This is going to be BIG.

AUGUST 21, 2023

In other words, you’re one of dozens, perhaps 100’s of companies getting the same exact e-mail where the VC says they’re really excited about what you’re doing and they work with such and such partner and the firm has done such and such IPOs, etc. But back to the cap table. and they take a hefty chunk of the cap table to do it.

Cap Table 78

Cap Table Term Sheet Database Option Pool 78

Both Sides of the Table

JANUARY 21, 2010

When we want to sell or IPO companies they’re there again. In Silicon Valley the name I hear mentioned most often for very early stage deals is Joey Tran from Fortis. We spend hours with them discussing and negotiating the details of the company. When we invest they are often the company counsel so we see them at board meetings.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Both Sides of the Table

SEPTEMBER 15, 2010

But knowing the right people and knowing a market only works well for angel investors in bullish tech markets in which IPO’s happen quickly (97-99) or where larger companies are actively scooping up little tiny companies at sub $50 million valuations to drive innovation (05-08, 10-?). Obviously I agree. So where are we now?

Angel Investor 284

Angel Investor Early Stage Cap Table Deal Flow 284

Both Sides of the Table

SEPTEMBER 14, 2010

But knowing the right people and knowing a market only works well for angel investors in bullish tech markets in which IPO’s happen quickly (97-99) or where larger companies are actively scooping up little tiny companies at sub $50 million valuations to drive innovation (05-08, 10-?). Obviously I agree. So where are we now?

Angel Investor 152

Angel Investor Cap Table Early Stage Deal Flow 152

The Next Web

OCTOBER 7, 2013

Cap tables sound intimidating. Is there an IPO story here? Again this is somewhat simplified as the liquidity event (sale or IPO) may come as cash, stock, or a combination of the two. A reason might be that negotiation techniques are not a part of their training. Are there many of them? Are they especially acquisitive?

Engineer 129

Engineer Dilution Option Pool Vesting 129

www.payne.org

SEPTEMBER 22, 2011

The preferred stock held by investors has (as the name implies) more rights and privileges than the common stock issued to employees. In addition, IPOs are a special scenario, where the preference usually goes away and all stock classes are in equal footing).

Equity 56

Equity Employee Vesting Preferred Stock 56

abovethecrowd.com

APRIL 20, 2016

The pressures of lofty paper valuations, massive burn rates (and the subsequent need for more cash), and unprecedented low levels of IPOs and M&A, have created a complex and unique circumstance which many Unicorn CEOs and investors are ill-prepared to navigate. In Q1 of 2016 there were zero VC-backed technology IPOs.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40