say, “I’m hoping to have term sheets in the next 30 days.” . “This essay is dedicated to the great VC’s on my board who I am lucky to work with: Sameer Gandhi from Accel, Jeremy Liew from Lightspeed, and Kirsten Green from Forerunner.

LP 374

LP Later Stage IRR Term Sheet 374

Both Sides of the Table

SEPTEMBER 2, 2009

Many term sheets ensued. I had that against the backdrop of several term sheets. 2)&# it’s not fair to the rest of the employees who don’t get to take money out. year old boy and another one due in 1 months. So by this point I hadn’t had an exit. And then the offer came in to buy my company.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

The Startup Toolkit

NOVEMBER 28, 2011

Sometimes you don’t even need to commit to one choice — you can keep the deal on the table and use it as your next-best-option to negotiate harder on the rest of the set. Start hustling your next-best-options right now so you can make the most of it. [1]

Term Sheet 33

Term Sheet Bankruptcy Valuation Bootstrapping 33

David Teten

SEPTEMBER 2, 2017

That said, we do require that before anyone says yes they mention the investment to the rest of us — that way they get the benefit of the team’s input, and it’s a good way to slow down and think for a second.)”. We believe in individual accountability — if anyone can say yes, then everyone feels the weight of making a decision.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Steve Blank

NOVEMBER 12, 2009

But Cafepress’s most memorable moment was when the founders used a “Lessons Learned” VC pitch to raise their second round of funding and got an 8-digit term sheet that same afternoon. The VC firm delivered a term sheet for an 8-digit second round that afternoon. The rest is just fluff. Here’s how they did it.

Venture Capital 209

Venture Capital Silicon Valley RSS Hockey Stick 209

Rob Go

JUNE 1, 2016

A fancy firm puts down a term sheet to invest $40M in the new company. The company gets a term sheet for another $50M. This is particularly true in the VC business where typically, the best 1-3 companies in a fund far outperform the rest of the portfolio. 6 months later, the company is really taking off.

Term Sheet 28

Term Sheet Portfolio Valuation Warrant 28

Pascal's View

AUGUST 21, 2011

… We have a stock market that works for one kind of buzzy (Demand Pull) stock but is a disaster for the rest of the economy. On August 11, 2011 Dan Primack wrote on this topic in Term Sheet and concluded differently: “I believe that the current Internet bubble is economic. I do not think we are in a Bubble per se.”.

Valuation 50

Valuation Social Media Media IPO 50

Both Sides of the Table

DECEMBER 2, 2010

His term sheet series helped me at a time when I needed help. So while the rest of my Internet-savvy friends were leaving Andersen Consulting to go work for technology startups – I wanted to choose life. Rest in peace. Give somebody a break because you would have benefited if somebody did that for you.

Europe 352

Europe France San Francisco Chicago 352

Professor VC

JUNE 20, 2011

At this time, we had secured a term sheet from a co-investor from one of my other angel investments (Thanks, Graeme!) In fact, since the iControl system was busy taking pictures of all entering our conference room, we could put together a photo album of all these meetings. So what does this all mean.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

reidhoffman.org

NOVEMBER 12, 2013

Then, spend the rest of the pitch backing up those claims and increasing investors’ confidence in your investment thesis. Most investors arrive with questions, and if you proactively show you understand their principal concerns, you earn their attention for the rest of your pitch.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Both Sides of the Table

SEPTEMBER 8, 2012

You simply draft up a series seed term sheet. Another easy way to do it is the term sheet create Series Seed A-1 and Series Seed A-2. The rest of the round might not close. So we’ve reserved the first $150,000 at a $2.5 million pre-money. You can do it with equity & a price. And you should be, too.

Pre-Money Valuation 294

Pre-Money Valuation Finance Liquidation Preference Warrant 294

Steve Blank

FEBRUARY 26, 2020

The rest that makes up a company is called its business model. You’ll see a Term Sheet, Stock Purchase Agreement, Amended and Restated Certificate of Incorporation, Investors’ Rights Agreement, Right of First Refusal and Co-Sale Agreement and a Voting Agreement.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

View from Seed

SEPTEMBER 9, 2015

What about the rest of the VC fundraising process? Quickly the tables turn and often a VC requests a follow-up in-person meeting to present a term sheet, talk through terms, sell their firm, and also sometimes conduct “confirmatory diligence” (dot the I’s and cross the T’s on diligence questions, though this won’t affect the outcome).

Term Sheet 120

Term Sheet Partner Audience Founder 120