David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. 2-5x return cap + path to uncapped equity-returns. Capacity Capital, Greater Colorado Venture Fund, Indie.VC, Reformation Partners, UP Fund, Versatile VC.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

JANUARY 21, 2010

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. I write about some of the lessons in my post on Startup Mistakes. Every town has firms that focus on startups – find them.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See best practices in building financial models , a template financial model , and valuing startup employee options. Another critical design consideration is your tech stack.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . See best practices in building financial models , a template financial model , and valuing startup employee options. Another critical design consideration is your tech stack.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

ReadWriteStart

SEPTEMBER 2, 2011

While certainly not every business needs to raise venture financing, it is the path for many high-growth technology startups. As Steve Blank explained earlier this week on ReadWriteStart from research at The Startup Genome Project : One of the biggest surprises is that success isn't about size of team or funding.

Cap Table 125

Cap Table Term Sheet Liquidation Preference Technical Review 125

Both Sides of the Table

JULY 23, 2014

Limited Partners or LPs (the people who invest into VC funds) have taken notice as 2014 is by all accounts the busiest year for LPs since the Great Recession began. The “big boom” in startup financing started around March 2009?—?more This is a structural shift in our industry few have talked about publicly. more than 5 years ago?—?and

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Hunter Walker

JULY 20, 2019

While this hasn’t happened to any of our portfolio CEOs in a while, there’s one reason for a VC passing on a funding round that just sets me off: “I wanted to do the deal but couldn’t convince my partners.” c) You never believed in the first place, and are blaming your partners versus just passing.

Partner 92

Partner Cap Table Vertical Portfolio 92

View from Seed

OCTOBER 11, 2022

And I’ve been fortunate enough to witness their startups scale from ideas to $1B+ businesses (and even an IPO in the case of Poshmark). I became certified as a professional coach through the Hudson Institute of Coaching to be a more mindful and effective partner on a founder’s journey.

North America 156

North America San Francisco Cap Table Cofounder 156

Both Sides of the Table

MAY 19, 2018

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Some people find this elitist?—?I Entrepreneur : “Sure.

Cap Table 336

Cap Table Due Diligence Forecast Churn Rate 336

techcrunch.com

APRIL 26, 2013

For Startups And Winning SEC Approval, AngelList Opens Up Investment Platform To More Companies. In December, AngelList , a service that matches early-stage startups with investors, debuted the ability to allow accredited investors to actually invest in startups on the platform with as little as $1,000. Enterprise. Smartphones.

SEC 61

SEC Accredited Investor San Diego New York City 61

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. At Bolster, we have three user personas — Member, Client, and Partner. First, I am working with a hand-picked group of people.

Cap Table 62

Cap Table Early Stage Cofounder Leadership 62

Hunter Walker

MARCH 14, 2019

Across town a different CEO is having a breakfast with her Series A Board partner. You almost spit out your coffee when she lets you know that she’s leaving for a Tier 1 firm but that her partners John, John Jr or Robert will be great stewards of your startup until she has the pull at her new gig to lead your next round.

Cap Table 95

Cap Table Dilution Silicon Valley Portfolio 95

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' It’s not an easy question even thought there are industry standards.

Cap Table 346

Cap Table Cofounder Stock Acquisition 346

David Teten

AUGUST 19, 2019

In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. We collect more data on an individual business than, to our knowledge, any other RBI investor, through our application process, data partners, and various public sources online. Bigfoot Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

www.readwriteweb.com

DECEMBER 29, 2011

While certainly not every business needs to raise venture financing, it is the path for many high-growth technology startups. Earlier this week on ReadWriteStart, Steve Blank used research at The Startup Genome Project and explained: One of the biggest surprises is that success isn't about size of team or funding.

Cap Table 47

Cap Table Term Sheet Liquidation Preference Technical Review 47

Pascal's View

JULY 9, 2017

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It will be worth the time and effort. Sound simple?

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

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

View from Seed

JUNE 11, 2019

I’ve found that the lead investor will end up doing 90% of the work for a startup (or will cause 90% of the pain if you get the decision wrong). But the only way you are going to get those benefits are if the large fund feels meaningfully invested in the startup, both in terms of dollars and emotionally as well. And stay in touch!

