David Teten

JANUARY 19, 2021

Seed-stage compatible: Like traditional equity VC investors, Flexible VCs accomodate early-stage investment risk within their portfolios better than a traditional RBI funder. Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. Short track record. Cash collateral.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

AUGUST 13, 2014

Pros of taking their angel money include the feeder system to venture financing of the next round and the vast network of portfolio CEOs which can be tapped into for connections and help. Pros: Industry-insider who serves as a validator for the rest of the investment syndicate, extremely helpful advice and network connections.

Angel Investor 334

Angel Investor Syndicate Syndication Early Stage 334

Hunter Walker

NOVEMBER 20, 2013

So far most of the top funded AngelList Syndicates look, well, not surprising. Additionally, funds such as Foundry Group and Google Ventures have taken their own approaches – the former creating a separate early stage entity , the latter encouraging their seed stage partners to create standalone personal syndicates.

Syndicate 98

Syndicate Syndication South America Seed Stage 98

View from Seed

JUNE 10, 2020

Our brand promise is that we will work with all accelerator companies to shape the underlying business, craft the fundraising pitch, and make introductions for new downstream investors until the company is subsequently financed. NextView Won’t Lead the Next Round in Accelerator Participants, But Will Always Follow-On in That Round.

Cofounder 177

Cofounder Syndicate Syndication Alabama 177

David Teten

MARCH 14, 2018

Another example is Correlation Ventures ($300M+ AUM), a VC firm which co-invests in financings with at least one other new outside VC. Coinvestors need to figure out ways to prioritize themselves in a VC’s preference stack for syndicating opportunities. – Syndicate Special Purpose Vehicles (“SPVs”) for specific opportunities.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

View from Seed

AUGUST 16, 2019

One of the most relevant scenarios that this fear vs. greed lens applies towards is insider-led financings. With the proliferation of multiple seed rounds prior to a Series A, these situations are coming up increasingly in the early stage startup ecosystem. Of course, true motivations cannot be entirely divined.

Term Sheet 149

Term Sheet Syndicate Syndication Early Stage 149

Genuine VC

FEBRUARY 12, 2012

Addressing both of those issues can stem from the motivations as to why someone would want to put their hard-earned cash into a risky early-stage startup in the first place. PROS: Industry-insider who serves as a validator for the rest of the investment syndicate, extremely helpful advice and network connections.

Angel Investor 257

Angel Investor Syndicate Syndication Early Stage 257

ReadWriteStart

NOVEMBER 19, 2010

I have seen this criticism at various places where this recap is syndicated on a weekly basis, as well as in certain random forums on the internet. Well, I have coached early stage entrepreneurs for a couple of years now - diligently, patiently - and have learned a few things. However, 1M/1M is a development economics project.

Silicon Valley 114

Silicon Valley Technical Review Startup Early Stage 114

Genuine VC

NOVEMBER 12, 2012

Dharmesh Shah had a great post up last week about the lessons learned from raising a mezzanine round of financing. When you compromise on terms in the early stages, you will have to pay the price in the later stages. It’s really interesting, but perhaps only applicable to a more limited set of entrepreneurs.

Finance 128

Finance Mezzanine Valuation Seed Stage 128

Rob Go

OCTOBER 1, 2013

I continue to think that seed/angel investing is a pretty local endeavor, and even more so when one is hoping to lead rounds or be instrumental to catalyzing a financing or boosting the long-term prospects of a company. Which is why I’m pretty psyched about Angelist syndicates, especially in relation to the Boston startup community.

Syndicate 64

Syndicate Syndication Boston Community 64

This is going to be BIG.

DECEMBER 3, 2020

Diversification Finance 101 would tell you that, in the public market, you want to be in at least 20-30 names to eliminate a good chunk of the risk (as defined by the standard deviation of return) that you don’t actually get paid for. Option #2 Do 50/50 angel investing and fund investing.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

Genuine VC

FEBRUARY 12, 2012

Addressing both of those issues can stem from the motivations as to why someone would want to put their hard-earned cash into a risky early-stage startup in the first place. PROS: Industry-insider who serves as a validator for the rest of the investment syndicate, extremely helpful advice and network connections.

