NZ Entrepreneur

DECEMBER 18, 2022

Commercialisation offices take a flexible approach to cap tables structures “We have a mandate to create impact from university research through commercialisation, so we are laser focused on setting new ventures up for success. Naturally, seeking investment once a company is ready to spin-out is a key part of that,” says Pierre.

Cap Table 52

Cap Table Technical Cofounder Artificial Inteligence Marketing 52

This is going to be BIG.

JANUARY 18, 2024

They may have just exited a business or maybe they’ve just been managing their own money, which isn’t a full-time job for most people. This is a business and the goal should be to get the best people at every position, regardless of their position on the cap table.

.Net 88

.Net Cap Table Startup Technical Review 88

David Teten

JANUARY 19, 2021

As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Early liquidity.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

AUGUST 28, 2012

They want to see your cap table, your legal documents, your major contracts, your full financial model, etc. There is no reason to part with your cap table or legal docs until you’re convinced that they’re actually committed to doing work with you in due diligence. .”

Technical Review 316

Technical Review Due Diligence Term Sheet Cap Table 316

Hunter Walker

OCTOBER 31, 2021

Be more helpful than the folks on cap tables today who overpromise and underdeliver — every cap table I’m on has some percentage of allocation that provided zero value after the investment. If you can be more valuable than that, I’d love to bring you on to the cap table of the next seed round we lead.

Cap Table 122

Cap Table Cofounder Early Stage Portfolio 122

Hunter Walker

DECEMBER 11, 2023

This means the company is predominantly owned by the management/team and TPG. They help with issues of scale and growth, with operational questions, and even with things like purchasing and cash management. It’s a different way of thinking and managing the business, but one that I believe helps any leader run a better business.

Private Equity 78

Private Equity Equity DC Leveraged Buyout 78

ithacaVC

SEPTEMBER 4, 2011

Here is the latest edition of Finance Fridays from Brad Feld called “Introducing the Cap Table and CTO” Every startup needs someone to be in charge of the Cap Table. When I was General Counsel at a tech company during the 1999 bubble times, I kept the company’s Cap Table.

Cap Table 49

Cap Table Finance Option Pool Warrant 49

ithacaVC

DECEMBER 9, 2013

Also, during the process, we had to clean up the company’s cap table and make sure that we all agreed on who owned what on a pro forma pre-money basis. Without having a complete pre-money cap table, it is impossible to calculate a share price. Dealing with VCs Management Startup Life' And Happy Holidays!

Term Sheet 58

Term Sheet Cap Table Technical Review IP 58

Both Sides of the Table

JULY 23, 2014

Of course it’s much harder to identify “emerging managers” who it turns out have been some of the best performers over the past 5-7 years such as Union Square Ventures, Spark Capital, First Round Capital, True Ventures, Greycroft, Foundry Group, Thrive and Upfront Ventures. and the bigger funds can’t get in directly.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Hunter Walker

AUGUST 8, 2023

I’m not crying for them – it’s their fault and they’re getting paid hefty management fees even if they’re mediocre investors – but greed and/or competitive pressure (plus an influx of new LPs) caused many VCs to have fund sizes which outpaced their capacity to deploy prudently and their existing strategies.

Portfolio 98

Portfolio Cap Table LP Valuation 98

This is going to be BIG.

OCTOBER 22, 2014

They definitely weigh in on whether they like the management team. Others talked as if they were the ones doing the deals--even though they''re just the ones making the cap tables in Excel. If you can''t lead a deal, you''re not "a VC" and you probably shouldn''t call yourself one on a panel. Some analysts definitely say that.

Venture Capital 140

Venture Capital Cap Table Startup Early Stage 140

Up and Running

SEPTEMBER 20, 2021

This is all incorporated into a document called a Cap Table. . A cap table will help you in the strategic management of business decisions. Wondering what a cap table is, its importance, and how you can maintain it to expand your business? What is a cap table? Let’s dive in.

