VC Cafe

MARCH 1, 2024

I’ve recently come across several of such lists and I thought it could be useful to aggregate them and share them here. Personal Finance Cross-account visibility and management – Today’s AI products can analyze and move money between accounts – as agents improve, they will make trades across accounts.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Steve Blank

SEPTEMBER 14, 2009

3) invest in and take equity stakes in exchange for capital. We could for example, find warning signs in popular literature about e.g. finance suggesting rapid maturation in bond trading. A serious study here: [link] concluded that younger people being more creative is a highly predictable at the aggregate level. Warning sign?

Silicon Valley 237

Silicon Valley IPO Technical Review Venture Capital 237

View from Seed

MARCH 24, 2021

So, we decided to aggregate NextView’s “greatest hits.” Finance is about reporting on historical performance and future planning through the lens of financial metrics.” Thinking too early about opportunity scale artificially limits the types of problems a founder may consider working on.”

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

Steve Blank

APRIL 14, 2013

And they were increasing at an aggregate 33 million IOS and Android activations per month. Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company.

China 220

China Silicon Valley Non-Compete Intellectual Property 220

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . In the private equity universe, most Partners have primary training as deal-makers, not as managers. (To see the video above, please click the image, and then click on the Play button.).

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

JULY 14, 2014

What that means is that a traditional 80% / 20% equity bond portfolio is set to lose a lot more money in a crisis than most investors are comfortable with. Katina Stefanova : The government is looking for effective ways to increase transparency in the aggregate risk of the system and hold investment managers accountable.

Management 114

Management Portfolio Institutional Investors Government 114

Cracking the Code

MARCH 12, 2010

While the group sentiment for 2010 did not improve significantly vs. November 2009, the projections for 2011 are now a lot more optimistic - 42% higher 2011 aggregated EBITDA announced in March 2010 vs. the November 09! Finance Dissertation Help. Finance Dissertation Proposal. Yahoo Finance. I was looking for such post.I

Software Review 63

Software Review Technical Review Cloud Europe 63

VC Adventure

AUGUST 15, 2018

Most boards did some level of work to determine the FMV of a company’s stock but generally options were priced between 10% and 15% of a company’s then preferred price (because common equity sits behind preferred equity there is typically a discount applied to the FMV of common stock to account for this “overhang”).

Valuation 48

Valuation Common Stock Cap Table Software Review 48

VC Adventure

MAY 10, 2020

After its enactment but before it was implemented, there were questions about the SBA’s “affiliation rules” which can disqualify companies if the aggregated number of employees at affiliate companies is greater than 500.

SBA 77

SBA Affiliate Los Angeles Cap Table 77

VC Cafe

NOVEMBER 28, 2010

I sraeli Private Equity is experiencing some serious growth, according to the IVC- GKH Quarterly Private Equity (PE) Survey conducted by IVC Research Center. Private Equity is relatively less developed than VC in Israel but with deep pockets. Aggregate PE Deal Value by Size (%).

Private Equity 100

Private Equity Israel Equity Mezzanine 100

VC Cafe

NOVEMBER 3, 2010

Euromoney magazine, a leading international banking, finance and capital markets news publication, named Bank of Israel Governor Stanley Fischer the world’s best bank governor for 2010 for his leadership of Israel’s economy in the wake of the global financial crisis. Wireless communications chip developer Qualcomm Inc.

Israel 79

Israel Bandwidth Framework Forecast 79

VC Cafe

MAY 4, 2011

IVC Research Center has released the Quarterly Survey of Israeli Private Equity Deals for Q1 2011. Eleven private equity deals in Q1 2011, amounted at $216 million, a 68% decrease from the $668 million in Q1 last year, and a 74% decline from the previous quarter ($826 million). Figure 1: Private Equity Deal Value by Quarter ($M).

Private Equity 99

Private Equity Israel Equity Mezzanine 99

Austin Startup

JULY 6, 2018

The below outlines how I would approach the decision: Cash and Equity. Very simply, what are you giving and what are you getting in return in terms of cash and equity for joining the program? Some accelerators will require you to “make room” for them in future financings up to a certain amount.

