Both Sides of the Table

APRIL 27, 2014

Seed investors are aplenty and of course they need downstream money to fuel their early-stage bets. Angels have been prolific for years now and they, too, rely on downstream money to cover their bets. Co-founder discontent. What would this founder do if he got an offer to be acquihired quickly by Facebook?

Cofounder 374

Cofounder Syndicate Syndication Early Stage 374

Feld Thoughts

OCTOBER 1, 2015

The co-founders are Greg Gottesman, Geoff Entress, Mike Galgon, and Ben Gilbert. Greg is a co-founder of Madrona and long-time VC. Geoff worked with Greg at Madrona for a decade and is one of the most prolific and successful angel investors in the Pacific Northwest. Ben was a co-founder of Madrona Labs with Greg.

Seattle 70

Seattle San Francisco Angel Investor Syndicate 70

Rob Go

OCTOBER 12, 2016

Nearly all seed rounds we are a part of include angel investors. In almost all of these cases, these smaller investors were included into a syndicate because they “added value” either through domain or functional expertise or through their network. Sometimes, founders take a shotgun approach.

Angel Investor 28

Angel Investor Syndicate Syndication Seed Stage 28

ReadWriteStart

APRIL 13, 2012

In 1998, before they even incorporated, Google founders Sergey Brin and Larry Page were trying to present their concept to early-stage, or "angel" investors, with limited success. Sun Microsystems co-founder Andy Bechtolsheim was one such angel. So what do angels want? What's your end game?

Angel Investor 128

Angel Investor Syndicate Syndication Exit Strategy 128

Feld Thoughts

AUGUST 10, 2010

In this case neither Niel (nor I) had any interest in creating a traditional syndicate to fund the company. Niel and I hammered out a second financing in similar fashion (again around the Foundry conference table, this time without the need for an angel roadshow). Executing against that idea is another matter.

Syndicate 120

Syndicate Syndication Angel Financing Finance 120

Rob Go

JANUARY 27, 2014

Many of them for the better, as there has been a great surge in great talent going after big ideas and greater access to capital at the early stages. It’s an exciting time to be an entrepreneur and investor in this ecosystem. In the early stages, entrepreneurs have historically known who all their investors are.

Syndicate 73

Syndicate Syndication Early Stage Cap Table 73

Professor VC

APRIL 1, 2010

It had a good mix of viewpoints with east ( James Geshwiler, Common Angels ) and west coast (yours truly) angels, early stage venture capitalist ( Jason Mendelson, Foundry Group ), and a couple of attorneys ( Dan Hansen and Mario Rosati ). What does it take to be an Angel Investor? Steve Bennet. at 11:15 AM.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Austin Startup

MARCH 7, 2021

Austin, Dallas, Houston, San Antonio form a massive startup Megalopolis that is attracting top talent, impact-focused investors, and the most innovative companies in the world. Startups and investors should treat Texas like one big city. Joe Lonsdale. Drew Houston. Jim Breyer. Charles Schwab. Hewlett Packard. Who’s next?

Texas 90

Texas San Antonio Houston Dallas 90

Berkonomics

DECEMBER 17, 2020

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. Friends and family investors. Here is a class of investor we’ve covered before, one usually focused upon you and less upon your business case. Angel investment groups or funds.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

Professor VC

JANUARY 17, 2008

Touched by an Angel. I think the title of this post is a TV show, but fitting as there has been much debate in the venture community as to the whether angel investors are good or bad for entrepreneurs and VCs. What would the VC corollary to Touched by an Angel, be. Thursday, January 17, 2008. return on investment after 3.5

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

View from Seed

AUGUST 26, 2015

And although this is written for angel investors, I think entrepreneurs can only benefit by increasing their knowledge around these investors and hope you’ll continue reading if that’s you. They also want to help founders and want their products and services to exist. Outcomes in angel investing exhibit a power law.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

View from Seed

AUGUST 26, 2015

And although this is written for angel investors, I think entrepreneurs can only benefit by increasing their knowledge around these investors and hope you’ll continue reading if that’s you. They also want to help founders and want their products and services to exist. Outcomes in angel investing exhibit a power law.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

View from Seed

MAY 29, 2019

Historically, seed rounds were syndicated among several different firms. Early seed funds and super-angels typically wrote $250-$500K checks, and rounds of $2–3M would be composed of 3–4 funds collaborating together along with a handful of angels. Is This is Good or Bad for Founders?

