Both Sides of the Table

FEBRUARY 25, 2010

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. When Salesforce.com decided to buy my company in December 2006 I dropped everything and focused religiously on closure. We ended up agreeing a term sheet for $16.5 million at a $15 million pre-money valuation.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Lightspeed Venture Partners

SEPTEMBER 21, 2013

In these industries, even if startups are smart and nimble and innovate quickly, they can have a tough time creating long term enterprise value. The product was introduced in 2006 and created a whole new category of easy to use video cameras. The startup did everything right (including selling at the right time fortunately!),

Pre-Money Valuation 167

Pre-Money Valuation Valuation Dilution Distribution 167

Feld Thoughts

AUGUST 2, 2010

Dave McClure: MoneyBall for Startups: Invest BEFORE Product/Market Fit, Double-Down AFTER. In addition, I’ve made many seed investments as an angel investor in two time periods,1994-1996 and 2006-2007, and seen many more through my involvement as a co-founder of TechStars. ?Our each are equally happy situations.)

Angel Investor 152

Angel Investor Cofounder Syndicate Syndication 152