Both Sides of the Table

SEPTEMBER 12, 2013

But as sweet as that success has been (we invested pre-revenue in a small team) today my even more important news was the further expansion of our partner ranks. He had made some structural mistakes in NextMedium that meant the Cap Table and leadership team was a bit wacky. I’ve known Hamet for 5 years. Relationships.

Partner 340

Partner Los Angeles South Africa Cap Table 340

Berkonomics

AUGUST 3, 2023

My experience with early valuations by founders for friends… I’ve arrived at a significant number of companies that were looking for additional growth capital after a “friends and family” round and had to “clean up” the cap table more than a few times over the years. It is most often a win-win for both you and the strategic partner.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

View from Seed

OCTOBER 15, 2014

Over the summer, based on feedback from our portfolio and the broader startup community, NextView created pre-formatted board deck templates for seed-stage startups — part of our Growth Guides series. Included in that deck was something that caught some folks by surprise. However, these are important updates for your board to know.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

Haystack

JANUARY 13, 2020

Plaid is known within the startup and VC community as a strong company, but it is also a relatively quiet company in terms of its own PR and social media chatter. I saw a tweet lamenting the acquisition price of Plaid as “crazy” because it was 35x revenue. 3/ Strategic fit trumps financials.

Acquisition 74

Acquisition Cap Table API Venture Capital 74

David Teten

SEPTEMBER 23, 2017

My colleagues Sebastian Soler , Steven Greenberg and I recently launched a new online community, PEVCTech.com , exclusively for PE/VC investors; engineers who work at PE/VC funds; and other technologists who specialize in working on this problem. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Berkonomics

JUNE 8, 2017

I’ve arrived at a significant number of companies that were looking for additional growth capital after a “friends and family” round, and had to “clean up” the cap table more than a few times over the years. Taking this kind of money has a number of pitfalls you should be aware of.

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

Hunter Walker

AUGUST 1, 2017

What we see is that more and more female founders want women on their cap table: A couple of founders have re-opened rounds for us; one even got a major investor to sell us secondary. Look, fundamental change doesn’t happen fast in a community that’s as homogeneous and closed as venture capital.

IPO 75

IPO Cap Table NDA Vietnam 75

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. So then what? I have known Brian Chesky for a long time. How you doing?

Silicon Valley 60

Silicon Valley Hosting Cofounder Employee 60

abovethecrowd.com

APRIL 20, 2016

While not obvious on the surface, there has been a fundamental sea-change in the investment community that has made the incremental Unicorn investment a substantially more dangerous and complicated practice. A high performing, high-growth SAAS company that may have been worth 10 or more times revenue was suddenly worth 4-7 times revenue.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Berkonomics

JANUARY 20, 2010

I’ve arrived at a significant number of companies that were looking for additional growth capital after a “friends and family” round, and had to “clean up” the cap table more than a few times over the years. Taking this kind of money has a number of pitfalls you should be aware of.

Private Equity 69

Private Equity Valuation Cap Table Accredited Investor 69

This is going to be BIG.

SEPTEMBER 12, 2022

WeWork needed billions in a cap table crushing lifeline and Knotel went bankrupt as well. I think the assumption is that when cycles snap back they come back so strong that future rental streams are likely to make up for missed near to medium-term revenue. Community building isn’t much easier, especially in progressive circles.

Cofounder 121

Cofounder Venture Capital Community PR 121