Remove Deal Structure Remove Non-Compete Remove Product Remove Revenue
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How VCs Think About Adding New Partners

Both Sides of the Table

Operating experience (Helped run parts of CitySearch & UrbanSpoon, tons of product management experience, Board of Hatch Labs which helped spawn Tinder). Helped merge company with Seedling – on track to do $20 million combined revenue in 2015 – will now become Chairman).

Partner 408
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The Pre-Seed FAQ

K9 Ventures

If it doesn’t have the product fully baked yet? A Seed round today — like the Series A round of yesteryear — requires some kind of traction or product. They shouldn’t even be looking for a fully built product. 6M-$15M used to scale customer acquisition and revenue). Those times are long gone.

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Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. The company did have some revenue and paying users, but not enough to make any judgement on the company’s future prospects. Non-compete. The company with all the revenue is Company C. Valuations.