View from Seed

MARCH 24, 2021

How to Sell Your Startup’s “Secret” Master Plan at the Seed Stage “Articulating and selling your long run vision is important, but trying to convince those that are deeply skeptical about it is simply a mutual waste of time.” Seed stage startups are now graded on a curve.”

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

techcrunch.com

SEPTEMBER 2, 2012

Convertible Equity, A Better Alternative To Convertible Debt? There has been no shortage of controversy and criticism around the convertible note, a popular investing vehicle that’s used by seed stage and angel investors. Smartphones. Digital Cameras. Headphones. CrunchBase. Hot topics. Disrupt SF. View Staff Page.

Equity 87

Equity San Francisco Technical Review Angel Investor 87

David Teten

JANUARY 19, 2021

From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit. Flexible VC 101: Equity Meets Revenue Share. Equity Ownership. Yes, typically preferred equity. On average, founders own just 43% of equity by Series B , declining thereafter. Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

MAY 19, 2015

To me, the most exciting (and most perilous) times in a company’s lifecycle are the early first stages when it is just getting off the ground. At the seed stage, the founder’s or co-founders’ role in the company is essential and therefore carries a great deal of risk for missteps. A startup is just that – a startup.

Seed Stage 120

Seed Stage Liquidity Event Cofounder Startup 120

ReadWriteStart

JANUARY 28, 2022

With the rise of startups and growing businesses , it has become more critical for investors to have a thorough understanding of equity to be aware of all of the advantages they are receiving from the companies they have invested in. What is Company Equity? Types of equity. Common stock. Preferred shares.

Valuation 108

Valuation Equity Warrant Common Stock 108

Startup Company Lawyer

AUGUST 31, 2012

Quick answer: convertible equity (or a convertible security) is convertible debt without the repayment feature at maturity or interest. Over the past few years, convertible debt has emerged as a quick and inexpensive method for startup companies to raise money from angel investors and early stage venture funds. Background. The problem.

Convertible Security 73

Convertible Security Equity Security Preferred Stock 73

Gust

DECEMBER 13, 2011

I’ve recently taken a look at seed stage funding by venture capitalists (VCs) and angel investors over the past five years. For VCs, I chose to look at all seed stage VC deals (from MoneyTree©) as well as those in five of the most active regions in the country. All Seed-VC. million in seed stage deals in 2010.

Seed Stage 162

Seed Stage Southern California San Diego Silicon Valley 162

Both Sides of the Table

AUGUST 12, 2010

In the technology world there are a few websites that most startups track to keep up with the latest financings, acquisitions, product announcements and gossip: BusinessInsider, TechCrunch, Mashable, GigaOm, etc. In the VC & Private Equity world there’s a small number, too, with one of the most respected being PEHub.

Seed Stage 232

Seed Stage Valuation Private Equity Venture Capital 232

www.seriesseed.com

MARCH 2, 2010

SeriesSeed.com Series Seed Financing Documents Blog Home Documents Blog Archives Subscribe 09/02/2010 Version 2.0 and why Series Seed Documents are better than capped convertible notes “First they ignore you.   That’s because there are not that many issues to negotiate in a simple equity financing.

Finance 58

Finance Term Sheet Equity Aggregator 58

Both Sides of the Table

JULY 16, 2010

So even within the “alternative class&# our LPs are looking at other asset investment choices such as distressed buyout funds, private equity or hedge funds. So angel and seed stage investors’ returns will be dependent on good times continuing or on the ability of their portfolio companies to get financed.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Startup Professionals Musings

JULY 16, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Early-stage startup. Super Angels.

Early Stage 253

Early Stage Finance Seed Stage Entrepreneur 253

Startup Company Lawyer

MARCH 14, 2010

After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). Y Combinator Series AA Equity Financing Documents (by WSGR).

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

YoungUpstarts

NOVEMBER 17, 2016

It’s been about three months since equity crowdfunding was opened up to all Americans. This change means that virtually any individual, not just the wealthy, will have opportunities to make equity investments in early stage companies. That suggests, potentially, more early stage capital for entrepreneurs. Disclosures.

Equity 100

Equity United Kingdom Cap Table Oklahoma 100

Steve Blank

FEBRUARY 26, 2020

Step 2: The Seed round – you raise $1-$3M (in some cases even $2-5M). Btw, the definition of each startup financing stage has changed in the last decade. What was a Series A round in 2005 is now a pre-seed or seed round. And what used to be a seed round a decade ago is now a pre-seed round.

Cofounder 429

Cofounder Seed Stage Valuation Metrics 429

www.seriesseed.com

DECEMBER 9, 2012

Series Seed Financing Documents Blog. « About the Series Seed Documents | Main. Series Seed Financing Documents. Please note, these are the latest versions of the Series Seed Documents.    Series Seed COI (v 2.0). Series Seed IRA (v 2.0). Series Seed Financing Documents.

Finance 40

Finance Term Sheet Vesting LLC 40

David Teten

JULY 10, 2019

pre-launch, BIG equity, big peeps involved–ANY TIPS?? Do you have a great team at your seed startup, but your product just isn’t working? We agree on an equity split, vesting, and initial compensation structure. And how do you split the equity? This work is unpaid, as with any other startup at the pre-seed stage.

America 60

America Technical Review Advisory Board Due Diligence 60

View from Seed

SEPTEMBER 23, 2019

*This post is part of our “pitch deck” series where we dissect the seed stage pitch deck and discuss the ideal flow for a pitch. To provide relevant perspective, listing past convertible note(s) and/or equity financing(s) including total round size and valuation (caps) is helpful.

Cap Table 211

Cap Table Seed Stage Valuation Dilution 211

Gust

JULY 8, 2012

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Early-stage startup. Super Angels.

