View from Seed

JANUARY 13, 2021

What has happened is that over the last 10 years, the vast majority of successful startups have raised some sort of a seed round prior to a series A. And yes, a seed fund may have a tougher time holding on to their ownership down the road, and thus get diluted down. Both factors will hurt your ownership relative to fund size.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Part of the magic of revenue-based financing is how historical performance and strong, achievable financial projections are ultimately the backbone of how RBI/RBF investment decisions are made.” of startups raise VC. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Austin Startup

MARCH 7, 2021

Austin, Dallas, Houston, San Antonio form a massive startup Megalopolis that is attracting top talent, impact-focused investors, and the most innovative companies in the world. Startups and investors should treat Texas like one big city. These are all potential customers and strategic partners for startups.

Texas 90

Texas San Antonio Houston Dallas 90

View from Seed

JANUARY 26, 2016

It’s become increasingly common for startups to raise several seed rounds, and this has led to a bifurcation in the seed stage between what are known as “pre-seed” (or “genesis”) and institutional seed rounds. The entire funding progression of startups pushed out to the right.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Rob Go

SEPTEMBER 2, 2014

The founder sacrificed having potentially “smarter money” around the table, but got the same amount of dollars in the bank for less dilution. With the advent of more open, standard financing documents, it’s also more possible for founders to just set terms themselves and have investors subscribe.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

View from Seed

JANUARY 28, 2016

When we talk about seeds, we mean your first outside round of financing at the earliest stages of your business. In my prior post, I talked about the rise of the pre-seed and a more nuanced definition of a pre-seed based on milestones, not financing labels. This staged approach is often much better for the founders as well.

Cofounder 120

Cofounder Finance Founder Syndicate 120

Professor VC

JULY 25, 2013

Startup outcomes tend to be very binary. Another area where I''m not sure I stand is with some of the more formal referral and syndication programs that are emerging now. AngelList (which I remain a big fan) also recently launched a syndicate program. The other investor could''ve certainly lobbied to get me an allocation.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46