David Teten

JANUARY 19, 2021

From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Equity Ownership. Yes, typically preferred equity. On average, founders own just 43% of equity by Series B , declining thereafter. Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

APRIL 30, 2015

Glen Mello: Venture debt is a good complement to equity. It’s generally got a lower cost compared to equity capital and can help support growth. From a company milestones perspective, entrepreneurs who take on venture debt are almost always thinking about raising that next round of capital from other institutions.

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

Agile VC

JULY 11, 2012

in equity & loans which was ultimately worth >170x ($355M) when DEC went public about a decade later. Should there be a notion of “founder equity” for those individuals who put in the hard work to start a firm and build the brand? Im a former Silicon Valley entrepreneur turned East Coast VC. Read More ».

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

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. The new money comes in at a pre-money valuation of $100, but includes a complete refresh of founder equity to 40% of the company.

Recapitalization 70

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

Austin Startup

MARCH 7, 2021

It’s like a dam has broken and now there is a flood of new entrepreneurs, investors, and big companies moving to Texas. In 2019 and 2020, we saw hundreds of millions of dollars in non-dilutive funding go to Texas startups, most of which had never worked with the government before. they are all chasing talent.

Texas 90

Texas San Antonio Houston Dallas 90

View from Seed

JANUARY 26, 2016

As a result, Series A investors could really hang back and just wait for the companies that broke out from the pack in terms of traction or for those that were founded by blockbuster, repeat entrepreneurs. And all of that is a lot to absorb and understand, let alone react to as an entrepreneur who’s full-time job is not to fundraise.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Rob Go

AUGUST 26, 2013

Often priced equity, but often convertible note. As a result, many seed funds have pulled back, started making later stage investments, and even focusing more on mini-Series A’s with a syndicate of seed funds. More often these days, there are more like $1.5M or even more. Post-product, early customer data, somtimes real revenue.

Valuation 68

Valuation Seed Stage Syndicate Syndication 68