David Teten

MARCH 14, 2018

My Partners at HOF Capital are younger than I am, which means that we have a half-century horizon for the franchise we are building. – Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. So we think about scaling a lot.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Berkonomics

OCTOBER 3, 2013

Bankers, investors, strategic partners, and ultimately your buyer or even attorneys providing opinions for an IPO, will all be most impressed by your thoughtful early management decision to make their lives easier and their job more productive. The liquidity event and beyond'

Software Review 76

Software Review Due Diligence Liquidity Event Intellectual Property 76

Berkonomics

SEPTEMBER 8, 2022

Finding your strategic partner, investor or business buyer is not something you do haphazardly. You and your advisors, board or partners should start by completing what you can of the matrix shown on this page. The post Finding a strategic partner, investor or buyer first appeared on BERKONOMICS. Think carefully.

Partner 62

Partner Intellectual Property .Net Distribution 62

Berkonomics

AUGUST 10, 2023

From the moment such an investor looks seriously at your company, the investor or VC partner is thinking of the end game, the ultimate sale of the company or even of an eventual initial public offering. There is no middle ground. Resetting your priorities Taking money from these sources involves resetting priorities over time.

Liquidity Event 116

Liquidity Event Initial Public Offering Dividend Valuation 116

VC Adventure

JULY 15, 2021

The Allies program is comprised of an alliance of VCs who have committed to unlocking $5 billion in new philanthropy over the next five years by helping their portfolio companies set aside equity for social impact prior to liquidity events. You can read the full announcement on Business Wire here.

Liquidity Event 108

Liquidity Event Equity Portfolio Community 108

Startup Professionals Musings

AUGUST 10, 2019

Old co-workers or new friends with complementary skills usually make the best partners. If you take investor money, expect a push for hockey-stick growth and a liquidity event, like going public (IPO) or sale (M&A), to get the payback. The founder’s title and role dilemma. The control and growth dilemma.

Hockey Stick 243

Hockey Stick Cofounder Liquidity Event Startup 243

Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). It is most often a win-win for both you and the strategic partner. For those of you who fit that description, nice work.

Private Equity 118

Private Equity Valuation Cap Table Accredited Investor 118

Hearpreneur

OCTOBER 29, 2017

With annual healthcare expenditures for conditions that either have an underlying cellular degeneration or damage component, now surpassing $7 trillion globally, Bioquark’s platform makes the company an attractive candidate for high-value strategic transactions and liquidity events for investors. Thanks to Ira S.

Entrepreneur 76

Entrepreneur Social Media Liquidity Event Private Equity 76

Pascal's View

DECEMBER 17, 2012

Denis Dougherty of Intersouth Partners was recently interviewed by Brian Gormley of The Wall Street Journal on the decade-long liquidity crisis that continues to plague the venture capital industry.

Acquisition 38

Acquisition Merger Covenant Liquidity Event 38

Steve Blank

JUNE 11, 2013

Who are the partners? How do the fund and the partners make money? How much do they need to own at a liquidity event? Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers? What are revenue strategy and pricing tactics? And what are its costs? What is an IRR?

Venture Capital 333

Venture Capital IRR Liquidity Event Business Model 333

Startup Professionals Musings

DECEMBER 14, 2014

Old co-workers or new friends with complementary skills usually make the best partners. If you take investor money, expect a push for hockey-stick growth and a liquidity event, like going public (IPO) or sale (M&A), to get the payback. The Founder’s title and role dilemma. The control and growth dilemma.

Hockey Stick 268

Hockey Stick Cofounder Entrepreneur Liquidity Event 268

Steve Blank

JULY 15, 2010

VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Number of Venture Backed Liquidity Events 1991-2000. Number of Venture Backed Liquidity Events 2000-2010. The system worked in predictable and profitable ways. Take a look at the chart below. (It

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

Startup Professionals Musings

DECEMBER 11, 2015

Investors need a liquidity event to get their money out. Highlight opportunities for 'coopetition' and strategic partners. Most large competitors no longer do new products internally and are looking to partner and invest if you don’t declare war. Define competition in the broadest sense and maximize your opportunity.

