Both Sides of the Table

JULY 23, 2014

Just 3 years ago there was talk of institutional investors “not being able to write small enough checks.” Many prominent LPs have also recognized the “prorata opportunity” and have set up “direct investment vehicles” themselves to take prorata stakes in their managers portfolio companies.

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Gust

MAY 24, 2012

Management control is further entrenched by other provisions including a “controlled company” designation , exempting the company from the customary stock exchange-imposed corporate governance rules that apply to the vast majority of public companies in the post-Sarbanes-Oxley era.

IPO 159

IPO Equity Common Stock Stock 159

David Teten

AUGUST 21, 2019

Or should they look to one of the new wave of Revenue-Based Investors? Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. For more background, see Revenue-Based Investing: A New Option for Founders who Care About Control. But should they?

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

YoungUpstarts

SEPTEMBER 23, 2020

There are many sites on the internet that give you an explanation of how gold prices work, but sometimes even reading all the information is too much for some people to manage. Inexperienced investors can be overwhelmed when working with hundreds of data points that don’t seem to make any sense.

Institutional Investors 241

Institutional Investors Government Salary Stock 241

Ben's Blog

MAY 24, 2021

Editor’s Note: This testimony was delivered by a16z managing partner Scott Kupor to the U.S. By way of background, I am the Managing Partner for Andreessen Horowitz, a $16.5 As a result, they are much more mature at the time of IPO (median revenue is about 10x what is what in the Dot Com bubble) and thus much higher valued.

SEC 36

SEC Accredited Investor IPO Technical Review 36

This is going to be BIG.

OCTOBER 12, 2020

The new point person seemed intent on bringing in new managers. One just got a seed term sheet for twice the valuation I put in at in the pre-seed and the other is doing $200k/month in revenue. I got in a good two months of raising, which seemed promising at first until things started to come apart. Honestly, I hate fundraising.

LP 136

LP Technical Review Software Review Valuation 136

Startup Professionals Musings

MAY 4, 2014

Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources. Billing and revenue collection. It all has to be written down and maintained.

Startup 268

Startup Institutional Investors Angel Investor Bootstrapping 268

Startup Professionals Musings

MARCH 9, 2018

Cohen and John Kador, in their classic book “ What Every Angel Investor Wants You to Know ,” includes these great points of practical advice on this subject: Manage expectations before the fact. Tie payments to your product or service revenue. Try to avoid obligations with fixed repayment schedules.

Cram Down 148

Cram Down Angel Investor Equity Dividend 148

Startup Professionals Musings

OCTOBER 10, 2014

Cohen and John Kador, in their recent book “ What Every Angel Investor Wants You to Know ,” includes these best points of practical advice I’ve seen recently on this subject: Manage expectations before the fact. Tie payments to your product or service revenue. Try to avoid obligations with fixed repayment schedules.

Founder 254

Founder Cram Down Angel Investor Equity 254

David Teten

SEPTEMBER 23, 2017

A major angel group used Influitive , an advocate management tool, to track, activate and motivate their members. 4) Manage deal flow. For example, we created a pipeline management tool that automatically adds deals along with relevant information (such as attachments received) to our funnel. Pitchbot.vc 5) Due diligence.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Startup Professionals Musings

JANUARY 31, 2013

Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources. Billing and revenue collection. It all has to be written down and maintained.

Institutional Investors 230

Institutional Investors Angel Investor Bootstrapping Database 230

A Smart Bear: Startups and Marketing for Geeks

JULY 24, 2012

It’s rich contact management, event planning, notification services, and task management, but at the family level. We’ve got amazing calendar tools, we’ve got contact management tools. Venture capitalists are raising money from other investors, institutional investors who expect certain returns from us.

Silicon Valley 204

Silicon Valley Software Review Internet Technical Review 204

Startup Professionals Musings

SEPTEMBER 7, 2011

Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources. Billing and revenue collection. It all has to be written down and maintained.

Startup 255

Startup Institutional Investors Angel Investor Bootstrapping 255

The Startup Magazine

FEBRUARY 6, 2020

The buyers (or lessees) in these transactions are pension funds, insurance companies, or private equity representing other institutions. Investors seek returns of ~10-15% that are predictable, secure, uncorrelated to other asset classes, and inflation adjusted. Measurements of success will vary depending on the circumstances.

Private Equity 129

Private Equity New York City Chicago Investment Bankers 129

Berkonomics

AUGUST 3, 2023

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. Several are well-known and professional investors pay special attention to their graduates.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

Startup Professionals Musings

NOVEMBER 11, 2015

Cohen and John Kador, in their classic book “ What Every Angel Investor Wants You to Know ,” includes these best points of practical advice I’ve seen recently on this subject: Manage expectations before the fact. Tie payments to your product or service revenue. Try to avoid obligations with fixed repayment schedules.

Cram Down 120

Cram Down Angel Investor Equity Dividend 120

Startup Professionals Musings

AUGUST 1, 2010

Think about the implications of each to your own business, and the potential impact of getting them done incorrectly, or forgetting to do them entirely: Manage your financials and physical assets. Manage human resources. Billing and revenue collection. It all has to be written down and maintained.

Startup 239

Startup Institutional Investors Angel Investor Bootstrapping 239

Steve Blank

JUNE 17, 2011

They helped build these struggling ventures into the Facebooks’, Twitters’, and Zyngas’ before anyone else appreciated these companies could have hundreds of millions of users with off-the-chart revenue and profits. They manage this all with knowledge of the game they’re playing, but they don’t hype it, talk about it or fan the flames.

