View from Seed

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 120

North America Seed Stage Early Stage Lead Investor 120

This is going to be BIG.

MAY 12, 2014

You charge your limited partners this, but you have to pay it back before you start taking a cut of the profits. I hear that partners can make $300,000 on up to a million dollars at a big fund, and that''s before their cut of the upside. I send out my own term sheets and review docs myself--especially since I''m in sydicated rounds.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

Revenue 60

Revenue Technical Review Software Review Equity 60

www.xconomy.com

JUNE 9, 2012

Sakti3 Founder Sastry to Step Down From U-M. Co-Founder and CEO, Wetpaint. Managing Director, Enterprise Partners. Founder, DEKA Research and Development Corporation. New San Diego VC Firm Emerges as ‘The Moneyball of Venture Capital’. venture investments since 1987. Subscribe for Free.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Feld Thoughts

MARCH 5, 2018

Entrepreneurs need to understand what’s involved – from what to consider when picking the right venture partner and how to think about the economic and control rights at stake, to what life will be like after the deal closes. That not only benefits them, but it benefits us as their partners and investors. Raising money is hard.

Venture Capital 77

Venture Capital Cofounder Video Partner 77

VC Cafe

OCTOBER 27, 2011

The post “ What I learned from raising venture capital ” by Gabriel Weinberg , the founder of DuckDuckGo is one of them. WHAT TO DO WHEN RAISING VENTURE CAPITAL. Choosing your VC essentially as choosing a co-founder. Get the right partner at the firm.

Venture Capital 109

Venture Capital Term Sheet Angel Investor Due Diligence 109

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

Both Sides of the Table

DECEMBER 14, 2010

I was recently speaking with some founders about their fund raising process. They had received a term sheet from a VC and were wondering whether to work with this firm. I often tell people that raising venture capital is more difficult than getting married. Not so in venture capital. After Sept 08?

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). If you don’t, please educate yourself on this site, Venture Hacks and the term sheet series by Brad Feld/Jason Mendelson, among other places.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

Feld Thoughts

OCTOBER 28, 2016

In addition to fixing some lingering errors, lousy grammar, and poor word choices, we founder a few more places to insert Oxford commas so Amy and Ryan would be happy. There are two new forewords – one from Fred Wilson at USV (the VC perspective) and one from James Park, CEO and co-founder of Fitbit (the entrepreneur perspective).

Term Sheet 70

Term Sheet Cofounder Venture Capital Equity 70

Haystack

FEBRUARY 9, 2019

At the beginning of 2018, we almost invested in a startup with two strong founders. To make a long and private story short, on the morning I was about to call the founders to let them know I was in, they decided to amicably part ways. A few months passed, and we ended up investing in the company with one of the original founders.

Artificial Inteligence 107

Artificial Inteligence Algorithm Term Sheet Cofounder 107

Both Sides of the Table

FEBRUARY 8, 2010

This is part of my ongoing series on Raising Venture Capital. Not so in venture capital. As in real life – those that rush into marriage often find out what their partner is really like after the fact. But what about once you have a term sheet? You’re tied at the hip to your VC.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

Both Sides of the Table

APRIL 3, 2010

This is part of my ongoing series on Understanding Venture Capital. I recently wrote a blog post on understanding how the size and age of a venture capital fund might affect you when you’re raising money. 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

Both Sides of the Table

APRIL 17, 2012

Think about venture capital. So many had names of partners (Kleiner Perkins) or local favorite identifiers like trees (Sequoia). But if you were going to start a venture capital fund today, you’d want to stand out. I know that I call them often to co-invest.

Community 304

Community Los Angeles Startup Silicon Valley 304

ReadWriteStart

MAY 8, 2012

Regardless of whether you’re raising venture capital, approaching angels or still trying to figure out where to get started, it’s critical to stay level-headed about what you’re really pitching - and what it’s actually worth. Gina Mancuso , Founder and CEO of LoveThatFit. Avichal Garg , Co-Founder and CEO of Spool.