Intellectual Property 120

Intellectual Property Liquidity Event Exit Strategy Angel Investor 120

Startup Professionals Musings

AUGUST 17, 2014

The only path to any return for equity investments is a liquidity event, like a merger or acquisition (M&A), or IPO. Build a path to 10x return. That’s why investors want to hear about your exit strategy. If you don’t have one, or intend to buy out investors with their own money, you probably won’t get much interest.

Liquidity Event 249

Liquidity Event Equity Venture Capital Merger 249

Women Entrepreneurs Can

NOVEMBER 19, 2022

Investors receive a healthy return on investment when the company reaches a liquidity event. Xfund, Patrick Chung is a managing general partner in a venture capital firm that supports lateral thinkers. VC funding is best suited for businesses with high growth potential. Pre-Seed Investments.

Venture Capital 52

Venture Capital Early Stage Liquidity Event SEC 52

Startup Professionals Musings

AUGUST 19, 2017

Old co-workers or new friends with complementary skills usually make the best partners. If you take investor money, expect a push for hockey-stick growth and a liquidity event, like going public (IPO) or sale (M&A), to get the payback. The founder’s title and role dilemma. The control and growth dilemma.

Hockey Stick 144

Hockey Stick Cofounder Entrepreneur Liquidity Event 144

Startup Professionals Musings

MAY 18, 2015

It’s disconcerting for most to realize that these shares are initially worth nothing, and the challenge is to get that value up as quickly as possible, without losing it just as quickly to investors, lazy partners and taxation. This is where things get technical, but the principles are really quite simple.

Stock 120

Stock Vesting Common Stock Founder Vesting 120

Berkonomics

JUNE 15, 2017

From the moment such an investor looks seriously at your company, the investor or VC partner is thinking of the end game, the ultimate sale of the company or even of an eventual initial public offering. So be aware that professional investors are in your company for the eventual large profits at the liquidity event.

Liquidity Event 97

Liquidity Event Initial Public Offering Dividend Valuation 97

Startup Professionals Musings

JULY 19, 2013

Old co-workers or new friends with complementary skills usually make the best partners. If you take investor money, expect a push for hockey-stick growth and a liquidity event, like going public (IPO) or sale (M&A), to get the payback. The Founder’s title and role dilemma. The control and growth dilemma.

Founder 245

Founder Hockey Stick Cofounder Liquidity Event 245

Berkonomics

AUGUST 27, 2020

Bankers, investors, strategic partners, and ultimately your buyer or even attorneys providing opinions for an IPO, will all be most impressed by your thoughtful early management decision to make their lives easier and their job more productive. The payoff.

Software Review 62

Software Review Due Diligence Intellectual Property IPO 62

Startup Professionals Musings

MAY 28, 2013

The only path to any return for equity investments is a liquidity event, like a merger or acquisition (M&A), or IPO. Build a path to 10x return. That’s why investors want to hear about your exit strategy. If you don’t have one, or intend to buy out investors with their own money, you probably won’t get much interest.

Liquidity Event 243

Liquidity Event Startup Equity Venture Capital 243

Steve Blank

JUNE 11, 2013

Who are the partners? How do the fund and the partners make money? How much do they need to own at a liquidity event? Does our product or service solve a customer problem (product-market fit)? How do we attract, keep and grow customers? What are revenue strategy and pricing tactics? And what are its costs? What is an IRR?

Venture Capital 225

Venture Capital IRR Liquidity Event Business Model 225

Startup Professionals Musings

AUGUST 13, 2012

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. These investors want to know that you are thinking about a liquidity event – when and how they will get their money out, with ROI. Exit strategy.

Business Plan 283

Business Plan Sweat Equity Exit Strategy Intellectual Property 283

Pascal's View

MARCH 12, 2010

The VC fund may have one managing partner that sets the tone and controls the entire firm, or it may have a collegial distribution of governance among several senior partners. An important question to ask is, do the partners evaluate themselves and each other on an annual basis or at all? Share and Enjoy:

Government 28

Government Portfolio Technical Review Due Diligence 28

Startup Professionals Musings

FEBRUARY 13, 2016

You need to identify pricing details, sales channels, strategic partners and a customized marketing plan consistent with your industry and target segment. If you don’t plan a liquidity event, you won’t find many investors interested. What are your specific marketing and sales plans?

