View from Seed

JANUARY 13, 2021

The objection goes something like this: “yes, I can see rookie founders turning to you for a seed round. But won’t all good founders go to established firms that raise series A’s out of the gate?”. And quite a few founders make the choice to do YC first rather than raise a traditional seed or pre-seed round.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

Agile VC

JULY 11, 2012

What’s a “fair” split of fee income and carried interest when a partner joins several years/funds after others? Should there be a notion of “founder equity” for those individuals who put in the hard work to start a firm and build the brand? But it’s not quite that simple.

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

Professor VC

JULY 25, 2013

I''m a strong believer in fairness (although my daughters may not agree) and investors and entrepreneurs working together as a team to create something valuable to all stakeholders (customers, employees, founders, investors). AngelList (which I remain a big fan) also recently launched a syndicate program.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Professor VC

JUNE 20, 2011

Since the iControl system chronicles all meetings, I was able to find the automatic picture snapped from my first meeting with the founders, Reza Raji and Chris Stevens on April 22, 2004. Now that iControl has raised over $100M, this got me thinking back to our original business plan.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

This is going to be BIG.

FEBRUARY 25, 2019

The issue is that nomenclature creates a certain set of expectations that founders use to allocate the most precious of their resources—their time. They want to make sure that they can achieve fundraising goals as fast as possible and I am nothing if not a passionate defender of a founder’s time.

Syndicate 102

Syndicate Syndication Angel Investor Cap Table 102