Steve Blank
APRIL 26, 2022
Cram downs are back – and I’m keeping a list. Except, that is, for the bottom feeders of the Venture Capital business – investors who “ cram down ” their companies. A cram down is different than a down round. Cram downs wouldn’t exist without the founder’s agreement. Stopping Cram Downs.
Both Sides of the Table
APRIL 20, 2011
In the early 80’s he left academia to work on venture capital investing with Jim Simons, Renaissance Technologies. He also says it is important to be able to participate in follow on rounds so as not to get “crammed down”. Through his research he helped bring ARPANET to Philadelphia in 1973. and Half.com. Investor Involvement.
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Haystack
JANUARY 12, 2020
If the 2010’s were about the institutionalization of seed funds, I believe the next decade ahead will be a test of who can stake out their territory as these forces rise from the bottom and cram down from the top.
Growthink Blog
MAY 23, 2011
Through connections, or through a chance meeting at a networking or social event, an angel investor hears the entrepreneur's story, likes them and their technology, and on the spot, writes a check to provide the company with its first outside financing. There are a lot of dark, hard days.
Startup Professionals Musings
JUNE 2, 2013
Within the venture community, the first rule to remember is that opportunities abound these days, due to the increasing pace of technology evolution, and the scope and creativity of the global community. No VC or Angel investors I know are interested in a bunch of angry, crammed-down small investors as co-shareholders.
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.)
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