Remove Aggregator Remove Conversion Remove Lead Investor
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Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

If you track the venture capital industry it would be hard to miss the conversation going on this week over AngelList “Syndicates.” It’s hard to be a great lead investor . VCs take their time precisely for the reason Fred articulates – they play the role of “lead investor.”

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WHAT ARE SUPER PRO RATA RIGHTS?

Scott Edward Walker

Pro rata rights are relatively standard and non-controversial; however, founders should try to limit such rights solely to “Major Investors” (which is typically defined to include only those investors that will own a substantial number of shares – e.g., a lead investor).

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A primer on convertible notes, convertible securities, and equity

Hippoland

Lawyers can charge as much as $10k-$30k (in the US) to draft and execute the legal docs for an equity round, and traditionally, founders are responsible for paying for this as well as investors’ legal costs! So, in the aggregate, it is possible that you may be required to pay as much as $30k-$50k to get an equity round done.

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Out of the Crisis #7, Brian Chesky Part 1: running Airbnb in crisis mode, being multi-stakeholder, and re-founding the company

Startup Lessons Learned

In the first part of our conversation, we talk about the chronology of what has happened to Airbnb, the impacts the pandemic has had on their business and the emergency measures the company was required to take. You can listen to our conversation on Apple podcasts , Google podcasts , or wherever you like to download. I am Eric Ries.

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Travel Tech Company Stay22 Raises $750K As Event Travel Industry Calls for Change

ReadWriteStart

The company’s growth is largely thanks to its collaborators – Travelport, its first investor and incubator, lead investor 7 Gate Ventures, and Real Venture. It achieved a conversion rate of up to 4.48%, approximately twice as high as the next leading online travel agency (2.4%).

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