Angel Investor 128

Angel Investor Syndicate Syndication Early Stage 128

View from Seed

JANUARY 26, 2016

There are a number of factors that have contributed to the rise of pre-seed rounds, but the strongest have been the frothy late-stage financing market, coupled with both the scaling-up of some of the early winners in the institutional seed ecosystem and the scaling-down of some larger funds that retrenched after the financial crisis.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Berkonomics

DECEMBER 17, 2020

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. There are other classes of equity investors for small or early stage businesses that we have not yet considered. Some can supply more when syndicating with other such groups.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

OnlyOnce

FEBRUARY 9, 2022

On the heels of the announcement we made last month about our Series B financing , we are now announcing the launch of a new program called Bolster Prime and a new venture capital fund called Bolster Ventures. worked as advisors and mentors to numerous early stage founders and startups. What about the middle?

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

View from Seed

AUGUST 20, 2014

Series A Dynamics: This is a middle-of-the-road outcome in terms of optimizing your next round of financing. This tends to be more common on the East Coast where there is more of a history of firms buddying up with the intention of doing the next couple rounds of financing together. Lots of credibility, even at a very early stage.

Startup 301

Startup Syndicate Syndication Boston 301

YoungUpstarts

AUGUST 1, 2018

Explore content syndication opportunities to expand the reach of your blog posts. Even in the early stages of business ownership, reconsider trying to tackle every aspect of starting and running the company yourself. Your finances and brand reputation may soar one year, struggle the next, and then make strides again after that.

Social Media 133

Social Media Syndicate Syndication SEO 133

Feld Thoughts

AUGUST 10, 2010

My partner Seth Levine has a detailed post up today titled Trada – from the beginning that describes the creation and financing of Trada. In this case neither Niel (nor I) had any interest in creating a traditional syndicate to fund the company. Tags: Seed Financing angel financing Foundry Group seed trada VC.

Syndicate 120

Syndicate Syndication Angel Financing Finance 120

View from Seed

OCTOBER 21, 2014

Sharing these pricing expectations early with potential lead investors fundamentally qualifies your conversations, but it also runs the risk of prematurely losing a potential financing partner, or else it can reduce options to maximize your fundraise outcome. Building a startup and currently in the seed stage?

Valuation 336

Valuation Founder Seed Stage Angel Investor 336

View from Seed

JUNE 16, 2015

Our investment size may differ slightly from one company to the next, but it tends to be driven entirely by situation-specific factors (needs of the company, syndicate composition, anticipated reserves, etc) … and not based on our belief. How does the firm behave if you are knocking the cover off the ball?

Boston 120

Boston Syndicate Syndication eCommerce 120

View from Seed

JUNE 30, 2015

A few weeks ago, Manu Kumar wrote an excellent post detailing the current state of the seed financing landscape. I think it’s also very instructive to know how often the investor leads early rounds and how large those rounds typically are. Over time, the frenzy around momentum and growth stage financing will calm down.

Seed Stage 120

Seed Stage Syndicate Syndication Dilution 120

Professor VC

APRIL 1, 2010

It had a good mix of viewpoints with east ( James Geshwiler, Common Angels ) and west coast (yours truly) angels, early stage venture capitalist ( Jason Mendelson, Foundry Group ), and a couple of attorneys ( Dan Hansen and Mario Rosati ). Labels: Angel Investors , fundraising , term sheets , venture capital , venture financing.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

VC Adventure

MARCH 17, 2016

I’ve always felt that a robust angel financing market was important to startup ecosystems and the data on the next two charts really brings that home. Most angel deals happen in syndicates (meaning multiple investors participate), yet many angels are extremely poor at working together with other potential investors.

Syndicate 48

Syndicate Syndication Angel Investor Colorado 48

Feld Thoughts

MAY 8, 2012

Our strategy is “early stage” – so we are comfortable with seed investments, first round investments, and what might in the past have been called Series B investments if the company hasn’t raised much money to date (less than $3m). This translates into about a dozen new investments a year plus or minus a few.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

Both Sides of the Table

AUGUST 1, 2010

There is a structural reason that VCs are investing at early stages, 2. In these cases we proactively offer to lead their next round of financing. Like Brad Feld I’m syndication agnostic but I have a slight preference toward working with others. I’ve written about it myself (Is VC Seed Funding Dead?)

