Startup Professionals Musings

JUNE 29, 2012

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. Some startups do nothing to prepare for the due diligence process, assuming the people and business plan documents will speak for themselves.

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Technical Review Due Diligence Term Sheet Startup 245

The Startup Magazine

SEPTEMBER 15, 2020

It is not always a financial transaction; sometimes it comes in the form of managerial or technical expertise. They often invest in the technology industry and in other areas with great potential for growth. You will need to have an impressive management team to support your search for venture capital. Management team.

Venture Capital 179

Venture Capital Technical Review Software Review Security 179

Both Sides of the Table

AUGUST 28, 2012

Another VC called the co-founder & tech head – Parker Harris. There is no reason to part with your cap table or legal docs until you’re convinced that they’re actually committed to doing work with you in due diligence. ” Heading into a Term Sheet – Final Due Diligence.

Technical Review 316

Technical Review Due Diligence Term Sheet Cap Table 316

Startup Professionals Musings

DECEMBER 28, 2010

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. Some startups do nothing to prepare for the due diligence process, assuming the people and business plan documents will speak for themselves.

Technical Review 229

Technical Review Due Diligence Term Sheet Angel Investor 229

Gust

NOVEMBER 14, 2011

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. This is the dreaded “due diligence” process. Product or service readiness.

Technical Review 152

Technical Review Due Diligence Intellectual Property Private Equity 152

This is going to be BIG.

MAY 27, 2014

Last week, for just the second time ever, I passed on an investment opportunity because of the terms of the deal--both the price and the legal structure of the agreement. They got that way due in large part to a very public founder friendly stance. The Term Sheet. Venture Capital & Technology' I certainly have.

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Term Sheet Founder Cofounder Software Review 160

ithacaVC

DECEMBER 9, 2013

We (Cayuga Venture Fund) just signed up a term sheet with a new company (Company X). Rather I want to briefly comment on the process leading up to the term sheet and next steps. So our diligence and exploration process took us 4 months. It involved Company X finding a technology lead during our process.

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Term Sheet Cap Table Technical Review IP 58

Rob Go

DECEMBER 14, 2016

When a VC invests in a startup, the two parties usually sign a term sheet that lays out the major terms of the investment round. This is usually followed by several weeks or longer of legal due diligence. 90%+ of term sheets result in a closed deal that is more or less equivalent to what was discussed.

Term Sheet 28

Term Sheet Technical Review Due Diligence Private Equity 28

VC Cafe

AUGUST 11, 2022

And Founder-investor fit can be a huge asset if you manage to find it. A bond between a founder and investor is a commitment for a long term relationship – that’s why it is important to have the right partners on your side. In the case of Echo3D, I didn’t wait for the term sheet to be signed to start providing value.

Founder 187

Founder Term Sheet Cofounder Venture Capital 187

Hunter Walker

MAY 17, 2024

We had initially wanted to begin with a performance review product or a more conventional marketing product, but we started off in recruiting for very practical reasons: 1) We cared about the problem and 2) We were pretty sure we were going to win. Today, you’d look at Textio and say it’s an HR Tech company.

Cofounder 103

Cofounder Founder Technical Review Seattle 103

ReadWriteStart

MARCH 31, 2020

When anyone asks what investors look for in startups , typical answers include an experienced management team, a large market for their product or service, growth potentials, uniqueness. In the same vein, various technological innovations such as artificial intelligence have made VC funding easier and less biased. Conclusion.

Technical Review 175

Technical Review Artificial Inteligence Startup Term Sheet 175

Both Sides of the Table

OCTOBER 19, 2014

By September 26th we had submitted a term sheet which was signed on October 4th and financing was closed in less than 30 days. We funded about $2 million, which allowed a full team in Finland to be recruited for building the app and an international management team led from Los Angeles. Tech Market Analysis Upfront Ventures'

Technical Review 373

Technical Review North America Los Angeles Cofounder 373

Gust

MAY 22, 2012

We now have an investment in Cascade ProDrug, using technology developed at our own University of Oregon (based in Eugene, where I live) to help people fight cancer by reducing the toxic effects of chemotherapy. We have a standard term sheet as a starting point. We like the local connection. .

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Technical Review Oregon Due Diligence Term Sheet 111

Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations. Please see later version of this post on May 16, 2010 Entrepreneurs are often not experts in the area of term-sheet negotiations and all of the surrounding issues.   Investors sometimes “present” the terms they’d like and expect the entrepreneurs to react.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Both Sides of the Table

SEPTEMBER 25, 2010

These days there are many lawyers that will do equity deals cheaply as long is it is a standardized, simplified term sheet, early stage, no serious investor / management debates, limited IP / customers / due diligence and as long as they perceive you as a “hot&# company that’s likely to need legal services for many years ahead.

Finance 286

Finance Term Sheet Technical Review Warrant 286

Both Sides of the Table

APRIL 13, 2011

My initial desire to blog came from something that’s always been my approach to investing – I’m a nerd and I love to play with the technology and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level. Brad on blogging. How did you start blogging? “My Is that when it became big?

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

David Teten

JANUARY 19, 2021

Our categorization is not a technical one. As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

AUGUST 19, 2019

John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. I asked Michael Hoffman, Partner and General Counsel of Feenix, how he compared his firm with tech-enabled Merchant Cash Advance companies, e.g., Clearbanc , C2FO , Shopify Capital , etc.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Mucker Lab

AUGUST 27, 2014

At the time, LA and Santa Clara were both the epicenter of the technology industry due to the significant overlap between the aerospace/military industry (Los Angeles) and the computing business (Silicon Valley). Given our backgrounds, we often get asked about what makes the tech scene in Los Angeles different from that in the Valley.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. We’re currently evaluating about 20 companies a month and issuing term sheets to 25% of them; those that fit our investment criteria. Earnest Capital : Earnest is not technically RBI.

