Keep Term Sheets Simple for Quicker Cash to Spend
OCTOBER 17, 2011
Remember a term sheet agreement is not a deal until the check clears. Due diligence and paperwork take time, and can change everything.
Knowledge Is Power: Convertible Note Financing Terms, Part II
OCTOBER 5, 2011
In this installment, I’ll dig into the “how” by dissecting an example term sheet based on a real deal. This may seem like a no-brainer now that you understand the basic structure of a convertible debt financing. These deal terms are simple but significant. This paragraph is the heart of the whole deal.
Later-stage rounds and “setting the bar too high”
DECEMBER 13, 2011
Note that I have no connection to Dropbox so am just assuming standard deal structure and basing numbers on public reports. startups
How to value your company for sale (Part 2)
A Smart Bear: Startups and Marketing for Geeks
JUNE 27, 2011
Remember how the buyer has his own way of valuing the deal ? Would you take a lower “number to get Deal B? Do you prefer Deal B?
A Summary of Current Trends in Canadian Mergers and Acquisitions - 2011
Recent Buzzes - VC Experts, Inc.
APRIL 14, 2011
With keen international interest in Canada's resource sector, the return of financial buyers, strategic investors looking to pursue acquisitions as a means of increasing earnings, and the recent uptick in Canadian "mega-deal" activity, there is no better time to discuss the M&A trends unfolding in 2011. HOSTILE DEALS. targets.
10 Tips for Startups Raising Money from Angels
SEPTEMBER 6, 2011
Deal structure – I could write a full post just on this, but some aspects that were brought up are the need to agree on a reasonable valuation, what investment vehicles are used (convertible debt vs stock, options and warrants and other non-dilutive mechanisms). 10 tips for raising money from business angels.
From demo day to dollars!
NOVEMBER 10, 2011
If you can agree on a deal with that person you can use that to get people on board. (photo courtesy of Heri at Montreal Tech Watch ).
Dialing for Dollars
DECEMBER 20, 2011
Having a business advisorand a great corporate counsel is important to the final deals structure. One local VC indicated they review more than 600 deals per year andinvest in around 6. As statedbefore, your startup will have little or no money for the first severalmonths. These dealscan take many forms.
Why Leave A Six Figure Corporate Job For Internet Entrepreneurship?
Entrepreneurs-Journey.com by Yaro Starak
JANUARY 21, 2011
I travelled all over the world wherever business deals were happening, gained tremendous experience and exposure to the Corporate landscape, and learned invaluable life lessons in my career. I worked out a similar deal the next go around, and the snowball started rolling from there. It turns out Sunil has done a few things. Nowhere.
Book: The Business of Venture Capital
JANUARY 2, 2012
In the fall of 2010 Mahendra Ramsinghani reached out to me by email about a new book he was working on called The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies. In June 2011 Mahendra sent me and Seth a final draft of the book.
Knowledge Is Power: Convertible Note Financing Terms, Part V
OCTOBER 26, 2011
As we conclude our convertible note financing series, there are assorted terms commonly seen in term sheets and deal documents that are worth touching on briefly. It’s common to skip the questionnaire when dealing with “known quantity” institutional investors provided they are willing to make the representations in the purchase agreement.
Knowledge Is Power: Convertible Note Financing Terms, Part IV
OCTOBER 21, 2011
To account for scenarios in which the startup is acquired before it has a chance to complete a priced equity financing round, most term sheets and deal documents contain a “ change in control ” provision. Invested Interests angel investment deal terms fundraising startups venture capitalMost would agree this is not a fair outcome.
Startup Blog: 7 Questions You May Get from Potential Investors
APRIL 20, 2011
I also try very hard to not give the answer unless we are approaching the investors with a very specific deal structure for the investment.
Include Deal Terms or Not?
AUGUST 16, 2011
I had a discussion the other night with an entrepreneur about whether to include specific deal terms in the pitch deck or investor meetings.
Walker Twitter Highlights: August 11th – 21st
Scott Edward Walker
AUGUST 22, 2011
prAYlf Quora-Related Quora: What deal structure should be in place for a friend/family investment of < 20k in your startup? I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. ” -Warren Buffett nyti.ms/rrLud7
Knowing When It’s Time To Sell Your Startup
NOVEMBER 13, 2012
In 2011, Microsoft bought Skype for $8.5 This deal-of-the-day service was founded in November 2008 and quickly became a sensation. Skype.
Are Investors Being Unreasonable? - Startups and angels: Along the.
AUGUST 20, 2009
Ask any of us who've experienced significant down rounds based on some or all of these things, and one begins to understand the cautionary nature of deal structures. Many I know will actively seek deals to work on that are run by fun, engaging people who are eager to grow the business and know what they're doing.
Cracking The Code: The Bessemer 10 laws of SaaS - Fall 2008.
Cracking the Code
OCTOBER 10, 2008
A simple example would be if Customer A signs a one-year deal at $10,000 per month, and Customer B signs a three-year deal at $5,000 per month.