David Teten

MARCH 18, 2021

Foundry Group, investing primarily in “ Software and Internet ”, follows six major themes, e.g., Human Computer Interaction (HCI) or Distribution. Software is by far the most sought-after class, with 94% of VCs investing in it. software”); 43 invest in 2 types of technology (e.g., software” and “deeptech”), and so on.

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

David Teten

DECEMBER 3, 2019

645 Ventures released a cap table simulator to help level the playing field. Monitoring and reporting solutions include BaseVenture , Burgiss , Davigold , DocDep , eFront FrontInvest , Framework , Investors Economic Assurance’s CapAssure , Netage Dynamo PE , Q-Biz Solutions , Qualtrics , SS&C GlobeOp , an d Vantage Software.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

OnlyOnce

JULY 14, 2022

I wrote a little bit about the experience of being a multi-time founder in this post where I talked about the value of things like a hand-picked team, hand-picked cap table, experience that drives efficient execution, and starting with a clean slate. They have an Easier Time Recruiting team members and investors.

Cap Table 62

Cap Table Founder Portfolio Finance 62

Both Sides of the Table

SEPTEMBER 16, 2010

As I’ve highlighted I believe we’re in a unique period similar to 2005-08 where the biggest tech firms of Silicon Valley (and some media companies) are scooping up small software companies as “talent acquisitions&# versus accretive revenue / profit generators. But it is. So know that going in.

Cap Table 283

Cap Table Angel Investor Liquidation Preference Deal Flow 283

VC Adventure

MAY 10, 2020

a California software company, has sued the SBA saying that it should not have to pay back its $750K loan since the SBA changed its rules for eligibility after their loan had been dispersed. Exactly what this means isn’t clear. The lack of clarity is causing real world challenges for businesses. In just one example, Zumasys, Inc.,

SBA 79

SBA Affiliate Los Angeles Cap Table 79

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. How can accelerating portfolio company value be aided by use of software?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

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. From time immemorial, or at least since programming became a profession, the creation of software has been a magical journey. Some take a day to explain.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Both Sides of the Table

SEPTEMBER 12, 2013

It was a software platform for allowing advertisers to purchase brand integration (product placements) as a standardized unit through a marketplace. He had made some structural mistakes in NextMedium that meant the Cap Table and leadership team was a bit wacky. I’ve known Hamet for 5 years. The idea immediately resonated.

Partner 340

Partner Los Angeles South Africa Cap Table 340

YoungUpstarts

OCTOBER 7, 2015

Marketing software. When we started our business, SecureDocs, we underestimated the cost of dedicated marketing software and also the potential value of marketing software. Our marketing software bill is the single biggest expense for the business after salaries.

Cap Table 100

Cap Table Intellectual Property Salary Bootstrapping 100

techcrunch.com

APRIL 26, 2013

That way, startups only have one entity in the cap table, which simplifies documentation and structure. As we wrote last December, the investment tool lets accredited investors put as little as $1,000 each into startup companies that it’s created an investment vehicle for.

SEC 61

SEC Accredited Investor San Diego New York City 61

BeyondVC

NOVEMBER 17, 2016

We each independently fell in love with enterprise software 20+ years ago as seed investors (cos like gotomeeting/Citrix, greenplum/EMC, livperson/IPO LPSN) and founders (workmarket, onforce/Adecco, spinback/buddymedia/salesf0rce) and are now benefiting from the ecosystems, knowledge and network that we’ve collectively developed.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

Startup Lessons Learned

MAY 4, 2021

I was writing some software, I was doing some product management stuff. Git is another decentralized protocol really for version control and software. But one of those pieces is how companies get formed, how they raise money, how they manage their cap table and how they eventually go public. That's an important piece.

IPO 113

IPO Cofounder Technical Review Government 113

David Teten

SEPTEMBER 23, 2017

Sebastian Soler recently launched Knowledge.vc , which uses software and machine learning to enhance deal sourcing and diligence for VC firms. EShares is an increasingly popular tool in our portfolio for tracking private company cap tables. Private Equity Software and Services Directory. 4) Manage deal flow.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Haystack

AUGUST 18, 2019

You lose influence as larger investors come into the cap table and start throwing their weight around. We know that technology and network effects (like marketplaces or in software) drive the world economy. Back in 2017, Fred Wilson noted the strategic importance of the seed stage , writing: Seed is really hard.

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

David Teten

AUGUST 19, 2019

Manuge continues, “Corl connects to a business’ bank accounts, accounting software, payment processors, and other digital services to collect 10,000+ historical data points that are analyzed in real-time. Limited amount of existing debt and a clean cap table”. We can fund to to 4x MRR (Monthly Recurring Revenue).

