Agile VC

APRIL 17, 2011

paying for travel data from ITA or others (customers acquisition spend is not included in COGS). Notes: In an IPO preferred share classes are converted into common stock, and liquidation preferences and accumulated but unpaid dividends essentially go away. Revenue growth: 51% YoY (2010), 1% YoY (2009), 131% YoY (2008).

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Scott Edward Walker

NOVEMBER 26, 2017

The way the investor thinks about it is that, if you can’t figure out your way to network your way to [an investor],… then you’re unlikely to be able to network your way into hiring a great team, or network your way into selling your product to customers. (at In fact, in this new fundraising environment (with syndicates on AngelList , etc.),

Term Sheet 63

Term Sheet San Francisco Founder Investment Bankers 63

Tim Keane

APRIL 12, 2006

Are you able to explain why your product is a compelling purchase for the customer, and how the customer will make buying decisions? We don’t like them and would prefer not to be involved. If the investors ideal size is smaller than your need, you ought to ask about syndication. past round one. past round one.

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60

www.paulgraham.com

APRIL 28, 2010

By which I meannot that it has to make something physical, but that it has to haveone thing it sells to many people, rather than doing custom workfor individual clients. Custom work doesnt scale. An advantage of consulting, as a way to develop a product, is thatyou know youre making something at least one customer wants.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76