Genuine VC

APRIL 29, 2013

all talk about the best way for entrepreneurs to optimize their fundraising process with the end-goal of receiving a term sheet. It’s often spoken as if the second that magical term sheet document is in hand, the process is over. Some VCs merely view term sheets as “marketing documents.”

Term Sheet 150

Term Sheet Valuation Partner Conversion 150

Genuine VC

OCTOBER 2, 2012

After completing a long process identifying the right venture firms to pitch, running an exhaustive fundraising process, finding a mutual fit, and successfully negotiating terms… at last, the term sheet is signed. The two- to six- week time between the signing of the term sheet and closing is “venture limbo.”

Term Sheet 162

Term Sheet Founder Vesting Due Diligence Syndicate 162

Genuine VC

JULY 6, 2011

Peace of mind in that an entrepreneur shouldn’t worry early-on that a term sheet isn’t forthcoming after one conversation. Once one venture firm signals strong interest to move towards a term sheet, only then can an entrepreneur *credibly* use that move to accelerate his other discussions.

Term Sheet 150

Term Sheet Deal Flow Venture Capital Conversion 150

Genuine VC

JANUARY 15, 2015

In other words, as much as feasible, to gate all of the VC discussions so that they’re progressing along essentially the same pace – with the goal to receive multiple terms sheets near simultaneously in order to best select the best offer and best partner, with full information. But reality doesn’t always play out as neatly.

Lead Investor 100

Lead Investor Term Sheet Venture Capital Portfolio 100

Genuine VC

JANUARY 10, 2012

I see super pro-rata rights as another VC term-sheet bell & whistle which stem from genuine and legitimate intentions (allowing a VC to own more of a company it likes a lot) that result in misaligned incentives between an entrepreneur, investor, and what is "right" for the business.

Term Sheet 131

Term Sheet Burn Rate Valuation Dilution 131

Genuine VC

JANUARY 13, 2014

The first venture firm at any one juncture progressing to the next step (first meeting, second meeting, diligence, partner meeting, term sheet, etc.) becomes the “pace-car” for that lap.

Term Sheet 206

Term Sheet Venture Capital Valuation Portfolio 206

Genuine VC

MARCH 25, 2010

He lamented that if the meetings with this venture firm soon led to a term sheet, he’ll be faced with a tough problem of a binary decision – take whatever they offer him (which was likely too much money for what the company needs now at not a great price) or risk losing any funding options.

Early Stage 123

Early Stage Venture Capital Term Sheet Conversion 123