Steve Blank
OCTOBER 24, 2017
Why do these founders get to stay around? Because the balance of power has dramatically shifted from investors to founders. VCs competing for unicorn investments have given founders control of the board. For three decades (1978-2008), investors controlled the board. This seems to be occurring more and more. Board Control.
Agile VC
APRIL 17, 2011
Kayak was started here in my backyard of Boston… co-founder & CTO Paul English and the product/engineering team is based here in Concord MA. Co-founder & CEO Steve Hafner and the business team are based in Norwalk, CT. Revenue growth: 51% YoY (2010), 1% YoY (2009), 131% YoY (2008). Series A Preferred.
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Startup Company Lawyer
MARCH 14, 2010
Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). To differentiate it from typical “Series A&# preferred stock, which comes with certain expectations with regard to rights. Why is it called Series Seed?
thestartuplawyer.com
FEBRUARY 24, 2010
He obviously never launched a startup and got shafted by a co-founder. He obviously never launched a startup and got shafted by a co-founder. He obviously never launched a startup and got shafted by a co-founder. You can start by examining every aspect of the co-founder relationship. And that’s a big mistake.
Both Sides of the Table
APRIL 14, 2010
Many companies that are raising B or C venture capital rounds right now raised their initial money in 2005-2008. It will usually be higher because the liquidation preference has a dividend so if the deal is long in the tooth assume that the liquidation preference might be $20-22 million. It is 2010. before the world changed).
Ben's Blog
JULY 16, 2013
3/31/2008: 19.1. In fact, if you are like most companies, your managers probably implied to your employees that your stock price would only rise as long as you were private. They might have said something ridiculous like: “Based on the current price of the preferred stock, your offer is already worth $5M.” Silly them.
Both Sides of the Table
SEPTEMBER 5, 2012
A standard entrepreneur retort I heard back then (2008-09) was “I don’t know what my company is worth now. ” And some seed stage investors told me, “I prefer not to fight over price now. Convertible debt WITH a cap is stupid for founders. Investors call Bull Cap. Enter “the cap.”
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