David Teten

JANUARY 19, 2021

Part of the magic of revenue-based financing is how historical performance and strong, achievable financial projections are ultimately the backbone of how RBI/RBF investment decisions are made.” Womble Bond Dickinson has released a white paper on Performance Aligned Stock and a term sheet on ImpactTerms.org. . (If Venture Debt.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Mucker Lab

AUGUST 27, 2014

Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. The best entrepreneurs have been coached to run a tight process, to shop their term sheets to a myriad of VCs, all of whom have great reputations and large networks.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

ReadWriteStart

JUNE 1, 2020

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. For these businesses, it is imperative to get funding from the start without which the company cannot be set up. Stages of Equity-based funding. ?

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Reid Hoffman

JULY 27, 2021

What business schools can provide is an opportunity to learn a set of skills that can be helpful on the entrepreneurial journey. MBA programs teach valuable analytical skills that can help you evaluate and refine strategies and business models. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

What business schools can provide is an opportunity to learn a set of skills that can be helpful on the entrepreneurial journey. MBA programs teach valuable analytical skills that can help you evaluate and refine strategies and business models. In particular, Bill Sahlman’s Entrepreneurial Finance course was excellent.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. Unlike many RBI investors, a full 50% of our investment activity is in non-tech businesses.

Revenue 60

Revenue Technical Review Software Review Equity 60

Startup Lessons Learned

MAY 31, 2019

Having been through the company-building process myself and after a decade in VC working with thousands of companies and negotiating hundreds of term sheets, I wrote this book to help demystify the process. It doesn’t make your business idea a bad one if you conclude that VC isn’t right for you. No need to name names.

Lean 108

Lean Venture Capital Conversion IPO 108

Up and Running

MAY 18, 2016

You’ll learn more about what destroys startups, how to use the Customer Development method to succeed, how to use the Business Model Canvas, how to identify and keep your customers, and how to drive profits. Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. B y John Mullins.

Startup 80

Startup Venture Capital Angel Investor Lean 80

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. In August/September 2009, the founders and I agreed to work together to raise a round of financing for the company. Modista had built Shopping 2.0.

Software Review 134

Software Review Technical Review IP Finance 134

reidhoffman.org

NOVEMBER 12, 2013

You may happen to emphasize the right points that pique an investor’s interest, but you shouldn’t leave your financing up to chance. Second, understand the broader financing climate. The general rule is one business model drives the business. As it happened, we did end up pursuing all three lines of business.

Entrepreneur 111

Entrepreneur Viral Revenue Networking 111

The Next Web

AUGUST 26, 2012

Make sure you check and understand the term sheet and overall deal. The terms should allow you to drive in order to arrive at the first destination safely. One person cannot be the best lawyer, product developer, finance person, user experience designer, visual designer, business developer and sales person all at once.

Bankruptcy 121

Bankruptcy Technical Review Intellectual Property Due Diligence 121

Steve Blank

NOVEMBER 5, 2009

Unfortunately in early stage startups the drive for financing hijacks the corporate DNA and becomes the raison d’etre of the company. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Is there a profitable business model? How many are there?

Customer Development 270

Customer Development Developer Customer Silicon Valley 270

Professor VC

APRIL 1, 2010

One comment made by Jason was that angels tend to be less sensitive than VCs on valuation and can potentially make it difficult to get a venture financing done at acceptable valuation. A related topic is the standardization of terms. A good comparison of the various "standard" term sheets can be found at Start-up Company Lawyer.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

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. They used Customer and Agile development to search for a scalable and repeatable business model to become a large company. They grow their business via profits or traditional bank financing.

Hockey Stick 302

Hockey Stick Venture Capital Startup Cofounder 302

Scott Edward Walker

FEBRUARY 9, 2020

In other words, the business model for financial buyers is to buy a business and then sell it (or take it public) within a relatively short period of time. Every aspect of the M&A transaction flows from this. This is one of the unusual structures with a financial buyer.

Private Equity 59

Private Equity New York City Equity Deal Structure 59

Professor VC

APRIL 7, 2011

This will also serve as a good pointer for all the entrepreneurs who ask why I am not interested in their company led convertible note financing round. This can make it much more difficult to get any bank financing, new investment, and trade credit. In cases where it is truly a bridge financing (i.e. Steve Bennet. at 1:33 PM.

