Venture Deals Online Course – Spring 2020 Registration Is Open

Feld Thoughts

Week 1 – Introduction of key players/Form or join a team Week 2 – Fundraising/Finding the Right VC Week 3 – Capitalization Tables/Convertible Debt Week 4 – Term Sheets: Economics & Control Week 5 – Term Sheets Part Two Week 6 – Negotiations Week 7 – Letter of Intent/Getting Acquired.

Venture Deals Online Course – Spring 2019 Registration Is Open

Feld Thoughts

We are running the Venture Deals Online Course again. Registration is now open and it runs from April 7, 2019 – May 31, 2019. It’s produced by Kauffman Fellows Academy and Techstars. We’ve run the course four times now and have had over 15,000 people take it.

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What’s New In Venture Deals, 4th Edition

Feld Thoughts

The Players Preparing for Fundraising How to Raise Money Overview of the Term Sheet Economic Terms of the Term Sheet Control Terms Other Terms of the Term Sheet Convertible Debt The Capitalization Table Crowdfunding Venture Debt How Venture Capital Funds Work Negotiation Tactics Raising Money the Right Way Issues at Different Financing Stages Letters of Intent: The Other Term Sheet How to Engage an Investment Banker Why Do Term Sheets Even Exist?

8 Questions You Should Ask Before You Join A Startup

Startup Professionals Musings

Yet if you are on the other side of the table, there are some other key questions that you need to ask, which will tell you more about the real success prospects for this business. How complex is the capitalization table?

Last Chance to Sign Up For The Fall 2017 Venture Deals Course

Feld Thoughts

Week 3 – Capitalization Tables/Convertible Debt. If you are interested in raising venture capital, I encourage you to sign up and take the course. Kauffman Fellows and Techstars are running another cycle of the Venture Deals course with me and Jason Mendelson. Signups close tomorrow as the course runs from 9/24/17 – 11/13/17. The course is free to everyone. The seven-week course, which is about five hours of work each week, has the following agenda.

7 Equity Crowdfunding Risks Feared By Many Investors

Startup Professionals Musings

Professional investors like to keep tight control of capitalization tables and all stock owners, to facilitate their own payoff when a sale, merger, or public stock offering is held.

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8 Questions Before You Join Or Invest In A Startup

Startup Professionals Musings

Yet if you are on the other side of the table, there are some other key questions that you need to ask, which will tell you more about the real success prospects for this business. How complex is the capitalization table?

Validate The Pedigree Of A Startup Before You Jump

Startup Professionals Musings

Yet if you are on the other side of the table, there are some other key questions that you need to ask, which will tell you more about the real success prospects for this business. How complex is the capitalization table?

New Investment Initiative from Launch NY


The investment will appear as one line item on the company’s capitalization table. I am on the board of a non-profit called Launch NY. It is a venture “launching” organization that couples programmatic intense mentoring with potential seed funding. I am passing along news of a new initiative that you might find interesting. Here it is: Launch NY is working to find more ways to engage the local investor community and connect them with our client startup companies.

Web-Based Worthworm Helps Determine PMV For Startup Investment Purposes


“If you are an angel investor and a venture is seeking capital from you, insist on getting its Worthworm report.

Startup Valuations: 7 Things to Look for in a Valuation Company

Early Growth Financial Services

You want a valuation firm that has experience with all types of valuation for companies like yours, including stock option management and complex capitalization tables. Valuation. You know you need one. Annually. What you may not know is that it really does matter who performs your valuation. There are a lot of valuation companies out there, so I know many entrepreneurs are tempted to just shop around until they find the lowest price, but this is a mistake.

Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist

Feld Thoughts

The book originated in 2005 when Jason and I wrote a long series of posts on this blog about a typical Venture Capital term sheet. The table of contents gives you a feel for this. The Capitalization Table. How Venture Capital Funds Work. My partner Jason Mendelson and I are psyched to announce that our book – Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist – has been published and is now available.

Venture Capital Demystified: A Fundraising Guide for Entrepreneurs, Investors, and Lawyers


If a VC offers you a term sheet, expect their lawyers to ask you for more information like capitalization tables, contracts, material agreements, employment agreements, and board meeting minutes.

