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. Ted: Great service to the startup community!

Finance 40

Finance Term Sheet Vesting LLC 40

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. Womble Bond Dickinson has released a white paper on Performance Aligned Stock and a term sheet on ImpactTerms.org. . (If Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

The Startup Lawyer

AUGUST 24, 2010

Just like the preferred equity financing process, the convertible debt financing process can start with a term sheet, rather than a full set of financing documents. Closing : Is there a specific date that the convertible debt financing will close, or will there be an open round of seed investment ?

Term Sheet 62

Term Sheet Pre-Money Valuation Liquidity Event Warrant 62

Gust

SEPTEMBER 29, 2011

The most successful serial entrepreneurs in the world may found three or four, perhaps even eight or ten venture-backed startups over the course of their careers. It should therefore come as no surprise that an asymmetry of information exists, mostly gleaned from experience, between founders and investors in a venture financing deal.

Finance 178

Finance Term Sheet Preferred Stock Bridge Financing 178

Business Plan Blog

NOVEMBER 13, 2013

Most startup founders do not have enough capital to launch their companies and need to raise money at some point. FFF investing is not a short-term play and mostly investors do not get a return on their investment immediately. Individual investors who provide financial funding to startups are called ‘Angel Investors.’

Finance 93

Finance Accredited Investor Angel Investor Seed Capital 93

Gust

OCTOBER 12, 2011

Last week , we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece. I’ll continue with more specific terms and wrap up next week with some thoughts about recent changes and trends for the future. First, a word about the maturity date.

Finance 107

Finance Term Sheet Pre-Money Valuation Early Stage 107

Both Sides of the Table

SEPTEMBER 18, 2014

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago.

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Both Sides of the Table

MAY 13, 2018

If you truly believe that you, your company and your products are exceptional and your company will be valuable then you’re actually doing them a FAVOR by helping them invest in your startup. If an investor isn’t engaging then they’re not suddenly going to get a term sheet. You can short-hand this as “engagement.”

Term Sheet 332

Term Sheet Due Diligence Campaign Sales 332

Gust

OCTOBER 21, 2011

For convertible notes, the only liquidity event we need be concerned with is an acquisition of the startup in the near future, before the maturity date; otherwise, the notes will convert to equity of one kind or another, and the eventual sale of that equity (in a public offering, acquisition, or private sale) is a different subject for another day.

Finance 79

Finance Pre-Money Valuation Term Sheet Liquidity Event 79

Startup Company Lawyer

AUGUST 31, 2012

Over the past few years, convertible debt has emerged as a quick and inexpensive method for startup companies to raise money from angel investors and early stage venture funds. One major concern about convertible debt is that it eventually needs to be repaid if another round of financing doesn’t occur. Background.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

Gust

OCTOBER 5, 2011

Last week , we gave some attention to the “why” behind convertible note financing for early stage startups. In this installment, I’ll dig into the “how” by dissecting an example term sheet based on a real deal. As with so many subjects in law and finance, mastering the jargon is half the battle.

Finance 79

Finance Preferred Stock Term Sheet Early Stage 79

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?

Term Sheet 217

Term Sheet Later Stage Demand Email 217

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

Scott Edward Walker

JUNE 9, 2019

Over the past few weeks, two of my clients have received financing term sheets in which the investors requested super pro rata rights. Accordingly, I thought it would be helpful for founders to discuss these rights and to point out the problems they create for startups. Introduction. Pro Rata Rights.

Preferred Stock 56

Preferred Stock Term Sheet Dilution Stock 56

Both Sides of the Table

JUNE 5, 2015

Over the years I’ve written extensively about the downsides of convertible notes for startups such as here , here and here. So how DOES a VC think about financings at early stages? Then all of sudden when you get a strong lead term sheet everybody wants to chuck in “just $250k” and before you know it the round is $3.5

Pre-Money Valuation 150

Pre-Money Valuation Option Pool Post-Money Valuation Dilution 150

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

View from Seed

JANUARY 30, 2020

It’s very hard to really tell who might be the perfect fit for your startup. If you have a strong relationship with a founder that a VC has backed, that is usually the best intro you can get to kick off conversations with the investor. Did you ever face serious financing risk? Where is this investor not as strong as others?

Due Diligence 195

Due Diligence Partner Term Sheet Finance 195

Both Sides of the Table

SEPTEMBER 5, 2012

Was Paul Graham right in his “high resolution” financing post? I can’t say it much simpler than this: “What if I took some of the worst, most egregious terms in a standard term sheet and made them the defacto standard in most convertible debt deals? Let me explain it more clearly in equity terms.

Ratchet 354

Ratchet Liquidation Preference Equity Stock 354

Both Sides of the Table

JANUARY 31, 2011

If you’ve taken the roller coaster ride that is a startup – you know what I’m talking about. The truth is that in my experience very, very few people really enjoy the “pure&# startup environment: months with no salary, months with no live product and lots of trial, error & rejection. But we had a term sheet !!!

Entrepreneur 384

Entrepreneur Startup Salary Egypt 384

Startup Lessons Learned

MAY 31, 2019

He’ll be speaking at this year’s Lean Startup Conference , and also has a new book (for which I very happily wrote a short foreword) coming out next month: Secrets of Sand Hill Road: Venture Capital and How to Get It. It used to be that startups went public about 6-7 years from founding; that number is now 10-12 years.