Early Stage 177

Early Stage Finance Seed Stage Entrepreneur 177

Gust

SEPTEMBER 5, 2012

How to finance a new seed-stage startup? Convertible equity? ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. .” A convertible note financing is not a loan in the conventional sense.

Finance 134

Finance Convertible Security Equity Seed Stage 134

YFS Magazine

JULY 20, 2015

Lately, more founders are inquiring about convertible equity. Some wonder if it is a good replacement for convertible debt (which has become ubiquitous in seed stage startup funding).

Equity 60

Equity Seed Stage Founder Startup 60

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

JULY 29, 2014

When we make our seed investments, we have a strong preference for preferred equity rounds and forming a board of directors that meets regularly. But we think they are important even at the seed stage of a business. We tend to suggest that seed stage companies convene with their board ever 6-8 weeks.

Seed Stage 65

Seed Stage Government Founder Finance 65

David Teten

MARCH 18, 2021

For example, Point Nine Capital focuses on B2B SaaS and marketplaces at the seed stage, across many industries. Revenue-Based Finance and Flexible VC investors invest using “alternative VC” structures, as opposed to conventional preferred equity and convertible notes. “software”); 43 invest in 2 types of technology (e.g.,

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

techcrunch.com

SEPTEMBER 6, 2012

Today, AngelList is debuting Docs, which lets seed-stage startups close their round online. For a seed stage round, legal fees can be upwards of tens of thousands of dollars, which is costly for a bootstrapped startups. Before we had to guess how many connections were actually financed,” explains Ravikant.

Term Sheet 70

Term Sheet San Francisco Technical Review Seed Stage 70

Startup Professionals Musings

MAY 1, 2011

If you are new to the entrepreneurial world of startups, you are likely confused by the terminology of seed-stage, lean startups, micro-VCs, and Super Angels. Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Early-stage startup. Super Angels.

Early Stage 231

Early Stage Seed Stage Angel Investor Silicon Valley 231

Hippoland

JANUARY 4, 2017

Here’s a quick primer on how investments tend to work in startup companies at the seed stage. Equity Traditionally, investors have invested in companies to receive equity, or shares in a company. The concept of equity rounds (also called priced rounds) is very straightforward. The results are binary.

Convertible Security 48

Convertible Security Equity Security Silicon Valley 48

Up and Running

SEPTEMBER 20, 2021

The use of a cap table for a company comes into play when it has to track the total amount of shares, the value of shares, and the equity ownership of all the shareholders. The data of the company, such as debt and the company’s equity ownership, is laid out with the help of a cap table. Convertible notes.

Cap Table 112

Cap Table Pre-Money Valuation Stock Options Option Pool 112

Early Growth Financial Services

OCTOBER 2, 2014

Lately I‘ve been getting more and more questions about convertible equity: “What is it?” In short, convertible equity is a form of financing that gives investors the right to preferred stock once a triggering event occurs. of all financings. and “Should I use it?” So what’s that mean?

Equity 44

Equity Preferred Stock Seed Stage Founder 44

K9 Ventures

OCTOBER 10, 2017

This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. And I sincerely hope that this post does a good job of addressing what Pre-Seed really is. Q: Define Pre-Seed? Q: What amount of financing is considered Pre-Seed?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

The Next Web

FEBRUARY 27, 2014

This is typically in conjunction with an upcoming financing or pending takeover offer. your equity in a hot new patented technology business), the higher the demand (e.g., A competitive commodity business, or a “me too” story , will be less demanded, and hence, will require a lower valuation to close your financing.

Valuation 167

Valuation Forecast Seed Stage .Net 167

Genuine VC

MARCH 18, 2014

Fairly often entrepreneurs will pitch investing in their seed-stage company, and it starts sounding great… interesting market… great team… notable early traction… until we arrive at the financials + fundraising slide and the projections state that this round of Seed financing is planned to be their last.

Seed Stage 202

Seed Stage Dividend Finance Portfolio 202

View from Seed

JANUARY 26, 2016

In the next post, I’ll talk about how we think about pre-seeds at NextView. 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.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Startup Professionals Musings

JANUARY 27, 2012

When a company is at its earliest seed stage, the terms tend to be the least complex. As the company grows and the second or third group of investors comes in, the terms of each subsequent financing grow in size, scope, and the number of lawyers’ fingerprints on them. Define equity type. Anti-dilution protection.

Term Sheet 223

Term Sheet Pre-Money Valuation Due Diligence Post-Money Valuation 223

K9 Ventures

JUNE 12, 2012

While it it may not feel that way, the data suggest that there is indeed too much capital in the system — especially so at the seed stage, with more and more individuals and larger funds trying to invest in companies at this stage.). In fact, it becomes a vicious circle.

Venture Capital 117

Venture Capital Silicon Valley Founder Seed Stage 117

Genuine VC

JANUARY 3, 2013

According to all of the blogosphere chatter over the past month, seed-funded internet startups are entering this year gearing up for the now-near-infamous Series A Crunch. to become not just ramen-profitable, but sustainably profitable.

Seed Stage 166

Seed Stage Venture Capital Audience New York 166

K9 Ventures

JUNE 12, 2012

While it it may not feel that way, the data suggest that there is indeed too much capital in the system — especially so at the seed stage, with more and more individuals and larger funds trying to invest in companies at this stage.). In fact, it becomes a vicious circle.

Venture Capital 105

Venture Capital Silicon Valley Founder Seed Stage 105

K9 Ventures

APRIL 9, 2014

Instead, it was more of a result of over-funding at the seed stage. There was simply too much money coming in to the seed stage, which increased the supply of companies at the seed stage. The deal stage and sizes have changed dramatically. Seed is not the first round of financing any more.

Mezzanine 134

Mezzanine Seed Stage Early Stage IPO 134