Cofounder 140

Cofounder Startup San Francisco Silicon Valley 140

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But, most of use raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . But in business, you want a lot of partners.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Eric Friedman

AUGUST 18, 2021

I lovingly call him the curmudgeon of fintech – in this episode we go deep into how he is building a venture capital firm and practice, not just running a fund and how he views the world of fintech investing. Today, we are lucky to welcome Dan Kimerling of Deciens Capital. I hope you take this as a term of endearment.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Both Sides of the Table

FEBRUARY 25, 2010

We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We ended up agreeing a term sheet for $16.5 I was resolute. Any deal. Things change.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Startup Lessons Learned

MAY 31, 2019

Scott Kupor is the managing partner at Andreessen Horowitz, where he’s responsible for all operational aspects of running the firm. I caught up with him recently to talk about venture capital from both sides of the equation, investing for the long-term, missed opportunities, and how he gets good ideas. ** Let's start with something basic.

Lean 108

Lean Venture Capital Conversion IPO 108

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. Greylock Partners · Reid Hoffman | Philosopher Versus MBA. Like many first time founders, I ran over that landmine.

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. Greylock Partners · Reid Hoffman | Philosopher Versus MBA. Like many first time founders, I ran over that landmine.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

BeyondVC

OCTOBER 13, 2004

I was speaking with a friend of mine today who mentioned that his term sheet for his Series A round fell through. To make a long story short, one of the co-founders of the company built the company’s software in his spare time. The more prepared you are the more impressed the VC is and the quicker the deal closes.

Software Review 60

Software Review Intellectual Property IP Due Diligence 60

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

reidhoffman.org

NOVEMBER 12, 2013

× At Greylock , my partners and I are driven by one guiding mission: always help entrepreneurs. Neither is a particularly good backdrop for trying to raise capital, because. When pitching VCs, think about the individual partner in the context of their partnership. What will that partner tell their partners?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Both Sides of the Table

JANUARY 11, 2011

If you want a very quick primer on all the stuff nobody ever tells you about raising venture capital check out this video where Mark Jeffrey & I break it down on This Week in VC. Meet with one person from the firm – partner or associate. Critically at the partners meeting you should have 2-3 people.

Non-disclosure Agreement 340

Non-disclosure Agreement NDA Cofounder Term Sheet 340

Both Sides of the Table

JANUARY 18, 2011

I first met the founder of Pose, Dustin Rosen , when he was a junior person with an LA-based venture capital firm called The Mail Room Fund. I asked him to present to my partners. Within 48 hours of meeting him we had a term sheet agreeing to fund $1.6 The other “first call” went to Founder Collective.

Term Sheet 303

Term Sheet Mobile Cofounder Early Stage 303

Both Sides of the Table

FEBRUARY 14, 2016

When I was an entrepreneur there was no public information about how term sheets worked or how investors thought. Many experienced partners are funds have 7-10 boards and most of these will need more capital. Many founders don’t understand why inside rounds are so difficult. All of these are false.

Valuation 150

Valuation Down Round Startup Later Stage 150

www.currentlyobsessed.com

MAY 28, 2010

Snapvine was my first experience being in the driver’s seat of the fund-raising process, and in the 3 years prior to our acquisition we raised over $10mm in venture capital. Valuation is an important aspect of VC deal terms, and a major determinant of your ultimate outcome. Read Terms that Hurt (Venture Hacks).

Valuation 42

Valuation Channel Pre-Money Valuation Term Sheet 42

www.gabrielweinberg.com

OCTOBER 24, 2011

I recently raised venture capital for the first time. Your VC is essentially buying in as a co-founder. Would you chose a co-founder that sucks? They're going to be with me long-term. They have a significant equity stake and other significant terms. I'm new at this. Of course not willingly.

Venture Capital 90

Venture Capital Term Sheet Cofounder Partner 90

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! And how did you find Ziv and Ilan?

B2B 62

B2B Cofounder Small Business 62

steveblank.com

JULY 8, 2011

Home Books for Startups Guide Secret History-Bibliography Steve Blank Startup Tools Steve Blank Entries RSS | Comments RSS Email Subscription Get Steve Blank via your RSS Feed RSS - Posts RSS - Comments Categories Air Force (12) Ardent (10) Audubon (1) Big Companies versus Startups: Durant versus Sloan (39) Business Model versus Business Plan (..)

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 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. National Venture Capital Association â?? Raising Venture Capital.

Software Review 53

Software Review Technical Review Startup 53