David Teten

JANUARY 19, 2021

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. From traditional equity VC, Flexible VC borrows the option to pursue and reap the rewards of an outsized exit.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

View from Seed

APRIL 30, 2015

There’s been a lot of digital ink spilled around the various types of capital available to startups today. What is it, and how should founders think about it? As a startup grows, venture debt becomes a viable option to continue that growth. Glen Mello: Venture debt is a good complement to equity.

Term Sheet 120

Term Sheet Equity Startup Seed Stage 120

David Teten

SEPTEMBER 23, 2017

Private equity and venture capital investors are copying our sisters in the hedge fund and mutual fund world: we’re trying to automate more of our job. High-frequency trading, algorithmic by its nature, is estimated to account for at least 50% of US equity markets trading volume. . But we’re doing it slowly. Pitchbot.vc

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

mashable.com

MAY 5, 2011

“Once that product is built, you will probably have given away a lot of equity.&# “Once that product is built, you will probably have given away a lot of equity.&# In exchange for $150,000 to $300,000 of work, each startup has given Kayweb 14% to 40% equity.

Equity 74

Equity Engineer Technical Review Social Media 74

Gust

OCTOBER 29, 2014

” If we’re talking about the US and you are NOT at the Accredited level ($1 million in investable assets, or $200,000 annual income), then for the moment you are actually not allowed to invest in privately held startups (emerging public companies, of course, you can buy on the stock market like everyone else.).

Accredited Investor 157

Accredited Investor Securities and Exchange Commission Technical Review Due Diligence 157

David Teten

FEBRUARY 3, 2014

It might appear that origination is becoming much easier because of new tools like AngelList and the SEC moving toward adoption of rules that will allow equity based crowdfunding. But in practice, these phenomena create a tremendous volume of startups, which investors then have to filter. Angel groups using Gust. ff Venture Capital.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. See Bessemer Venture Partners’ A comprehensive guide to security for startups. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

MAY 19, 2010

Another topic we debated early in the program was “lean startup” vs. “ fat startup ” where we both took the obvious hedge and said “it depends.” But truthfully both Dana and I are more aligned with the lean startup principles and believe you only go FAT when you’ve really proved out your product / market fit. Time will tell.

Partner 240

Partner New York City Cofounder Syndicate 240

David Teten

JANUARY 11, 2020

In the venture capital/private equity business, investors are B2B microinfluencers. We market to four populations: High-potential founders. Other coinvestors: Limited partners, other VCs who are coinvestors, private equity funds which are potential growth-stage investors, etc. Kevin has written over 620 syndicated columns).

Social Media 60

Social Media Technical Review Media Private Equity 60

Agile VC

JULY 11, 2012

AGILEVC My idle thoughts on tech startups. in equity & loans which was ultimately worth >170x ($355M) when DEC went public about a decade later. Should there be a notion of “founder equity” for those individuals who put in the hard work to start a firm and build the brand? How To Think About The Future.

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

Pascal's View

JULY 9, 2017

Unfortunately, what the CEO/founder forgets most often is that the notes have a multiplier effect in the post-money calculation; the more notes and the further the cap is from the new priced equity, the greater the variance between actual and nominal pre- and post-money valuations. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Startup Professionals Musings

OCTOBER 5, 2015

Crowdfunding is rapidly becoming the major source of funding for seed-stage startups. This is a relatively new term loosely applied to angels who invest their own money in a portfolio of startups (typically 20 or more) and are willing to lead multiple rounds, usually starting with a seed round. Startup incubator seed funding.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

Berkonomics

APRIL 3, 2014

There are three classes of equity investors for early stage businesses that we have not yet considered. 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.

Equity 92

Equity Finance Liquidity Event Angel Groups 92

Austin Startup

MARCH 7, 2021

Austin, Dallas, Houston, San Antonio form a massive startup Megalopolis that is attracting top talent, impact-focused investors, and the most innovative companies in the world. Startups and investors should treat Texas like one big city. These are all potential customers and strategic partners for startups.

