Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! What key hires do you need? A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed.

CTO Hire 49

CTO Hire Cofounder Fractional CTO San Francisco 49

Rob Go

SEPTEMBER 4, 2018

Most of these rhyme with what we’ve said in the past, but some have also evolved to fit the changing landscape and our own convictions about what really matters for founders and their investors at the seed stage. Of the last 15 investments we’ve made, we’ve been the lead or co-lead investor over 80% of the time. .

North America 36

North America Seed Stage Early Stage Lead Investor 36

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! What key hires do you need? A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed.

CTO Hire 40

CTO Hire Cofounder Fractional CTO San Francisco 40

Both Sides of the Table

JUNE 5, 2015

Another problem that arises in financings these days is that after a VC submits a $2 million term sheet all of a sudden a large number of “helpful investors” pop up who were waiting for a “strong lead” and now all of a sudden a $2 million round becomes a $2.75m round. How much is in the option pool?

Pre-Money Valuation 150

Pre-Money Valuation Option Pool Post-Money Valuation Dilution 150

Up and Running

MAY 18, 2016

The Business Model Generation was co-created by 470 Business Model Canvas practitioners from 45 countries. If you have traction, things like hiring, raising funds, getting media attention, and getting acquired become a lot easier. Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. By Bo Peabody.

Startup 80

Startup Venture Capital Angel Investor Lean 80

Both Sides of the Table

NOVEMBER 18, 2012

You’d imagine that every founder was getting rich. Actually, positive outcomes for founders are quite rare. As a startup founder you rarely have much money in your bank accounts. But why don’t you just give me the damn term sheet you promised so I can trust you even more. It’s not. I know, right?

Monaco 420

Monaco Cofounder Chicago Mexico 420

Startup Lessons Learned

AUGUST 17, 2020

Here's my conversation with the founders of Revolution Foods. I'm the co founder and Chief Impact Officer at Revolution Foods. I'm the co-founder and CEO of Revolution Foods. I co-founded Revolution Foods with Kirsten Tobey in 2006 to ensure quality food access for all children across the nation.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Steve Blank

JANUARY 4, 2010

A first order filter is whether the founders are aiming for a scalable startup. Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. The question was: what did the founders want to do? One founder quit and joined Google.) Go For Broke.

Hockey Stick 276

Hockey Stick Venture Capital Startup Cofounder 276

www.xconomy.com

JUNE 9, 2012

Sakti3 Founder Sastry to Step Down From U-M. Q&A: Group Commerce Plans Hires, European Growth with $21M Funding. Co-Founder and CEO, Wetpaint. Founder, DEKA Research and Development Corporation. Our Cities ▾ Boston ›. Ministry of Supply Puts MIT Engineering Cred Into Dress Shirts. View More in Boston ›.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

David Teten

SEPTEMBER 6, 2015

Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. What are some of the unique benefits and constraints from the point of view of a founder? . However, founders shouldn’t take money from corporate VCs because of an exit expectation. New York Times’ timeSpace is a good example.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Both Sides of the Table

NOVEMBER 8, 2011

To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire. He previously co-founded Charlie , a Los Angeles based media company and interactive agency. So What is Different for Class Three?

Los Angeles 287

Los Angeles Silicon Valley Incubator Startup 287

Both Sides of the Table

APRIL 3, 2010

Second, more damning is the “signaling problem.&# This means that if a VC invests in your seed round and does not participate in a future round the next round investor will think to himself, “well, if Big VC Co. We used the Y Combinator open source term sheet. That founder wasn’t one of your angels.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

Hunter Walker

APRIL 27, 2014

We brief our major investors quarterly and decided to model our LP meeting after what “big funds” do, albeit with a few Homebrew flourishes :) Logistically this meant an afternoon session with presentations/Q&A then a dinner with founders/advisors. We love our founders. 2) Product Market Fit & Our Roadmap.

LP 97

LP Cofounder Term Sheet Valuation 97

Gust

OCTOBER 2, 2014

You’d imagine that every founder was getting rich. Actually, positive outcomes for founders are quite rare. As a startup founder you rarely have much money in your bank accounts. But why don’t you just give me the damn term sheet you promised so I can trust you even more. You hire them, you own them now.

Monaco 122

Monaco Cofounder Chicago Mexico 122

Spencer Fry

DECEMBER 7, 2011

One day you're on the top of the world — you've hired the person you dreamed about, you received your first term sheet, you pocketed your first revenue, etc. — You NEED a Co-Founder to Offload Stress. I use to think that after having co-founded two successful startups I wouldn't need a co-founder for my next one.

Cofounder 78

Cofounder Startup Term Sheet IPO 78

The Startup Lawyer

AUGUST 22, 2011

. “Control&# of a startup can manifest itself in various forms such as equal (or investor-favorable) representation on the board of directors or a requirement of obtaining seed investor approval for new hires and/or budget matters. You need to figure out why your potential angel investor wants to control your startup. Personal Guaranty.

