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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

Taking it from an investor perspective (not me, angels) I think it’s totally unfair to see early angels invest, take more risk, help you get to the next level through both sweat & money, and then pay a higher price because the round had a convertible note with no cap. That’s OK, but it gives you a max (read: price!)

Finance 286
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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

Things like “ participating preferred stock &# in legalese unsurprisingly never actually call out, “hey, this is the participating preferred language.&# We got a3x participating liquidation preference with interest (not participating with a 3x cap, but 3x participating. Tags: Startup Advice This Week in Venture Capital.

Valuation 405
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On the (un?)importance of design

A Smart Bear: Startups and Marketing for Geeks

I displayed its old homepage at the magnificent Webstock design conference in Wellington earlier this year; the crowd whooped at our violent assault on the visual arts, complete with calliope menubar colors, two broken images tag above the fold, and a layout model that could be seen as a “grid&# only after consuming a pillowcase of mushrooms: (..)

Design 253
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I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

These include frequency capping, prioritizing inventory types, geo-tagging so that you serve up location relevant ads, time-of-day campaigns (e.g. you might switch to restaurant coupon ads from 4-7pm every day) and you can set up budgetary rules (caps by budgets, clicks, actions or impressions). Good luck, guys.

Mobile 282
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Angel Investing 4 – Why You Need Deep Pockets to Win Big

Both Sides of the Table

And if you’re not busy being crushed (diluted) you might not notice that the people above you in the cap table (e.g. Tags: Startup Advice Tech Market Analysis VC Industry. I’m not defending this behavior – sometimes it is appropriate, sometimes it is not. But it is. So know that going in.

Cap Table 283
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Can You Trust Any vc's Under 40?

Steve Blank

Yahoo would hit $104/share in March 2000 with a market cap of $104 billion.) Steve Blank (tags: vc startup) [.] tags: vc entrepreneurship) [.] AKPC_IDS += "1128,"; (No Ratings Yet) Loading … Posted in Leadership | Tagged [.] billion for a company with less than $50 million in sales. carry on reading.

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Not disruptive, and proud of it

A Smart Bear: Startups and Marketing for Geeks

billion market cap), mid-sized (NetBotz with millions in revenue and funding), and small (sub-$1m operations like us). Tags: Essays competition fun inspiration philosophy positioning strategy. There were many competitors, both huge (APC with $1.5 You must have your own thoughts on this subject!