David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Agile VC

JUNE 5, 2012

Both companies generate direct revenue from their platform in the form of a revenue share / platform tax (typically 30%) on software and digital goods sold through the respective platforms. Facebook’s direct platform revenue accounted for about 15% of the company’s overall sales whereas Apple’s was less than 1%.

Java 170

Java Flash Software Azure 170

Steve Blank

MARCH 12, 2014

We realized that past K-12 Entrepreneurial classes taught students “the lemonade stand” version of how to start a company: 1) come up with an idea, 2) execute the idea, 3) do the accounting (revenue, costs, etc.). Sharks, in turn, argued with one another and even attempted to form syndication in one instance.

Lean 334

Lean Customer Development Startup Silicon Valley 334

Both Sides of the Table

MAY 19, 2010

Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010. Note that these are “gross” revenue numbers.

Partner 240

Partner New York City Cofounder Syndicate 240

ConversionXL

JUNE 16, 2022

Stacked Marketer turned a free newsletter into a six-figure revenue generator by staying actionable, convenient, and entertaining. How market share and revenue have grown. You only have to look at top brands to see this in action: Apple’s sleekness, Coca-Cola’s playfulness, Disney’s magic. Consistency is equally critical for startups.

Campaign 149

Campaign CTO Marketing Social Media 149

David Teten

MARCH 14, 2018

Coinvestors need to figure out ways to prioritize themselves in a VC’s preference stack for syndicating opportunities. – Syndicate Special Purpose Vehicles (“SPVs”) for specific opportunities. I see a small number of other VCs at our stage pursuing a similar, expensive strategy. .

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Feld Thoughts

AUGUST 25, 2015

Take a look at the founding syndicates of each: Masstor Sytems (5/1979). Quantum Corporation (6/1980). What is striking about these syndicates is that nobody had any meaningful capital, which forced syndication and cooperation. Some were Silicon Valley early stage companies, such as Apple, Quantum, and Masstor Systems.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Startup Professionals Musings

JANUARY 27, 2021

Groups of angels may syndicate multiple individual amounts, but if your total request exceeds $1 million, you need to focus on the venture capital alternatives. To be fundable, fifth year revenue projections need to be in the $20-$100 million range. Thus, angel investments from across the country or internationally are rare.

Search 317

Search Accredited Investor Angel Investor Venture Capital 317

Austin Startup

NOVEMBER 7, 2011

Mass Relevance today announced that it has been selected by Twitter (blog post) as the first curation partner officially licensed to re-syndicate Twitter content. Through this partnership, companies will be able to move beyond engagement and create new revenue streams around curated and integrated experiences into TV, [.].

Syndicate 85

Syndicate Syndication Partner Naming 85

View from Seed

NOVEMBER 18, 2014

Startups with large, lifecycle VCs included in the seed round syndicate did not reach Series A faster than those who did not. If a lifecycle VC was involved in the seed investor syndicate, the Series A was noticeably larger, at a $5.9M Generate Real Revenue. Another approach to raise Series A is to drive meaningful revenue.

Syndicate 333

Syndicate Syndication Seed Stage Startup 333

YoungUpstarts

MARCH 16, 2014

Apps are increasingly becoming a vital part of how businesses deliver services and goods to consumers, in fact Gartner predicts that by 2017 apps will generate more than $77 billion in revenue and be downloaded more than 268 billion times. Founder and CEO of Appsbar, Scott Hirsch, is a noted entrepreneur and expert in mobile marketing.

Developer 162

Developer Application Development Syndicate Syndication 162

Both Sides of the Table

JUNE 18, 2015

Success often comes from doing a few things extraordinarily well and noticeably better than the competition and is measured in customer feedback, product engagement, growth in usage and ultimately in revenue growth. They’re doing how much in SaaS revenue? I offer the same advice for many of my friends who are newer VCs.

Software Review 150

Software Review Turkey Portfolio Syndicate 150

Startup Professionals Musings

JANUARY 22, 2020

Typically, individual investments will be less than $100K, but a group of angels may syndicate multiples. Since they know that most startups fail, their target return is ten times investment, so be prepared to talk cost vs revenue and product life. Angels spread their risk by making multiple smaller investments.

