Hunter Walker

APRIL 20, 2014

And your term sheet waits at the bottom. A distribution relationship? Still lots of hard work and good fortune to close the deal, but your term sheet is right on the other side.' Now I want to spend a few paragraphs on framing the pitch — I call it The Belief Funnel. Do I Believe There’s a Market Here?

Term Sheet 97

Term Sheet Lean Distribution Web 97

Startup Professionals Musings

JANUARY 17, 2015

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. This is the mysterious and dreaded due diligence process, which can kill the whole deal. Traction in the marketplace.

Technical Review 120

Technical Review Due Diligence Startup Term Sheet 120

Startup Professionals Musings

JULY 26, 2013

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. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 242

Technical Review Due Diligence Startup Term Sheet 242

Both Sides of the Table

APRIL 13, 2011

So we have five themes – Digital Life and Distribution are the other two.”. Distribution. The following is a brief series of quotes from just ten of the approximately 30 different topics discussed in this incredible interview. Is that when it became big? Human Computer Interaction. Protocol Digital Life.

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. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 245

Technical Review Due Diligence Term Sheet Startup 245

View from Seed

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. We see innovation becoming more broadly distributed over time, and outlier companies being built in more and more places. Belief #3: Outlier Companies Can Be Built Anywhere.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Scott Edward Walker

JULY 7, 2011

Introduction This post originally appeared in the “ Ask the Attorney ” column I am writing for VentureBeat ; it is part of my ongoing series regarding venture capital term sheets. Moreover, there are significant restrictions under applicable State law regarding redemptions if the company does not have the legally-available capital.

Term Sheet 49

Term Sheet Redemption Venture Capital Preferred Stock 49

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. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 229

Technical Review Due Diligence Term Sheet Angel Investor 229

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. Distributed version control model – first in the industry like ours and we are filing patents. That changed very quickly. Folksonomy. Free product.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

AUGUST 8, 2009

They tell you that they’re working on biz dev deals with distribution partners and they get the deals signed. And I know many stories of Benchmark or similar investors writing term sheets after the first meeting. Over deliver - The people who get funded are the people who actually get things done. They hire key staff.

Technical Review 309

Technical Review Term Sheet Venture Capital Revenue 309

Mucker Lab

AUGUST 27, 2014

Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. The best entrepreneurs have been coached to run a tight process, to shop their term sheets to a myriad of VCs, all of whom have great reputations and large networks.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

View from Seed

AUGUST 17, 2021

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. But in a world of power-law distributions and the near magical scale enabled by software, the potential upside far outweighs the downside in most cases.

IRR 205

IRR Dilution Founder Portfolio 205

This is going to be BIG.

MAY 5, 2023

She’s already a seasoned pro—three term sheets got signed in her room at the NICU where she spent the first 80 days of her life. In other words, there’s still lots of work left to do here and the lights will stay on until the last investment wraps up. No new investments. No more responding to fundraising decks.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Up and Running

JANUARY 26, 2012

Firstly, you need to identify some potential smart investors (by ‘smart’ I mean investors who bring more to the table than just cash i.e. access to a network of contacts, distribution etc). Finally you need to be very clear on the terms of the investment i.e. above and beyond the headline rates.

Term Sheet 94

Term Sheet Exit Strategy Software Review Early Stage 94

View from Seed

AUGUST 17, 2021

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. But in a world of power-law distributions and the near magical scale enabled by software, the potential upside far outweighs the downside in most cases.

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 liquidity. Equity VC is a “get rich slow” business. which they co-developed with Fenwick & West. .

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

AUGUST 17, 2021

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. But in a world of power-law distributions and the near magical scale enabled by software, the potential upside far outweighs the downside in most cases.

IRR 136

IRR Dilution Founder Portfolio 136

Startup Professionals Musings

FEBRUARY 3, 2018

Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 140

Term Sheet Advisory Board Liquidation Preference Portfolio 140

Startup Professionals Musings

JULY 3, 2014

Angel and venture capital money always comes with strings attached, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions. Progress milestones become management objectives.

Term Sheet 237

Term Sheet Advisory Board Liquidation Preference Startup 237

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). This post assumes that you have a basic understanding of Series A financing terms. Y Combinator Series AA Equity Financing Documents (by WSGR). Dividend preference.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

Rob Go

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. We see innovation becoming more broadly distributed over time, and outlier companies being built in more and more places. Belief #3: Outlier Companies Can Be Built Anywhere.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Startup Professionals Musings

AUGUST 16, 2015

Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 120

Term Sheet Advisory Board Liquidation Preference Angel Investor 120

This is going to be BIG.

