View from Seed

AUGUST 17, 2021

I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet. I’m also quick to pick apart what might be wrong or misguided about an emerging new trend or hot sector. I’m glad I didn’t listen.

IRR 205

IRR Dilution Founder Portfolio 205

Startup Professionals Musings

DECEMBER 28, 2010

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. They will also assess trends in the market and how current economic, political, and demographic conditions relate. Sales and marketing strategy.

Technical Review 229

Technical Review Due Diligence Term Sheet Angel Investor 229

View from Seed

AUGUST 17, 2021

I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet. I’m also quick to pick apart what might be wrong or misguided about an emerging new trend or hot sector. I’m glad I didn’t listen.

IRR 156

IRR Dilution Founder Portfolio 156

View from Seed

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. Indeed, this trend is happening across the world, but for now, we are primarily focused on North America. Belief #4: The Best Way to Spot Outliers is to be Thematic.

North America 120

North America Seed Stage Early Stage Lead Investor 120

View from Seed

AUGUST 17, 2021

I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet. I’m also quick to pick apart what might be wrong or misguided about an emerging new trend or hot sector. I’m glad I didn’t listen.

IRR 136

IRR Dilution Founder Portfolio 136

crowdSPRING Blog

JUNE 6, 2013

A founder-friendly term sheet – [link]. Web Design Trends 2013: Top 10 Smashing Trends to Look Upon | Psdblast – [link]. 8 Mobile App Trends with Examples – [link]. But sadly, just many puppies – [link]. Four Things To Consider If You Want To Scale Your Startup | Forbes – [link].

Social Media 95

Social Media Small Business Design Media 95

This is going to be BIG.

SEPTEMBER 30, 2012

This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. These closed periods have more to do with trends in other markets or macro fears than they have anything to do with prospects for innovation. Not a bad close rate, I'd say--and a pretty great pay day.

Venture Capital 114

Venture Capital Marketing Term Sheet Software Review 114

ReadWriteStart

JUNE 1, 2020

It is essential to understand the funding structure stated in your term sheet and the advantages and disadvantages it may have for your business. Investors tend to invest in a hot trend. Investments can either be purely in one of these forms or may be structured as a combination of multiple forms.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

www.readwriteweb.com

DECEMBER 29, 2011

We hope you enjoy reading them again and we look forward to bringing you more Web products and trends analysis in 2012. Tip 4: Really Understand Key Terms. Once you get the term sheet make sure you know how to read it. Once you have a term sheet you are happy with, don't over negotiate.

Cap Table 47

Cap Table Term Sheet Liquidation Preference Technical Review 47

A Crowded Space

SEPTEMBER 18, 2015

This can lead to lots of hype among investors and very rapid financings where VCs are forced to “act quickly” and provide term sheets in less than 48 hours. Frankly, we trust our instincts and our qualitative research and customer diligence more than we trust the number of twitter followers or the increase in Google Trends.

San Diego 60

San Diego Software Review San Francisco Silicon Valley 60

Rob Go

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. Indeed, this trend is happening across the world, but for now, we are primarily focused on North America. Belief #4: The Best Way to Spot Outliers is to be Thematic.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Hunter Walker

FEBRUARY 15, 2016

My business is about investing in extraordinary founder talent so it pains me that I can’t write a Homebrew Term Sheet to Laura Weidman Powers. HW: When you track the process of CODE2040’s Fellows post-program and post-graduation, what trends are you starting to see? How do you think about efficacy and ROI?

Programming 48

Programming Term Sheet Revenue United States 48

Both Sides of the Table

JUNE 28, 2011

The trend of funding anything from the first $25k to funding $50 million at a billion+ valuation is unlikely to last as the skills and style to be effective at all stages are diverse enough to warrant focus. These two trends had a major impact on the computing industry from 2000-2005 but the effects weren’t yet felt by the VC industry.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Both Sides of the Table

MAY 22, 2010

I’m spotting another trend. We were doing an educational session on term sheets. I had expect a Q&A style session and as I asked the first question – BOOM – he went straight to screen sharing using his term sheet write-ups on VentureHacks. I’ve been thinking about Skype a lot again.

