View from Seed

FEBRUARY 12, 2020

If you have a term sheet in hand or know for a fact that you are about to get one, you can be pretty transparent and say that you are late in the process and are looking to make a decision by X date. If you don’t have a term sheet, my general approach is to communicate that you are early in the process.

Term Sheet 364

Term Sheet Burn Rate Founder Partner 364

www.seriesseed.com

DECEMBER 9, 2012

Series Seed Financing Documents Blog. Series Seed Financing Documents. Series Seed Term Sheet (v 2.0). Series Seed Term Sheet. Listed below are links to weblogs that reference Series Seed Financing Documents : 1 Reblog. SeriesSeed.com. Blog Archives.   Series Seed COI (v 2.0).

Finance 40

Finance Term Sheet Vesting LLC 40

Both Sides of the Table

MAY 21, 2018

He was in a later-stage financing round and was talking with many investors. I told him, “I know we don’t yet have a term sheet so you feel you need to listen to everybody’s request. But imagine you were expecting two term sheets imminently. How would you act then? This isn’t rude?—?it’s I knew she’s come see you.

Term Sheet 217

Term Sheet Later Stage Demand Email 217

Both Sides of the Table

MAY 13, 2018

If an investor isn’t engaging then they’re not suddenly going to get a term sheet. If we feel a mutual connection then my goal is to make your life easier by offering you a term sheet before you’re even raising and I’ll spend the time and effort trying to prove that it isn’t worth running a process.

Term Sheet 332

Term Sheet Due Diligence Campaign Sales 332

View from Seed

JANUARY 30, 2020

Partnering with an investor and/or board member is very long term commitment, and I’m always surprised by how little diligence founders do prior to signing up for what could be a 10+ year collaboration. Did you ever face serious financing risk? How did this differ in a weak vs. strong financing round? Are they prepared?

Due Diligence 195

Due Diligence Partner Term Sheet Finance 195

Gust

SEPTEMBER 5, 2012

How to finance a new seed-stage startup? ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. .” I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For

Finance 134

Finance Convertible Security Equity Seed Stage 134

Genuine VC

JANUARY 13, 2014

The idea is that a couple of highly-qualified VC conversations will follow the 80/20 rule of a “good enough” financing in a relatively short amount period without taking the time of an extended process to truly optimize the funding outcome. becomes the “pace-car” for that lap.

Term Sheet 206

Term Sheet Venture Capital Valuation Portfolio 206

Genuine VC

JANUARY 15, 2015

Of key importance, which we emphasize with our NextView portfolio companies when they’re out raising their Series A, is to run the conversations in parallel rather than serially. Often for a myriad of often idiosyncratic reasons, an entrepreneur is introduced to an attractive new potential VC partner late in the game.

Lead Investor 100

Lead Investor Term Sheet Venture Capital Portfolio 100

Both Sides of the Table

DECEMBER 14, 2010

They had received a term sheet from a VC and were wondering whether to work with this firm. 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? And in each firm you have partners who are different.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

Both Sides of the Table

APRIL 23, 2017

It’s why raising a round of capital often feels like a hollow victory because it almost feels like a temporary reprieve from the Grim Reaper and in a way every new round just sets the bar higher to clear for the next round of financing or the hope of reaching profitability. Having a list of VCs to approach is of course is a good start.

Burn Rate 238

Burn Rate Term Sheet CTO Hire Fractional CTO 238

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. Having been through the company-building process myself and after a decade in VC working with thousands of companies and negotiating hundreds of term sheets, I wrote this book to help demystify the process.

Lean 108

Lean Venture Capital Conversion IPO 108

David Teten

JULY 20, 2011

Discuss alternative arrangements such as caps, deferral until financing and equity as a form of payment. Clarify how work responsibilities will be shared between partners and associates at the firm. Often, there are certain aspects of a venture financing that are negotiable and others that are not. by Ed Reitler.

Intellectual Property 128

Intellectual Property Entrepreneur Term Sheet Venture Capital 128

Both Sides of the Table

JANUARY 31, 2011

But I start most conversations with “wantrepreneurs&# by saying, “make sure it’s in your personality type, make sure you have the risk appetite, make sure you can afford to take the risks given your life situations and make sure you know that there is a high possibility your startup won’t be hugely financially rewarding.

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

Growthink Blog

SEPTEMBER 9, 2011

The partners and associates at venture capital firms are known as venture capitalists. The term "VC" or "VCs" applies to both venture capital firms and venture capitalists. Conversely over 60% of investments lost money or failed to exceed the amount of money earned if the capital had been put in an interest-bearing bank account.

Venture Capital 114

Venture Capital Liquidity Event Initial Public Offering Term Sheet 114

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet. Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. Almost all of them would be characterized as venture capital, with a few exceptions for funds managed by The Blackstone Group ( BX ), Providence Equity Partners and Spectrum Equity Investors.