Cap Table 112

Cap Table Pre-Money Valuation Stock Options Option Pool 112

OnlyOnce

OCTOBER 28, 2021

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. I love being a pretend product manager. First, I am working with a hand-picked group of people. I love working with clients.

Cap Table 62

Cap Table Early Stage Cofounder Leadership 62

Ben's Blog

APRIL 1, 2011

By far the most difficult skill for me to learn as CEO was the ability to manage my own psychology. It’s like the fight club of management: The first rule of the CEO psychological meltdown is don’t talk about the psychological meltdown. No training as a manager, general manager or any other job actually prepares you to run a company.

Management 78

Management Cap Table Balance Sheet Bankruptcy 78

Hunter Walker

AUGUST 1, 2021

Those of us who’ve had access to the right hiring manager, or cap table, or referral network have already put ourselves in a position to capitalize, but the pie can be expanded. It’s not about scarcity, it’s about abundance. Ok, please read my earlier blog post and tell me what you think.

Silicon Valley 123

Silicon Valley Cap Table IPO .Net 123

Hunter Walker

JUNE 25, 2022

Sure, I’m open to the idea that the more aggressive, less respectful, binary-outcome cultures can attract people willing to break rules to win and managers who are incentivized to look the other way, but that’s a risk factor, not a fundamental quality of these systems.

Cap Table 96

Cap Table Matching Hiring Business Model 96

VC Cafe

JUNE 26, 2013

Even when you hear stories about entrepreneurs who walk out of a VC with a personal check from the managing director, it is usually after 6 months of pitching and hearing ''no''. 101 funding Soomla Yaniv Nizan cap table Eyeview VC' Visit my website for full links, other content, and more! ]].

Cap Table 131

Cap Table Management Entrepreneur 131

Hunter Walker

FEBRUARY 15, 2023

Her Management Tips Are Legendary. While at the company — and especially once she departed — Claire became one of the people I always hoped to add to a cap table or startup board. Scaling People: Tactics for Management and Company Building promises to be one of the best reads in 2023. Now They’re Published.

Cap Table 74

Cap Table Hiring Viral Valuation 74

OnlyOnce

DECEMBER 1, 2021

Another telltale sign that you might need a CFO is more tangible: Are you spending too much of your own time managing fundraising, debt, investors, and cap table questions and issues? These are all telltale signs that your financial situation may be under duress, and a full-time CFO can be a solution.

Hiring 117

Hiring Cap Table Finance Equity 117

VC Adventure

JULY 27, 2011

We meet with various company managers, talk to other people in industry to get their take, call current and prospective customers, exercise our own network of contacts to get background on the idea and team, perform reference checks on key management, etc. And really management had no great choice. .

Technical Review 120

Technical Review Due Diligence Cap Table Portfolio 120

OnlyOnce

NOVEMBER 2, 2017

A couple of months ago, I was doing an internal lunch & learn for senior managers, and the topic came up as to “how do our VC firms work?” I redacted our cap table and pictures of our VCs, but otherwise, feel free to use it with your own management team, or even your whole company. No visits yet.

Venture Capital 116

Venture Capital Cap Table Entrepreneur Startup 116

Hunter Walker

MARCH 14, 2019

Former operators return to operating; GPs trading up (or being managed out); wealth-effect retirements; whole firms dramatically changing strategy. All the disruption can be pretty jarring to an entrepreneur, especially in situations where the exiting partner represents the top line on your cap table. Such as Homebrew.

Cap Table 95

Cap Table Dilution Silicon Valley Portfolio 95

Both Sides of the Table

JULY 25, 2011

But know that every term in your term sheet is there as a result of some dispute of the past between shareholders or between shareholders & management. To this day I’m still surprised how few CEOs really understand the differences between 2x liquidation preference and a liquidation preference with a 2x cap. Redemption rights?

Liquidation Preference 304

Liquidation Preference Term Sheet Cap Table Participating Preferred 304

Hunter Walker

JULY 18, 2021

As an angel investor you can certainly be helpful, and perhaps even de-risk a specific question or problem the founders face, but you aren’t on the org chart, aren’t spending enough reps to be the product manager of a product-led company. Ok, now that half-mistake….