Texas 90

Texas San Antonio Houston Dallas 90

Gust

OCTOBER 20, 2011

Individual accredited investors in typical angel deals put personal capital at risk for an equity share of growth-oriented, start-up companies. For this round of investment, the angels collectively purchase 20-40% of the equity of the company and are seeking a return on investment of 20-30X in a period of five to eight years.

Valuation 146

Valuation Pre-Money Valuation Intellectual Property Technical Review 146

Both Sides of the Table

NOVEMBER 8, 2010

The founders felt that having a legitimate site for content would discourage Silicon Valley VC’s from funding entrepreneurs to create the next big TV killer. They raised $100 million from Providence Equity Partners at a $1 billion valuation and have thus proven that they understand that a degree of independence is vital for their success.

Video 292

Video Technical Review Advertising Distribution 292

Agile VC

APRIL 17, 2011

AGILEVC My idle thoughts on tech startups. Kayak was started here in my backyard of Boston… co-founder & CTO Paul English and the product/engineering team is based here in Concord MA. Co-founder & CEO Steve Hafner and the business team are based in Norwalk, CT. How to Evaluate Firms for a Seed VC. April 17, 2011.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

VC Cafe

MARCH 27, 2018

Wether you like it or not, startups. The financial side of technology entrepreneurship means that almost from inception, an entrepreneur has to think about and plan his or her sources of financing. This is a content summary only. Click on the post title to continue reading this post, share your comments, browse the website and more!

Founder 128

Founder Startup Finance Technology 128

www.paulgraham.com

APRIL 28, 2010

Want to start a startup? A typical startup goes throughseveral rounds of funding, and at each round you want to take justenough money to reach the speed where you can shift into the nextgear. Few startups get it quite right. 1 ] A startups life will be more complicated, legally, if any of theinvestors arent accredited.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

View from Seed

OCTOBER 22, 2015

One of the best and most positive movements proliferating around the tech community is what Product Hunt founder and CEO Ryan Hoover calls “building in public.” Because of both lean startup principles and a thriving community of pay-it-forward individuals, we can all now build a little, learn a little, and then repeat.

Seed Stage 120

Seed Stage Seed Capital Syndicate Syndication 120

Agile VC

DECEMBER 19, 2013

I think the most important thing any new angel investor can do is to candidly assess their motivations for making startup investments. Angel investing, particularly for entrepreneurs and others who’ve chosen a startup career path, can be rewarding in many different ways. ” But as an angel one can overweight this factor.

Angel Investor 265

Angel Investor Early Stage Syndicate Syndication 265

OnlyOnce

FEBRUARY 9, 2022

In our prior lives, the Bolster founders worked together to scale up a business called Return Path and also. worked as advisors and mentors to numerous early stage founders and startups. Our original deck envisioned a firm that was sort of a hybrid of a “McKinsey for startups” and a venture investor.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

Agile VC

JANUARY 18, 2012

AGILEVC My idle thoughts on tech startups. Being a startup founder isn’t for everyone ultimately, in fact it probably isn’t for most people. 2) The Pyramid Scheme of Startup Equity - Just like multi-level marketing schemes, in startups it pays to get in on the ground floor.

Entrepreneur 100

Entrepreneur Cofounder Silicon Valley Seed Stage 100

Hunter Walker

APRIL 4, 2014

There’s a influx of capital to back new funds: crowding funding via AngelList syndicates. other venture/private equity shops. There’s a influx of capital to back new funds: crowding funding via AngelList syndicates. other venture/private equity shops. Sure, not coal miner hard, not startup founder hard.

San Francisco 100

San Francisco Private Equity LP Syndicate 100

Haystack

AUGUST 18, 2019

Those employees and operators, who often have some book wealth now (or are running syndicates on AngelList or acting as a scout for another fund) can easily dump $50K-$100K into one of their ex-colleague’s new startups, or put this money into their friend’s new startup, or their friend’s new hot deal.

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

View from Seed

JANUARY 26, 2016

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. The entire funding progression of startups pushed out to the right. technical co-founder).