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

Rob Go

JANUARY 7, 2013

Amidst the mass of new initiatives, new firms, new strategies, etc that constantly pop up in the early stage investing landscape, it’s helpful to have a clear articulation of what VC’s are focused on and how they see the world. Syndicate Composition: NextView + Seed Funds + Angels: 9. Consumer: 9. Commerce: 5.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

David Teten

DECEMBER 3, 2019

Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. The Pocket Negotiator is very early-stage attempt to aid in the negotiating process itself. ExitRound helps early stage companies identify buyers in smaller exits. . What’s Your VC Tech Stack?

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Professor VC

JANUARY 17, 2008

One of my comments was that we would likely see more institutionalization of angel groups and syndication of deals among groups. He then went on to say that this type of financing was good for the entrepreneur (vs taking VC money) because they got to keep more of the company. I also teach Entrepreneurial Finance at San Jose State.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Professor VC

JUNE 20, 2011

Financing, that is.I One truth of start-up financing is that it generally takes twice as long and twice as much money to accomplish your milestones. Most companies dont come close to their rose colored financial models prepared when going out for Series A financing. As I said up front, I have mixed emotions about the financing.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Professor VC

SEPTEMBER 2, 2010

The fall semester at SJSU started this week and had the first class meeting of my Entrepreneurial Finance class, which was overflowing with students standing, sitting on the floor and begging to get in. Whether you buy this or not for public equities, the market for early stage private companies has always been wildly inefficient.

Angel Investor 28

Angel Investor Angel Groups San Jose Venture Capital 28

Tim Keane

APRIL 12, 2006

What’s your attitude about “next round” financing? this stage when the company can justify a higher. If the investors ideal size is smaller than your need, you ought to ask about syndication. If they don’t like to syndicate, or don’t have a track record of doing it, you will want to consider your options. past round one.

Entrepreneur 60

Entrepreneur Valuation Sweat Equity Common Stock 60

Austin Startup

MARCH 7, 2021

Texas is well capitalized Silicon Valley has traditionally received a disproportionate share of private, early-stage funding compared to other geographies given its density of firms focused on these types of investments and the number of start-ups and private companies in the region. all Bay Area firms?—?

Texas 90

Texas San Antonio Houston Dallas 90

Berkonomics

APRIL 3, 2014

We’ve spoken of financing a young company through friends and family, known as “inside angels.” There are three classes of equity investors for early stage businesses that we have not yet considered. For early stage investors, the usual expectation is seven years from investment to expected liquidity.

Equity 92

Equity Finance Liquidity Event Angel Groups 92

Women Entrepreneurs Can

MARCH 18, 2023

Often, they syndicate their investments with other venture capitalists, spreading the risk and giving the entrepreneurs multiple contacts and sources of advice. Venture capitalists usually help startups in their early stages, called seed funding. They also help in setting up a management team for the company.

Artificial Inteligence 52

Artificial Inteligence Startup Early Stage Syndicate 52

VC Cafe

FEBRUARY 6, 2011

If you are in the very early stages with your company and there are no major reasons (e.g. Jeff Clavier, Seed stage investor in 90+ consumer internet startups, said: We all have a different approach to non Silicon Valley opportunities. R&D in your home country, HQ in US with the CEO moving over). If not, raise locally.

Silicon Valley 104

Silicon Valley Startup Seed Stage Delaware 104

mashable.com

SEPTEMBER 12, 2011

million in venture financing. No doubt early-stage companies can be started on a shoestring by low-paid entrepreneurs, but when financing a scalable, sustainable product, a free application server won’t make much of a difference. In fact, it’s barely even the beginning for most companies in their seed stage financings.

Startup 79

Startup Social Media RSS Social Network 79

mashable.com

SEPTEMBER 14, 2011

In other words, angel investors and early stage venture capital (VC) firms will have different expectations than late stage VC firms. Partners W3 EDGE Concentric Sky Rackspace Intridea Dynect DNS Webtrends Global Syndication Partners ABCNews CNN Metro USAToday Yahoo ©2005-2011 Mashable, Inc. All Rights Reserved.

France 77

France Marketing Social Media Startup 77