Both Sides of the Table

APRIL 13, 2011

So we have five themes – Digital Life and Distribution are the other two.”. Distribution. Product Management – Brad and Mark discuss the role of Product Managers in Startups. One (thing) we have talked about in the past is a lack of Product Managers, experienced technology Product Managers. (in

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

Startup Professionals Musings

JUNE 29, 2012

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. Explain that they may be called, and use the opportunity to check their satisfaction with your company and your product. Validation of product.

Technical Review 245

Technical Review Due Diligence Term Sheet Startup 245

View from Seed

SEPTEMBER 4, 2018

Of the last 15 investments we’ve made, 8 have been pre-product or pre-seed style rounds. As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. It’s where we believe our expertise can be most helpful to a young company, and it’s what we love to do.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Startup Professionals Musings

DECEMBER 28, 2010

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. Explain that they may be called, and use the opportunity to check their satisfaction with your company and your product. Validation of product.

Technical Review 229

Technical Review Due Diligence Term Sheet Angel Investor 229

Both Sides of the Table

AUGUST 8, 2009

Traction can simply mean showing that you’re making progress with customers, product development, channel partners, initial revenue as a proof point, attracting well-known angel investors, winning industry awards / recognition. They tell you they’re going to ship product and they do. They hire key staff.

Technical Review 309

Technical Review Term Sheet Venture Capital Revenue 309

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. There was no viral social networking products back then like Twitter where people could easily discover your content. Free product. Folksonomy.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Mucker Lab

AUGUST 27, 2014

After stints as a technology investment banker, a dot-com entrepreneur, and a product manager in Silicon Valley, I moved to Los Angeles in 2006. Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. Ability” vs. “Knowledge”. The top tier funds see almost all of the best deals.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

View from Seed

AUGUST 17, 2021

In some cases, great companies massively expand the definition or potential of the market with innovative products, technology leverage, and great execution. I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet.

IRR 205

IRR Dilution Founder Portfolio 205

View from Seed

AUGUST 17, 2021

In some cases, great companies massively expand the definition or potential of the market with innovative products, technology leverage, and great execution. I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet.

IRR 156

IRR Dilution Founder Portfolio 156

David Teten

JANUARY 19, 2021

Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Womble Bond Dickinson has released a white paper on Performance Aligned Stock and a term sheet on ImpactTerms.org. . (If Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

AUGUST 17, 2021

In some cases, great companies massively expand the definition or potential of the market with innovative products, technology leverage, and great execution. I was speaking to the former CFO of one of our most valuable portfolio companies the other day, and she recounted how this company once pitched 70 investors to barely get a term sheet.

IRR 136

IRR Dilution Founder Portfolio 136

Rob Go

SEPTEMBER 4, 2018

Of the last 15 investments we’ve made, 8 have been pre-product or pre-seed style rounds. As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. It’s where we believe our expertise can be most helpful to a young company, and it’s what we love to do.

North America 36

North America Seed Stage Early Stage Lead Investor 36

This is going to be BIG.

JULY 27, 2017

It's fine if you want to learn about blockchain or you never do pre-product and maybe the founder will oblige your curiosity at some point, but right now, they need cash, so don't waste their time if chances are 0%. Does the VC need to call a special partner meeting because you already have three term sheets or is this the beginning?

Due Diligence 136

Due Diligence Term Sheet Cofounder Founder 136

Startup Professionals Musings

AUGUST 3, 2015

Investors are buying your business, not your product. The right investor will have specific feedback on pricing models, distribution and market positioning to improve scalability. Count on the investment process to take three to four months. Use initial feedback wisely to improve your case.

Cost 120

Cost Angel Groups Due Diligence Silicon Valley 120

Both Sides of the Table

JUNE 28, 2011

When we talk about cloud computing we have to be careful to differentiate between open cloud (services the are provided solely to for the economic purpose of building a cloud business) and the “platform cloud&# where certain service providers offer cloud services wrapped around their core product. These are very different.

Venture Capital 334

Venture Capital Software PHP Open Source 334

K9 Ventures

APRIL 14, 2020

By this point almost everyone (with a couple of holdouts) on the HiHello team was already on Pragli and I had used it enough to know that I really liked the product. I also shared some ideas with them on product, pricing, and go-to-market, in the hopes that they would be intrigued enough to let me and K9 invest in the company.

Cofounder 127

Cofounder Venture Capital Guerilla India 127

YoungUpstarts

NOVEMBER 29, 2015

Once you have your product patented, you may be disconcerted at the thought of manufacturing it yourself. For many entrepreneurs and inventors, mass producing and distributing products simply doesn’t play to their strengths. The alternative is to license a newly patented product. Consider Licensing. Know your objectives.

Technical Review 100

Technical Review Intellectual Property Due Diligence Los Angeles 100

Both Sides of the Table

MAY 25, 2013

As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. And I’ll know in 18 months whether we have product / market fit. Many entrepreneurs come by with great pitches and say, “I’m hoping to have term sheets in the next 30 days.”