Dilution 48

Dilution Startup Technical Review Equity 48

Agile VC

NOVEMBER 6, 2013

So their revenue figures, pre IPO financing and ownership, and other info is all widely available. Well it’s not clear that media businesses, in aggregate, are inherently more valuable than e-commerce or premium services companies in aggregate [see Note 1 below regarding categorization]. From Google Finance.

IPO 194

IPO Aggregator B2B Internet 194

Professor VC

NOVEMBER 14, 2011

Angel investments are highly risky and I would estimate that over 90% provide no return to equity investors. My skeptical side assumes that the intermediaries are the only ones that will make money in aggregate on these deals. in fees is a hefty transaction fee considering company will still have legal and other fees on the financing.

SEC 54

SEC San Jose Angel Investor Accredited Investor 54

www.chubbybrain.com

SEPTEMBER 28, 2011

Between the worse data aggregation method and the much higher amount of work Wesabe made you do, it was far easier to have a good experience on Mint , and that good experience came far more quickly. So, the best way of dealing with this issue is to take a long, long vesting period for all major sweat equity founders. Cancel reply [.].

Software Review 79

Software Review Startup Technical Review Vesting 79

David Teten

FEBRUARY 7, 2012

Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. Our finance team acts as an outsourced CFO. Before making the decision to join ff Venture Capital , I did some research on early-stage tech investing as an asset class and how it’s evolving.

Early Stage 148

Early Stage Private Equity Portfolio Aggregator 148

Feld Thoughts

SEPTEMBER 27, 2011

In today’s installment of our convertible debt series, we cover a specific case where the company is acquired before the debt converts into equity. They either get a multiple payout on the debt, or get the equity upside based on the previous preferred round price. There are a few different scenarios. Typical language follows.

Conversion 97

Conversion Sales Later Stage Preferred Stock 97

David Teten

JUNE 13, 2012

I spent a lot of time researching search strategies for sales of all kinds when I was writing The Virtual Handshake and worked on my research study on how private equity and VC funds find great companies. As a result, I was able to adopt an effective process-driven approach to finding my spouse.

New York 138

New York Private Equity Aggregator Matching 138

Startup Company Lawyer

JANUARY 9, 2011

Convertible debt with a price cap seems to be the preferred structure for early-stage financings. Over the last 12 months, I’ve noticed a trend where early-stage startup companies raise seed financings of between $250K and $1M using a convertible note with a price cap. Is a priced Series A financing a valid alternative?

Liquidation Preference 57

Liquidation Preference Finance Preferred Stock Common Stock 57

Professor VC

JANUARY 17, 2008

While currently free to angel groups, their business model revolves around aggregating the angel investment data. If my math is correct, this is approximately a 31% IRR, which has to beat individual angel investments on aggregate and venture capital returns over the period of the study (1990-2007). return on investment after 3.5

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. By the first quarter of 2016, the late-stage financing market had changed materially.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

Hippoland

JANUARY 4, 2017

Equity Traditionally, investors have invested in companies to receive equity, or shares in a company. The concept of equity rounds (also called priced rounds) is very straightforward. And as you raise money at later stages, you will most likely be raising equity rounds. The results are binary.

Convertible Security 48

Convertible Security Equity Security Silicon Valley 48

The Equity Kicker

MAY 15, 2012

Every morning I exhaustively read two feeds I have created on Taptu and the Financial Times mobile app on my Android – a reading habit developed to reliably complete two tasks – staying on top of the news (politics and finance news from the FT, tech news from my tech news feed on Taptu which aggregates The Kernel, Techcrunch, Venturebeat, GigaOM, and (..)

Viral 108

Viral Framework Aggregator Retention 108

Agile VC

NOVEMBER 13, 2012

The IPO market remained closed to IT startups, but there were big acquisitions like Google buying YouTube for $1.65B (Fall 2006) and late stage financing rounds for companies like Facebook (Microsoft round at $15B valuation in Fall 2007). Kevin Rose was on the cover of BusinessWeek. So at a fund level (e.g.

