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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

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Mobile Spinach – Mobile Commerce And Group-Buying Platform

YoungUpstarts

This makes redemption quick and convenient, without the hassle of showing printed emails or other methods employed by traditional group-buying sites. Our service allows merchants to build a loyal customer base over time, instead of attracting bargain-seeking consumers in a one-time burst.”.

Mobile 154
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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. III: Why are Revenue-Based VCs investing in so many women and underrepresented founders?

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How do the sample Series Seed financing documents differ from typical Series A financing documents?

Startup Company Lawyer

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. Co-sale rights.

Finance 70
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VC Term Sheets – Investors’ Option to Walk

Scott Edward Walker

Introduction This post originally appeared in the “ Ask the Attorney ” column I am writing for VentureBeat ; it is part of my ongoing series regarding venture capital term sheets. What Are the Key Issues for Founders? Second, founders should only agree to pay the investors’ legal fees and expenses if the deal actually closes.

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Model Series Seed Docs

The Startup Lawyer

The Amended and Restated Certificate of Incorporation includes the typical provisions you might find in a VC deal, less (i) preferential dividends, (ii) redemption rights, and (iii) price based anti-dilution. It also scales back the right of first refusal and jettisons the co-sale right. 3) Investors’ Rights Agreement.

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Philadelphia University Commencement Speech – May 15th 2011

Steve Blank

My third story is about Failure and Redemption. As time went on, I was a co-founder or member of the starting team for six high-tech startups…. As it turned out, rather than run me out of town on a rail, the two venture capital firms that had lost $12 million in my failed startup actually asked me to work with them.