Syndicate 202

Syndicate Syndication Seed Stage Lead Investor 202

Gust

OCTOBER 8, 2014

If you want a great primer on how the VC and startup funding scene changed here’s a great primer. It is less about actual money and more about structure of your Cap Table. It’s hard building a startup. Invested Interests cap table venture capital' If you''re newer to VC math here''s a great primer].

Cap Table 136

Cap Table Silicon Valley Term Sheet Non-Compete 136

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

OnlyOnce

MAY 26, 2022

So, getting this role right is one of the most important tasks of any startup team. Do you spend a lot of your time dealing with finance-related issues like fundraising, debt, investors, or cap table questions? Do they spend time in-market with customers, partners, or vendors? Trust your gut.

Cap Table 62

Cap Table Forecast Finance Metrics 62

The Startup Toolkit

AUGUST 29, 2012

If you aren’t taken seriously by customers & partners , a highly credible industry advisor will be able to open every door for you. Murky day-to-day questions come up throughout a startup and you’ll save a bunch of time being able to repeatedly go to someone who knows your full company history.

Technical Review 38

Technical Review CTO Hire Cap Table Software Review 38

This is going to be BIG.

FEBRUARY 27, 2022

I’m supposed to participate in a tech and startup community under these conditions? It’s being in a prime position to dictate the future of human-computer interaction while believing that the only thing keeping someone homeless is not knowing how to code as Founders Fund partner Keith Rabois does. Their employees?

Ukraine 128

Ukraine Russia Cap Table New York City 128

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. A seed-stage mobile startup’s housekeeping section might look something like this: Section 3: Core Metrics.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

YoungUpstarts

JUNE 26, 2014

It allows you to truly focus on your product/idea instead of cap tables and keeping investors happy. If you lack a key component to running your business, consider finding a partner to handle that aspect. Building a startup is tough, but building a startup in a vacuum is virtually impossible. Have an original idea.

Cap Table 162

Cap Table Bootstrapping Naming America 162

BeyondVC

NOVEMBER 17, 2016

Our goal was to be the best first check partner for enterprise founders, bringing the value add of a VC firm while moving with the speed and conviction of an angel investor. Most importantly, we wanted to thank our amazing group of founders that we have had the privilege to partner with over the years. Sincerely, Team Boldstart.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

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

OnlyOnce

FEBRUARY 9, 2022

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.” Our original deck envisioned a firm that was sort of a hybrid of a “McKinsey for startups” and a venture investor.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

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

Steve Blank

APRIL 8, 2010

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. As I listened, I thought about the other startup I had met an hour earlier. A startup is an organization formed to search for a repeatable and scalable business model.

Business Model 328

Business Model Business Plan Customer Cap Table 328

genylabs.typepad.com

SEPTEMBER 24, 2011

Steve and Carolyn are partners at Emergent Research and Senior Fellows at the Society for New Communications Research. Planning, Startups, Stories. SF Chronicle: Ultralight startups: little capital, just computer. Should You Hire People With Graduate Degrees for Your Startup? The authors are Steve King and Carolyn Ockels.

Equity 40

Equity Technical Review San Jose Stock 40

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. 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. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Hunter Walker

NOVEMBER 20, 2013

Additionally, funds such as Foundry Group and Google Ventures have taken their own approaches – the former creating a separate early stage entity , the latter encouraging their seed stage partners to create standalone personal syndicates. While these are all credible let’s be honest – it’s a little boring.

Syndicate 99

Syndicate Syndication South America Seed Stage 99

Berkonomics

JUNE 8, 2017

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

Hunter Walker

DECEMBER 18, 2013

From this fund you get paid a management fee each year and then a percentage of the profits ultimately made after returning the entire initial investment to your limited partners (you pay back your management fees before you consider the fund “returned”). Quick primer on the way VC works: You raise a fund from which to invest.

Cap Table 99

Cap Table LP Limited Partner Salary 99

Bryce Dot VC

JULY 21, 2016

Unlike most law grads he didn’t go to a firm or join the in house legal team at a big company, he joined a startup servicing the legal market. The current trickle of startup failure headlines will build to a flood over the coming months as founders run out of options and investors tap out and move on. If they didn’t before they do now.

Phoenix 40

Phoenix Cap Table Bootstrapping Founder 40