Cap Table 140

Cap Table IRR Angel Investor IPO 140

Pascal's View

JULY 9, 2017

The most serious unintended consequence occurs from “note waterfalls”— converting multiple notes that have multiple valuation caps. Many entrepreneurs lose track of what they have been cooking up in the cap table. They do not recognize that they may have already contractually sold a meaningful portion of equity in their company.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Hunter Walker

FEBRUARY 2, 2023

Ask her if there’s someone senior in her career that’s been a great manager, and if so, bring them on as an equity-compensated advisor to your company. Or ask your cap table who is the best “XYZ” that they know and give them some skin in the game. Not just inside of the company but outside.

Hiring 60

Hiring Cap Table Equity Dividend 60

Hunter Walker

OCTOBER 10, 2021

Via Screendoor I’ve been looking at a lot of emerging managers from different backgrounds and I’m heartened to see a mix of consensus and non-consensus strategies. They can fight and win their place on these cap tables and are doing so.

Cap Table 97

Cap Table Vertical Matching Founder 97

Austin Startup

AUGUST 20, 2017

Your Cap Table is something that deserves constant care and attention. Messy cap tables can come back to haunt you when you do a financing or sell the company. Are the logistics manageable? Many tech products are hard to condense into a line or two, or even into a manageable deck.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Board Effect

MAY 10, 2019

Capitalization tables—”cap tables” for those who don’t have time for extra syllables—map the balance of power in a company. If org charts are about people power , cap tables are about money power. In reality, however, cap tables are often far more complex. What is a cap table?

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

Haystack

OCTOBER 7, 2018

The larger firms have gotten much bigger and taken on multi-strategy techniques, but they’re also very experienced in managing funds across many vintages. Time will tell how this shakes out.

Cap Table 147

Cap Table Venture Capital Portfolio Pay to Play 147

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. 4) Manage deal flow. For example, we created a pipeline management tool that automatically adds deals along with relevant information (such as attachments received) to our funnel. Pitchbot.vc 5) Due diligence.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Altgate

JUNE 25, 2012

Instead, the dead equity languishes on the cap table, weighing down the startup and making it harder to attract and motivate the people who could impact its growth. Every share of dead equity could have been redeployed as incentive for a current or future contributor to grow the value of the startup.

Equity 44

Equity Vesting Cap Table Technical Review 44

Both Sides of the Table

SEPTEMBER 12, 2013

He had made some structural mistakes in NextMedium that meant the Cap Table and leadership team was a bit wacky. After I became co-managing director I pushed our firm to start adding more talent how had a mix of operational, startup experience and some form of investment experience. Relationships. So what gives?

Partner 340

Partner Los Angeles South Africa Cap Table 340

Berkonomics

AUGUST 3, 2023

Money from these sources is relatively easy to come by, and most often comes with no strings as to oversight by a formal board composed of these investors and management. Taking this kind of money has several pitfalls you should be aware of.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

David Teten

NOVEMBER 14, 2019

Some firms provide tools to do this online, e.g., Capital ’s Cost of Equity estimator ; Lighter Capital’s Cost of Capital Calculator ; 645 Ventures’ cap table simulator. It’s not a question of if the thorny issue will occur, but when, and management needs a strong advocate willing to listen and help out.”. See Debanked’s list.

SBIC 60

SBIC SBA Cap Table Database 60

Gust

JUNE 28, 2014

And make sure that financial reports are accompanied by a management letter explaining what’s actually happening. Communicate early, often and fully with ALL your investor members. If your term sheet calls for quarterly reports to investors, SEND THEM!

Angel Groups 148

Angel Groups Cap Table Term Sheet Valuation 148

VC Adventure

JULY 27, 2011

We meet with various company managers, talk to other people in industry to get their take, call current and prospective customers, exercise our own network of contacts to get background on the idea and team, perform reference checks on key management, etc. ” And really management had no great choice. .

Technical Review 48

Technical Review Due Diligence Cap Table Portfolio 48