Investment Bankers 310

Investment Bankers Stock Valuation Venture Capital 310

Women Entrepreneurs Can

JUNE 11, 2021

Stock markets are a common platform where individual and institutional investors come together to buy and sell shares. The key factors to be kept in mind during Portfolio investment are that it is a passive investment compared to hands-on management. For the people, it becomes a mode to earn income. Criteria for Buying Stocks.

Stock 52

Stock Securities and Exchange Commission Portfolio Dividend 52

Up and Running

DECEMBER 9, 2014

Two, I’m a small business owner or manager. Two, I’m a small business owner or manager. Two, revenue. What is the hardest part of managing your finances? The possible answers are: one, need for funding, two, working capital and expense management, three, taxes, four, technology. This is number one.

Small Business 95

Small Business Finance Forecast Metrics 95

abovethecrowd.com

JUNE 2, 2021

On March 26, SoFi announced that “it will be offering its members (at least those with $3K in their account) the ability to invest in IPOs for companies going public, an investment opportunity that has traditionally been reserved for large institutional investors or ultra-high-net-worth individuals.” see below).

IPO 82

IPO Customer Matching Silicon Valley 82

ithacaVC

JANUARY 14, 2014

And the Series A investors then owned 4/9s of Company X. The Series A round was taken by $2mm of institutional investors and $2mm of angel investors. It has just started to generate revenue. It expects revenue of $1.7 Let’s assume that the Series B investors think that is reasonable.

Pre-Money Valuation 58

Pre-Money Valuation Post-Money Valuation Valuation Term Sheet 58

David Teten

APRIL 7, 2017

This is the debut of an annual series of summits focused on sovereign wealth funds, institutional investors, family offices, venture capitalists, and entrepreneurs interested in technology-driven entrepreneurship and with ties to the Middle East and North Africa (MENA) region.

New York 60

New York Africa Cofounder Egypt 60

Austin Startup

JUNE 4, 2017

Recently I was fortunate enough to have raised a seed funding round from a fantastic group of investors for my pre-product, pre-revenue B2B SaaS startup here in Austin, Texas. million round in SaaS management tool Meta SaaS Raising the round was a full-time job for four months. Mark Cuban leads $1.5 Remember that.

Austin 54

Austin Institutional Investors Angel Groups Deal Flow 54

Berkonomics

JUNE 8, 2017

composed of these investors and management. However, most often, these funds are solicited by a well-meaning entrepreneur from investors who are not qualified as accredited investors under the law (currently requiring a proved income of $200,000 a year or $1 million in net worth for an individual investor).

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

VC Cafe

APRIL 8, 2010

The acquisition is a bitter-sweet end to the story of Veoh, which has raised $70 million since getting funded in 2005 from institutional investors (Goldman Sachs, Intel Capital, Shelter Capital and Spark Capital among others) and big media companies such as ABC, CBS and Warner Brothers.

Bankruptcy 74

Bankruptcy Early Stage Merger Institutional Investors 74

Hunter Walker

DECEMBER 21, 2014

BUT we went to market asserting that Homebrew should take the seed investor Board seat. Three of our 17 core investments were first institutional rounds priced more like A’s than seeds. First time fund managers can sometimes get caught changing too slowly out of fear they need to explain strategy deviances to their LPs.

Cofounder 102

Cofounder Seed Stage Syndicate Syndication 102

ReadWriteStart

APRIL 5, 2012

This from Kate Mitchell, the former chair of the National Venture Capital Association, and current Managing Director of Scale Venture Partners. But the relaxation itself comes with limits, Mitchell tells us - limits that maintain the spirit in which the reporting rules were created, and which many investors actually insisted should remain.

IPO 118

IPO SEC Silicon Valley Startup 118

Growthink Blog

MAY 10, 2012

Put everything else on your "wish list" to buy with revenues from sales or additional financing. With this funding, the company often perfects its business plan and starts building its management team in order to position itself for its next round of funding.

Equity 88

Equity Mezzanine Later Stage Venture Capital 88

Rob Go

JULY 9, 2012

It seems like almost all institutional investors have an ownership target, and many stick to that number pretty religiously. This means that the right ownership threshold is largely dependent on fund size and/or dollars under management per investment partner. Ownership is a relatively puzzling concept in venture capital.

LP 53

LP Institutional Investors Early Stage Venture Capital 53

Pascal's View

MARCH 9, 2010

Susan Mangiero , CEO of Investment Governance’s Fiduciary X , asked me the following: Question: At a time when transparency is so important to institutional investors, how can fiduciaries reconcile that there is limited information available with a private company? Share and Enjoy:

Government 31

Government Private Equity Institutional Investors Venture Capital 31

Ben's Blog

OCTOBER 29, 2020

Have bankers simply become even more evil in 2020, deliberately diverting more money from a company’s coffers to line the pockets of the buy-side institutional investors who subscribe to IPO shares? The implications of this for asset managers is that they need to find yield (aka, investment returns) elsewhere.

IPO 36

IPO Securities and Exchange Commission Demand SEC 36

grasshopperherder.com

SEPTEMBER 24, 2011

As such, you should make sure to think of the proposals as an investor and get a reasonable term sheet. Please note: I am not an institutional investor and I am not a consultant although I occasionally dabble/consult in projects I find particularly interesting. The company with all the revenue is Company C. Valuations.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

Small Business Force

JUNE 11, 2010

The more management experience (previous entrepreneurial or small company efforts) and industry (in your target market niche) credibility and experience you and your team bring, the higher your probability of success. manage it like you were never going to see another penny. If you have some access to capital (your own, partners, etc.)

Entrepreneur 30

Entrepreneur Institutional Investors Angel Investor Business Model 30