David Teten

JULY 25, 2017

Large private equity funds like KKR can afford to pursue a consulting model ( Capstone ), typically with associated fees, but that doesn’t normally make economic sense for a VC. the “TOPSCAN” framework from my research study on value creation by VCs ): T eam-Building – We aggregate openings across our portfolio on our jobs page.

Portfolio 60

Portfolio Technical Review Private Equity Database 60

VC Adventure

AUGUST 15, 2018

Most boards did some level of work to determine the FMV of a company’s stock but generally options were priced between 10% and 15% of a company’s then preferred price (because common equity sits behind preferred equity there is typically a discount applied to the FMV of common stock to account for this “overhang”).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

Austin Startup

JULY 6, 2018

The below outlines how I would approach the decision: Cash and Equity. Very simply, what are you giving and what are you getting in return in terms of cash and equity for joining the program? This is something you should walk through with an experienced advisor, lawyer or otherwise, to prevent surprises.

Dilution 48

Dilution Startup Technical Review Equity 48

Agile VC

OCTOBER 23, 2012

And even if they wanted the index return, there is essentially no way to buy (or sell) a broad-based basket of VC funds in the way you can trade the S&P 500 or Russell 2000 or other public equity index. What about fund of funds (FoF), you ask? Aren’t they a form of bundled investment into the VC asset class?

LP 176

LP Accredited Investor Carried Interest Portfolio 176

Both Sides of the Table

SEPTEMBER 29, 2013

With angel money being “packaged” and aggregated into large bundles it makes it easier for angels to ask for rights it might not otherwise have. In most deals angels have few rights. One of the most important rights is “pro-rata” rights to invest in subsequent rounds. Of course the same goes with traditional VCs.

Syndicate 356

Syndicate Syndication Cofounder Early Stage 356

Hippoland

JANUARY 4, 2017

Equity Traditionally, investors have invested in companies to receive equity, or shares in a company. The concept of equity rounds (also called priced rounds) is very straightforward. And as you raise money at later stages, you will most likely be raising equity rounds. The results are binary.

Convertible Security 48

Convertible Security Equity Security Silicon Valley 48

ReadWriteStart

SEPTEMBER 8, 2011

Auren Hoffman is the CEO of Rapleaf , a personal-data aggregator that has been the subject of a remarkable amount of controversy but is wildly useful as a data provider to must-see apps like Rapportive and Gist. Give early employees as much equity as you can - and reup them over time. Then you know where they're at.

Silicon Valley 130

Silicon Valley Hiring Technical Review Due Diligence 130

ReadWriteStart

APRIL 5, 2012

On Wednesday, a group of 13 companies presented to 50 investors, looking to raise an aggregate of $16 million in capital. Those who are accepted will receive an investment of $50,000 in return for some equity in their companies and intensive mentoring at its downtown offices, as we wrote about last year here.

St. Louis 127

St. Louis Kansas City Technical Review Kansas 127

The Equity Kicker

JUNE 6, 2016

When I look in my traffic sources now it’s all Twitter, Facebook, Google and aggregators like Mattermark, channels where posting daily makes much less of a difference. So I’ve posted pretty much every working day for nearly ten years now. But the world has changed.

Equity 60

Equity Aggregator Valuation Distribution 60

VC Adventure

MAY 10, 2020

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500.

SBA 79

SBA Affiliate Los Angeles Cap Table 79

YoungUpstarts

FEBRUARY 18, 2020

He has been involved in Texas real estate since 2003, and has acquired several apartment complexes in aggregate of over 4000 units and several commercial properties by co-investing with private equity groups, pension funds, sovereign wealth funds, family offices, and accredited investors.

Accredited Investor 147

Accredited Investor India Private Equity Cofounder 147

Steve Blank

APRIL 14, 2013

And they were increasing at an aggregate 33 million IOS and Android activations per month. Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company.

China 323

China Silicon Valley Non-Compete Intellectual Property 323

David Teten

JULY 14, 2014

What that means is that a traditional 80% / 20% equity bond portfolio is set to lose a lot more money in a crisis than most investors are comfortable with. Katina Stefanova : The government is looking for effective ways to increase transparency in the aggregate risk of the system and hold investment managers accountable.