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Gust

OCTOBER 20, 2011

Individual accredited investors in typical angel deals put personal capital at risk for an equity share of growth-oriented, start-up companies. These angel investors generally invest $25,000 to $100,000 in a round totaling $250,000 to $1,000,000. A local network of angels is critical to achieving a diversified portfolio.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

www.paulgraham.com

APRIL 28, 2010

I think it would help founders to understand funding better—notjust the mechanics of it, but what investors are thinking. And if trouble withinvestors is one of the biggest threats to a startup, managing themis one of the most important skills founders need to learn. Angel Investors Angels are individual rich people.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

David Teten

FEBRUARY 3, 2014

Annual Deal Pipeline for Selected VCs and Angel Investor Groups. Acquirer/ Investor. Angel groups using Gust. Their late stage deals outside of the venture centers outperform by ~5% vs. those in the venture centers; early stage deals outperformed by ~4%. ff Venture Capital. First Round Capital.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Professor VC

JUNE 20, 2011

Since the iControl system chronicles all meetings, I was able to find the automatic picture snapped from my first meeting with the founders, Reza Raji and Chris Stevens on April 22, 2004. Series B and the $5M Series A , there were angels writing checks with many less 0s. What does it take to be an Angel Investor?

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Feld Thoughts

JANUARY 5, 2016

After two years of a dedicated experiment, we’ve decided to stop making new investments via our FG Angels Syndicate. The Monday after AngelList announced their Syndicate product in September 2013 we decided to to jump in with both feet and start FG Angels. Average syndicate investment amount per deal: $316k.

Syndicate 70

Syndicate Syndication Angel Investor Portfolio 70

www.paulgraham.com

APRIL 28, 2010

When youhear people talking about a successful angel investor, theyre notsaying "He got a 4x liquidation preference." Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms. Dont feel like you have to join a syndicate, though. How much does an angel invest?

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

VC Cafe

FEBRUARY 6, 2011

Jussi Laakkonen , CEO & founder of Applifie, summarized it well: We recently raised our seed round at Applifier and it was led by a silicon valley seed fund MHS Capital, whose general partner is Mark Sugarman. If you are in the very early stages with your company and there are no major reasons (e.g. If not, raise locally.

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

mashable.com

SEPTEMBER 14, 2011

For example, angel funding is more prevalent in the United States than in Europe. Also make sure to research which type of investors fit your business. In other words, angel investors and early stage venture capital (VC) firms will have different expectations than late stage VC firms. startupcto

France 77

France Marketing Social Media Startup 77

Feld Thoughts

JULY 14, 2015

The first release is underwhelming, but they iterate aggressively, with feedback and support from some of their angel investors. One of their angel investors, who happens to be a VC firm, decides to invest another $500,000 in the company. and the investors, who put up $1m in a convertible note, get 0.1%.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

Feld Thoughts

JUNE 6, 2012

We describe Foundry Group ‘s behavior as “syndication agnostic.” ” When we make an investment, we are completely agnostic as to whether or not we have a co-investor. This is true at early stages but also true at later stages. Both are worth reading along with the comments.

Syndicate 136

Syndicate Syndication Cofounder Angel Investor 136

mashable.com

SEPTEMBER 12, 2011

I’m now in my second founder/CEO role, having raised more than $18.5 No doubt early-stage companies can be started on a shoestring by low-paid entrepreneurs, but when financing a scalable, sustainable product, a free application server won’t make much of a difference. million in venture financing. All Rights Reserved.

Startup 79

Startup Social Media RSS Social Network 79

Hunter Walker

MAY 19, 2014

It was easier to just discuss privately with other investors, but Jason Calacanis tweeted this morning about VCs trying to take entire seed rounds , and so, here it goes. And it hasn’t been a special situation such as the founder as an EIR at said fund, or having been previously backed by that fund at earlier company.

Seed Stage 99

Seed Stage Syndicate Syndication Founder 99

This is going to be BIG.

FEBRUARY 25, 2019

The issue is that nomenclature creates a certain set of expectations that founders use to allocate the most precious of their resources—their time. They want to make sure that they can achieve fundraising goals as fast as possible and I am nothing if not a passionate defender of a founder’s time.

Syndicate 109

Syndicate Syndication Angel Investor Cap Table 109

Hippoland

SEPTEMBER 17, 2017

It’s something that startup investors talk about in vague terms. Investors say things like: “This founder is very fundable” or “This founder doesn’t pattern match” Ellen Pao talks about this explicitly in the excerpt of her new book. But syndicates are logistically challenging.

Silicon Valley 48

Silicon Valley Syndicate Syndication Early Stage 48

Hippoland

SEPTEMBER 17, 2017

It’s something that startup investors talk about in vague terms. Investors say things like: “This founder is very fundable” or “This founder doesn’t pattern match” Ellen Pao talks about this explicitly in the excerpt of her new book. But syndicates are logistically challenging.

Silicon Valley 48

Silicon Valley Syndicate Syndication Angel Investor 48

SoCal CTO

AUGUST 3, 2010

Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s) - Steve Blank , July 15, 2010 If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The process is called mass syndication, or a party round.

Software Review 217

Software Review Startup Venture Capital Technical Review 217