Revenue 60

Revenue Technical Review Software Review Equity 60

Both Sides of the Table

JULY 29, 2010

We received so much positive feedback from our This Week in Venture Capital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about. Q: “If you have a term sheet on the table how should you leverage with other VCs?&#

Venture Capital 282

Venture Capital Term Sheet Valuation Stock Options 282

Agile VC

MAY 26, 2011

AGILEVC My idle thoughts on tech startups. This also appears as a guest post at Fortune’s Term Sheet. Silicon Valley is still emerging from the tech bubble and massive downturn of late 2000-2002. We got to term sheet a bit quicker, but from start to the close was basically June to Nov 2003.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

YoungUpstarts

OCTOBER 12, 2017

Many of these companies are pre-revenue and in the cash burn stage as they try to establish their technology and market. Due to new accounting standards effective for December 2016 year-ends, the future timeline that management must consider for cash flow needs has expanded to one year from the issuance date of the audited financials.

San Francisco 133

San Francisco Forecast Early Stage Term Sheet 133

YoungUpstarts

OCTOBER 28, 2015

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. Debt or convertible securities (e.g.,

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

David Teten

DECEMBER 3, 2019

When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. I’d argue that the same type of technologies that have revolutionized dating can revolutionize our industry. . I walk through below how progressive investors are using technology and analytics throughout all of their operations.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. The managing partner of the firm called me the next day. we had about 25 firms contacting us – more than I could manage. After Office 2.0

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

This is going to be BIG.

MAY 12, 2014

If you''re looking to make a lot of dough in the short term, microVC isn''t for you. management fee. It''s only a little bit of a performance drag, though, because management fees act like a loan. I send out my own term sheets and review docs myself--especially since I''m in sydicated rounds.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

www.xconomy.com

JUNE 9, 2012

Tech Channels ▾ Cleantech ›. Innovation Report Shows San Diego Added 695 Tech Jobs at End of 2011. San Diego’s Free EvoNexus Tech Incubator Gains Qualcomm Expertise. Managing Director, Enterprise Partners. XSITE 2012: The Xconomy Summit on Innovation, Technology & Entrepreneurship. View More in Seattle ›.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Austin Startup

NOVEMBER 12, 2017

If, however, you bring them a technology deal that is outside their comfort zone, they literally need it handed to them on a platter. In that case, you are not making a specific offer; you are soliciting a terms sheet. As to institutional VC’s or PE investors, many of the same general rules apply.

Term Sheet 48

Term Sheet Technical Review Due Diligence Merger 48

This is going to be BIG.

OCTOBER 12, 2020

Moat, the biggest exit out of the bunch, was sourced when I met Mike Walrath at a tech event. 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.

LP 147

LP Technical Review Software Review Valuation 147

Hunter Walker

JANUARY 5, 2014

” If you’re in the technology industry you can probably answer but as I discovered this holiday season, most of my extended family and childhood friends were a bit fuzzier on the concept. Managing short-term tactical outcomes with longer term relationship cultivation. “A Venture Capitalist?

Software Review 102

Software Review Balance Sheet Cofounder Technical Review 102

David Teten

SEPTEMBER 6, 2015

Previously she was Co-Founder and CEO of SNAZZ, a cloud-based event management platform. Access to the corporate investor’s ecosystem can open up great opportunities from technology validation to customer and partner development. It can help develop applications for the startup’s technology in its early days.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Altgate

OCTOBER 8, 2009

The two most popular posts remain this one on term sheet negotiation and this one on venture debt , although this one on convertible debt is giving them a run for their money. Tips: $75 HOT All-Hands Team Meeting Board Management Tips For Startup CEOs Customer Support 2.0 Bookmark the permalink.

Term Sheet 39

Term Sheet Technical Review Michigan Liquidation Preference 39

Steve Blank

APRIL 9, 2009

When I asked our trade show manager she looked at me like I was the house idiot and said, “Steve, don’t you know that my job is to set up our trade show booth?” The other departments in marketing gave the same answers; the product-marketing department said their job was to write data sheets. This is a big idea.

Silicon Valley 269

Silicon Valley Technical Review RSS PR 269

Altgate

JANUARY 5, 2009

Share and Enjoy: This entry was posted in Current Affairs , Entrepreneurship , Green Business , Management , Startups , Technology , Venture Capital , Venture Debt and tagged top posts. Tips: $75 Killver VC Pitch Deck Not much to learn here. Although in 2008 I did learn that this is called a “ sneeze page.&# Who knew?

Technical Review 28

Technical Review Due Diligence Term Sheet Liquidation Preference 28

This is going to be BIG.

SEPTEMBER 30, 2012

This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. It's been said that long term returns are bad, but yet, where else are these institutions going to put the money to get growthy returns? Not a bad close rate, I'd say--and a pretty great pay day.

Venture Capital 130

Venture Capital Marketing Term Sheet Software Review 130

Scalable Startup

MARCH 7, 2012

Investor groups are cutting out the management, bus dev, sales, and marketing professionals, trying to get raw, young engineering teams that have never negotiated a term sheet to give away their IP rights and equity for next to nothing. Some of these projects will produce amazing companies. Balance, humility, hard work.

Software Review 26

Software Review Technical Review Los Angeles Due Diligence 26