JULY 27, 2017

Does the VC need to call a special partner meeting because you already have three term sheets or is this the beginning? If you're 2x oversubbed, as long as you like everyone, give them a shot to do half their allocation, and distribute evenly what isn't taken. Make references to founders you've backed available upon request.

Due Diligence 136

Due Diligence Term Sheet Cofounder Founder 136

Startup Professionals Musings

AUGUST 3, 2015

The right investor will have specific feedback on pricing models, distribution and market positioning to improve scalability. I would recommend a budget of at least $10,000 to prepare documents for pitching, legal fees for term sheets and contracts, travel expenses and assistance fees.

Cost 120

Cost Angel Groups Due Diligence Silicon Valley 120

Both Sides of the Table

JULY 11, 2010

I’m surprised how few people talk about valuations, term sheet terms, how much to pay recruiters, etc. We’re recommending to our companies that they be distributed.&#. We know prices of deals, compensation, who’s doing well / poorly, etc. Entrepreneurs need to share more information with each other.

San Francisco 285

San Francisco Incubator Silicon Valley Startup 285

Both Sides of the Table

JUNE 28, 2011

They have increased the number of investments, they understand that outdated board meeting formats are too slow & unresponsive, they have designed founder-friendly term sheets that can be executed cheaply and they are allowing for a massive increase in the rate of new startup innovation. At least in the consumer & business web.

Venture Capital 334

Venture Capital Software PHP Open Source 334

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet. Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001. Term Sheet.

Naming 49

Naming Term Sheet Private Equity Equity 49

K9 Ventures

APRIL 14, 2020

We didn’t waste any time from signing the term sheet to getting started on working on the company — even before the financing closed, which happened on Thursday, April 2nd. I am pleased that I/K9 Ventures got to lead the Pre-Seed round of financing for Pragli.

Cofounder 127

Cofounder Venture Capital Guerilla India 127

YoungUpstarts

NOVEMBER 29, 2015

For many entrepreneurs and inventors, mass producing and distributing products simply doesn’t play to their strengths. These involve finding funding and getting up to speed quickly on the highly complex manufacturing and distribution processes. Technical data and training needed for development, manufacturing and distribution.

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. Many entrepreneurs come by with great pitches and say, “I’m hoping to have term sheets in the next 30 days.” The top 2% do not drive 98% of the returns. I have seen many slices of the data.

LP 374

LP Later Stage IRR Term Sheet 374

Rob Go

JULY 17, 2014

Just like any other startup, the question we are focused on post series A is whether we are doing the right things to allow us to win in a competitive market with a power-law outcome distribution. Does our strategy still resonate? Are we skating to where the puck is going? In most ways however, Fund II is a carbon copy of fund I.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Scott Edward Walker

JUNE 9, 2011

Introduction This post originally appeared as part of the “ Ask the Attorney ” column I am writing for VentureBeat ; it is another installment of my ongoing series regarding venture capital term sheets.

Term Sheet 60

Term Sheet Conversion Rights Venture Capital Liquidation Preference 60

David Teten

SEPTEMBER 2, 2017

– Tax distributions. Union Square Ventures ( [link] ). The Palico newsletter of April 12, 2016, included the citeable paragraph below on compensation: THE FOUNDERS OF PE FIRMS SHOULD BE MORE GENEROUS. . – Economics in both the current and future funds. – Structure & timing of next fund. name of the Fund).

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Startup Lessons Learned

AUGUST 17, 2020

And then we also looked at our operations and said, "We have a footprint across the US that can produce and distribute millions of meals every week, fresh meals to 400 cities and towns at incredibly affordable prices given the way we have cost optimized our footprint and our program." Kirsten Saenz Tobey : So we started the company in 2006.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Reid Hoffman

JULY 27, 2021

I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution. It’s not like after completing the class I was prepared to negotiate a term sheet. Like many first time founders, I ran over that landmine. But what I wasn’t doing was trying to earn a credential or boost my salary.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution. It’s not like after completing the class I was prepared to negotiate a term sheet. Like many first time founders, I ran over that landmine. But what I wasn’t doing was trying to earn a credential or boost my salary.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

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