The Next Web

APRIL 6, 2013

The five suggestions below are designed to help facilitate the investment process which may lead to a more expeditious term sheet and teach entrepreneurs to think more like an investor. In fact, we engaged a leading US investor who gave an initial terms sheet to a very promising startup with a ‘rockstar CEO’, to then retract the $1.5

Term Sheet 126

Term Sheet Due Diligence Strategic Investors Valuation 126

Both Sides of the Table

DECEMBER 17, 2009

Ability to Pivot – I don’t like to invest in people that I’ve never met before who come through my office wanting to have a term sheet within 30 days. Yes, there is the mythical company you all heard about that walked into Sequoia and had a term sheet 24 hours later. I’m sure that happens.

Entrepreneur 291

Entrepreneur Term Sheet Early Stage Affiliate 291

Feld Thoughts

MARCH 16, 2021

When Jason and I wrote the first edition Venture Deals in 2011, we built off a series of 30+ blog posts we wrote in 2005 about Term Sheets. While the web is a much noisier place in 2021 than it was in 2005, the opacity and information asymmetry around SPACs are remarkably similar to what existed 16 years ago around venture deals.

Term Sheet 151

Term Sheet Finance Web Entrepreneur 151

crowdSPRING Blog

JUNE 6, 2013

These posts and videos are about logo design , web design , startups, entrepreneurship, small business, leadership, social media, marketing, and more! A founder-friendly term sheet – [link]. Web Design Trends 2013: Top 10 Smashing Trends to Look Upon | Psdblast – [link]. Take a minute break.

Social Media 95

Social Media Small Business Design Media 95

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. Web service architecture that provides a content management platform for the Internet. That changed very quickly. Page 2: What’s unique about Koral.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Both Sides of the Table

MAY 13, 2018

If an investor isn’t engaging then they’re not suddenly going to get a term sheet. If we feel a mutual connection then my goal is to make your life easier by offering you a term sheet before you’re even raising and I’ll spend the time and effort trying to prove that it isn’t worth running a process.

Term Sheet 332

Term Sheet Due Diligence Campaign Sales 332

Austin Startup

JULY 22, 2017

This is similar to something we did at Austin Ventures to encourage startups to make a donation to the Entrepreneurs Foundation of Central Texas.

Austin 54

Austin Angel Investor Startup Term Sheet 54

The Next Web

SEPTEMBER 13, 2013

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. From there, you typically get the thumbs up or down within a day or two. You then have a defined period to close, which is usually a month or so.

Asia 132

Asia Silicon Valley India Term Sheet 132

The Next Web

FEBRUARY 1, 2015

Hand-in-hand with the rise in seed funding… This story continues at The Next Web. Even considering the fact that EVCA’s data is not fully comprehensive, since many investments are not announced at all or are not made by EVCA’s members, it still illustrates my point. Entrepreneur Insider'

Term Sheet 60

Term Sheet North America Private Equity Seed Stage 60

This is going to be BIG.

NOVEMBER 16, 2011

While that post resulted in term sheets for Dennis and Naveen from VCs, the original intention was actually to get Yelp to invest in the company. This would result in a lot more web signups where people give Foursquare their social graph to leverage off the friend data to get results.

Term Sheet 108

Term Sheet API Search Technical Review 108

www.readwriteweb.com

DECEMBER 29, 2011

It's not just a best-of list, it's also a collection of posts that examine the fundamental issues that continue to shape the Web. We hope you enjoy reading them again and we look forward to bringing you more Web products and trends analysis in 2012. Tip 4: Really Understand Key Terms. Happy holidays from Team ReadWriteWeb!

Cap Table 47

Cap Table Term Sheet Liquidation Preference Technical Review 47

Scott Edward Walker

AUGUST 25, 2011

There is sometimes just too much at stake for entrepreneurs to be trying to play lawyer — whether it’s pulling forms off of the web or negotiating a term sheet when he has little deal experience); and, as noted above, there are unfortunately a lot of bad guys out there trying to take advantage of inexperienced entrepreneurs.

