Feld Thoughts
JUNE 10, 2022
She has a good article today in TechCrunch titled Embrace the down round (it’s going to be okay, maybe). I like the quote she pulled out of me in our conversation. ” Now, I’m not encouraging anyone to do a down round if unnecessary., If you can do this cleanly, take the money.
Both Sides of the Table
JUNE 30, 2016
I understand this instinct for more capital and I have two very different personal experiences: In my first company we raised an A-round of $16.5 conversation literally every week with startups. A $15–20 million valuation sounds better than an $8 million valuation, doesn’t it? I have this “How much should I raise?”
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Both Sides of the Table
MAY 30, 2018
I thought I’d write a post about how to talk about valuation at a startup and give you some sense of what might be on the mind of the person considering funding you. 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.”
Both Sides of the Table
SEPTEMBER 28, 2014
Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Valuation. I wanted to call out special attention to valuation in this debate. So a large part of your personal assessment on how much you can afford to burn also has to be your current valuation.
Both Sides of the Table
JUNE 5, 2011
2: As expected at least one person accused me of writing this post because I want to see lower valuations. 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. You can be pissed off, but I don’t set prices. That’s stupid.
Feld Thoughts
FEBRUARY 9, 2016
Much of it is very short term focused and, like a giant tractor beam, draws the conversation into a very short time horizon (as in days or weeks). This is a little tricky in early rounds and with modest up-round financings, as you’ll often have a liquidation preference that is high relative to your overall valuation.
ithacaVC
NOVEMBER 14, 2014
I have written about startup valuations previously. If you are advising startup founders, I strongly suggest having them read all 4 of the posts to get the lay of the startup valuation land. Here is Walla’s post: I can’t tell you how many times I’ve had this conversation. Valuations of other companies like you.
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