Naming 49

Naming Term Sheet Private Equity Equity 49

ReadWriteStart

MAY 8, 2012

Now, we’re focusing early conversations intently on our strategy for winning and our progress thus far, which gives investors a clearer picture of who we are and where we’re headed.” When you take an investment, you are taking on a partner, so you need to make sure they add value beyond mere dollars. When we raised our $1.3

Cofounder 140

Cofounder Startup San Francisco Silicon Valley 140

Rob Go

AUGUST 9, 2016

Once you get a term sheet from an investor or have strong indication that a term sheet is coming, start doing more serious diligence. – What was this firm’s process for follow-on financing? You probably want to speak with at least three founders that the investor has worked closely with in the past.

Term Sheet 28

Term Sheet Due Diligence Lead Investor Portfolio 28

Both Sides of the Table

JANUARY 22, 2011

But I start most conversations with “wantrepreneurs&# by saying, “make sure it’s in your personality type, make sure you have the risk appetite, make sure you can afford to take the risks given your life situations and make sure you know that there is a high possibility your startup won’t be hugely financially rewarding.

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

This is going to be BIG.

JANUARY 22, 2018

The responses I got came at a time when I've been having a lot of conversations with female founders as well about their fundraising experiences. Another thing that skews the process is the lack of accessibility of many partner-level VCs, especially to diverse communities. You're a partner at a firm, you're married, have kids, etc.,

Founder 100

Founder Conversion Naming Term Sheet 100

Reid Hoffman

JULY 27, 2021

During that conversation, we talked about some of my favorite philosophers and how I’ve applied their ideas to my own career. Greylock Partners · Reid Hoffman | Philosopher Versus MBA. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent. For example, MBA students take classes on accounting and finance.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

During that conversation, we talked about some of my favorite philosophers and how I’ve applied their ideas to my own career. Greylock Partners · Reid Hoffman | Philosopher Versus MBA. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent. For example, MBA students take classes on accounting and finance.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. I think there are some real virtues to that, however, when I talk to my business partner, Ishan [Sachdev], about it, I use a slightly different metaphor: I talk about Jiro [Ono], Nobu [Matsuhisa], and Benihana. On Sushi and VC.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. Cobalt for General Partners helps GPs to optimize their fundraising strategy. 1) Manage the firm

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. When you are presenting to a VC there are two conversations going on – the one you are presenting and the one that investors are thinking as they are listening to your presentation. (If

Customer Development 262

Customer Development Developer Customer Silicon Valley 262

Both Sides of the Table

JANUARY 11, 2011

Meet with one person from the firm – partner or associate. If you can meet a partner up front it’s always best but sometimes it’s not possible. Potentially several other qualifying meetings before you get to meet the other partners if the person you have met is not yet convince / wants to do more work.

Non-disclosure Agreement 340

Non-disclosure Agreement NDA Cofounder Term Sheet 340

venturehacks.com

OCTOBER 21, 2010

Later that evening you review the term sheet from Blue Shirt. Reading on, the term sheet states, “The $8 million pre-money valuation includes an option pool equal to 20% of the post-financing fully diluted capitalization.&# That does work if the company gets sold before another round of financing.

Option Pool 68

Option Pool Pre-Money Valuation Dilution Warrant 68

www.quicksprout.com

NOVEMBER 1, 2010

Although I have made a decent amount of investments, I don’t consider myself an “angel investor” because I don’t search for companies to invest in, I don’t lead financing rounds, and I don’t know how to read term sheets. When my business partner and I raised money for KISSmetrics we decided to be transparent with our investors.

Elevator Pitch 60

Elevator Pitch Revenue Entrepreneur SEO 60

Altgate

APRIL 22, 2009

 Today,  Wilson Sonsini  announced the launch of a " term sheet generator." "  It's basically a web tool that creates draft preferred financing term sheets for startups.  I got a preview of it a couple of weeks ago and my review is that it is really impressive!

Term Sheet 52

Term Sheet Intellectual Property Venture Capital Hawaii 52

Life Beyond Code

SEPTEMBER 27, 2011

Through this journey, we have raised the visibility of fundamental issues like the causes of exorbitantly high infant entrepreneur mortality, and alerted the entrepreneur community with a simple observation: Entrepreneurship = (Customer + Revenue + Profits); Financing is Optional. The rest of the services are for paying members only.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

steveblank.com

JULY 8, 2011

signup, upgrade, trial pricing Zuora – online subscription management FeeFighters – find the cheapest credit card processors HealPay – Collections made easy Customer Support Tender – support, knowledgebase tool for your site GetSatisfaction - conversations between companies / customers.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

GetSatisfaction - conversations between companies / customers. easy business finance software. YCombinator Series AA Equity Financing Documents. WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? Startup Threads. SlideShare.

Software Review 53

Software Review Technical Review Startup 53