Technical Review 63

Technical Review Term Sheet Los Angeles Entrepreneur 63

Altgate

OCTOBER 8, 2009

The two most popular posts remain this one on term sheet negotiation and this one on venture debt , although this one on convertible debt is giving them a run for their money. Tips: $75 HOT All-Hands Team Meeting Board Management Tips For Startup CEOs Customer Support 2.0

Term Sheet 39

Term Sheet Technical Review Michigan Liquidation Preference 39

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! PITCH 2010 Finalists (Web Track) Pitch Live on November 4, 2010 @ 7pm. Web Track — Pitch 2010 Finalist — Apply in the Sky.

CTO Hire 49

CTO Hire Cofounder Fractional CTO San Francisco 49

Sophia Perl of Wisdom

NOVEMBER 9, 2010

Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! PITCH 2010 Finalists (Web Track) Pitch Live on November 4, 2010 @ 7pm. Web Track — Pitch 2010 Finalist — Apply in the Sky.

CTO Hire 40

CTO Hire Cofounder Fractional CTO San Francisco 40

View from Seed

MARCH 12, 2015

The web tends to be the best (and most obvious) source of research early in the process, e.g., when you’re deciding which VC firms to approach or trying to learn the basics about a firm prior to a first meeting. Just keep in mind that for any given firm there are hundreds of VC/startup interactions in a given year. Do Reference Calls.

Term Sheet 120

Term Sheet Cofounder SEC Portfolio 120

Agile VC

JANUARY 22, 2014

We signed a term sheet with Ben for Change Collective’s round shortly before the holidays and he did a great job bringing in our friends at Founder Collective as a co-lead and Eniac Ventures and a small set of angels in a short time.

Term Sheet 173

Term Sheet Cofounder Mobile Cloud 173

Both Sides of the Table

DECEMBER 14, 2010

They had received a term sheet from a VC and were wondering whether to work with this firm. But what about once you have a term sheet? Do a web search to find companies that they didn’t give you. I was recently speaking with some founders about their fund raising process.

Term Sheet 298

Term Sheet Venture Capital Stealth Cofounder 298

Both Sides of the Table

JANUARY 21, 2010

But as with consulting, PR, web design and even VC – it’s not just the firm it’s also the individual. He was the first guy that I saw demystify the legal terms in his term sheet series. I worked with Sam Angus at Fenwick & West. So it doesn’t have to be a small firm. And Brad Feld.

Southern California 318

Southern California Silicon Valley IP Stock Options 318

Both Sides of the Table

JUNE 28, 2011

We had to buy Oracle database licenses, UNIX servers, a Sun Solaris operating system, web servers, load balancers, EMC storage, disk mirrors for redundancy and had to commit to a year-long hosting agreement at places such as Exodus. Linux (instead of UNIX), Apache (web server software), MySQL (instead of Oracle) and PHP.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Steve Blank

JANUARY 4, 2010

Staring at us in the board meeting were three term-sheets from brand name VC’s and an unexpected buy-out offer from Google. The Web and Startups. Herein lies the confusion; not every business on the web can scale big. In fact, Google’s offer for $15 Million was equal to the highest valuation from the venture firms.

Hockey Stick 276

Hockey Stick Venture Capital Startup Cofounder 276

The Next Web

JUNE 27, 2012

The term sheet was ready, all they had to do was sign. Their decision not to sign the term sheet with the VC, however, is an interesting one, although you can already guess why it was made. Except they ultimately decided not to.

Term Sheet 115

Term Sheet Angel Investor Software Internet 115

ReadWriteStart

NOVEMBER 1, 2010

What would the ideal web technology start-up team be composed of? Are there examples of good start up term sheets? What interview questions would you ask a prospective User Experience design leader for a Web 2.0 What interview questions would you ask a prospective User Experience design leader for a Web 2.0

Angel Investor 145

Angel Investor Term Sheet Startup Curation 145

K9 Ventures

APRIL 27, 2011

Their business model was to provide retailers with a new interface for shopping for soft goods — something that hasn’t changed a whole lot since Web 1.0. The day before we were supposed to sign the term sheet for the investment, Like.com sued Ugmode (the parent company of Modista.com) for patent infringement.

Software Review 134

Software Review Technical Review IP Finance 134

Both Sides of the Table

APRIL 17, 2012

He was one of the first guys that I know who laid out his stall and said I want to do “big data” investments that take advantage of the explosion of data now available on the web. True Ventures – When I was raising capital for my second company back in 2006 I had talked to many brand-name VCs and had several term sheets.

