Both Sides of the Table

AUGUST 2, 2014

The acquiring company wants 100% of the proceeds to go to founders whatever the cap table says because buyers care way more about incentivizing and locking in founders than they do about VC returns or legal provisions to protect VCs. Startup Lessons' Every circumstance is different.

Cap Table 346

Cap Table Cofounder Stock Acquisition 346

OnlyOnce

OCTOBER 28, 2021

My co-founders, I’ve worked with for an average of 15 years – we know and trust each other tremendously. And for the most part, the same is true about our cap table. No institutional debt like a messy cap table, legacy people issues, leases for offices we don’t want or need any more.

Cap Table 62

Cap Table Early Stage Cofounder Leadership 62

Pascal's View

JULY 9, 2017

Andrew Krowne and I recently co-wrote an article in Tech Crunch , Why SAFE Notes Are Not Safe for Entrepreneurs. There is nothing wrong with using a SAFE or a convertible note in a startup if you know its implications. Many entrepreneurs lose track of what they have been cooking up in the cap table.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals. Greylock Partners.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

The Next Web

OCTOBER 21, 2013

Neil Rimer is a Partner and co-founder of Index Ventures. As the European startup ecosystem matures, you would expect young entrepreneurs to enjoy ever-increasing access to useful advice from mentors, business leaders, experienced entrepreneurs, legal advisors and investors.

Cap Table 128

Cap Table Option Pool Angel Investor Entrepreneur 128

Hunter Walker

AUGUST 26, 2022

Hunter Walk: Ok, so we first met when you were leading comms at enterprise software company Box, a startup you joined when they were still pretty early and stayed at until post-IPO. But for the first time since abandoning my law school plan A, my mandate was clear: I needed to work at a startup. First, congrats! Enter Box.

IPO 91

IPO Cofounder Early Stage Portfolio 91

OnlyOnce

FEBRUARY 9, 2022

In our prior lives, the Bolster founders worked together to scale up a business called Return Path and also. worked as advisors and mentors to numerous early stage founders and startups. The one our team was particularly excited about was a concept we were calling at the time “Venture Acceleration Partners.”

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

BeyondVC

NOVEMBER 17, 2016

We each independently fell in love with enterprise software 20+ years ago as seed investors (cos like gotomeeting/Citrix, greenplum/EMC, livperson/IPO LPSN) and founders (workmarket, onforce/Adecco, spinback/buddymedia/salesf0rce) and are now benefiting from the ecosystems, knowledge and network that we’ve collectively developed.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

venturehacks.com

FEBRUARY 24, 2010

Venture Hacks Good advice for startups. SUPPORTED BY Products Archives @venturehacks Books AngelList About RSS How to pick a co-founder by Naval Ravikant on November 12th, 2009 Update : Also see our 40-minute interview on this topic. Picking a co-founder is your most important decision. but it’s manageable.

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

Steve Blank

APRIL 8, 2010

He and his co-founder were both PhD’s in applied math who believe they can make some serious inroads on next generation search. I think my startup is going to fail even before I get funded.” Then they had a five-year P&L statement, balance sheet, cash flow and cap table. Now he had my attention. It’s dynamic.

Business Model 331

Business Model Business Plan Customer Cap Table 331

David Teten

AUGUST 21, 2019

Most founders who are raising capital look first to traditional equity VCs. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. Attractive to founders in controversial sectors.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Scott Edward Walker

OCTOBER 28, 2014

This week, we present legendary angel investor Ron Conway (commonly referred to as the “ Godfather of Silicon Valley ”) and Marc Andreessen , a brilliant entrepreneur and co-founder and general partner of the venture capital firm Andreessen Horowitz. Procrastination is the devil in startups” –Ron Conway (at 5:23).

Cap Table 67

Cap Table Cofounder Silicon Valley Venture Capital 67

David Teten

OCTOBER 1, 2015

Should you co-found your company with a software development shop? I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. What are the terms of their relationship with the founder?

Software Developers 60

Software Developers Software Development Software Review Technical Cofounder 60

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

This is going to be BIG.

DECEMBER 21, 2017

Yet, the lessons learned from their $8mm round of funding announced this week are still widely applicable to every startup--particularly food startups and those in four walls retail that struggle through the traditional venture process. Here's what I think everyone involved learned in this process. You just don't know.

