David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5% return cap.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Both Sides of the Table

OCTOBER 19, 2009

I had really positive experiences such as working with Greg Gretsch at Sigma Partners where he championed us to a partners’ meeting where we sort of got crucified. We made changes and Greg was a gentleman throughout the process rather than berating us for our performance (it was our first partners’ meeting).

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

APRIL 19, 2011

Since selling Matt has gone on to become one of the smartest angels I have seen operate. Called Tim Spicer (c-companies partner) and he told him matt, they only want one thing, more warrant coverage!!! He is very hands-on and helpful – especially for any company looking into customer acquisition. And he said ok got it.

Acquisition 304

Acquisition Warrant Customer Term Sheet 304

View from Seed

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Both Sides of the Table

APRIL 13, 2011

If you are going to do the tour up and down Sandhill Road to try and raise your 1st round of financing you need a pitch deck because the vast majority of those meetings you are going to be sitting around a table and you will be presenting to one or more partners and that is going to be your first engagement.”. Is that when it became big?

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

This is going to be BIG.

MAY 12, 2014

You charge your limited partners this, but you have to pay it back before you start taking a cut of the profits. That means I have a total budget of a little over $200,000 to run the entire operations of Brooklyn Bridge Ventures. 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

The Next Web

SEPTEMBER 13, 2013

In India, the leading firms are slightly more concentrated with Sequoia India , Accel Partners , and Nexus Venture Partners being a cut above the rest. The term sheets tend to be fairly standardized and straightforward as well. Term sheets are littered with many more obscure protective provisions and onerous terms.

Asia 132

Asia Silicon Valley India Term Sheet 132

Mucker Lab

AUGUST 27, 2014

As an entrepreneur himself, founding and operating printed circuit board factories in Taiwan, my father was debating between two places to immigrate to and build his next new venture: Los Angeles (“The Valley” aka San Fernando Valley) and Santa Clara (“Silicon Valley”).

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

YoungUpstarts

OCTOBER 28, 2015

by John Vrionis, partner at Lightspeed Venture Partners. Investors typically negotiate from a term sheet, which if not handled properly can create problems that can hurt or kill the startup’s chances when they do their Series A round of funding. Lightspeed is in the business of encouraging entrepreneurship.

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

David Teten

AUGUST 19, 2019

In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. According to Brian Parks, “Bigfoot provides RBI, term loans, and lines of credit to SaaS businesses with $500k+ ARR. The average monthly operating expenses is $70,335. Bigfoot Capital. The average cash balance is $191,164.

Revenue 60

Revenue Technical Review Software Review Equity 60

Hunter Walker

JANUARY 5, 2014

The Stage 1 partner escalates an opportunity to Stage 2 when we’ve been able to create a hypothesis as to why this might be a good investment. That partner also generates a set of questions for the other partner to push on in their discussions and data requests. 4) Fund Operations. 5% Fund Operations.

Software Review 102

Software Review Balance Sheet Cofounder Technical Review 102

This is going to be BIG.

MAY 5, 2023

She’s already a seasoned pro—three term sheets got signed in her room at the NICU where she spent the first 80 days of her life. I’ll also continue to work within the NYC tech community—now thriving at a level I could hardly have imagined when I first got the pitch deck for USV’s first fund as a Limited Partner at the GM pension fund.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Both Sides of the Table

MARCH 23, 2015

We talked in the full interview about some of Fred’s partners and the role that they play in the firm. My initial blogging inspiration was actually Brad Feld because as an entrepreneur I always wanted to work with Brad after reading his advice on term sheets and the like. But Fred got me to see a broader perspective.

Los Angeles 150

Los Angeles Silicon Valley Term Sheet Video 150

David Teten

SEPTEMBER 6, 2015

She had so much insight to share that we broke the interview into two parts, 1) Corporate Venture Capital and more broadly, 2) How the Fortune 500 Can Buy, Invest and Partner with the Innovation Economy (coming soon). . I recently had a chance to interview Mari Joller , an expert on corporate innovation, on this topic.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Both Sides of the Table

JANUARY 21, 2010

Focus on the partner you would be working with. I always try operate on the “Fixed Fee +&# arrangement. One issue he talked about was working with partners. I also like to work with partners. But I also know it’s not realistic for the partners to do all of the work. Good people and evil people.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Version One Ventures

AUGUST 28, 2019

Entrepreneurs have an increasing amount of financing options – that’s good news, but it also makes it harder to choose the right partners for your journey. We have conviction: If we like a deal, we are happy to write a term sheet. Not a day goes by that a new fund isn’t being announced.

Founder 109

Founder Term Sheet Early Stage Venture Capital 109

David Teten

SEPTEMBER 2, 2017

It’s hard enough to get a job at a venture capital or private equity firm; it’s even more complex to join as a Partner. Sean Seton-Rogers, Partner, Profounders Capital, breaks the conversation into three areas: Control: voting/veto for new deals, share of management company. So assessing fit is critical. What should the firm do?

Private Equity 60

Private Equity Venture Capital Equity Partner 60

Rob Go

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Both Sides of the Table

APRIL 25, 2013

I had them at my partners’ meeting the next Monday. We had them a term sheet the same week. Tells me she wants to do operational stuff so she joins a small team of people running City Search. As are her partners. Turns out Punky was a childhood hero for Tasha. That’s cute. They pitched on a Wednesday.

Haiti 398

Haiti San Francisco Startup Turkey 398

Both Sides of the Table

FEBRUARY 27, 2012

VC’s keep different titles but the most common that I’ve come across that are investment professionals are (in ascending order of seniority): analyst, associate, principal and partner. In a VC firm the people with authority are clearly partners, although some firms have principals that also have authority.