Lean 108

Lean Venture Capital Conversion IPO 108

K9 Ventures

APRIL 14, 2020

For the last two plus years, I have been running a startup, HiHello , as it’s CEO. Several months ago I was having a conversation with my friend and former co-worker @ HiHello, Leith Abdulla , about how I am frustrated with Slack and want a tool that removes the friction for communication with the remote team.

Cofounder 127

Cofounder Venture Capital Guerilla India 127

ReadWriteStart

MAY 8, 2012

Approaching investors for the first time is a daunting exercise for any startup. The best way to do that is to leverage the hard-won experience of real-world startup. Turns out that while every startup is unique, they share some common difficulties in trying to find just the right strategies and tactics for funding their companies: 1.

Cofounder 140

Cofounder Startup San Francisco Silicon Valley 140

Both Sides of the Table

APRIL 23, 2017

When you run a startup you’re always on borrowed time. 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.

Burn Rate 238

Burn Rate Term Sheet CTO Hire Fractional CTO 238

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. But what about once you have a term sheet? They made great introductions, they helped you get financed, the put in more money themselves, they helped you strategically and they helped you with your exit.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

SoCal CTO

JULY 13, 2010

Some great content around the intersection of startups and being a Startup CTO in June this year. This continues my series of posts: Top 29 Startup Posts May 2010 Startup CTO Top 30 Posts for April 16 Great Startup Posts from March There was some really great content in June. It shows a lack of interest.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

Feld Thoughts

FEBRUARY 15, 2016

While going through my daily reading this morning, I came across a bunch of posts talking about how the sky was falling, Silicon Valley was in turmoil, financing was drying up everywhere, and all the unicorns were doomed. When I was an entrepreneur there was no public information about how term sheets worked or how investors thought.

Silicon Valley 70

Silicon Valley Term Sheet Early Stage New York 70

Scott Edward Walker

JUNE 13, 2011

I’m using Twitter as a form of micro-blogging to share interesting blog posts, articles and podcasts relating to entrepreneurship and startups, M&A and legal issues. ” -Marc Andreessen [link] “In the B round I had 6 slides and in a couple of weeks we had 8 term sheets. .” What Tech Bubble? Less is more.”

Term Sheet 45

Term Sheet Seed Capital Conversion Rights RSS 45

Both Sides of the Table

MAY 10, 2018

What you don’t know is that MANY of these financings have been a months’ long series of no’s, compromises, hard terms, heartaches, arguments, self doubt, followed by a “yes” that saves the day. When you finally get a term sheet you get three. Fund raising seems so easy for everybody else and you’re doing something wrong.

Term Sheet 232

Term Sheet France Technical Review Restful 232

Both Sides of the Table

JANUARY 22, 2011

If you’ve taken the roller coaster ride that is a startup – you know what I’m talking about. The truth is that in my experience very, very few people really enjoy the “pure&# startup environment: months with no salary, months with no live product and lots of trial, error & rejection. But we had a term sheet !!!

Entrepreneur 176

Entrepreneur Startup Salary Egypt 176

David Teten

JULY 20, 2011

I asked Ed to write up some thoughts on how startups and principals in general can best work with lawyers. Discuss alternative arrangements such as caps, deferral until financing and equity as a form of payment. 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

Steve Blank

APRIL 1, 2020

So here’s a five-day playbook to help CEOs of cash-flow negative startups, or ones about to go negative, assess the new normal and respond with speed and urgency. For companies burning cash, such as startups, how much cash do you have? For startups: source of VC money? Some VC’s are walking away from signed term sheets.

South Korea 333

South Korea Salary Business Model China 333

The Startup Lawyer

FEBRUARY 4, 2011

Great news — your startup just got accepted to an incubator! But before your startup signs up and cashes that $[XX,000] check, your startup’s co-founders should sit down and evaluate the incubator’s offer. Pre-money valuations startups receive from incubators are typically low…really low.

Incubator 105

Incubator Pre-Money Valuation Option Pool Advisory Board 105

Gust

DECEMBER 27, 2012

You should know every metric regarding customer acquisition, conversion and retention. The second reason is that investors want to know that YOU believe in your own startup…and the best way for you to demonstrate that is to show that you have personally put your own money where your mouth is. And I mean *everyone*.

Software Review 164

Software Review Term Sheet Technical Review Angel Investor 164

Feld Thoughts

FEBRUARY 28, 2023

Corporate law: In Germany, most companies in general and most VC-financed companies are structured in the legal form of a “Gesellschaft mit beschränkter Haftung” (GmbH). KG companies have decisive tax disadvantages for startups and are, therefore, rarely used in this area. In other cases, it was a lot more challenging.

Germany 165

Germany Liquidation Preference Option Pool Advisory Board 165

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. Nothing gets in the way of their pursuit of startup success. A lot of MBA students tell me that they’d like to found a startup, but aren’t sure if they’re ready. Not Teaching the Right Skills.

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. Nothing gets in the way of their pursuit of startup success. A lot of MBA students tell me that they’d like to found a startup, but aren’t sure if they’re ready. Not Teaching the Right Skills.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

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. I could be wrong, but there's really no way to have an objective conversation about that unless you get traction. I offered a term sheet to lead a $1.6mm financing.

Founder 100

Founder Conversion Naming Term Sheet 100