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. At its core, this issue points to the lack of understanding about the importance of post-money valuation by both entrepreneurs and investors. Many entrepreneurs lose track of what they have been cooking up in the cap table.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Feld Thoughts

JULY 18, 2011

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 Capitalization Table. How Venture Capital Funds Work. Legal Things Every Entrepreneur Should Know. People regularly suggested that we turn the blog series into an actual book.

Term Sheet 162

Term Sheet Venture Capital Capitalization Table Finance 162

Early Growth Financial Services

AUGUST 23, 2013

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. 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 70

Valuation Stock Options Capitalization Table Early Stage 70

OnlyOnce

JULY 18, 2011

But as much as I enjoyed the early read, I felt like something was missing from the book, since its intended audience is entrepreneurs. The Capitalization Table. How Venture Capital Funds Work. Legal Things Every Entrepreneur Should Know. Bottom line: if you are an aspiring or actual entrepreneur, buy this book.

Term Sheet 92

Term Sheet Capitalization Table Venture Capital Finance 92

www.xconomy.com

JUNE 9, 2012

Coats says they each had spent more than a decade in venture investing at that time, and agreed that the process of funding new companies had become “way too time-consuming” for entrepreneurs and most VCs. We are literally getting hallelujahs from entrepreneurs for making the decision in record time,” Coats says. Connect with Xconomy.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Feld Thoughts

AUGUST 15, 2019

If you’re an entrepreneur who wants to raise capital and grow your business, this online course teaches you the basics you need to know for working with VCs. And, if you are starting off as a VC or a lawyer for venture capital deals and you want a refresher on the core issues in a term sheet, this online course is for you.

Term Sheet 34

Term Sheet Capitalization Table Venture Capital Video 34

onstartups.com

JULY 11, 2012

Aside from those who have always invested small amounts of cash in startups, more and more venture capitalists are making personal side deals, active entrepreneurs are investing in other entrepreneurs, seed funds are cropping up everywhere, and Angel List has emerged for the everyman. Everyone wins. This is an important one.

Angel Investor 77

Angel Investor Dilution Investment Bankers Valuation 77

Startup Professionals Musings

AUGUST 29, 2018

Yet crowdfunding is no panacea for hungry entrepreneurs and startups. Crowdfunding may look easy, via popular sites like Kickstarter and Indiegogo, but their cost in time, effort, and money by entrepreneurs is daunting. In fact, there are many types of crowdfunding, including donations, reward, pre-orders, loans, and equity.

Equity 180

Equity Due Diligence Angel Groups Liquidity Event 180

www.quora.com

SEPTEMBER 22, 2011

The barrier between entrepreneur and money (incubators, angels, etc.) Connections seems to make the most sense with serial entrepreneurs (or someone who had prior success). Many startups these days are first-time entrepreneurs. The risk to the entrepreneur is that he loses several tens of millions of dollars in opportunity cost.

Equity 40

Equity Employee Founder Cofounder 40

abovethecrowd.com

APRIL 20, 2016

Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry. The reason these terms can produce returns by themselves is that they set the stage for a rejiggering of the capitalization table at some point in the future.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Business Plan Blog

DECEMBER 26, 2013

The entrepreneur will need to be ready and able to respond to due diligence information requests. A capitalization table showing the post-investment ownership structure of the business to include founders, option pool and investors in the current round. Rights and restrictions of shareholders. Professional fees and costs.

Angel Investor 51

Angel Investor Due Diligence Pre-Money Valuation Angel Groups 51

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.

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

Up and Running

JULY 14, 2015

They never worked with startups who needed to put together private placement memos for investors, capitalization tables and all of those things. They never worked with the startup who had needed to raise multiple rounds of financing.

Incubator 60

Incubator Email Startup Oregon 60