Revenue 60

Revenue Technical Review Software Review Equity 60

Feld Thoughts

AUGUST 26, 2011

If you use spreadsheets to keep track of your books, you could accidentally violate the Basic Accounting Equation, but not in accounting software program. Next week we will introduce the Cap Table, and show how it changes when adding a co-founder. Assets = Liabilities + Equity.

Balance Sheet 128

Balance Sheet Cofounder Cap Table Delaware 128

This is going to be BIG.

JULY 2, 2015

And you know what--if "scalability" was an important criteria for you, and you wanted businesses where all you had to do was write a bit of code and people started paying you software margins all along the way, you would have rightfully passed. At least you would have done Slack.

Cap Table 60

Cap Table Viral .Net Acquisition 60

Startup Lessons Learned

JULY 11, 2019

Eventually, I joined Jenny Lefcourt in the initiative called Founders for Change, where we’re amplifying the voices of the founders who are demanding greater representation and diversity not only within their organization, their cap table, and their board rooms, but also in terms of the makeup of all of these organizations.

Founder 68

Founder Lean Venture Capital Cofounder 68

Hippoland

OCTOBER 18, 2018

There are low operational costs – software has high margins, so you can often pour profits back into the business to keep growing (at least to a good level). I also think events businesses are good bootstrappable businesses.

Bootstrapping 90

Bootstrapping Cap Table Salary .Net 90

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.

Syndicate 98

Syndicate Syndication South America Seed Stage 98

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. In the process of investing, we became rather obsessed with helping founders build more diverse and impactful cap tables. First, congrats!

IPO 91

IPO Cofounder Early Stage Portfolio 91

adamac.blogspot.com

MARCH 9, 2010

Maybe the CEO got his cousin from Omaha to be their lawyer or theres been some serious messing around with the cap table. If you get an option grant for a million shares and youre employee 25, something is funky. Either way, its a sign that something is amiss. Thats a REALLY bad sign. Well, its not a joke.

Technical Review 41

Technical Review CTO Hire Fractional CTO Startup 41

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. Tie each round of funding to a set of key milestones in the development of your product/business.

Balance Sheet 136

Balance Sheet Forecast Cap Table Early Stage 136

Hippoland

OCTOBER 18, 2018

There are low operational costs – software has high margins, so you can often pour profits back into the business to keep growing (at least to a good level). I also think events businesses are good bootstrappable businesses.

Bootstrapping 48

Bootstrapping Cap Table Salary .Net 48

Austin Startup

DECEMBER 10, 2017

I checked out early this year when the surgeon wanted to spend more time on the clinical components to catch them up with the software. You wouldn’t want me cutting on you, and you wouldn’t want the surgeon developing software and such a complicated business infrastructure, so we had a good division of labor.

Georgia 48

Georgia Startup Incubator Harvest 48

David Teten

AUGUST 21, 2019

Ali Hamed observes that “software companies are blessed with high margins that allow them to payback expensive capital. Lori Smith of White and Williams observes, “The traditional VC is likely going to see these investors in the cap table as a negative. Much lower cost of capital, if company is highly successful.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Hunter Walker

JULY 18, 2022

But one of the benefits of ‘software eating the world’ is that there are a ton of amazing companies selling into huge traditional industries: agriculture, health care, government services, hospitality, and so on. Looking back now it’s easy to insist it’s just the latter, but I’m inclined to believe that both are true.

Valuation 116

Valuation Cap Table Startup Later Stage 116

www.paulgraham.com

APRIL 28, 2010

But of coursetheir main job is to build version 1 of their software. Software is not only moreconvincing, but a better way to explore ideas. You get to work on juicy kinds of work, likedesigning software. Wethought software was all that mattered. 5 ]This was partly confidence, and partly simple ignorance.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Haystack

DECEMBER 17, 2019

While that consumer window was no longer opening, individual consumers began discovering new software tools to make themselves more productive. They then, in turn, brought that software into their small businesses, their sub-groups within companies, and provided the kindling of distribution within work-related networks.

Cap Table 113

Cap Table Finance Database Software 113

Haystack

DECEMBER 28, 2019

These companies exemplify the compounding network effects, lock-in, and lopsided economics that accrue to technologies generally and software specifically. And if you are long on Instagram, WhatsApp, and Facebook itself, it’s not entirely impossible for Facebook to get there one day as well.

China 146

China Startup Lock-up Period Cap Table 146