Angel Investor 322

Angel Investor Valuation Syndicate Syndication 322

Duct Tape Marketing

JUNE 15, 2022

4:32] Is that was that the initial vision was to just make it easier to get those shows syndicated? [5:48] Is that, was that the initial vision was to just make it easier to get those shows syndicated. [2:54] What does the podcast media company look like today, and what was your idea for starting it? [4:32] Now there's Patreon.

Audio 64

Audio SMS Technical Review Advertising 64

Agile VC

APRIL 17, 2011

How They Make Money: Majority of Kayak’s revenue actually comes from advertising on their site (55%), not lead generation or referral fees to travel suppliers as you might think (more on this below). Financial Snapshot: 2010 Revenue: $170 million. Revenue growth: 51% YoY (2010), 1% YoY (2009), 131% YoY (2008).

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Both Sides of the Table

OCTOBER 15, 2014

When he had his prototype solution for DataSift and had secured re-syndication rights (the rights to resell Twitter data – which only 3 companies ever had) I knew I wanted to work with him. We kept meeting at conferences over the next 18 months and he kept showing me what he was working on.

Founder 309

Founder CTO Hire Silicon Valley Leadership 309

ReadWriteStart

DECEMBER 2, 2010

Well, 1M/1M is focused on helping businesses generate $1M in annual revenue, whatever be the nature of the business. But our goal is to make sure that these businesses are sustainable, have customers, revenues, and profits. We do not and will not have any particular focus on non profits that are dependent upon funding from charities.

India 116

India Green Silicon Valley Massachusetts 116

Genuine VC

MAY 29, 2014

Yet even today, whether or not to take a (relatively) small check in a seed round syndicate from a multi-hundred million or even billion dollar fund is still a decision which takes quite a bit of consideration and sometimes consternation. So there is an element of (positive) selection bias in the larger VC syndicate cohort companies.

Syndicate 166

Syndicate Syndication Seed Stage Valuation 166

View from Seed

APRIL 30, 2015

If they can’t, then we want to know more about the existing investor syndicate, so we’re not the only ones at the table. Traction and revenue? Typically, the gross margins aren’t there compared to software, so revenue isn’t quite as important in the early stages of getting to market. Business model?

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

Agile VC

JUNE 5, 2011

They’ve grown from nothing to >$2B in revenue in 30 months time, making the company among the fastest growing businesses in the histroy of the world. How They Make Money: Groupon keeps a share of the coupon value (typically 40-50%) as its net revenue (1). Financial Snapshot: 2010 Revenue: $713M. to the merchant.

North America 100

North America Chicago Boston Silicon Valley 100

Rob Go

SEPTEMBER 4, 2018

We are also seeing more investors try to be a part of syndicated A rounds for companies that are raising $5M or more and are really not what most would consider “seed” stage. As the venture capital industry has evolved, more and more seed investors are passing on traditionally “seed stage” startups because there isn’t enough traction.

North America 36

North America Seed Stage Early Stage Lead Investor 36

YoungUpstarts

JUNE 22, 2019

Search engines like Google are the biggest conduit for discovery on the web; if you can get higher rankings for queries relevant to your target audience, you’ll get more traffic, and therefore generate more revenue. Improving your site speed is good for SEO, but is also simply good for your users.

SEO 186

SEO Marketing Startup Syndicate 186

ConversionXL

APRIL 7, 2020

Once objectives are identified and prioritized, your podcasting plan should outline strategies and tactics, which include format, frequency, duration, host/s, point of view, guests, research, syndication, and marketing. podcast directories) pick up and syndicate your podcasts for free via RSS feeds. Take some time to comparison shop.

Syndicate 85

Syndicate Syndication Hosting Audio 85

Mike Michalowicz

DECEMBER 18, 2012

With resources like virtual assistants and crowd sourcing there is no reason to “go it alone” Determine your top 3 revenue producing activities and YOU focus on them; delegate the rest. Thanks to Kenny Jahng of Big Click Syndicate LLC. Do you track your revenue? Thanks to Monica Shah of Revenue Breakthrough.

