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. These are many of the steps I went through when I joined HOF Capital. These are many of the steps I went through when I joined HOF Capital. Union Square Ventures ( [link] ). Use at your own risk.

Private Equity 60

Private Equity Venture Capital Equity Partner 60

David Cohen

MARCH 18, 2019

First, if you’re talking to a venture capital firm that writes large checks (>50% of the round size you’re seeking), just ask them to commit to investing. If they want to invest, they’re going to want to lead and will throw out a term sheet. Let them know they’re wanted.

Lead Investor 129

Lead Investor Term Sheet Seed Stage Venture Capital 129

Both Sides of the Table

APRIL 3, 2010

This is part of my ongoing series on Understanding Venture Capital. I recently wrote a blog post on understanding how the size and age of a venture capital fund might affect you when you’re raising money. I believe these VC funds have suffered some amount of reputation fall out. Same with True Ventures.

Venture Capital 265

Venture Capital Term Sheet Early Stage Silicon Valley 265

Feld Thoughts

FEBRUARY 25, 2016

If you’ve never experienced a retrade, or don’t know what I’m talking about, it’s the situation when you have a firm deal agreed upon or a term sheet signed and are proceeding to closing a deal, when the investor (or acquirer) decides to change the terms of the deal.

Term Sheet 70

Term Sheet Reputation Valuation Acquisition 70

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. In addition, their reputation will help ensure that investors know the company has the benefit of their experience and advice.

Venture Capital 113

Venture Capital Non-Compete Government Delaware 113

Both Sides of the Table

FEBRUARY 27, 2012

While this post is written about raising venture capital (which I always remind entrepreneurs IS a sales process) the lessons can be applied to any sale or biz dev deal. They are people who are persuasive (see point 3 below), who compile relevant facts and who are willing to put their reputations on the line to get a deal done.

Partner 308

Partner Term Sheet Sales Portfolio 308

This is going to be BIG.

NOVEMBER 11, 2013

The venture capital game has become about branding yourself so you can get into a handful of hot deals." -- @Naval on stage with @Jason. Dennis and Naveen had pitched just about every investor you could think of and came up with a whopping zero term sheets. Visibly go all in with your reputation and effort.

Columbus 112

Columbus Venture Capital Viral Term Sheet 112

Both Sides of the Table

NOVEMBER 18, 2012

He shut down his company gracefully and even thought it must have felt like a crap sandwich doing so I’ll bet his reputation is still solid with his backers. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum. Yeah, I trust you.

Monaco 420

Monaco Cofounder Chicago Mexico 420

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. Tags: Venture Capital & Technology. Not at all.

Equity 104

Equity Term Sheet Seed Stage Angel Investor 104

SoCal CTO

JULY 13, 2010

10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. Of course, having no reputation is usually better than a bad one, but don’t wait for someone else to establish a good one for you. Productivity.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

Genuine VC

MARCH 25, 2010

That situation sounds very positive in theory, but the problem is that this founder wasn’t ready for this interest and is trying to play catch up in other capital raising discussions (with both angels and VCs). Like most things, knowing who, when, how much, about what, and how often to talk to VCs about your startup is not clear-cut.

Early Stage 123

Early Stage Venture Capital Term Sheet Conversion 123

Genuine VC

MARCH 25, 2010

That situation sounds very positive in theory, but the problem is that this founder wasn’t ready for this interest and is trying to play catch up in other capital raising discussions (with both angels and VCs). Like most things, knowing who, when, how much, about what, and how often to talk to VCs about your startup is not clear-cut.

Early Stage 121

Early Stage Venture Capital Term Sheet Conversion 121

Rob Go

JULY 17, 2014

For a seed stage venture capital firm, product/market fit comes down to two questions. 2) Is your reputation in the market such that great people will want to work with you? 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

Gust

OCTOBER 2, 2014

He shut down his company gracefully and even thought it must have felt like a crap sandwich doing so I’ll bet his reputation is still solid with his backers. Think about it – most entrepreneurs who manage to raise seed money or venture capital usually raise enough money for 12-18 months maximum. Many times it’s less.

Monaco 122

Monaco Cofounder Chicago Mexico 122

Startup Professionals Musings

DECEMBER 26, 2021

On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Remember, your lawyer is a reflection of you, so check their reputation and style, as well as their win-loss record. Always wait for the investor to play his hand. Next, make sure you listen more than you talk.

Term Sheet 328

Term Sheet Bootstrapping Finance Startup 328

reidhoffman.org

NOVEMBER 12, 2013

The key problem with existing technologies was adverse selection, specifically concerning the incentives of participants and the reputation systems: In the yellow pages, people wanted to be found but the way they represented themselves had nothing to do with how good they were. It has reputation. Our answer: a network.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

abovethecrowd.com

APRIL 20, 2016

In Silicon Valley boardrooms, where “growth at all costs” had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue. 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.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. Venture Capital Funds VC firms are like seed firms in that theyre actual companies, butthey invest other peoples money, and much larger amounts of it.VC

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Startup Professionals Musings

OCTOBER 26, 2012

On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Remember, your lawyer is a reflection of you, so check their reputation and style, as well as their win-loss record. Always wait for the investor to play his hand. Next, make sure you listen more than you talk.

Entrepreneur 248

Entrepreneur Term Sheet Finance Bootstrapping 248

Startup Professionals Musings

AUGUST 1, 2011

On the other hand, when negotiating a financing for your company, you should never present your term sheet first. Remember, your lawyer is a reflection of you, so check their reputation and style, as well as their win-loss record. Always wait for the investor to play his hand. Next, make sure you listen more than you talk.

Term Sheet 232

Term Sheet Bootstrapping Finance Startup 232

Venture Chronicles

JULY 16, 2010

Throughout my years in the venture capital business I was witness to some questionable behaviors and tactics, which in reality is par for the course in any business, but nothing could have prepared me for what I have seen in the last 2 years. The second scenario is the pulled term sheet.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

Feld Thoughts

JULY 14, 2015

The term sheet converts all the convertible debt into a post-money valuation of $100, essentially making the convertible debt worthless. And developing a reputation for recapping seed rounds is, in my book, silly. So they recapitalize the company. In a single turn game, this might be rational behavior.

Recapitalization 70

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

Cracking the Code

MARCH 28, 2022

In fact the term sheet was signed the day before the world went into lockdown! And we’ve built a reputation here – personally and commercially – that helps us attract this talent. Accel took a bet on Melio in the most uncertain time we’ve experienced for a long while, which we’re very grateful for.

B2B 62

B2B Cofounder Small Business 62

www.vccafe.com

MARCH 11, 2013

Venture Capital Cafe > Startup Resources (Updated Mar 2013). National Venture Capital Association â?? WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? Raising Venture Capital. About VC Cafe.

Software Review 53

Software Review Technical Review Startup 53