article thumbnail

The BSList - Busted Cap Table (No. 104)

This is going to be BIG.

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.

article thumbnail

The Changing Structure of the VC Industry

Both Sides of the Table

Cheap, mobile, social, global, massive, always-on, one-click-purchase has led to the most successful companies of our era hitting unprecedented scale early in their development and has massively shifted the value captured from post-IPO investors to pre-IPO investors as is demonstrated in the chart above.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Greenhouse CEO Daniel Chait on how AI is changing human resources and weaning his company off venture funding via private equity

Hunter Walker

It might ‘exit’ again at a later point (anything from a sale to an IPO), but it’s no long dependent on VC funding. HW: We’re going to see many more software CEOs (and cap tables) look for private equity exits like yours. This means the company is predominantly owned by the management/team and TPG.

article thumbnail

How to Work with Lawyers at a Startup

Both Sides of the Table

When we want to sell or IPO companies they’re there again. I’ve met several people from Cooley Godward who have stellar reputations in this category. They have a stellar reputation and know how to work with the earliest of starts with entrepreneurs. Our lives are intertwined. I already mentioned DLA Piper.

article thumbnail

Level Setting and Career Goals for VCs: What level are Midas List VCs actually performing on?

This is going to be BIG.

Until you IPO, feeling like you’re good may just depend on what part of the fundraising cycle you’re taking a snapshot of your companies in. 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. But I thought I was good!?”

article thumbnail

The Uber that Never Was

This is going to be BIG.

I have a portfolio where 50% of the investments have founders that come from diverse backgrounds—and yes, I want them to get money from all of the still-active funds on Uber’s cap table that benefitted from the IPO.

Cap Table 116
article thumbnail

On the Road to Recap:

abovethecrowd.com

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