Feld Thoughts

SEPTEMBER 2, 2011

Jane and Dick, our fearless cofounders of SayAhh, have set up an accounting system and created their first set of financial statements. This week they set out to create their cap table and hire a CTO. The founders each have common shares that will vest over four years. Time to update the cap table.

Cap Table 133

Cap Table CTO Hire Technical Cofounder Cofounder 133

YoungUpstarts

OCTOBER 24, 2013

One of the challenges for investing in startups has always been the lack of an established way for founders and investors to actually measure and decide on the valuation of the startup concerned. “If you are an angel investor and a venture is seeking capital from you, insist on getting its Worthworm report.

Pre-Money Valuation 150

Pre-Money Valuation Web Technical Review Angel Investor 150

Pascal's View

JULY 9, 2017

Andrew Krowne and I recently co-wrote an article in Tech Crunch , Why SAFE Notes Are Not Safe for Entrepreneurs. The CEO/founder often has leeway to influence or negotiate the cap value (especially when the headline cap is softened by a discount). It will be worth the time and effort.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

YoungUpstarts

FEBRUARY 6, 2017

by Jason Mendelson and Brad Feld, co-authors of “ Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist “ So, you’ve got a brilliant idea and you’re ready to launch a company. Brad Feld and Jason Mendelson are cofounders of Foundry Group, a Boulder, Colorado–based venture capital fund.

Venture Capital 100

Venture Capital Term Sheet Technical Review Due Diligence 100

www.xconomy.com

JUNE 9, 2012

Sakti3 Founder Sastry to Step Down From U-M. Co-Founder and CEO, Wetpaint. Founder, DEKA Research and Development Corporation. So Coats and Kienzle set up Correlation to be a co-investor, not take board seats, and invest quickly—making it easier for lead investors and companies to quickly put a round together.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

David Teten

NOVEMBER 17, 2011

Such a model is particularly helpful for those founders looking for a co-founder or key employee. Since he graduated, he’s now Founder and CEO of a Latin America-focused based startup, Participa.me (“I participate”). Like me, he had the pleasure/pain of being trained as an investment banking analyst.

Employee 155

Employee IRR Startup Mexico 155

www.quora.com

SEPTEMBER 22, 2011

Type to Add and Search Questions; Search Topics and People Startups Startup Compensation Entrepreneurship Compensation Stock Options Major Internet Companies Silicon Valley Why is there such a large founder to early employee equity drop-off? The real question here is: why is it fair for founders to get so much more?

Equity 40

Equity Employee Founder Cofounder 40