LLC 166

LLC Non-Compete Revenue Hiring 166

Pascal's View

JULY 9, 2017

In contrast, there is limited benefit for being the 2 nd investor or the 10 th investor joining the syndicate of a priced round, so it is common for investors to wait to see “who else is involved”. The CEO/founder often has leeway to influence or negotiate the cap value (especially when the headline cap is softened by a discount).

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

David Teten

JULY 23, 2019

See How VCs structure a syndicate and recruit coinvestors for more on this. – Ideally revenues and other financial metrics if we can include that. Though these tools can be helpful to the syndication process, I believe it will largely remain a relationship-based process for some time to come. . – Headquarters city

Portfolio 60

Portfolio Elevator Pitch Syndicate Syndication 60

Startup Professionals Musings

MARCH 23, 2013

There are many additional variables that the inexperienced marketer may not even think to consider: competition and positioning strategies, budgeting, match types, search and content syndication, and ad copy testing, as well developing the best ad wording and layouts. Tracking and performance reporting. Marty Zwilling.

Search 226

Search PPC Widget SEO 226

Feld Thoughts

MAY 8, 2017

As more hardware companies start paying attention to revenue attach, following the lead of companies like Dropbox, Ring, and Peloton, there’s an obvious place for Sonos to do this. Or live music that is syndicated from a different partner. Give me a free month of a service I haven’t yet activated.

Disintermediation 115

Disintermediation Syndicate Syndication Curation 115

The Startup Magazine

AUGUST 14, 2018

Within five short years, the company’s revenues totaled $4.5 So we decided to strip the audio from those and syndicate them into a podcast”. That equates to about an extra $300,000 – $400,000 in monthly revenue for the company”. How has this helped?

Demand 71

Demand Audio Syndicate Syndication 71

Hearpreneur

NOVEMBER 27, 2019

Summit CPA is now a company with over $5M in annual revenue and our team is fully distributed throughout the United States. Little did I know that the simple and cathartic act of writing would lead me to become not only an author of several more books, but also a nationally syndicated radio host and patient safety speaker and trainer.

Naming 150

Naming CPA Entrepreneur Software Review 150

This is going to be BIG.

MARCH 3, 2014

Are they making real revenue? Would the entrepreneur enthusiastically include them in the syndicate of their next venture? If someone bought a company for $50mm after a year, before it became a business with actual revenue, what are you really crediting the entrepreneur with? At what valuation? Did they lead it?

Syndicate 124

Syndicate Syndication Venture Capital Valuation 124

This is going to be BIG.

MAY 5, 2023

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.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

K9 Ventures

APRIL 27, 2011

I helped introduce the company to various angels and lead the effort to form a syndicate for their fund-raising round. Modista had only had modest revenue to date (~5K) and had by no means gotten to the point where it was having an impact on the revenues of Like.com.

Software Review 134

Software Review Technical Review IP Finance 134

View from Seed

JUNE 16, 2015

Our investment size may differ slightly from one company to the next, but it tends to be driven entirely by situation-specific factors (needs of the company, syndicate composition, anticipated reserves, etc) … and not based on our belief. For ecommerce: >$500K revenue/month. For SaaS: At least $100K in MRR.

Boston 120

Boston Syndicate Syndication eCommerce 120

Startup Professionals Musings

OCTOBER 5, 2015

Asking for early-stage money before you have customers and revenue will likely kill your credibility with real investors. million and is normally syndicated from one to three institutional seed investors or larger VC funds. These funders often offer convertible notes, rather than the traditional priced equity.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Gust

OCTOBER 12, 2011

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. See the 2010 data reported here: Current Pre-money Valuations of Pre-revenue Companies. Pre-money Valuation of Pre-revenue Companies.

Angel Groups 125

Angel Groups Valuation Pre-Money Valuation St. Louis 125

Startup Professionals Musings

JULY 24, 2015

If you post on industry sites, or get syndicated to popular sites, your scores and visibility will go up even more. You may even find alternate revenue streams, including speaking engagements and consulting, to bridge the gap to product rollout. Develop an efficient and effective writing style.

Startup 120

Startup Social Media Syndicate Syndication 120