LP 154

LP Portfolio Venture Capital IRR 154

K9 Ventures

MAY 14, 2011

The incubators invest usually for an equity stake and buy equity at a extremely low valuation (for example, 7% for $15,000, which implies a pre-money valuation of less than $200,000). <$50K in aggregate. The Series A is now the third round of financing for a company, but the nomenclature hasn’t been changed.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Accredited Investor 125

K9 Ventures

OCTOBER 10, 2017

This post is intended to be a dynamic document, and I will attempt to update it from time to time with new questions that may arise or as financing trends evolve. Q: What amount of financing is considered Pre-Seed? Typically, Pre-Seed rounds are less than $1M in aggregate capital raised. Q: Define Pre-Seed?

Seed Stage 82

Seed Stage Finance Later Stage Equity 82

Scott Edward Walker

JUNE 9, 2019

Over the past few weeks, two of my clients have received financing term sheets in which the investors requested super pro rata rights. Simply put, pro rata rights permit the investor to maintain its percentage ownership in subsequent financing rounds. Introduction. Pro Rata Rights.

Preferred Stock 56

Preferred Stock Term Sheet Dilution Stock 56

ithacaVC

FEBRUARY 23, 2011

The MCOP can serve a critical role as founders and other management team members are diluted down by rounds of financing or if their equity is not in the money. As the investors’ aggregate liquidation preference (ALP) increases typically the need for a MCOP also increases. A few key points to consider: 1.

Liquidation Preference 55

Liquidation Preference Management Preferred Stock Dividend 55

Scott Edward Walker

APRIL 16, 2014

Big companies and private equity firms will sometimes execute an LOI with the seller in order to create, in effect, an “option” to buy. Indeed, this is customary in public deals and large private deals if the buyer is unable to obtain financing and can be as high as 10% of the purchase price. 1-2% of the purchase price).

Non-disclosure Agreement 101

Non-disclosure Agreement Acquisition New York City Non-Compete 101

David Teten

NOVEMBER 15, 2013

The average equity fund investor earned a market return of only 4.25%. In aggregate, angels are significant investors. We are extremely fortunate to finance the growth side of the creative destruction we are witnessing all around us. This is a key reason why the average retail investor consistently earns below-average returns.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Hearpreneur

AUGUST 2, 2016

They may know what making a donation or buying a product on Kickstarter is but they don’t understand crowdfunding as we in the industry view it, which is financing a startup or a company and actually owning a piece of it. What does the future of equity crowdfunding look like? How can they invest in your startup?

Accredited Investor 48

Accredited Investor Non-Compete Vertical Acquisition 48

Occam's Razor

JANUARY 7, 2019

My professional areas of interest cover Customer Service, User Experience and Finance, though here on Occam’s Razor my focus is on influencing incredible Marketing through the use of innovative Analytics. Each chosen obsession is very much in the spirit of my beloved principle of the aggregation of marginal gains.

Analytics 89

Analytics Marketing Algorithm Campaign 89

Startup Company Lawyer

FEBRUARY 21, 2010

Due to aggregate liquidation preferences that may exceed the acquisition price in an M&A deal, common stock may be rendered worthless. This was particularly common from 2001 to 2003, after the dot-com crash when companies had raised a large amount of venture financing at high valuations. Vesting.

Retention 31

Retention Liquidation Preference Employee Common Stock 31

www.vccafe.com

MARCH 11, 2013

easy business finance software. YCombinator Series AA Equity Financing Documents. Founder Equity Issues. Venture Hacks equity section. Legal, Equity, etc. Startup Threads. Videos/presentations. SlideShare. Haiku Deck. GoAnimate *. Customer service. Get Satisfaction. Event platforms. Eventbrite. Women Focus.

Software Review 53

Software Review Technical Review Israel Startup 53

Both Sides of the Table

JUNE 29, 2011

I believe some VCs have entered the early-stage market as simply an option on future financing rounds. As some of the last generation of startups have gotten bigger many VCs have also chased later-stage investments that were traditionally dominated by growth equity or mezzanine funds. But obviously I’m biased.

Venture Capital 296

Venture Capital Software LP Early Stage 296

techcrunch.com

FEBRUARY 19, 2010

Tweet View Comments Sarah Lacy Feb 19, 2010 Pepperdine has a new study out that attempts to shed some light on the clubby, shadowy world of private finance. Researchers polled experts in lending, mezzanine capital, private equity, venture capital and private businesses themselves. A few more stats make that picture look worse.

Venture Capital 62

Venture Capital Technical Review Sweat Equity Valuation 62