David Teten

SEPTEMBER 23, 2017

Even for later-stage companies with predictable financials, the lack of liquidity, audited financials, and standardized metrics creates real challenges to scaling quantitative investing. Later stage investors are using private company marketplace services focused on more established companies, listed below under “Exit Investments”.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

DECEMBER 3, 2019

Tim Friedman, Founder, PE Stack , said, “If I could offer one piece of advice to today’s managers, it would be to take the time to understand the demands of the modern institutional LP. Data companies focused on early-stage startups include Aingel , fundsUP , Preseries , PredictLeads , and Sploda. 3) Raise capital. 11) Exit .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Feld Thoughts

SEPTEMBER 27, 2011

Usually we see 2-3x, but in later stage companies, this multiple can be even higher. With later stage companies, the investors usually structure the convertible notes to have the most flexibility. Typical language follows. Some sort of conversion does occur.

Conversion 97

Conversion Sales Later Stage Preferred Stock 97

This is going to be BIG.

MARCH 1, 2013

These changes would lead me to believe that simply aggregating supply and demand isn't enough of a function for angel groups to survive. You should be active fund investors as well as angels--building up relationships with venture capitalists to both source deals, find co-investors, and pave the way for later stage investments.

Angel Groups 135

Angel Groups Angel Investor Aggregator New York 135

K9 Ventures

OCTOBER 10, 2017

Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. It’s a legitimate stage of financing in the venture eco-system as of this writing (October 2017). That post was written with later stage companies in mind, but I’m now starting to see the same issues crop up in companies at earlier stages as well.

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

abovethecrowd.com

APRIL 20, 2016

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Some later-stage investors may be tempted to become Sharks themselves and start including structured terms into their own term sheets.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Hippoland

MARCH 5, 2017

In other words, say you’re looking to close $500k, you will need enough serious investors such that should they all invest, they would invest approximately $1m in aggregate. Valuations are the result of supply and demand — not based on your progress / revenue. Next, you need to create strong urgency with this group of people.

Term Sheet 48

Term Sheet Valuation Later Stage Aggregator 48