Remove Deal Structure Remove Hiring Remove Revenue Remove Term Sheet
article thumbnail

The Pre-Seed FAQ

K9 Ventures

I’ve been an avid reader of Dan’s Term Sheet while he was at Fortune , and now Pro Rata at Axios. Unless every aspect of product development is covered by founders who are only receiving equity, there are other parts of building a product that will require hiring highly qualified people. Series A is the new Series B. (~6M-$15M

article thumbnail

How to value your company for sale (Part 2)

A Smart Bear: Startups and Marketing for Geeks

ME: Of course getting tied up with that might distract you from other growth opportunities, and sometimes buyers don’t like that you’re dependent on another company for revenue. It’s not the number, it’s the whole term sheet. But trying to work out the risk/reward of unknowable possibilities is worse.

Sales 235
article thumbnail

Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. Out of fairness, that’s why they wanted to hire me, to fix that issue. I’m wrong all the time.