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Austin Startup

FEBRUARY 28, 2019

Join me on an investor’s tour of the most vibrant startup ecosystem in the country?—?Dallas, Find out what the buzz is all about and make valuable connections with local investors who you can syndicate deals with. Morgan Texas Startups Roadshow: Innovation is bigger in Texas What will we do on the buses? June 4–6, 2019.

Texas 50

Texas San Antonio Houston Dallas 50

Agile VC

FEBRUARY 28, 2012

AGILEVC My idle thoughts on tech startups. Startups in NextView’s portfolio frequently receive inbound interest from other VC investors who are intrigued about what they’re doing, and I often talk with other early-stage entrepreneurs how to approach similar situations. How to Evaluate Firms for a Seed VC.

Early Stage 100

Early Stage Syndicate Syndication Silicon Valley 100

Professor VC

MARCH 12, 2015

The above was the opening salvo of a controversial tweetstorm yesterday by my former student and 500 Startups founding partner, Dave McClure (full venom below). It was a great product addressing a large market opportunity and was interested in seeing how the AngelList syndicate process worked.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

Austin Startup

APRIL 3, 2017

What’s the number one city for startups in the United States? Is it Silicon Valley, home to accelerators Y Combinator and 500 Startups and to tech giants Google and Facebook? As of now, the City of Austin’s startup density is greater than that of the Silicon Valley!

Silicon Valley 48

Silicon Valley New York City San Jose Texas 48

Hunter Walker

JANUARY 20, 2015

Instead I want to comment on what a “10x Angel” looks like – the type of individual investor who delivers value to the startup in ways that are notably different than the average funder. If you just need the money, stick unknown angels in an AngelList Syndicate so they have more limited information rights.

Cap Table 48

Cap Table Warrant Syndicate Syndication 48

Feld Thoughts

AUGUST 2, 2010

Dave McClure: MoneyBall for Startups: Invest BEFORE Product/Market Fit, Double-Down AFTER. In addition, I’ve made many seed investments as an angel investor in two time periods,1994-1996 and 2006-2007, and seen many more through my involvement as a co-founder of TechStars. ?Our each are equally happy situations.)

Angel Investor 152

Angel Investor Cofounder Syndicate Syndication 152

www.paulgraham.com

APRIL 28, 2010

When we sold our startup in 1998 I thought one day Id do some angelinvesting. You give a startup money and they give you stock. Thats how you win: by investing in the right startups. Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms. million, and youget.05/1.05,

Angel Investor 63

Angel Investor Syndicate Syndication Dilution 63

Professor VC

JULY 25, 2013

I''m a strong believer in fairness (although my daughters may not agree) and investors and entrepreneurs working together as a team to create something valuable to all stakeholders (customers, employees, founders, investors). Startup outcomes tend to be very binary. If it is contingent, then this could provide some perverse incentives.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Rob Go

JANUARY 7, 2013

As a founder, it feels like a long time, but it’s really a blip on the radar in the scheme of things. Actually, growth equity firms I find are best at this, because they have very specific financial criteria that they look for, such as ranges for revenue, ebitda, growth, etc. Founders: Repeat Founders: 8.

Portfolio 49

Portfolio Seed Stage Cofounder B2B 49

This is going to be BIG.

NOVEMBER 16, 2015

It just seemed like a fitting title for a company built around narrative by a founder who used to write stories for a living. I'm joined by Lerer Hippeau Ventures, Red Sea Ventures, NucleasHG, the founders of Seamless, a host of extremely helpful angels, and a CircleUp syndicate led by my friend Tom Potter, co-founder of Brooklyn Brewery.

Venture Capital 60

Venture Capital Cofounder Syndicate Syndication 60

This is going to be BIG.

FEBRUARY 25, 2019

The issue is that nomenclature creates a certain set of expectations that founders use to allocate the most precious of their resources—their time. They want to make sure that they can achieve fundraising goals as fast as possible and I am nothing if not a passionate defender of a founder’s time.

Syndicate 102

Syndicate Syndication Angel Investor Cap Table 102