ithacaVC

DECEMBER 9, 2013

Also, during the process, we had to clean up the company’s cap table and make sure that we all agreed on who owned what on a pro forma pre-money basis. Without having a complete pre-money cap table, it is impossible to calculate a share price. And they were typically good answers.

Term Sheet 58

Term Sheet Cap Table Technical Review IP 58

Hunter Walker

FEBRUARY 20, 2025

The other super power should be in service of the founders you back. Pick something that is matched against the stage and markets you partner is investing in and just become the go-to person for the founders. Maybe you are just excellent at sourcing new grad engineering hires from your old school. Or running data analysis projects.

Venture Capital 100

Venture Capital Cap Table Founder Cofounder 100

This is going to be BIG.

JANUARY 18, 2024

Some of these folks are founders and CEOs, but not at high-growth tech startups. Helpful investors should use their sage advice and support of the founder to make them into better, data-driven decision makers to impact a company, instead of relying on their contractually held voting rights. Perhaps they inherited it.

.Net 88

.Net Cap Table Startup Technical Review 88

Hunter Walker

AUGUST 23, 2023

Our participation in Anchor ( later acquired by Spotify ) generated both a return and a friendship between us and the founders. I can vouch for his genuine optimism Hunter Walk: You got to work with a number of different VCs on your cap table for Anchor. Who was the best one and why was it Homebrew? Was I right?

Founder 115

Founder Angel Investor Cap Table Distribution 115

Steve Blank

APRIL 8, 2010

He and his co-founder were both PhD’s in applied math who believe they can make some serious inroads on next generation search. Then they had a five-year P&L statement, balance sheet, cash flow and cap table. asked the founder who had spent the time crafting the perfect plan. “On It’s dynamic. “So

Business Model 332

Business Model Business Plan Customer Cap Table 332

Both Sides of the Table

SEPTEMBER 12, 2013

He had made some structural mistakes in NextMedium that meant the Cap Table and leadership team was a bit wacky. He reached out to younger founders and offered to help via his network at AT&T, Google, media agencies … you name it. Relationships. So what gives? Mark, why wouldn’t you fund him? I stayed close.

Partner 340

Partner Los Angeles South Africa Cap Table 340

techcrunch.com

APRIL 26, 2013

That way, startups only have one entity in the cap table, which simplifies documentation and structure. Co-founder Naval Ravikant explains that 18 pilot companies in the program, including Transcriptic, Double Robotics and Tred, received $6.7 Investors included Founders Fund, 500 Startups and Marc Cuban.

SEC 61

SEC Accredited Investor San Diego New York City 61

David Teten

DECEMBER 3, 2019

To learn more about this space, I suggest join an online community I co-founded, PEVCTech. . 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. The 11 Steps of Investing in Private Companies.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

AUGUST 19, 2019

RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Decathlon Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

Version One Ventures

DECEMBER 3, 2019

We loved the founders, but didn’t have much conviction around the scalability of a browser plug-in and the fact that this was a bridge round. Ryan and his co-founders proved us wrong big time and built one of the largest social media management companies. We met Sonder’s founder Francis Davidson many times between 2014 and 2016.

Portfolio 201

Portfolio Cap Table Early Stage Valuation 201

Pascal's View

JULY 9, 2017

Andrew Krowne and I recently co-wrote an article in Tech Crunch , Why SAFE Notes Are Not Safe for Entrepreneurs. The most serious unintended consequence occurs from “note waterfalls”— converting multiple notes that have multiple valuation caps. Many entrepreneurs lose track of what they have been cooking up in the cap table.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Feld Thoughts

AUGUST 26, 2011

When we were last with our SayAhh cofounders, they had implemented an accounting system and Jane had contributed $50,000 for a 55/45% equity split. The investments by the founders created two transactions. Next week we will introduce the Cap Table, and show how it changes when adding a co-founder.

Balance Sheet 129

Balance Sheet Cofounder Cap Table Delaware 129

View from Seed

MAY 29, 2019

These funds would regularly share deal flow with one another and could share the work in supporting founders and helping to push the company forward. This post will try to describe why this is happening and what repercussions are for founders and investors. Is This is Good or Bad for Founders?

Syndication 267

Syndication Syndicate Cofounder Cap Table 267

Hunter Walker

OCTOBER 31, 2021

Fund people/ideas ahead of consensus — that is, find founders and markets that aren’t currently being chased by the mainstream and get to conviction ahead of the pack. If you can be more valuable than that, I’d love to bring you on to the cap table of the next seed round we lead. Lead/Co-Lead Checks of $750k+ for 8+% ownership.