Term Sheet 266

Term Sheet Europe Wiki Cloud 266

Gust

OCTOBER 12, 2011

Last week , we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece. I’ll continue with more specific terms and wrap up next week with some thoughts about recent changes and trends for the future.

Finance 107

Finance Term Sheet Pre-Money Valuation Early Stage 107

Both Sides of the Table

JANUARY 18, 2011

What I’d like to do is tell you the story of how the investment came to be, what my thesis is / was and share some thoughts on macro trends. I hope you’ll excuse me when I do the latter in combination with the former to try and explain how I see macro trends and help you think about the mind of a VC. I still do.

Term Sheet 303

Term Sheet Mobile Cofounder Early Stage 303

David Teten

SEPTEMBER 6, 2015

The term sheets of good corporate investors reflect the venture capital industry standards and don’t require special treatment like first right of refusal in case of a sale or operating agreements with their parent company’s divisions. They often get the first look into coming trends and disruptions.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Feld Thoughts

AUGUST 4, 2016

Last year we invested in Glowforge , a company playing into the same trend that made MakerBot successful but in an inverse way. Barry had a long history with 3D printing and he had put in a term sheet to lead the round Makerbot was considering. But this technology had not been brought to the desktop at a $2,000 price point.

Finance 70

Finance Term Sheet Cofounder Boston 70

www.paulgraham.com

APRIL 28, 2010

One experienced CFO said: The better ones usually will not give a term sheet unless they really want to do a deal. As oneVC told me: If you were talking to four VCs, told three of them that you accepted a term sheet, and then have to call them back to tell them you were just kidding, you are absolutely damaged goods.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

techcrunch.com

NOVEMBER 2, 2010

I wouldn’t recommend this if you’re meeting with more than 2 people, but this meeting was one of my best and resulted in a term sheet. Here you are setting up the trend pattern and then move right into the demo. Why did this work? Normally, in a pitch meeting, you and the investor sit on opposite sides of the conference table.

Technical Review 100

Technical Review San Francisco Framework Term Sheet 100

management.fortune.cnn.com

AUGUST 7, 2012

The painful new trend in Medicare. Term Sheet. The PC looks like its dying. Standard Chartereds stock drops on Iran allegations. Stocks gain on hopes for central bank action. Pfizer settles foreign bribery charges. Leadership, by Geoff Colvin. Akerson: I never thought Id run GM. Howd you recover? Newsletters. Today in Tech.

Entrepreneur 54

Entrepreneur Technical Review Iran Term Sheet 54

www.mattbartus.com

SEPTEMBER 24, 2011

Cooley Report Reviews Second Quarter Venture Capital Financing Trends. Term Sheets. Matt is a lawyer representing technology companies through all phases of their lifecycle, from pre-incorporation, seed & VC financings, exit transactions and IPOs (read more). Recent Posts. I have moved my startup practice to Cooley from Dorsey.

Equity 40

Equity Vesting Silicon Valley Intellectual Property 40

Eric Friedman

AUGUST 18, 2021

On Companies/Trends that Dan Hates Currently. What are some companies or trends that you hate right now? Dan Kimerling: Yeah, I mean the leading indicator of that problem would be that I put out term sheets and they’re not picked up because entrepreneurs choose to work with competitors of mine that have platform services.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

reidhoffman.org

NOVEMBER 12, 2013

we weren’t the natural leader of a market or technology trend that everyone was paying attention to, we didn’t have substantial organic growth, and. In order to believe that LinkedIn was a good investment, our investors would need to believe that there was a broad trend of moving from directories to networks (1.0 we had no revenue.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

David Teten

DECEMBER 3, 2019

To quantify consumer trends and market opportunities, useful tools for “top down” assessments include IBIS World and eMarketer. Atlassian open-sourced their M&A term sheet , a very aggressive move which helps smooth the M&A process, by reducing the number of degrees of freedom in a negotiation.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

www.vccafe.com

MARCH 11, 2013

WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? In addition, TheFunded.com allows entrepreneurs to view and share term sheets, to assist one other finding good investor, and to discuss the many facets of operating a business.

