Steve Blank

JANUARY 4, 2010

Now with customers and early revenue, it was out raising its first round of venture money. Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. For its first year IMVU had funded itself with money from friends and family. The Web and Startups.

Hockey Stick 284

Hockey Stick Venture Capital Startup Cofounder 284

David Teten

JUNE 7, 2018

He could claim, “The earnout was 10% of revenues instead of 7% of revenues.” I would show a judge my version of the agreement, which shows the earnout was 10% of revenues. Every page in the document should have in the footer the file name, version number, and date and time printed.

Merger 60

Merger Massachusetts Term Sheet LLC 60

David Teten

JUNE 7, 2018

He could claim, “The earnout was 10% of revenues instead of 7% of revenues.” I would show a judge my version of the agreement, which shows the earnout was 10% of revenues. Every page in the document should have in the footer the file name, version number, and date and time printed.

Merger 60

Merger Massachusetts Term Sheet LLC 60

reidhoffman.org

NOVEMBER 12, 2013

we had no revenue. As a result, we knew that our pitch would need to steer into investors’ biggest concern: the lack of revenue. Instead, our strategy was to steer immediately into the revenue question because that was the top concern of investors in 2004. We made the mistake of listing three different revenue streams.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

K9 Ventures

OCTOBER 10, 2017

I’ve been an avid reader of Dan’s Term Sheet while he was at Fortune , and now Pro Rata at Axios. There are a now a handful of funds, K9 included, that are Pre-Seed funds in name and practice. Seed is the new Series A. (~$2M used get for building product, establishing product-market fit and early revenue).

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Pascal's View

NOVEMBER 15, 2011

Dan Primack posted an article in Term Sheet last week titled Yelp This: IPO Market Is Killing It. Clovis Oncology is set to price a $160 million offering, despite having a whopping $0 in revenue. Also on the docket is Lashou Group, which only reports $16 million in revenue for the first nine months of 2011.

IPO 31

IPO Term Sheet Marketing United States 31

This is going to be BIG.

JANUARY 22, 2018

On an app advertised to "meet inspiring people" for meaningful networking, someone tells this black founder, whose last name is "Youngblood" that is name is inappropriate. The person goes on to blame the uncommonness of the name. I offered a term sheet to lead a $1.6mm financing.

Founder 100

Founder Conversion Naming Term Sheet 100

www.paulgraham.com

APRIL 28, 2010

There never has to be atime when you have no revenues. A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out. When we got into such a scrape, our investorstook advantage of it in a way that a name-brand VC probably wouldnthave. Thats where the name"incubator" comes from.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Eric Friedman

AUGUST 18, 2021

In 2007, he was named the Anne Armstrong Leadership Fellow, a position given annually to the most promising young foreign policy professional. On Describing His Current Work without Naming His Fund/Investments. They talk about] businesses which are not contractually recurring revenue in the parlance of recurring revenue run rates.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

abovethecrowd.com

APRIL 20, 2016

A high performing, high-growth SAAS company that may have been worth 10 or more times revenue was suddenly worth 4-7 times revenue. The Sharks Arrive With Dirty Term Sheets. The typical Silicon Valley term sheet does not include such terms. Dirty term sheets are a massive problem for two reasons.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

David Teten

DECEMBER 3, 2019

Pro Publica has a Nonprofit Explorer database searchable by principal name on all nonprofit filings, so you can see a person’s nonprofit activities. . Founders are often disadvantaged in their negotiation vs. investors because they’re less familiar with the long-term implications of different structural options.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

abovethecrowd.com

NOVEMBER 28, 2022

As the bull market raged on from 2015 to 2022, it became quite trendy for venture capitalists to wave the requirement for an annual audit which is embedded in almost every standard Series A term sheet. Without naming names, some U.S. No investor wants to lose a deal over an audit requirement.

Venture Capital 113

Venture Capital Non-Compete Government Delaware 113

www.paulgraham.com

APRIL 28, 2010

We chargedquite a lot for our software—about $140 per user per month—butit was at least a year before our revenues would have covered evenour paltry costs. Plus as aconsulting company you might be able to get big-name users usingyour software that you wouldnt have gotten as a product company. If not, dont even try.

Bootstrapping 77

Bootstrapping Term Sheet Founder Startup 77

Startup Lessons Learned

AUGUST 17, 2020

They found ways to support longterm care facilities, homeless shelters, and other locations serving those most at risk, all while schools, their main source of revenue, were closed. Kirsten Saenz Tobey : My name is Kirsten Saenz Tobey. Kristin Groos Richmond : My name is Kristin Groos Richmond. Rev Foods rapidly scaled up.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

techcrunch.com

NOVEMBER 2, 2010

I wouldn’t recommend this if you’re meeting with more than 2 people, but this meeting was one of my best and resulted in a term sheet. Containing the numerical story of the company so far including revenue if any (also net income, current monthly burn). Do not just list a bunch of employee names. Why did this work?

Technical Review 100

Technical Review San Francisco Framework Term Sheet 100

NZ Entrepreneur

JULY 8, 2019

I later discovered that this investment form gathered a name – angel investing. Soon after that first investment, I started my first business, and am now on my fifth (all $1m+ in revenue, but not all ‘successful’). A simple metric – when I registered my first company in 2004, the naming space was wide open.

New Zealand 42

New Zealand Entrepreneur Valuation Dilution 42

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. All names redacted.). I think it’s difficult, if not impossible, to value a pre-revenue company with any reasonable accuracy. The company with all the revenue is Company C. I’m wrong all the time.

Sweat Equity 41

Sweat Equity Equity Cofounder Non-Compete 41

www.quicksprout.com

NOVEMBER 1, 2010

Although I have made a decent amount of investments, I don’t consider myself an “angel investor” because I don’t search for companies to invest in, I don’t lead financing rounds, and I don’t know how to read term sheets. I just have some problem with “Don’t account for revenue until it hits your bank account.&#.

Elevator Pitch 60

Elevator Pitch Revenue Entrepreneur SEO 60

Steve Blank

APRIL 16, 2009

And in this very unique case, we figured out how to maximize revenue and profit by branding and product line extensions. Marketings job is to take engineering products and use them to maximize revenue and profit. We did that when we surveyed our customers. We would use this same idea 10 years later at E.piphany.

Silicon Valley 136

Silicon Valley Product RSS Engineer 136

Life Beyond Code

SEPTEMBER 27, 2011

One Million by One Million is a global initiative that aims to nurture a million entrepreneurs reach a million dollars each in annual revenue and beyond by 2020, thereby creating a trillion dollars in global GDP and ten million jobs. By April 2010, the One Million by One Million (1M/1M) global initiative had been formally named.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116