Steve Blank

NOVEMBER 2, 2009

In times when venture capital is hard to get, investors extract high costs for failure (down-rounds, cram downs , new management teams, shut down the company.) Sales people cost money, and when they’re not bringing in revenue, their wandering in the woods is time consuming, cash-draining and demoralizing.

Lean 260

Lean Silicon Valley Startup RSS 260

Both Sides of the Table

JUNE 5, 2011

I have conversations with entrepreneurs and other VCs on a daily basis about fund raising, the prices of deals, how much companies should raise, etc. I raised my A round at a $31.5 million post-money valuation with no revenue. I said both in the article but felt compelled to provide a statement up front for the skimmers.

Pre-Money Valuation 336

Pre-Money Valuation Valuation Silicon Valley Stock 336

ithacaVC

NOVEMBER 14, 2014

Here is Walla’s post: I can’t tell you how many times I’ve had this conversation. A founder is about to raise their first round and asking me how to value their company. [1]. Funding lets you invest in growing your company faster than revenue growth would normally allow. Revenue is how traditional businesses get valued.

Valuation 69

Valuation Startup Down Round Early Stage 69