Partner 308

Partner Term Sheet Sales Portfolio 308

Both Sides of the Table

SEPTEMBER 28, 2011

Operations. I submitted a term sheet to a company yesterday. Yesterday I offered him a term sheet. I spent time today negotiating it with him and getting my partners bought into some changes. We call these investors “LPs” for limited partners. My core duty. I had lunch with an LP.

Email 314

Email Product Term Sheet Portfolio 314

www.founderinstitute.com

MARCH 2, 2010

The Lab manages the shared operational needs of its member organizations, allowing them to better focus on mission and execution. When members see connections, they often partner with one another, backstopping and expanding each other’s capabilities and skills or forming entirely new ventures.

Term Sheet 40

Term Sheet Liquidation Preference Vesting San Diego 40

OnlyOnce

APRIL 27, 2021

Expect to hear things like “Aren’t we partners in this business?” Your best bet is to do it early in the process before you have a term sheet, and do it as an exploratory conversation. The conversation with an existing independent director about leaving the board when their term is up.

Vesting 48

Vesting Cofounder Startup Term Sheet 48

Up and Running

DECEMBER 30, 2015

Founders should pay attention to the liquidation preference in the term sheet to ensure it does not become detrimental to them in a less than favorable exit. Another funding option, a no-funding operating plan, or a M&A option is critical to getting the terms you need in the timing you want.

Due Diligence 84

Due Diligence Valuation Liquidation Preference Redemption 84

Both Sides of the Table

MAY 25, 2013

I’ll admit that I do know one VC firm who’s strategy is not to call their entrepreneurs and not to be involved in operations. Many entrepreneurs come by with great pitches and say, “I’m hoping to have term sheets in the next 30 days.” My view … it is my job to be a sparring partner.

LP 374

LP Later Stage IRR Term Sheet 374

This is going to be BIG.

APRIL 16, 2018

it strikes me that actually talking to an investor, sharing your vision, and actually starting to work together feels like a better strategy than going silent until "Pitch Day" when you show up all ready and prepared, expecting term sheets in just a couple of weeks. Get them to do some homework for you, too--especially around hiring.

Due Diligence 74

Due Diligence Early Stage Term Sheet Vesting 74

The Next Web

FEBRUARY 27, 2014

George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures , a startup consulting and financial advisory firm based in Chicago. Related to the above is the industry in which you operate. You can follow George on Twitter at @georgedeeb and @RedRocketVC. Your industry.

Valuation 167

Valuation Forecast Seed Stage .Net 167

Austin Startup

SEPTEMBER 20, 2019

CTAN member, Rosa McCormick of Wild Basin Investments, laying down some fantastic knowledge @AtxStartupWeek for entrepreneurs in "Demystify Your Deal: Term Sheets 101"! Special Forces operators turned entrepreneurs, participants will walk away knowing more about how to make the right call in the most dire situations.

Austin 48

Austin Startup Texas Community 48

Both Sides of the Table

FEBRUARY 11, 2012

submitting term sheets. In booming markets the best firms operate on a 33% basis. In face, your goal in a negotiation is not always to get the lowest possible terms. I learned concepts such as BATNA (Best alternative to a negotiated agreement, which every MBA will remember). doing pre-emptive follow-on rounds.

Mexico 305

Mexico Term Sheet Hiring Search 305

David Teten

JULY 20, 2011

Clarify how work responsibilities will be shared between partners and associates at the firm. Invite your attorney to attend Board meetings (and not to charge for taking minutes) so that he or she will have a better understanding of your business and will be able offer insight on operational and legal matters.

Intellectual Property 128

Intellectual Property Entrepreneur Term Sheet Venture Capital 128

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. We’ve continued to refine our process so we make best use of entrepreneur’s time and move as fast – or faster – than the market in getting a term sheet to the teams we want to back.

LP 97

LP Cofounder Term Sheet Valuation 97

David Teten

DECEMBER 3, 2019

But in business, you want a lot of partners. I walk through below how progressive investors are using technology and analytics throughout all of their operations. In the private equity universe, most Partners have primary training as deal-makers, not as managers. Most of us want one spouse and we’re done. 1) Manage the firm .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Up and Running

JANUARY 7, 2020

We ended up receiving a $5m term sheet from investors, dozens of government customers from all across the western United States, and several offers to acquire us for 10x the initial investment. A simple way to achieve this is by finding the answers to “does it save money, make money, save time, or make operations more efficient?”.

Product 82

Product Marketing Silicon Valley Term Sheet 82

Rob Go

JULY 17, 2014

As former operators and product-oriented entrepreneurs, Dave, Lee, and I tend to think of our firm as a startup company and our approach to investing as our product. On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Hunter Walker

JANUARY 23, 2015

Get Homebrew operations up and running. The promise was to be their partners of conviction for the 0-3 years of their company (nominally Seed until B Round). This is a conversation which should happen before the term sheet has been signed). Second, we have Goals, our version of OKRs.

Cofounder 48

Cofounder Term Sheet Metrics .Net 48

reidhoffman.org

NOVEMBER 12, 2013

× At Greylock , my partners and I are driven by one guiding mission: always help entrepreneurs. In a single year, the classic general partner in a venture firm is exposed to around 5,000 pitches; decides to look more closely at 600 to 800 of them; and ends up doing between 0 and 2 deals. What will that partner tell their partners?

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

Startup Lessons Learned

AUGUST 17, 2020

As she recalls, "once we as a team and ecosystem of stakeholders got our plan together--and a big part of that was our incredible school partners, who said, 'We are going to feed as many kids and families as we can,'-- within a week, we were building at light speed what would be the next iteration of Revolution Foods and our feeding system."

Cofounder 60

Cofounder Security Founder Entrepreneur 60