Cap Table 90

Cap Table Cofounder Valuation .Net 90

Version One Ventures

MAY 22, 2018

Some of the best later-stage investors walk founders through an institutionalized “reverse” pitch. If you find yourself in the fortunate position of being oversubscribed, you’ll likely look to build the best investor base and find the right partners for your journey. How do you decide who you should have in your cap table?

Cap Table 60

Cap Table Cofounder Syndicate Syndication 60

Startup Lessons Learned

JULY 11, 2019

Ann Miura-Ko is a founding partner at Floodgate , a seed-stage VC firm. She’s also a founding member of All Raise, a non-profit committed to improving diversity in both funders and founders. Ann will be speaking at this year’s Lean Startup Conference in October about all of this and more. I've been in venture now twice.

Founder 68

Founder Lean Venture Capital Cofounder 68

blog.simeonov.com

FEBRUARY 22, 2010

I have been thinking a lot recently about how to apply agile development principles to investing and key aspects of startup development such as team building. The first post is about agile startup fundraising. The follow-on post is about agile startup team building. All founders have the same agreement. Urban legends.

Founder 44

Founder Vesting Agile Startup 44

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

venturehacks.com

SEPTEMBER 22, 2011

Venture Hacks Good advice for startups. For the average startup, that would be an extraordinary bargain. It would improve the average startup’s prospects by more than 43% just to be able to say they were funded by Sequoia, even if they never actually got the money.” Ask the Attorney” – Founder Vesting.

Equity 40

Equity Cap Table Valuation RSS 40

This is going to be BIG.

NOVEMBER 16, 2023

That’s how it feels when your hot deal from two years ago winds up running low on cash and gets into a pay-to-play round that wipes out the cap table. Chetan Puttangunta from Benchmark responded by highlighting the sheer effort of one of one of his colleagues: “My partner Peter Fenton is the best board director I’ve ever worked with.

Non-Compete 97

Non-Compete Cofounder Cap Table Reputation 97

NZ Entrepreneur

JULY 12, 2018

We often see single founders slogging it out on their own. Founders can be reluctant to give up equity and control of their idea to bring in a co-founder alongside them to share in the decision making, as well as the highs and lows. My own father had difficulties with partners in his business.

Cofounder 44

Cofounder Founder Vesting Cap Table 44

Both Sides of the Table

FEBRUARY 22, 2011

I understand the appeal of having many VC firms on your cap table. You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. The Perils of Many. That’s a different story.

Dilution 314

Dilution Cap Table Due Diligence Option Pool 314

Startup Lessons Learned

JUNE 9, 2020

I've known Brian Chesky, Co-Founder, CEO and Head of Community at Airbnb for a long time. A complete collapse of revenue that simultaneously affects your employees and your customers, your partners, your investors, everyone all at once and all the news is bad. Your customers and your investors like partners?

Silicon Valley 60

Silicon Valley Hosting Cofounder Employee 60

David Teten

MARCH 18, 2021

(co-written with Stephane Nasser , co-founder of OpenVC , an open-source initiative to collect and analyze all VC theses.). OpenVC is a new, open-source initiative to collect and analyze all publicly available VC theses, to help founders more efficiently find the right investors, and vice-versa. of venture capital deals.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

venturehacks.com

OCTOBER 21, 2010

Venture Hacks Good advice for startups. Update : Check out our $9 cap table which calculates the effect of the option pool shuffle on your effective valuation. Do you mean the shares go to the founders? What if the founder already included an option pool in the existing shares outstanding? share to $1.00/share:

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

Hunter Walker

AUGUST 23, 2023

Our participation in Anchor ( later acquired by Spotify ) generated both a return and a friendship between us and the founders. Specifically I’ve had the chance to spend meaningful time over the years with Michael Mignano as he went from startup CEO to Executive/Angel Investor and now VC Partner at Lightspeed. Was I right?

Founder 88

Founder Angel Investor Cap Table Distribution 88

Startup Lessons Learned

MAY 4, 2021

Just before the IPO, I had a far-reaching conversation with co-founder and CEO Brian Armstrong as he approached this major milestone for the company he co-founded back in 2012. I'm the co-founder and CEO of Coinbase. So I've been able to move to another location with my partner and another city, I should say.

IPO 113

IPO Cofounder Technical Review Government 113

Haystack

DECEMBER 28, 2019

It’s that time of year, time to look back and reflect on the most significant storylines in the tech, startup, and VC world. And, with that warning, I offer to you what I believe to be the big, consequential forces driving trends in the startup and investing ecosystem of 2019, written in ascending order of importance and magnitude….

China 146

China Startup Lock-up Period Cap Table 146