Feld Thoughts

FEBRUARY 9, 2016

Much of it is very short term focused and, like a giant tractor beam, draws the conversation into a very short time horizon (as in days or weeks). Then, if you end up doing a down round, it suddenly matters a lot. Don’t worry about this too much, until you do a down round.

Cap Table 70

Cap Table Down Round Liquidation Preference Founder 70

Both Sides of the Table

SEPTEMBER 28, 2014

Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. We want money to make some acquisitions (investors would prefer to fund M&A if they know specific deals – not to encourage bad behavior. We want a strong balance sheet (um, ok.

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

Hunter Walker

AUGUST 8, 2023

Satya and I were having lunch (yummy Chinese food) with our LPAC and the conversation turned to generally “how much more did venture portfolios have to fall before they found their true current value?” Restructures, Down Rounds, and Pay to Plays. Soft Acquisition Market.

Portfolio 97

Portfolio Cap Table LP Valuation 97

Steve Blank

NOVEMBER 2, 2009

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) What’s the customer acquisition cost? Who influences a sale? Who recommends a sale? Who is the decision maker? Who is the economic buyer?

Lean 260

Lean Silicon Valley Startup RSS 260

ithacaVC

NOVEMBER 14, 2014

Here is Walla’s post: I can’t tell you how many times I’ve had this conversation. A founder is about to raise their first round and asking me how to value their company. [1]. Acquisitions of other companies like you. Hopefully, it’s in high demand for good reasons, otherwise you risk a down round in the future.

Valuation 69

Valuation Startup Down Round Early Stage 69

www.quora.com

SEPTEMBER 22, 2011

1 vote by Jüri Kaljundi Having been through a company that was a large acquisition (Right M. Even if your company succeeds, there is absolutely no guarantee your equity will not be wiped out in a down round. more) Sign up for free to read the full text. Login if you already have an account. This answer.

Equity 40

Equity Employee Founder Cofounder 40