Hunter Walker

AUGUST 8, 2023

Obvious caveats to my POV here, most specifically: exposure is limited to largely the US/SiliconValley ecosystem, driven by our own portfolio, my friends and co-investors, the funds I’m a LP in, and our institutional LP relationships. Restructures, Down Rounds, and Pay to Plays. Soft Acquisition Market.

Portfolio 97

Portfolio Cap Table LP Valuation 97

Both Sides of the Table

MAY 30, 2018

VC firms see thousands of deals and have a refined sense of how the market is valuing deals because they get price signals across all of these deals. What was the post money on your last round (and how much capital have you raised)? VCs hate “down rounds” and many don’t even like “flat rounds.”

Valuation 324

Valuation Post-Money Valuation Pre-Money Valuation Cofounder 324

Feld Thoughts

APRIL 21, 2016

Bill Gurley wrote an incredible post yesterday titled On the Road to Recap: Why the unicorn financing market just became dangerous … for all involved. “Many Unicorn founders and CEOs have never experienced a difficult fundraising environment — they have only known success. It’s long but worth reading every word slowly.

Marketing 70

Marketing Down Round Startup IRR 70

VC Cafe

OCTOBER 31, 2022

This is largely due to several major stock market crashes and global economic uncertainties. It’s a tough time for a lot of startup founders right now. Many companies are now having to resort to tough measures in order to stay afloat, including layoffs, down rounds and tough terms from current investors.

Founder 173

Founder Technical Review Down Round Liquidation Preference 173

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? They've got a handful of customers, maybe a few thousand users, and some initial traction.

Equity 40

Equity Employee Founder Cofounder 40

Rob Go

JUNE 1, 2016

Things are starting to go sideways, or the market has turned. No worries – insiders do a $20M round to get the company another year. The fund does a $5M chunk of this round. Where I think funds do start having hard conversations around follow-ons is when they need to lead inside rounds or protect themselves in down rounds.

Term Sheet 28

Term Sheet Portfolio Valuation Warrant 28

Reid Hoffman

JUNE 8, 2021

While many travel industry leaders chose to “go dark,” as Airbnb CEO and co-founder Brian Chesky put it , while they decided how to navigate next steps, Chesky took a different approach: He got candid. You can listen to the conversation on the Greymatter podcast here. It’s a market. EPISODE TRANSCRIPT. BC: Yeah, Reid.

Silicon Valley 69

Silicon Valley Hosting Rhode Island Design 69