Software Review 53

Software Review Technical Review Startup 53

VC Adventure

AUGUST 24, 2011

when the Dow drops 10% it’s not like term sheets headed out the door that week do the same). money to invest) this is likely only to effect the company fundraising market if the downturn is a sustained one vs. simply short term market volatility. For starters, don’t panic!

Marketing 85

Marketing Silicon Valley Valuation Portfolio 85

Both Sides of the Table

MAY 25, 2013

Many entrepreneurs come by with great pitches and say, “I’m hoping to have term sheets in the next 30 days.” Even though I know this sucks when you’re an entrepreneur and just want the money deposited tomorrow so you can get back to running your businesses. Shame on you.

LP 374

LP Later Stage IRR Term Sheet 374

Both Sides of the Table

AUGUST 1, 2010

They either do too many seed investments (for which they can spend no quality time with any) or they treat it as an option (“if you succeed come back and see us and we’ll match any term sheet you get&# ) – they view it as a sort of “right of first refusal.&#. The signaling affect is overrated.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

Rob Go

APRIL 19, 2017

Just last week, Axios announced that Stephen Marcus is raising a fund called Riot Ventures and Term Sheet announced that Nilanjana Bhowmik from Longworth will be joining Converge. I’m hoping that this trend continues. There are a lot of new folks in the space. First Star Ventures (FKA Procyon).

Early Stage 34

Early Stage Boston Artificial Inteligence Term Sheet 34

Hunter Walker

APRIL 27, 2014

We’ve continued to refine our process so we make best use of entrepreneur’s time and move as fast – or faster – than the market in getting a term sheet to the teams we want to back. Over the first year we’ve seen a steady increase in number of opportunities (thank you founders and co-investors!).

LP 97

LP Cofounder Term Sheet Valuation 97

Altgate

JANUARY 21, 2010

Open source is the wrong term though; instead is probably better to say automate since LegalZoom and others are doing the same thing but commercially.

Open Source 33

Open Source Term Sheet HTML Venture Capital 33

VC Adventure

AUGUST 24, 2011

when the Dow drops 10% it’s not like term sheets headed out the door that week do the same). money to invest) this is likely only to effect the company fundraising market if the downturn is a sustained one vs. simply short term market volatility. For starters, don’t panic!

Marketing 48

Marketing Silicon Valley Valuation Portfolio 48

Venture Chronicles

JULY 16, 2010

Death by VC is a growing trend and is the result of a VC pulling the plug on a company for reasons not related to simply running out of cash and not developing a viable business. The second scenario is the pulled term sheet. It’s the nuclear scenario.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

K9 Ventures

OCTOBER 10, 2017

I’ve been an avid reader of Dan’s Term Sheet while he was at Fortune , and now Pro Rata at Axios. This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. So, I’d like to thank Dan for shocking me into action.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Pascal's View

NOVEMBER 15, 2011

Dan Primack posted an article in Term Sheet last week titled Yelp This: IPO Market Is Killing It. And, just to be sure this isn’t a one-week trend, pre-revenue BioAmber today filed for a $160 million offering. ” In my view, it is all about structure– the U.S. In that case, what say you dissenters?’

IPO 31

IPO Term Sheet Marketing United States 31

Startup Company Lawyer

JANUARY 9, 2011

Over the last 12 months, I’ve noticed a trend where early-stage startup companies raise seed financings of between $250K and $1M using a convertible note with a price cap. An example of a term sheet provision to provide for the conversion discount to be paid in common stock and the math involved is below.

Liquidation Preference 57

Liquidation Preference Finance Preferred Stock Common Stock 57