Management 114

Management Portfolio Institutional Investors Government 114

SiliconHills

JUNE 26, 2018

Newchip, the online platform that aggregates crowdfunding deals, announced recently that it has closed on $2 million in seed funding. Austin-based Newchip also launched an equity-based crowdfunding campaign on Wefunder. Wefunder is an equity-based crowdfunding platform that lets people invest as little […].

Seed Stage 48

Seed Stage Campaign Aggregator Equity 48

Startup Professionals Musings

SEPTEMBER 1, 2014

Direct seed funding, for a share of the equity, and introductions to investors. As evidence that it does work, TechCrunch recently aggregated the combined valuation of YCombinator graduates at $14.4 Mentoring and technical assistance from volunteer or paid experts. Health, life, and other insurance at group rates.

Incubator 247

Incubator Silicon Valley Startup Small Business Administration 247

View from Seed

MARCH 5, 2019

So it’s not really the case that Lyft’s riders (in aggregate) are using the service more often, but rather Lyft is getting much better at netting more revenue per active rider. Again as I highlighted above, in aggregate Lyft’s users aren’t taking dramatically more rides today then they were 3+ years ago. So what about those cohorts?

Aggregator 120

Aggregator IPO .Net Revenue 120

David Teten

SEPTEMBER 11, 2019

billion, and 12 have been acquired for more than $6 billion in aggregate since presenting at the AIR Summit. I will be speaking on “ Quant Investing in Private Markets: How Private Equity and VC Investors are Using Technology and Analytics to Drive Returns ”. . That’s a better track record than many VCs!).

Private Equity 60

Private Equity Cofounder Aggregator Equity 60

YoungUpstarts

JANUARY 7, 2013

These are the trends that online retail sites such as New Delhi-based ShopAtPlaces.com are riding on. They also found that the prices at which those products were manufactured and sold at the places famous for them was nothing as compared to the prices at which customers could buy them in other parts of the country.

India 217

India Private Equity Aggregator Mobile 217

Steve Blank

APRIL 14, 2013

And they were increasing at an aggregate 33 million IOS and Android activations per month. Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company.

China 215

China Silicon Valley Non-Compete Intellectual Property 215

Agile VC

APRIL 17, 2011

How They Do It: Aggregate data from travel data warehouses like ITA as well as indexing travel providers websites, provide this information to consumers in a highly customizable search engine. Filing Date: initial S-1 filed Nov 17, 2010 , updated March 9, 2011. Founding Date: 2004. Headquarters: Norwalk, CT & Concord, MA.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Agile VC

MARCH 5, 2019

So it’s not really the case that Lyft’s riders (in aggregate) are using the service more often, but rather Lyft is getting much better at netting more revenue per active rider. Again as I highlighted above, in aggregate Lyft’s users aren’t taking dramatically more rides today then they were 3+ years ago. So what about those cohorts?

Aggregator 100

Aggregator .Net Revenue IPO 100

The Next Web

JANUARY 14, 2014

It aligns his interest with the equity holders. Few startups are transparent when it comes to salaries, so it’s interesting to see at least some aggregate data about the salary landscape as a whole. The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money.

Salary 167

Salary Silicon Valley San Francisco Founder 167

Scott Edward Walker

JUNE 9, 2019

For example, if an investor owns 20% of the equity of a startup on a fully-diluted basis following the closing of a Series A round, it will have the right to purchase 20% of the shares of the preferred stock issued in the subsequent Series B round. This is a huge red flag and founders should push back very hard.

Preferred Stock 56

Preferred Stock Term Sheet Dilution Stock 56

Agile VC

NOVEMBER 6, 2013

Well it’s not clear that media businesses, in aggregate, are inherently more valuable than e-commerce or premium services companies in aggregate [see Note 1 below regarding categorization]. To be fair the broad equity markets are up strongly over this time period, but clearly growth has been strongly favored.

