betashop.com
OCTOBER 8, 2012
My personal belief is that since everything comes down to the product, the best founders are product managers. The most important hiring criteria for your executives is cultural fit. As CEO, you are responsible for every hire. Until Fab reached 150 people, Bradford and I interviewed every single person we hired.
Both Sides of the Table
JUNE 5, 2015
In the old days VCs funded off of a “pre-money” valuation. If you add the pre-money valuation (let’s say $8 million) to the amount of money you’re raising (let’s say $2 million) you get the post-money valuation. I stopped the negotiation confusion years ago.
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www.mint.com
MARCH 9, 2010
Mint is the best way to manage your money. 2 comments Mint Life Know your money. What is the post-money valuation of your last round? Post-money valuation” is the value of the company after the last round of money was put in (again, lines of credit and promises don’t count).
Both Sides of the Table
AUGUST 1, 2010
The investor strategy is really determined by the management team. If we come to an agreement and fund the HUGE benefit to entrepreneurs is that they don’t have to trek up and down Sand Hill Road looking for money. If we invest the follow-on money comes from our non-seed fund (e.g. the $190 million).
Seeing Both Sides
JULY 15, 2009
The investors who provided the $4 million own 40% of the company and the management team owns 60%. Most VCs invest in companies that need to hire additional management team members and sales and marketing and technical talent to build the business. Another term that impacts the price is the size of the option pool.
Seeing Both Sides
NOVEMBER 30, 2008
For the last five years, it was not atypical for a high-quality Series A company that raised an initial round of capital priced at, say, $5 million on a $5 million pre-money valuation to hit a few important milestones (e.g., Today, those financings are simply not happening. Today, those financings are simply not happening.
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