San Jose 36

San Jose Technical Review Angel Investor Valuation 36

Up and Running

JULY 26, 2013

A: Just focus on the market need, your business model, your team, what you’ve accomplished to date that is relevant to the investment, and your funding needs. Most sophisticated investors will already have terms they typically prefer in a deal, but they should be open to discussion. Did we miss your question?

Elevator Pitch 79

Elevator Pitch Angel Investor Term Sheet Business Model 79

David Teten

DECEMBER 3, 2019

Technographics vendors such as Builtwith , Datanyze , HG Data , Stackshare, and Stacklist help CEOs identify the right tech platform on which to build their business; they’re also helpful for investors to due diligence a company’s tech stack choices. Similarly, Corsis uses benchmarking data to understand technology spend patterns.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Professor VC

JUNE 20, 2011

Financing, that is.I Now that iControl has raised over $100M, this got me thinking back to our original business plan. One truth of start-up financing is that it generally takes twice as long and twice as much money to accomplish your milestones. I took a look back at our original financial model we presented to VCs in 2004.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

Pascal's View

NOVEMBER 15, 2011

Dan Primack posted an article in Term Sheet last week titled Yelp This: IPO Market Is Killing It. ’ While I commented again on Dan’s article on Term Sheet , below is a more extensive response with additional facts: To be very clear, the central issues behind the systemic dysfunction in the U.S.

IPO 31

IPO Term Sheet Marketing United States 31

Both Sides of the Table

FEBRUARY 14, 2016

When I was an entrepreneur there was no public information about how term sheets worked or how investors thought. Why Financing in Falling Markets is So Damn Difficult. For any future potential gain in more rational prices we have a lot more short-term pain helping our portfolio companies through the tough market.

Valuation 150

Valuation Down Round Startup Later Stage 150

Steve Blank

FEBRUARY 26, 2020

Btw, the definition of each startup financing stage has changed in the last decade. For a Series A round you want to prove you have built a repeatable and scalable sales/revenue model and understand all parts of the business model. Series B is about proving your net revenue model (can you be profitable?).

Cofounder 433

Cofounder Seed Stage Valuation Metrics 433

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. Distributed version control model – first in the industry like ours and we are filing patents. Page 4: Business Model.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Professor VC

FEBRUARY 12, 2015

investment bankers, while the dot com bubble was driven by investment bankers willing and able to convince institutional and retail investors that companies didn''t need to have a business model or even a way to exist without relying on additional investment. No, the question today is not whether these unicorns are viable businesses.

Las Vegas 28

Las Vegas IPO Pre-Money Valuation Valuation 28

This is going to be BIG.

JANUARY 22, 2018

It's difficult to assess whether the reason why a black female isn't getting funded is because of a problem with her business model or whether it's because she isn't getting taken seriously because of who she is. I offered a term sheet to lead a $1.6mm financing.

Founder 118

Founder Conversion Naming Term Sheet 118

Professor VC

JANUARY 20, 2009

The latest statistics from VentureSource show 554 financings in Q4, down from 620 in Q3 and 718 in Q4 2007. Of course, the most important funding statistic to an entrepreneur relates to one specific company, and whether there is sufficient capital available to build and scale his business. Total amount raised fell from $7.5 We drew $1.5

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

www.vccafe.com

MARCH 11, 2013

easy business finance software. YCombinator Series AA Equity Financing Documents. model legal documents. TechStars Model Seed Funding Documents â?? WSGR Term Sheet Generator. Orrick, Herrington Term Sheet Generator. Founders Institute Plain Preferred Term Sheet â?? SlideShare.

Software Review 53

Software Review Technical Review Israel Startup 53

www.xconomy.com

JUNE 9, 2012

Here’s some big news for San Diego’s innovation economy: There’s a new venture capital firm in town—and its investment methodology represents a fundamentally different approach to the conventional business model for venture investing. venture investments since 1987.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Life Beyond Code

SEPTEMBER 27, 2011

Through this journey, we have raised the visibility of fundamental issues like the causes of exorbitantly high infant entrepreneur mortality, and alerted the entrepreneur community with a simple observation: Entrepreneurship = (Customer + Revenue + Profits); Financing is Optional. The rest of the services are for paying members only.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

steveblank.com

JULY 8, 2011

– Mike [link] Reply Jeff Skinner , on May 24, 2010 at 9:28 am said: Steve, you don’t know me though I use your ‘Customer Development process’ video in my classes (Entrepreneurship at London Business School). Jeff skinner Faculty, London Business School. Can we touch base on this.

Software Review 110

Software Review Startup Silicon Valley Analytics 110