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Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

While VC deals remain marketed on a pre-money basis, sophisticated investors know that what matters most is the post-money (how much of the company will I own after all of the new shares have been issued). The CEO/founder often has leeway to influence or negotiate the cap value (especially when the headline cap is softened by a discount).

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Cliff Notes S-1: Kayak ? AGILEVC

Agile VC

Last week ZipCar began trading and has a market cap of about $1 billion. Only 7% of the search queries are performed by users referred by search engines, meaning Kayak’s brand is very strong and they continue to build it ($39M spent in 2010 on brand advertising, nearly $92M in total marketing spend). Quinstreet priced at $15.00/sh

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VCs eating our own dog food: Using technology and analytics to make better investments

David Teten

In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or ā€œ origination ā€. I use another live Google doc to maintain my database of companies Iā€™m marketing to other VCs. 2) Market . Many tools designed for B2B marketing in general are also relevant to investors.

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How to Fund a Startup

www.paulgraham.com

As a company gets more established,its valuation gets closer to an actual market value. Some angel investors join together in syndicates. So after this the option pool is down to 13.7%). [ If someone pays $20,000 for 10% of a company, the company isin theory worth $200,000. In Boston thebiggest is the CommonAngels.