Cap Table 150

Cap Table Cofounder Early Stage Portfolio 150

Startup Lessons Learned

JULY 11, 2019

She’s also a founding member of All Raise, a non-profit committed to improving diversity in both funders and founders. What I was interested in seeing was that a lot of these founders believe that they’re not just creating technology, they're creating change and culture. Let’s move to Floodgate now.

Founder 68

Founder Lean Venture Capital Cofounder 68

David Teten

SEPTEMBER 23, 2017

We make a point of keeping our records updated in the major data-trackers tracking the VC industry, e.g., CB Insights , Crunchbase , Dow Jones , Mattermark , Palico , Preqin , Pitchbook , and ThomsonReuters , since they are a source of data to LPs and to potential co-investors interested in us. . Pitchbot.vc 3) Originate investments.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Version One Ventures

MAY 22, 2018

Some of the best later-stage investors walk founders through an institutionalized “reverse” pitch. How do you decide who you should have in your cap table? At Version One, we effectively act as a hotline: we strive to be the first investor that our founders call and often times, it is because we are the most responsive.

Cap Table 60

Cap Table Cofounder Syndicate Syndication 60

The Next Web

OCTOBER 21, 2013

Neil Rimer is a Partner and co-founder of Index Ventures. Yet, surprisingly, we continue to come across founders who have made significant mistakes in their early capital raises that we suspect go against their own instincts and jeopardize the foundations of the businesses they are building.

Cap Table 128

Cap Table Option Pool Angel Investor Entrepreneur 128

Feld Thoughts

JULY 15, 2014

The CEO and founder, Steve Olechowski , was co-founder / COO of FeedBurner, which Google acquired in 2007. 2) Keeping the number of entries on our cap table relatively small. We recently funded Blinkfire Analytics using our FG Angels Syndicate. 2) Ability to diversify their funds without a huge minimum ticket.

Syndicate 149

Syndicate Syndication Cap Table Due Diligence 149

David Teten

DECEMBER 12, 2017

In his white paper How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood , PEVCTECH.com founder David Teten explored how private equity and venture capital investors are trying to automate more of their job. I’d expect a similar shift in venture over the next decade or two.”.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Both Sides of the Table

FEBRUARY 22, 2011

I understand the appeal of having many VC firms on your cap table. You may feel as I did in 1999 that the more smart people around the table the more intros you’ll have, the more sage advice you’ll receive and the more impressive you’ll seem to outsiders. The Perils of Many. That’s a different story.

Dilution 314

Dilution Cap Table Due Diligence Option Pool 314

View from Seed

OCTOBER 11, 2022

At the seed stage and as companies scale, helping the founders I work with identify and reach their goals, personally and professionally, gives me energy and purpose. Together, we’ve co-invested and competed, commiserated and celebrated.

North America 156

North America San Francisco Cap Table Cofounder 156

Hunter Walker

NOVEMBER 21, 2018

One was the result of a cofounder breakup. When they’re at seed stage, we’re deferring to the founders’ decisions but also trying to help them understand the challenges associated with a hard pivot if their cap table isn’t supportive of the direction. As Jason wrote : .

Founder 111

Founder Cap Table Seed Stage Cofounder 111

NZ Entrepreneur

JULY 12, 2018

We often see single founders slogging it out on their own. Founders can be reluctant to give up equity and control of their idea to bring in a co-founder alongside them to share in the decision making, as well as the highs and lows. Do you really need a co-founder? In fact, the average start-up had 1.72

Cofounder 54

Cofounder Founder Vesting Cap Table 54

Hunter Walker

AUGUST 8, 2023

Obvious caveats to my POV here, most specifically: exposure is limited to largely the US/SiliconValley ecosystem, driven by our own portfolio, my friends and co-investors, the funds I’m a LP in, and our institutional LP relationships. Whatever gets reported is just the tip of the iceberg.

Portfolio 118

Portfolio Cap Table LP Valuation 118

venturehacks.com

FEBRUARY 24, 2010

SUPPORTED BY Products Archives @venturehacks Books AngelList About RSS How to pick a co-founder by Naval Ravikant on November 12th, 2009 Update : Also see our 40-minute interview on this topic. Picking a co-founder is your most important decision. One founder companies can work, against the odds (hello, Mark Zuckerberg).

