Genuine VC

OCTOBER 2, 2012

After completing a long process identifying the right venture firms to pitch, running an exhaustive fundraising process, finding a mutual fit, and successfully negotiating terms… at last, the term sheet is signed. The two- to six- week time between the signing of the term sheet and closing is “venture limbo.”

Term Sheet 162

Term Sheet Founder Vesting Due Diligence Syndicate 162

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

David Teten

SEPTEMBER 6, 2015

Access to the corporate investor’s ecosystem can open up great opportunities from technology validation to customer and partner development. But most commonly these are customer relationships: the operating unit becomes one of the startup’s first or largest customers. This sector has come a long way and matured a lot. .

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Both Sides of the Table

APRIL 3, 2010

I believe these VC funds have suffered some amount of reputation fall out. We used the Y Combinator open source term sheet. We signed the term sheet within 48 hours and had funded in under 2 weeks. Great reputation. If you accept my terms you’re done. They elected to sign my term sheet.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

Feld Thoughts

JULY 14, 2015

The feedback is “come back when you’ve made more progress with customers.” The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. And developing a reputation for recapping seed rounds is, in my book, silly.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

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