Sweat Equity 120

Sweat Equity Advisory Board Liquidity Event Startup 120

Steve Blank

JULY 2, 2009

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. But I wonder if the success is due to or in spite of VCs.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

Startup Professionals Musings

MAY 13, 2011

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. These investors want to know that you are thinking about a liquidity event – when and how they will get their money out, with ROI. Exit strategy.

Business Plan 290

Business Plan Sweat Equity Exit Strategy Intellectual Property 290

Gust

AUGUST 10, 2014

The only path to any return for equity investments is a liquidity event, like a merger or acquisition (M&A), or IPO. Build a path to 10x return. Thats why investors want to hear about your exit strategy. If you dont have one, or intend to buy out investors with their own money, you probably wont get much interest.

Liquidity Event 176

Liquidity Event Equity Venture Capital Merger 176

The Next Web

MARCH 2, 2014

This will have a significant impact on the amount business owners could realize on the sale or other liquidity event for the company. In addition, beyond financial control, many investors will require some input into the operation of your business and even the right to approve certain significant transactions and events.

Liquidity Event 139

Liquidity Event Equity Finance Stock Options 139

Gust

AUGUST 5, 2012

Marketing, sales, and partners. Convince investors that you have lined up sales channels, strategic partners, and a viable marketing strategy. These investors want to know that you are thinking about a liquidity event – when and how they will get their money out, with ROI. Exit strategy.

Business Plan 182

Business Plan Sweat Equity Exit Strategy Intellectual Property 182

Berkonomics

JUNE 8, 2017

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). Strategic partner” investors: If you can find a strategic partner willing to invest in your enterprise, consider it a blessing.

Private Equity 106

Private Equity Valuation Cap Table Accredited Investor 106

Early Growth Financial Services

JULY 23, 2014

We shed some light, and hopefully—provided some encouragement, during our recent webinar with David Glazer, Partner at Fried Frank, JD Breidenstein, Minister Counselor for Commercial Affairs and Ben Parkinson, Visa Analyst, both with the U.S. Ever wondered what expanding your startup internationally entails? Also, success likes company!

Liquidity Event 47

Liquidity Event Silicon Valley Startup Venture Capital 47

Board Effect

MAY 10, 2019

There’s the owner—maybe a partner or two—but unless employees are offered equity from the get-go, there’s typically not a whole lot of dilution. Cap tables can play an essential role in scenario modeling ; particularly in waterfall analyses, using a series of assumptions to model shareholder payouts in a variety of liquidity events.

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

Growthink Blog

JANUARY 13, 2013

Enacting a liquidity event. And since each partner in the venture capital firm can only nurture so many portfolio companies, they want to invest in fewer companies, each of which can provide not only a 10X return, but a check of $50 million or more when it reaches liquidity. Finding high growth companies 2.

Venture Capital 92

Venture Capital Angel Investor Liquidity Event Term Sheet 92

Seeing Both Sides

SEPTEMBER 15, 2015

According to Izhar Shay, a general partner at Canaan Partners, “The investment community has matured to recognize they need to plan for scale. According to Modi Rosen, general partner of Magma Ventures, “The challenge of scaling is primarily in hiring for the sales and marketing front. Think Bigger. This takeaway surprised us.

Cofounder 20

Cofounder Technical Review United States 20

Hunter Walker

NOVEMBER 20, 2013

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. 3) The Alternate Liquidity Syndicate.

Syndicate 98

Syndicate Syndication South America Seed Stage 98

Berkonomics

SEPTEMBER 27, 2018

I’ve been offered $15 million for my company and my partner is suing me for all I am worth. And yes, his partner had a valid suit, having been locked out of the web-design business and denied access to decisions and accounting information. What can I do?”. The fabulous contradiction – and opportunity. My immediate reaction and offer.

Pre-Money Valuation 48

Pre-Money Valuation Sales Liquidity Event Valuation 48