David Teten

JANUARY 19, 2021

From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. Every Flexible VC structure allows founders to access immediate risk capital while preserving exit, growth trajectory, and ownership optionality. . Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JULY 12, 2017

The challenge with most such independent investors is that they, quite reasonably, all have their own independent decision-making and due diligence process. Although EquityZen is primarily an online marketplace for secondary shares in private companies, they also offer syndicated primary investments. Market Insight.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

David Teten

JANUARY 11, 2020

Many investors including me spend most of our day doing the same things people have always done in our job: in my case, due diligence, deal execution, etc. We market to four populations: High-potential founders. Kevin has written over 620 syndicated columns). What tech stack should a microinfluencer use?

Social Media 60

Social Media Technical Review Media Private Equity 60

David Teten

SEPTEMBER 23, 2017

Signal is a fundraising tool for founders run by NFX Guild, which identifies the most relevant VCs for you. . 5) Due diligence. The majority of funds are using the popular B2C websites and services for basic due diligence, e.g., Linkedin, Twitter, HackerNews. Pitchbot.vc 3) Originate investments.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

VC Adventure

MAY 21, 2014

A few months ago AngelList announced Syndicates - enabling investors on AngelList to create fund-like groups of investors to invest together in AngelList companies (following a single lead investor). It’s a great idea and at Foundry we quickly decided it would be an interesting experiment to form our own syndicate.

Syndicate 93

Syndicate Syndication Technical Review Due Diligence 93

David Teten

SEPTEMBER 6, 2015

Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. What are some of the unique benefits and constraints from the point of view of a founder? . However, founders shouldn’t take money from corporate VCs because of an exit expectation. They invest alongside financial VCs.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Agile VC

MAY 26, 2011

Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). Yes… he was a very successful PayPal exec and previously co-founder & VP Product of SocialNet. But keep in mind at this point Reid’s a first-time CEO. Thanks Lee.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

Rob Go

MARCH 5, 2012

One area of fundraising that is not that straightforward is how to put together a syndicate of investors for your seed round. Here are a couple things I typically suggest when putting your seed round syndicate together. Lead investors will usually do more extensive due diligence and have a more thorough process.

Syndicate 49

Syndicate Syndication Lead Investor Due Diligence 49

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. 6) Due diligence. 3) Raise capital.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Genuine VC

OCTOBER 2, 2012

But it also includes legal due diligence, rounding out the round with additional syndicate investors (often angels in seed rounds), figuring out allocations, as well as sometimes even (but hopefully not) additional business diligence for the institutional venture investors. Founder vesting is the most common example.

Term Sheet 162

Term Sheet Founder Vesting Due Diligence Syndicate 162

VC Adventure

MAY 21, 2014

A few months ago AngelList announced Syndicates – enabling investors on AngelList to create fund-like groups of investors to invest together in AngelList companies (following a single lead investor). It’s a great idea and at Foundry we quickly decided it would be an interesting experiment to form our own syndicate.

Syndicate 48

Syndicate Syndication Technical Review Due Diligence 48

Rob Go

NOVEMBER 18, 2014

The reason is that most seed syndicates have room for 5-10 angels or more, but only room for 1-3 funds. In probably every investment we’ve made, if the founder asked us to make room for a high-quality angel, we would have done so without hesitation. They also should be doing due diligence of some sort.

Syndicate 66

Syndicate Syndication Due Diligence Liquidity Event 66

Berkonomics

DECEMBER 17, 2020

Some can supply more when syndicating with other such groups. And even though angel groups syndicate their best deals within their respective associated networks, it is always best to apply to the angel groups nearest your physical location. Angel groups invest from $250,000 to $1,000,000 or more in qualified investments. Accelerators.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

VC Adventure

AUGUST 10, 2010

To be clear, while there is a small group of us that are Trada founders, the idea of Trada is completely Niel’s. From the initial idea we worked together to validate the operating assumptions of the business – doing collaborative due diligence on the crowdsearch SEM marketplace that was the idea behind Trada.

Syndicate 74

Syndicate Syndication Due Diligence SEM 74

Gust

OCTOBER 29, 2014

That’s why one of the best options for you today is to join a local angel investor group, where you will work collegially with 25-250 other investors to hear pitches from companies, do your due diligence homework, and then—if you are interested—pool your money with the others to make meaningful investments.

Accredited Investor 157

Accredited Investor Securities and Exchange Commission Technical Review Due Diligence 157

Rob Go

OCTOBER 21, 2013

I’ve been hearing a similar lament recently from founders of seed stage companies. What they’ve found is that it’s reasonably effective to hang-around-the-hoop as a deal is coming together, and pounce once a high-quality syndicate seems to be forming. In an ideal world, this allows everyone to win.

Seed Stage 53

Seed Stage Due Diligence Early Stage Syndicate 53

View from Seed

MAY 29, 2019

Historically, seed rounds were syndicated among several different firms. These funds would regularly share deal flow with one another and could share the work in supporting founders and helping to push the company forward. Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Both Sides of the Table

FEBRUARY 25, 2010

We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. My co-founder and other management team members wanted us to hold off and see whether we could get the deal done at a higher price. We ended up agreeing a term sheet for $16.5 Yes, this was stupid. I’ve done it.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Rob Go

JANUARY 17, 2017

In the last three investments I’ve made, there has either been a lifecycle VC involved or one was interested but didn’t end up being part of the syndicate. Tagging a deal is entirely in an investor’s best interests, but not really in the founders’ interest. At minimum, $500K, but more likely closer to $1M.

Due Diligence 28

Due Diligence Seed Stage Syndicate Syndication 28

Gust

OCTOBER 20, 2011

Working within a network of angel investors also expands the pool of expert resources and helps divide the work of screening companies and investment due diligence. Is the founder coachable? Experience in sales or technology. — No business experience. Willing to step aside, if necessary, for an experienced CEO. — No.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

www.paulgraham.com

APRIL 28, 2010

I think it would help founders to understand funding better—notjust the mechanics of it, but what investors are thinking. I wassurprised recently when I realized that all the worst problems wefaced in our startup were due not to competitors, but investors.Dealing with competitors was easy by comparison. Many are underfunded.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

David Teten

FEBRUARY 3, 2014

Detailed due diligence. However, we believe in looking at companies first and evaluating them against the thesis the founders articulate, vs. going in with a thesis and looking for companies that fit the thesis. Profiled initially. Target Selected. 10,000 [v]. Negotiated with. Acquired/ invested. Deals as % targeted companies.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

View from Seed

OCTOBER 22, 2015

One of the things we frequently discuss with founders is how to interpret and manage their dialogue with VCs when raising capital. A commitment typically only comes after a full partnership pitch and meaningful business diligence completed. The ultimate reference is through a portfolio founder.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

Berkonomics

APRIL 3, 2014

And even though angel groups syndicate their best deals within their respective associated networks, it is always best to apply to the angel groups nearest your physical location. If you are starting a virtual company with your employees working from home locations, as many startups do, it should be the location of the founder.

Equity 92

Equity Finance Liquidity Event Angel Groups 92