IPO 194

IPO Aggregator B2B Internet 194

ReadWriteStart

JUNE 4, 2012

It makes it legal for crowdfunding sites to give actual equity to investors - not just thank-you gifts such as T-shirts and coffee mugs - and it’s expected to draw a vast amount of capital to crowdfunding. In the past couple of weeks alone, two new equity-model crowdfunding sites have gone live, Fundable and CrowdFunder.

SEC 143

SEC Equity Aggregator Forecast 143

Feld Thoughts

SEPTEMBER 27, 2011

In today’s installment of our convertible debt series, we cover a specific case where the company is acquired before the debt converts into equity. They either get a multiple payout on the debt, or get the equity upside based on the previous preferred round price. There are a few different scenarios.

Conversion 96

Conversion Sales Later Stage Preferred Stock 96

Both Sides of the Table

OCTOBER 17, 2019

At Upfront when we know we have a winning hand we prefer to put more capital to work, which both helps the entrepreneurs succeed and drives more aggregate financial returns for our LPs. Some prefer to get in, buy cheap and show a big multiple.

IP 223

IP Intellectual Property IRR Cofounder 223

David Teten

MAY 8, 2012

Currently, these Crowdfunding sites don’t give donors any equity in the companies. As an alternative, entrepreneurs have been using crowdfunding sites like Indiegogo , one of our portfolio companies, to raise money for their companies through online donations.

Securities and Exchange Commission 148

Securities and Exchange Commission IRR Entrepreneur Angel Investor 148

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. (To see the video above, please click the image, and then click on the Play button.).

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

JUNE 1, 2011

I enjoyed participating in last week’s Capital Roundtable Private Equity Masterclass on “ Best Practices for Sourcing Quality Deal Flow & Developing New Business ” (May 26 th , 2011). Deal aggregation websites Increasing in popularity, trying to increase market efficiency. View more presentations. Intermediaries.

Private Equity 122

Private Equity Deal Flow Equity Developer 122

YoungUpstarts

APRIL 12, 2016

These findings are informative, but often consist of aggregated data and use sophisticated statistical techniques to infer or explain what is going on with customers. To augment performance data, almost all companies use various forms of customer research, surveys, focus groups, mystery shoppers, and other techniques.

Customer 100

Customer Private Equity Miami Warrant 100

VC Adventure

DECEMBER 2, 2014

A joint effort between The Entrepreneurs Foundation of Colorado , The Salesforce Foundation and The Atlassian Foundation , Pledge 1% encourages entrepreneurs and companies to give back to their local communities through a gift of equity, profits and/or product.

Colorado 87

Colorado Aggregator Stock Equity 87

Start Up Blog

MARCH 29, 2020

Many of the parts that make an economy are real – like people – but much of it is just aggregated concepts for which measurements are possible. These equity positions should take the form of preferred convertible stock. While an economy can grow or decline – it’s an abstract concept.

Government 87

Government Australia Denmark Balance Sheet 87

Up and Running

JUNE 23, 2015

“It took an enormous investment of sweat equity on both our parts,” Allyson admits. 90 percent of our clients are ordering more than one product at a time, so we’re an aggregator. 90 percent of our clients are ordering more than one product at a time, so we’re an aggregator.

Cofounder 60

Cofounder Sweat Equity Social Media Business Model 60

Venture Chronicles

MAY 26, 2010

Venture math is really simple, if you raise $10 million for a company that is valued at $10 million “pre-money&# then you have sold 50% of the equity to the new investors. I’d be willing to bet that more investors lose a great amount of aggregate capital here than at any other stage. pre-money then you have sold 75%.

Lean 40

Lean Early Stage Valuation Startup 40

David Teten

FEBRUARY 7, 2012

Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. Before making the decision to join ff Venture Capital , I did some research on early-stage tech investing as an asset class and how it’s evolving. What was striking was what an attractive asset class it was.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

The Equity Kicker

NOVEMBER 24, 2015

To start with they were aggregators in the same way as cable companies were aggregators and they competed with traditional TV companies for content – a happy world for content producers like Disney. That points to a significant part of the market going on a pay-per-view model.

Aggregator 60

Aggregator Lean Web Partner 60