Angel Investor 99

Angel Investor Dividend Dilution Cofounder 99

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. Like many first time founders, I ran over that landmine. It’s not like after completing the class I was prepared to negotiate a term sheet.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

As I discussed last week in the Greymatter podcast with my friend and Blitzscaling co-author Chris Yeh , I believe that a knowledge of philosophy is actually a great asset for entrepreneurs. Like many first time founders, I ran over that landmine. It’s not like after completing the class I was prepared to negotiate a term sheet.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Steve Blank

FEBRUARY 26, 2020

What most founders don’t realize is: Every stage of a startup requires a different set of metrics and milestones and founder skills. Knowing these will help a founder position her pitch to get investors’ attention. Founders need to keep their eye on the prize — not just the next funding round. Business Model.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

Cracking the Code

JULY 5, 2016

One of their secret: acqui- hiring. The most common solution is not necessarily the easiest, where companies hire a manager with expertise or a network in the chosen country, and enable him or her to hire a team of two or three people as support to get started. But, this is a highly emotional process for the acqui-hired team.

Italy 59

Italy Technical Review Germany Poland 59

Eric Friedman

AUGUST 18, 2021

Dan is the co-founder of Standard Treasury, a Y Combinator backed company. He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. I hope you take this as a term of endearment. Fred Ehrsam , his co-founder, is also incredible. On Sushi and VC. Everything we do.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

venturehacks.com

SEPTEMBER 22, 2011

In practice, you raise money or hire an employee because you need to, not because you want to. Say the equity equation tells you to pay a prospective hire above market. You should still pay the hire a market rate and save the company some equity. Say the equity equation tells you to pay a prospective hire below market.

Equity 40

Equity Cap Table Valuation RSS 40

Startup Lessons Learned

MAY 31, 2019

The reality today is that capital is more available than ever and entrepreneurs have become more sophisticated, so founders are looking for more than just cash from their venture backers. I’ve seen many founders not fully grasp how the venture capital business works and what incentives investors have.

Lean 108

Lean Venture Capital Conversion IPO 108

David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. The 11 Steps of Investing in Private Companies.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

reidhoffman.org

NOVEMBER 12, 2013

For example, the network enables job seekers to get introductions to people in the group they’re being hired into, or to people who could talk to that hiring group, or to the hiring manager themself. Improving the quality of hires or increasing the speed of the hiring process saves professionals time and money.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Scott Edward Walker

JUNE 26, 2012

An ‘A’ person who cannot communicate the value proposition of his or her innovation to ten to fifteen great ‘A’ hires will struggle to build a business.” - Roelof Botha (p.5) I want to meet not just the founder, I want to meet the other people in the company. .” - Roelof Botha (p.2) Where you feel that pain, see how you can solve it.

Term Sheet 72

Term Sheet Technical Review Due Diligence Cofounder 72

venturehacks.com

OCTOBER 21, 2010

Use a hiring plan to justify a small option pool, increase your share price, and increase your effective valuation. Later that evening you review the term sheet from Blue Shirt. Solution: Use a hiring plan to size the option pool. Next, make a hiring plan for the next 12 months.

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

www.currentlyobsessed.com

MAY 28, 2010

I have to admit, the light bulb didn’t go off for me until I was negotiating term sheets. Read Terms that Hurt (Venture Hacks). Read up on the “unwritten terms&# in term sheets having to do with exit multiples here For bootstrappers, the math is even easier: 100% of the upside goes to you and your awesome team.

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42

grasshopperherder.com

SEPTEMBER 24, 2011

« Thanks but No Thanks – Things to Avoid When Recruiting Co-founders Why is Cyber Squatter a Bad Word? Some have been as co-founder, most have been as a consultant with the possibility of becoming an paid employee, “as soon as we close our funding round.” The founder is very generous.).

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

Cracking the Code

MARCH 28, 2022

The first time I met Matan, Melio's co-founder and CEO, he told me that his mission was simple: he wanted to “help small business stay in business” by making B2B payments fast, simple and flexible. In fact the term sheet was signed the day before the world went into lockdown! But this would need more resources.

B2B 62

B2B Cofounder Small Business 62

mashable.com

JUNE 11, 2013

Or maybe the co-founders have a poisonous relationship that will hinder the companys growth. Check out the tips below from founders, CEOs and investors alike. Then remove half." — Jonathan Wegener , Founder, Timehop and ExitStrategy. ." — Jonathan Wegener , Founder, Timehop and ExitStrategy.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

steveblank.com

JULY 8, 2011

Reply Jarek , on February 27, 2011 at 11:51 pm said: What about CRM?

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

.” Hackernews list of “Tools of the Trade” for startups - includes over 150 SaaS tools used by startups, and over 150 comments with interesting insights from founders. find/hire freelancers. hire low-cost international engineering talent. VWorker - find/hire freelancers. WSGR Term Sheet Generator.

Software Review 53

Software Review Technical Review Startup 53