Steve Blank

APRIL 1, 2020

Some VC’s are walking away from signed term sheets. Remember, a year from now no one wants to be the CEO of a company out of business whose lament is, “I did what the board told me to do.”. Days 3 and 4: Prepare new business model and operating plan. Others are cutting their valuations.

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South Korea Salary Business Model China 333

Steve Blank

JANUARY 4, 2010

Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. They used Customer and Agile development to search for a scalable and repeatable business model to become a large company. The Internet has created a series of new and innovative business models.

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Hockey Stick Venture Capital Startup Cofounder 276

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! What key hires do you need? Raise more money than you need because your business model may change.

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CTO Hire Cofounder Fractional CTO San Francisco 40

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. We make fast, data-driven credit decisions for these types of businesses and show Founders how the math/ROI works. We’re also regularly following-on for existing portfolio companies.”.

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Revenue Technical Review Software Review Equity 60

This is going to be BIG.

MAY 26, 2022

They’ll obviously see the value of what you built and will be compelled to offer a term sheet on the spot. If you raised the same sized seed round as everyone else, you can only hire so many salespeople, put so much into marketing, and those resources can only grab so many customers in an efficient market for people’s time.

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Founder .Net Term Sheet Aggregator 103

Up and Running

JULY 26, 2013

A: Just focus on the market need, your business model, your team, what you’ve accomplished to date that is relevant to the investment, and your funding needs. Most sophisticated investors will already have terms they typically prefer in a deal, but they should be open to discussion.

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Elevator Pitch Angel Investor Term Sheet Business Model 79

www.xconomy.com

JUNE 9, 2012

Q&A: Group Commerce Plans Hires, European Growth with $21M Funding. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing. View More in Boston ›.

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San Diego Venture Capital Technical Review San Francisco 40

K9 Ventures

JUNE 30, 2016

Now, what do you do when you get an email from a VC firm, that says something like: Dear <Founder’s Name>, We recently came across your company in {TechCrunch | Term Sheet | StrictlyVC}. Saw that you’ve raised a seed round and are building a AI platform for chatbots. Why does this happen? .

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Email Database Term Sheet Partner 96

Reid Hoffman

JULY 27, 2021

If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. What business schools can provide is an opportunity to learn a set of skills that can be helpful on the entrepreneurial journey. In other words, execution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

If they don’t have the right skills or resources, they’ll pick them up along the way by hiring someone, partnering with someone, or just learning it themselves. What business schools can provide is an opportunity to learn a set of skills that can be helpful on the entrepreneurial journey. In other words, execution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

reidhoffman.org

NOVEMBER 12, 2013

But with so many investors still licking their wounds from the dot-com bust, many focused on proven business models, such as advertising or e-commerce. The general rule is one business model drives the business. As it happened, we did end up pursuing all three lines of business.

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Entrepreneur Revenue Viral Networking 111

Tim Keane

FEBRUARY 3, 2010

« Term-sheets and Valuations: Thinking about Negotiations | Main. |   If we time these cash flows correctly, we can hire 5 new reps per month.    If we time these cash flows correctly, we can hire 5 new reps per month.  Startups and angels: Along the way to success. » February 03, 2010.

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Marketing Wisconsin Startup Angel Investor 116

Steve Blank

FEBRUARY 26, 2020

For a Series A round you want to prove you have built a repeatable and scalable sales/revenue model and understand all parts of the business model. Series B is about proving your net revenue model (can you be profitable?). Team, Product, Traction, Business Model and Market. Business Model.

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Cofounder Seed Stage Valuation Metrics 429

This is going to be BIG.

JANUARY 22, 2018

If you can't handle the cold inbound, hire some help. If you can't afford it, then your firm model is broken and you should get out of the business. I offered a term sheet to lead a $1.6mm financing. However, if you don't want to evaluate your inbound deal opportunities, that's the job, my friend.

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Founder Conversion Naming Term Sheet 100

Startup Lessons Learned

MAY 31, 2019

Having been through the company-building process myself and after a decade in VC working with thousands of companies and negotiating hundreds of term sheets, I wrote this book to help demystify the process. That is the nature of this business - starting a company is incredibly hard. No need to name names.

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Lean Venture Capital Conversion IPO 108

David Teten

DECEMBER 3, 2019

Technographics vendors such as Builtwith , Datanyze , HG Data , Stackshare, and Stacklist help CEOs identify the right tech platform on which to build their business; they’re also helpful for investors to due diligence a company’s tech stack choices. ff Venture Capital hired two full-time engineers to build out Totem.

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Technical Review Software Review Analytics Private Equity 78

grasshopperherder.com

SEPTEMBER 24, 2011

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. Out of fairness, that’s why they wanted to hire me, to fix that issue. If I can copy your business by just looking around, then your company isn’t going anywhere anyway.

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Sweat Equity Equity Cofounder Non-Compete 41

Up and Running

MARCH 29, 2017

At the same time, I was starting to realize that both the elegance of cloud-based software and the business models it enabled were what really got me excited. Small business owners are notorious for being fickle about the software that they use and even if you can get a user to stick around, they still might go out of business.

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Term Sheet Venture Capital Liquidation Preference Valuation 60

steveblank.com

JULY 8, 2011

– Mike [link] Reply Jeff Skinner , on May 24, 2010 at 9:28 am said: Steve, you don’t know me though I use your ‘Customer Development process’ video in my classes (Entrepreneurship at London Business School). Jeff skinner Faculty, London Business School. Can we touch base on this.

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Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

find/hire freelancers. hire low-cost international engineering talent. outsourcing for small business. VWorker - find/hire freelancers. TechStars Model Seed Funding Documents â?? WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. broken vc model. Business Culture.

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Software Review Technical Review Startup 53