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Here are a few tips for ending up with the best long-term partner as an investor. Look for VC portfolios that have a lot of “like” companies (B2B, B2C, media, tech, etc.). And this is true of any negotiation, not just a termsheet. This is probably the most important piece of advice I can offer.
Around this time B2C eCommerce had been dominating the media but the wheels were starting to come off. We had 6 termsheets in no time. We had scrambled to get a product to market, built our first website, rapidly hired a technology team, raised our seed round of capital ($1.5 million … yes that was seed in 1999!)
You’re facing two termsheets and have boiled them down to the most relevant facts, listed below. Vision for B2C, virality-driven community. The financials immediately jump out when we talk about termsheets: what’s the valuation? Which do you choose? 1.25mm total. Requires team relocation.
You’re facing two termsheets and have boiled them down to the most relevant facts, listed below. Vision for B2C, virality-driven community. The financials immediately jump out when we talk about termsheets: what’s the valuation? Which do you choose? 1.25mm total. Requires team relocation.
The majority of funds are using the popular B2C websites and services for basic due diligence, e.g., Linkedin, Twitter, HackerNews. Atlassian open-sourced their M&A termsheet , a very aggressive move which helps smooth the M&A process, by reducing the number of degrees of freedom in a negotiation.
Our fund recently gave a termsheet to a company in what I would call the technology enabled B2C retail space. But perhaps the biggest reward is when using a connection results in something very unexpected. Here is an example (and I am keeping names fictitious as this deal is not done yet).
& Raising Capital Pitch Perfect 4 ways to get automatically rejected by an angel investor Raising Money Using Customer Development Due Diligence Checklist TermSheet Archives (from Brad [.] Would you modify any of this if you had a B2B product instead of a B2C product, where every potential customer is also a potential competitor?
No-brainer for B2B companies but also for B2C companies (making special advertising deals for example) Reply steveblank , on June 8, 2011 at 9:05 am said: Martin, Any suggestions? I think actually actively selling your stuff is very important for a startup these days.
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