View from Seed

MAY 17, 2019

There are two distinct chapters to venture fundraising – the first is entrepreneurs pitching their startup to multiple firms to generate interest and ultimately secure a term sheet; then, the period after a term sheet has been signed progressing to close.

Term Sheet 149

Term Sheet Reputation Security Conversion 149

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

This is going to be BIG.

AUGUST 21, 2023

It’s this part: “I’m getting inbound from investors…” Nearly all of the inbound VC interest happening out there is from non-partner investors (i.e. A check-writing partner reaches out to you. There’s a term sheet. was a term sheet. If they don’t like it, they can give you a better term sheet.”

Cap Table 78

Cap Table Term Sheet Database Option Pool 78

View from Seed

MAY 12, 2015

Yet once the right firms are identified, I believe that the tougher challenge is to determine which partner at these firms to approach. Most firms have anywhere from a couple to up to a dozen or more partners listed on their websites. ultimately, a term sheet) when pitching any given firm?

Partner 120

Partner Term Sheet Reputation Deal Flow 120

Both Sides of the Table

JANUARY 21, 2010

I’ve met several people from Cooley Godward who have stellar reputations in this category. Focus on the partner you would be working with. 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.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Scott Edward Walker

OCTOBER 19, 2021

2) Putting aside the potential legal liability, lying to investors makes no sense from a business perspective: not only do you risk alienating investors, but also you risk destroying your reputation (which is likely your most valuable asset). Founders must understand this as well in connection with hiring, fundraising and partnering.

Due Diligence 59

Due Diligence Term Sheet Reputation Founder 59

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. It has reputation. Reid Hoffman.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

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. If you join a fund, you’ll invest your financial capital, but far more importantly, your reputational capital. The other Partners have lost faith and want to cut their losses. So assessing fit is critical.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

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

View from Seed

MARCH 12, 2015

And of course, many individual VCs blog or have social media presences, so you can get a sense of what a particular partner is interested in or what themes they’ve concentrated on. Data doesn’t lie and reputations, good or bad, exist for a reason, but you should still try to gather multiple data points for comparison whenever possible.

Term Sheet 120

Term Sheet Cofounder SEC Portfolio 120

mashable.com

JUNE 11, 2013

But dont underestimate the importance of achieving a basic threshold of "this looks good (and reputable)." We spent six months fundraising only to walk away once we had a term sheet in hand because we realized we were making enough money to sustain and grow the business on our own terms.

Cofounder 111

Cofounder Technical Review Startup Software Review 111

abovethecrowd.com

APRIL 20, 2016

All Unicorn participants — founders, company employees, venture investors and their limited partners (LPs) — are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself. The Sharks Arrive With Dirty Term Sheets. The typical Silicon Valley term sheet does not include such terms.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

www.vccafe.com

MARCH 11, 2013

WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? Mark Suster GRP Partners Advice. Philippe Botteri, Bessemer Venture Partners. UCL has built a reputation as a pioneer of collaboration between industry and academia.

Software Review 53

Software Review Technical Review Startup 53

www.paulgraham.com

APRIL 28, 2010

One of the dangers of taking investment from individual angels,rather than through an angel group or investment firm, is that theyhave less reputation to protect. The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Both Sides of the Table

APRIL 3, 2010

First, if the VC does 15-20 of these under one partner then it is certain he can’t spend any time with these investments. I believe these VC funds have suffered some amount of reputation fall out. We used the Y Combinator open source term sheet. Great reputation. And then there is GRP Partners.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

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). . Protecting one’s reputation is incredibly important for any investor, whether independent or corporate.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

This is going to be BIG.

SEPTEMBER 1, 2010

Sure, there will always be another investor who hears that you’ve got a term sheet that is willing to one-up it on price, but it’s really hard to get that first one in the pool. The investor water cooler occasionally falls victim to reputation racketeering.

Equity 104

Equity Term Sheet Seed Stage Angel Investor 104

Both Sides of the Table

JANUARY 29, 2010

Company B had already lined up a significant funding round ($20 million) from some of the most elite VCs on Sand Hill Road but hadn’t signed the term sheet. She asked if she could fly the next day to meet with me and my partners. We rallied the troops to do a 6-8pm session the next day.

Entrepreneur 296

Entrepreneur Silicon Valley Term Sheet France 296

Cracking the Code

MARCH 28, 2022

In fact the term sheet was signed the day before the world went into lockdown! The reason I mention this is that our fundraising strategy involves first and foremost choosing partners who are human beings that we’d like to join us on our journey. What advice would you give on choosing co-founders?

B2B 62

B2B Cofounder Small Business 62

Agile VC

FEBRUARY 28, 2012

Entrepreneurs can sink a lot of time into fundraising discussions that go nowhere or end with actual term sheets but ones they’re not prepared to accept (firms you don’t want to work with, terms you don’t like, etc). My partner @ LeeHower looks back: [link] 5 days ago Search. Previous Entries.

Early Stage 100

Early Stage Syndicate Syndication Silicon Valley 100

Rob Go

AUGUST 9, 2016

Once you get a term sheet from an investor or have strong indication that a term sheet is coming, start doing more serious diligence. You worked hard to get term sheets, you targeted investors with good reputations, and you are eager to get back to work.

Term Sheet 28

Term Sheet Due Diligence Lead Investor Portfolio 28

Genuine VC

MARCH 25, 2010

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. Scuttlebutt in the marketplace is just that, and is a reflection on reality.

Early Stage 123

Early Stage Venture Capital Term Sheet Conversion 123

Genuine VC

MARCH 25, 2010

I had coffee with an entrepreneur friend the other day who is in the early stages of putting a company together, and he recounted how his informal conversations with a venture capitalist had quickly escalated into a full partner pitch in just a few weeks. Scuttlebutt in the marketplace is just that, and is a reflection on reality.

Early Stage 121

Early Stage Venture Capital Term Sheet Conversion 121

Rob Go

JULY 17, 2014

2) Is your reputation in the market such that great people will want to work with you? On #2, we have been fortunate to collaborate with a wide group of exceptional entrepreneurs, coinvestors, and limited partners. For a seed stage venture capital firm, product/market fit comes down to two questions.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Hunter Walker

JANUARY 23, 2015

3 is the most important – all goodness as an investor at our stage starts with a great reputation among founders. 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).

Cofounder 48

Cofounder Term Sheet Metrics .Net 48

Venture Chronicles

JULY 16, 2010

The second scenario is the pulled term sheet. This is definitely on the upswing and reflects the issues that funds are having with their limited partner investors. After the term sheet is executed the investment fund will go into a deeper level of due diligence with the company, a process that is equivalent to an anal probe.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

This is going to be BIG.

JANUARY 22, 2018

Another thing that skews the process is the lack of accessibility of many partner-level VCs, especially to diverse communities. You're a partner at a firm, you're married, have kids, etc., I offered a term sheet to lead a $1.6mm financing. Look, I get it. Overly simplistic?

Founder 100

Founder Conversion Naming Term Sheet 100