Haystack

AUGUST 18, 2019

Back in 2017, Fred Wilson noted the strategic importance of the seed stage , writing: Seed is really hard. You lose influence as larger investors come into the cap table and start throwing their weight around. Making angel investments, raising small seed funds. You lose way more than you win.

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

Business Plan Blog

NOVEMBER 13, 2013

Raising Seed Capital. Most startup founders do not have enough capital to launch their companies and need to raise money at some point. Among the most common methods of funding used by startups when raising seed capital is “Convertible Debt Financing.” Links to Download Arushi’s eBook.

Finance 93

Finance Accredited Investor Angel Investor Seed Capital 93

Hunter Walker

NOVEMBER 20, 2013

Let the Syndicate handle filtering for membership – it would almost feel more like an investment club – but they would see themselves as value add angels, without the company needing to add them all individually to the cap table or hold 20 separate pitch meetings. Would Syndicates be a solution?

Syndicate 98

Syndicate Syndication South America Seed Stage 98

Feld Thoughts

AUGUST 12, 2011

Anytime the financial model indicates that SayAhh will run out of cash, determine how you will raise capital to ensure liquidity and be sure to properly account for the debt or equity transaction on the balance sheet and Cap Table. as a C-Corp in Delaware.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Feld Thoughts

JULY 14, 2015

It usually happens in a later round, when the company is in fact worth much less than the liquidation preference overhang and insiders use a pay-to-play and a low valuation to reset the preferences and the cap table. It’s not pretty, but it happens. And the VC is a firm we have no interest in ever working with again.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70