article thumbnail

Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

We’ve received numerous constructive comments, both privately and on social media, from attorneys, VCs, and CEOs who are well aware of the problem (including several who are experiencing it in real time). This is a fundamental issue that does, indeed, boil down to understanding the post-money valuation of a company.

article thumbnail

A VC’s take on the Season 5 premier of Sharktank

Lightspeed Venture Partners

to fund the company at a $6M post money valuation from a number of investors including Selena Gomez. Despite having over 500k downloads and making $450k in revenue over the last 21 months, he had only $185k left in the bank, which meant that he would be out of business in 90 days if he didn’t raise more money.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Founders: Learning should be your top 2013 New Year’s resolution

The Next Web

Startup courses from Udemy , a crowdsourced platform for learning: Learn how to raise money for your startup : The most popular course on Udemy, gathering advice from 7 founder CEOs including Naval (founder of AngelList), Dave McLure (founder of 500 Startups) and others. Startup Hiring : How to attract, hire and retain the best people.

article thumbnail

90 Things I've Learned From Founding 4 Technology Companies

betashop.com

We think social first and we are defining and inventing what social commerce can be. Getting social right is hard. Your customer is growing up on social media. That means if you’re taking money with a $5M post-money valuation, the expectation is that you are building for a minimum $50M exit. $10M