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The Changing Structure of the VC Industry

Both Sides of the Table

” The pioneering fund of funds realize that their source of differentiation is much more about the latter than the former. 2007 was the watershed year. It’s hard to work out the cap table with your peers when one of them has no real intent in fixing the problem.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

In both of these scenarios angels made great returns precisely because they didn’t need to dip their hands into their pockets a second or third time, their companies didn’t go bankrupt and they didn’t get buried in the cap tables by large VCs who put in “pay to play” provisions in tough times. So where are we now? It’s hard to say.

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Customers Love Free Stuff … But That’s Not Your Problem

abovethecrowd.com

These are the parties on the cap table prior to the transaction. If they have worked in business for 20 years, you have an 700-1 experience differential right out of the gate. It took courage for Zach Nelson and the team at Netsuite to also use a Dutch Auction in 2007. Party B: The investment banks.

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