Community 304

Community Los Angeles Startup Silicon Valley 304

Altgate

JANUARY 5, 2009

Tips: $75 Killver VC Pitch Deck Not much to learn here.

Technical Review 28

Technical Review Due Diligence Term Sheet Liquidation Preference 28

BeyondVC

MARCH 8, 2017

The initial Pivotal Cloud Foundry sales pitch was that it gave big companies a way to build new applications that run in a public cloud (rented space on Amazon (AMZN, +0.47%) Web Services, Google (GOOG, +0.34%) Cloud Platform or Microsoft (MSFT, +0.62%) Azure) or private cloud (flexible infrastructure that runs in a company’s own data center.

Azure 60

Azure Green Cloud Term Sheet 60

Both Sides of the Table

FEBRUARY 8, 2010

But what about once you have a term sheet? Do a web search to find companies that they didn’t give you. As in real life – those that rush into marriage often find out what their partner is really like after the fact. I wrote a post linked as follows about how to build relationships with VCs over time.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

Feld Thoughts

DECEMBER 29, 2011

Regardless, the info on Form D is out there on the web. It’ll get picked up in the daily VC publications, like Term Sheet and VentureWire. There are other ways to get it as well since there are plenty of services that republish Edgar data with a better UI for searching.

Finance 133

Finance SEC Term Sheet Acquisition 133

Steve Blank

APRIL 9, 2009

We will accomplish this through demand-creation activities (advertising, PR, tradeshows, seminars, web sites, etc.), competitive analyses, channel and customer collateral (white papers, data sheets, product reviews), customer surveys, and market requirements documents.

Silicon Valley 259

Silicon Valley Technical Review RSS PR 259

Hunter Walker

MAY 7, 2014

Their ultimate goal was a native mobile app but they’d built a proof of concept on web (with some light mobile web responsiveness). There was no one waiting to sign on as soon as the term sheet was signed. A few months back I was talking with a small company raising their seed round.

Hiring 108

Hiring Option Pool Early Stage Term Sheet 108

VC Cafe

MARCH 7, 2010

The Mobile application allows users to choose among several optional timeslots, and decide whether they wish to arrange a face-to-face meeting, phone call, audio conference, textual chat, web conference or video conference. billion in the US to create new jobs – what is the impact on the venture capital industry?

Term Sheet 84

Term Sheet Venture Capital Mobile Cloud 84

www.xconomy.com

JUNE 9, 2012

Instead of scrutinizing gigabytes of information about a prospective deal, Coats says Correlation gets the information it needs from five documents—the business plan or power point presentation, term sheet, historical financial, capitalization table, and pertinent legal documents. “We Xconomy on Demand. Did you miss something?

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

SoCal CTO

JULY 13, 2010

How-to learn about angel/vc term sheets - Gabriel Weinberg , June 28, 2010 I think every startup entrepreneur (and angel investor) should have a good understanding of financing term sheets. had two occasions recently to review products which had clear market leadership. Yes, even bootstrappers. liquidation preference.

Cofounder 175

Cofounder Technical Cofounder Term Sheet Startup 175

The Next Web

FEBRUARY 27, 2014

So, collect a few term sheets from multiple investors, and compare and contrast valuations and other terms, and play them off each other to get the best deal. At the end of the day, the investor will have a very good sense to what a business is worth, and what they are willing to pay for it.

Valuation 167

Valuation Forecast Seed Stage .Net 167

Genuine VC

MARCH 25, 2010

He lamented that if the meetings with this venture firm soon led to a term sheet, he’ll be faced with a tough problem of a binary decision – take whatever they offer him (which was likely too much money for what the company needs now at not a great price) or risk losing any funding options.

Early Stage 123

Early Stage Venture Capital Term Sheet Conversion 123

Genuine VC

MARCH 25, 2010

He lamented that if the meetings with this venture firm soon led to a term sheet, he’ll be faced with a tough problem of a binary decision – take whatever they offer him (which was likely too much money for what the company needs now at not a great price) or risk losing any funding options.

Early Stage 121

Early Stage Venture Capital Term Sheet Conversion 121