Cofounder 101

Cofounder Founder Technical Cofounder Technical Review 101

NZ Entrepreneur

JUNE 21, 2022

Welcome to ‘500 Founders’ where we ask startup founders and innovators from around New Zealand, What is one piece of advice you would give to people working on their first startup and why? Thomas Clyma – Cofounder. Tina Chou – Founder. ” Dean Brown – Founder. TheTestMart.

Founder 104

Founder Cap Table Cofounder New Zealand 104

Hunter Walker

FEBRUARY 20, 2024

Founder Vesting [Jared Hecht/USV] – Jared joined USV earlier this year and it’ll be interesting to see how his writing changes as he adds ‘institutional VC’ to his founder and angel investor knowledge. Stretching things out to a six-year vest helps to prevent co-founder abandonment.

Founder Vesting 81

Founder Vesting Vesting Cap Table Founder 81

BeyondVC

NOVEMBER 17, 2016

We each independently fell in love with enterprise software 20+ years ago as seed investors (cos like gotomeeting/Citrix, greenplum/EMC, livperson/IPO LPSN) and founders (workmarket, onforce/Adecco, spinback/buddymedia/salesf0rce) and are now benefiting from the ecosystems, knowledge and network that weve collectively developed.

Cap Table 78

Cap Table Cofounder Dividend Institutional Investors 78

This is going to be BIG.

DECEMBER 3, 2020

The partner at the fund, the VC, gets to do the fun part—the meeting with founders, vetting deals, negotiating, helping, etc. Side Benefits Ideally, a small fund could get you the following, but you have to ask to make sure it’s available: Co-investing opportunities. So what’s the point? Access to the partner.

Portfolio 103

Portfolio Syndication Syndicate Deal Flow 103

Haystack

OCTOBER 2, 2019

Before we dive into this, let me say (1) I know a lot of people personally who run these accelerators and consider them friends (and darn good people); and (2) I know there will be a bunch of founders who will say “Hey, well, I met some great investors this way, so it can work.” Ultimately, the buck stops with the founder.

Deal Flow 106

Deal Flow Cap Table Early Stage Institutional Investors 106

Eric Friedman

JUNE 27, 2016

Big strategic advisors are the folks that add credibility to your co. from a 10 year old co. I have seen what I call “predatory advisors” come in and really mess up a cap table by promising big intros and sales contracts only to disappear after the first 6-12 months. How many companies do you advise today?

Equity 98

Equity Vesting Cap Table Common Stock 98

OnlyOnce

OCTOBER 28, 2021

My co-founders, I’ve worked with for an average of 15 years – we know and trust each other tremendously. And for the most part, the same is true about our cap table. No institutional debt like a messy cap table, legacy people issues, leases for offices we don’t want or need any more.

Cap Table 62

Cap Table Cofounder Early Stage Leadership 62

Hunter Walker

AUGUST 26, 2022

I had gone to high school with the founders in the Seattle area, and we had recently reconnected. My boss, Jen Grant , was an incredible manager, and Aaron Levie, the co-founder and CEO, was a fantastic partner on all things communications. I tried to get hired at Better Place and failed. Enter Box. They gave me a shot.

IPO 120

IPO Cofounder Early Stage San Francisco 120

Hunter Walker

DECEMBER 30, 2022

The same can be said of startups and their founders, in the sense that so many things can go wrong in the building of a company to an exit, that success almost seems to be a statistical anomaly [more on how bees fly ]. See, it happens to investors too, not just founders. So this is the other side of the coin from above.

Cap Table 89

Cap Table Venture Capital Cofounder Portfolio 89

BeyondVC

NOVEMBER 17, 2016

We each independently fell in love with enterprise software 20+ years ago as seed investors (cos like gotomeeting/Citrix, greenplum/EMC, livperson/IPO LPSN) and founders (workmarket, onforce/Adecco, spinback/buddymedia/salesf0rce) and are now benefiting from the ecosystems, knowledge and network that we’ve collectively developed.

Cap Table 60

Cap Table Cofounder Dividend Institutional Investors 60

Scott Edward Walker

OCTOBER 28, 2014

This week, we present legendary angel investor Ron Conway (commonly referred to as the “ Godfather of Silicon Valley ”) and Marc Andreessen , a brilliant entrepreneur and co-founder and general partner of the venture capital firm Andreessen Horowitz. Is this person rifle-focused and obsessed by the product?’” –Ron Conway (at 1:17).

Cap Table 67

Cap Table Cofounder Silicon Valley Venture Capital 67