Book Short: I Wish This Existed 12 Years Ago


As Brad noted in his launch post , the book’s table of contents says a lot: The Players. The Capitalization Table. How Venture Capital Funds Work. Book Short: I Wish This Existed 12 Years Ago. Brad Feld has been on my board for over a decade now, and when he and his partner Jason Mendelson told me about a new book they were writing a bunch of months ago called Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist , I took note.

How to Pick the Right Attorney For Your Startup

Up and Running

We were targeting to raise around $3 million in investment capital. This should be clearly spelled out in your Capitalization Table , or “Cap Table” as it’s commonly called. Can they create and advise on a Capitalization Table?

Users Guide to Startup Advisors


Nobody should ever be on the capital table for what they did once in the past. What’s an advisor to a startup deal? Technically, advisor is one of those bucket terms that means anything and everything, depending on context.

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10 Steps to Success With Angel Investors

Business Plan Blog

A capitalization table showing the post-investment ownership structure of the business to include founders, option pool and investors in the current round. 10 Steps to Success With Angel Investors.

Cap Tables Explained: Guide to Understanding Cap Tables

Board Effect

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.

Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

Many entrepreneurs lose track of what they have been cooking up in the cap table. The following scenarios represent typical recipes for trouble: Company X is early in business development, has a near-term need for capital to get through the next 3-6 months, and the management team has no understanding of how the equity should be divided up among its various constituencies (this includes option pools and what ownership stakes investors typically require at various development stages).

Introducing the Cap Table and Hiring the CTO

Feld Thoughts

As Finance Fridays continues, we are introducing the concept of the Cap Table. This week they set out to create their cap table and hire a CTO. Later, if they sell, the low tax basis and capital gains tax rates result in a lower tax liability than if they didn’t file the 83(b) election. Rather, it gets recorded in a document called the Capitalization Table (or “Cap Table”), which shows the ownership stake each person or entity has in the business.

Valuing Startup Employee Options

David Teten

Enter Raul: This capital table startup options valuation model was created with the purpose of valuing options for an illiquid, early-stage start-up. Finally, financial assumptions such as capital structure and taxes had to be considered. Venture Capital

Shorter Flights at Lower Heights: The Right Way To Angel Invest

But most Angels will fail to get back the capital they've invested (let alone make money), and it's not because they don't pick good companies or back great entrepreneurs — it's because they're completely mistaken about an Angel's role in the investing cycle.

Equity for Consultants – Keep it Simple!

I can tell you that, among other problems, any uncertainty in the capitalization table when the company is acquired will be resolved squarely and unequivocally in favor of the buyer. Cooley Report Reviews Second Quarter Venture Capital Financing Trends. Venture Capital.

How to Raise Startup Funding from Unlikely Angel Investors

Up and Running

According to the Angel Capital Association: Angels (private money) invest in 55,000 startups each year versus 1,500 companies by VC (venture capital) funding. However, entrepreneurs still need to approach angel investors offline for larger amounts of capital.

On the Road to Recap:

In Silicon Valley boardrooms, where “growth at all costs” had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue. About this same point in time, the journalists that focus specifically on the venture capital industry noted something quite profound. You can no longer simply look at the cap table and estimate your return. Competition also has access to capital.

Episode 8: Charlie’s Bcast Email, Startup Incubators, and 10 Reasons Why Startups Fail | The Bcast

Up and Running

They never worked with startups who needed to put together private placement memos for investors, capitalization tables and all of those things. Smart money should bring more to the table than just cha-ching in your bank account.

New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’ | Xconomy

New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’. Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing. As part of their decision, Correlation also tells startups up front how much capital will be reserved for follow-on investments—and the firm’s partners won’t take a board seat. “We

Startup Equity For Employees

Important disclaimer: Ive got experience negotiating stock compensation packages from both sides of the table. Owning the stock has a potentially significant tax advantage: it starts the timer for long-term capital gains. Any capital asset held for more than a year is taxed a low, long-term capital gains rate (currently 15% percent, maximum). Your 25,000 shares are now worth $250,000 and you only have to pay long-term capital gains tax when you sell.

Why is there such a large founder to early employee equity drop-off? - Quora

Update Link to Questions, Topics and People Add Find Questions, Topics or People Comment Rocky Kahn 1 vote by Marc Bodnick To a large degree compensation depends what one brings to the table. Quora Home About Login Sign Up Similar questions will display as you type.