LP 374

LP Later Stage IRR Term Sheet 374

Rob Go

JULY 17, 2014

As former operators and product-oriented entrepreneurs, Dave, Lee, and I tend to think of our firm as a startup company and our approach to investing as our product. It shows that things are working and there is product/market fit, but there is a long way to go towards building an enduring company of great consequence.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Startup Lessons Learned

AUGUST 17, 2020

But I especially admire the way that you have thrown yourselves into relief efforts very different from the product that you were building just a few months ago. So would you talk a little bit about the history of the company and what the product was pre-crisis. We were at Haas School of Business.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Reid Hoffman

JULY 27, 2021

When I decided I wanted to start a company, I realized that I needed to pick up certain skills first, like product management, knowledge of online services, and a practical understanding of commercial software development. I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

When I decided I wanted to start a company, I realized that I needed to pick up certain skills first, like product management, knowledge of online services, and a practical understanding of commercial software development. I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Startup Lessons Learned

MAY 31, 2019

Many very successful, non-technology companies have also been products of venture capital, including Home Depot, Starbucks, and Staples. Having been through the company-building process myself and after a decade in VC working with thousands of companies and negotiating hundreds of term sheets, I wrote this book to help demystify the process.

Lean 108

Lean Venture Capital Conversion IPO 108

Steve Blank

FEBRUARY 26, 2020

Every year I teach classrooms full of students who leave class understanding the basics of how to search for product/market fit—and thinking their next goal is to “get funded.”. You (think) you have product-market fit with real customers and real revenue and need money to grow and expand. It’s sometimes called “product/market fit.”

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

David Teten

DECEMBER 3, 2019

Automation allows you to spend less time on tedious tasks and will help boost productivity, especially within a small marketing team. Russell Rothstein, Founder and CEO, IT Central Station , a product review site, said, “We see VCs on our site very often. They read reviews of the products of target investments.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Professor VC

JUNE 20, 2011

The business model (OEM through broadband and home security companies for mass distribution) if not specific product functionality has remained largely the same. At this time, we had secured a term sheet from a co-investor from one of my other angel investments (Thanks, Graeme!)

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Both Sides of the Table

DECEMBER 2, 2010

You can also spend time with a newer startup helping them navigate the world of product management, venture capital or team building. His term sheet series helped me at a time when I needed help. years where I developed skills building distributed systems over networks. Sure, you can get away with less, but why?

Europe 352

Europe France San Francisco Chicago 352

abovethecrowd.com

APRIL 20, 2016

The Sharks Arrive With Dirty Term Sheets. Dirty” or structured term sheets are proposed investments where the majority of the economic gains for the investor come not from the headline valuation, but rather through a series of dirty terms that are hidden deeper in the document. Who are the Sharks?

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Both Sides of the Table

MAY 22, 2010

In my show with Dana Settle (near the very end of the video if you’re interested) I said two things: 1) I’m routing for Huddle because I always route for UK-based companies and 2) I was worried that they were spread too broadly and perhaps they should focus around a few key areas in which they can build market-leading products.

Term Sheet 266

Term Sheet Europe Wiki Cloud 266

Hunter Walker

JUNE 23, 2013

Blogger has passed through the hands of many smart product managers but today isn’t moving fast enough for me, and much of its development seems focused on integration of G+, not remaining an open, neutral publishing platform. Tumblr – Obviously great mobile product, simple toolset and upside of re-distribution ease via dashboard.

Term Sheet 85

Term Sheet Distribution Aggregator Software 85

Life Beyond Code

SEPTEMBER 27, 2011

Thus, I have come to the conclusion that if I could help a million entrepreneurs globally reach $1 million in revenue (and beyond), that would be the foundation of a robust, distributed, and sustainable economic value creation that would add up to a trillion dollars in global GDP. a distributed, democratic model of capitalism.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

ReadWriteStart

OCTOBER 6, 2011

The 1M/1M program aims to help a million entrepreneurs globally reach $1 million in revenue (and beyond), thereby building the foundation of a robust, distributed and sustainable economic value creation that would add up to $1 trillion dollars in global GDP. a distributed, democratic model of capitalism. What makes 1M/1M unique?

Silicon Valley 118

Silicon Valley India San Francisco Entrepreneur 118

steveblank.com

JULY 8, 2011

AgileZen – project management visually see and interact with your work Kanbanery – Simple online team or personal kanban board LeanKit Kanban – Great for visualizing work of product development Kanban Pad – “Nice and lean” and free online Kanban tool Banana Scrum – A tool simple as Scrum itself.

Software Review 110

Software Review Startup Silicon Valley Analytics 110

www.vccafe.com

MARCH 11, 2013

free, distributed source code control management system. Great for visualizing work of product development. agile product management. agile product management and Scrum tool. agile product management and Scrum tool. Agile project management tool collaborative product life-cycle. WSGR Term Sheet Generator.

Software Review 53

Software Review Technical Review Startup 53