thebarefootvc

MAY 8, 2012

The best VCs are the ones that balance their optimism, vision and enthusiasm for startups with realism based on very real constraints (the primary one being his/her own time, but also includes market development and exit timing). As an entrepreneur at heart, I often innately grasp the potential of entrepreneurs and ideas that I meet with.

Venture Capital 78

Venture Capital Syndicate Syndication Bandwidth 78

View from Seed

APRIL 30, 2015

If we don’t have a prior relationship, we’ll really want to try to develop that because it’s such a relationship play. If they can’t, then we want to know more about the existing investor syndicate, so we’re not the only ones at the table. NVV: Is there any dilution? Any equity the venture debt lender gets?

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

Agile VC

JULY 11, 2012

The names of these once great, now defunct firms may not be terribly familiar today but here are just a few examples: American Research & Development [Boston] –> Founded by George Doriot and depending how you count it, either the first or second formal VC firm in the US. What’s Your Favorite Future?

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

David Teten

JANUARY 19, 2021

Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. That said, Jonathan Bragdon, General Partner, Capacity Capital , points out that Flexible VC terms “twin” well with equity: providing less dilution while still providing investor assistance. .

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

JUNE 30, 2015

Or maybe your market hasn’t quite developed as quickly as you’d hoped. You may actually need to raise a few financing rounds just to get to a series A, so think about the syndicate you are constructing (will they be loyal to you?), Some still happen fast. But some take a windy road.

Seed Stage 120

Seed Stage Syndicate Syndication Dilution 120

Feld Thoughts

JULY 14, 2015

Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. And developing a reputation for recapping seed rounds is, in my book, silly. Here’s the scenario. In a single turn game, this might be rational behavior.

Recapitalization 70

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

View from Seed

JANUARY 28, 2016

This is the best time to fundraise because that’s when you are able to command a meaningfully higher valuation for your next round to minimize your own dilution. Third, we look for founders that are customer obsessed, and are inclined to do the careful work of customer development that makes the pre-seed really productive.

Cofounder 120

Cofounder Finance Founder Syndicate 120