View from Seed

AUGUST 12, 2015

I once showed a company to another VC for an investment we were syndicating. Today, Lumos Labs is better known by their product’s name, Lumosity.com, which is used by more than 70M worldwide. This investor loved the team and thought the solution they were building was compelling.

Seed Stage 120

Seed Stage Marketing Angel Investor Term Sheet 120

David Teten

SEPTEMBER 6, 2015

It comes as no surprise as technology today enables companies to prove product-market fit much earlier in their lifecycles. Having said that, there are times when it’s wise for the startup not to work with the parent company…or to hold off until its product is mature enough. Now practically everyone is getting involved in Series A.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Both Sides of the Table

APRIL 3, 2010

When I was first starting companies in the late nineties it took $3 million just to get version one of our product out the door. We used the Y Combinator open source term sheet. We signed the term sheet within 48 hours and had funded in under 2 weeks. If you accept my terms you’re done.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

Both Sides of the Table

AUGUST 1, 2010

They either do too many seed investments (for which they can spend no quality time with any) or they treat it as an option (“if you succeed come back and see us and we’ll match any term sheet you get&# ) – they view it as a sort of “right of first refusal.&#. The signaling affect is overrated.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

chrischandler.name

NOVEMBER 1, 2010

Be prepared with your business plan, term sheet, and probably a beer. Great people with great product can still enter the market in unfavorable conditions and that can end it all Reply @pekpongpaet says: May 19, 2010 at 21:52 Even the smartest best working people can and will treat startups as a different beast.

Equity 40

Equity Developer Entrepreneur Syndicate 40

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. It shows that things are working and there is product/market fit, but there is a long way to go towards building an enduring company of great consequence.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Rob Go

APRIL 19, 2017

Just last week, Axios announced that Stephen Marcus is raising a fund called Riot Ventures and Term Sheet announced that Nilanjana Bhowmik from Longworth will be joining Converge. Recently, I’ve been spending a fair bit of time with a number of the new early-stage investors in Boston. There are a lot of new folks in the space.

Early Stage 34

Early Stage Boston Artificial Inteligence Term Sheet 34

David Teten

DECEMBER 3, 2019

Automation allows you to spend less time on tedious tasks and will help boost productivity, especially within a small marketing team. Russell Rothstein, Founder and CEO, IT Central Station , a product review site, said, “We see VCs on our site very often. They read reviews of the products of target investments.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Professor VC

JUNE 20, 2011

The business model (OEM through broadband and home security companies for mass distribution) if not specific product functionality has remained largely the same. At this time, we had secured a term sheet from a co-investor from one of my other angel investments (Thanks, Graeme!) So what does this all mean.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

www.paulgraham.com

APRIL 28, 2010

Then you can gradually transformyourself from a consulting company into a product company, and haveyour clients pay your development expenses. To be a startup, a company hasto be a product business, not a service business. Some angel investors join together in syndicates. There never has to be atime when you have no revenues.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Scott Edward Walker

NOVEMBER 26, 2017

The way the investor thinks about it is that, if you can’t figure out your way to network your way to [an investor],… then you’re unlikely to be able to network your way into hiring a great team, or network your way into selling your product to customers. (at In fact, in this new fundraising environment (with syndicates on AngelList , etc.),

Term Sheet 63

Term Sheet San Francisco Founder Investment Bankers 63

Feld Thoughts

JULY 14, 2015

The company spends the $1m building and launching their first product. The product gets a lot better. The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. They go out to raise a Series A, but there are no takers.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70