David Teten

DECEMBER 3, 2019

In liquid markets, most of the calories expended on technology and analytics are focused on trade selection, or “ origination ”. I walk through below how progressive investors are using technology and analytics throughout all of their operations. 2) Market . The 11 Steps of Investing in Private Companies. 1) Manage the firm .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

SEPTEMBER 6, 2018

2) Marketing. See How Private Equity and VC Investors Are Using Social Media. We also use Carta , which specializes in cap table management and has just launched a fund administration service which we have transitioned to. See How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood. .

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

2) Marketing. See How Private Equity and VC Investors Are Using Social Media. We also use Carta , which specializes in cap table management and has just launched a fund administration service which we have transitioned to. See How Private Equity and Venture Capital Investors Are Eating Their Own Dogfood. .

Technical Review 60

Technical Review Private Equity Management Cap Table 60

This is going to be BIG.

JANUARY 18, 2024

While they might be generally smart, they’re unsophisticated investors who don’t know what the market is for where you are. They try to sign simple, market-standard deals, keeping the bells and whistles to a minimum while focusing on just a few critical deal points that are most likely to move the needle on their returns.

.Net 88

.Net Cap Table Startup Technical Review 88

techcrunch.com

APRIL 26, 2013

That way, startups only have one entity in the cap table, which simplifies documentation and structure. And what AngelList is doing differs from the crowdfunding market, with the criteria for startup participation and the requirement to be an accredited investor. Crunchboard.

SEC 61

SEC Accredited Investor San Diego New York City 61

www.informationarbitrage.com

FEBRUARY 24, 2010

Read more » Recent Press The New York Times April 22, 2009 - A Company Plans to Market Illiquid Assets CNBC.com April 8, 2008 - Social Stock Picking Reuters April 6, 2009 - Bit.ly But I am doing this from the vantage point of an investor / Board member, not an operating executive. In fact, they generally just get in the way.

CTO Hire 40

CTO Hire Founder Cap Table Vesting 40

David Teten

AUGUST 19, 2019

The average monthly operating expenses is $70,335. The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. 30% have been operated by females, 70% have been operated by males. Limited amount of existing debt and a clean cap table”.

Revenue 60

Revenue Technical Review Software Review Equity 60

View from Seed

MAY 29, 2019

Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market. This segment of the market is basically mirroring other segments of the venture ecosystem which has operated this way for some time. Similarly, the seed market is beginning to look like this too.

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

Version One Ventures

DECEMBER 3, 2019

We thought the market was very noisy and had seen many spin-outs fail (the transition from service to product company is not always easy). Carta went on to become the standard for cap table management and is a unicorn many times over. . Bad mistake…Casper is now the clear market leader in this industry and valued at over $1B.

Portfolio 201

Portfolio Cap Table Early Stage Valuation 201

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. Close the fun and get to work.

Cap Table 154

Cap Table Cofounder Early Stage Portfolio 154

Austin Startup

AUGUST 20, 2017

Are they consistent with your founding team, are they competitive in the market, and will they not create precedents that you’ll regret in the next round of hiring? Your Cap Table is something that deserves constant care and attention. Messy cap tables can come back to haunt you when you do a financing or sell the company.

Technical Review 48

Technical Review Software Review Cap Table Securities and Exchange Commission 48

Hunter Walker

SEPTEMBER 29, 2022

And finally, a more robust (but still somewhat opaque) secondary market emerged for transacting equity among parties. As former product managers Satya and I lean towards having frameworks for these sorts of decisions, for both consistency and speed in internal operations. As we’re recently reminded, markets go down, not just up.

Venture Capital 154

Venture Capital Cap Table LP Equity 154

David Teten

SEPTEMBER 23, 2017

The extreme example of this are algorithmic investors in the public markets, who design algorithms which trade on the designer’s behalf, as opposed to making trading decisions directly. High-frequency trading, algorithmic by its nature, is estimated to account for at least 50% of US equity markets trading volume. . 1) Market fund.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Gust

JANUARY 30, 2014

Large and growing market. Viable business structure and cap table. Operating skills. Real domain expertise. Provable product need. Scalable business model. Competitive advantage. Platform/partnership/bizd ev/API strategy. External validation (ideally traction and/or passionate customers). Reasonable valuation.

Cap Table 119

Cap Table API Valuation Startup 119

Hunter Walker

SEPTEMBER 5, 2021

Startup CEOs Should Test Strength of Cap Table Every ~6 Months To Know Where They Stand. Since things are going well, our collective belief is that a few more milestones will be rewarded by the market, so let’s push further. Lastly, Jason has a single very practical suggestion on what to do if your cap table is tapped out.

Cap Table 127

Cap Table Seed Stage Syndicate Syndication 127

David Teten

DECEMBER 12, 2017

First, we asked VCs about their motivations for improving their technology stack (multiple replies were possible in all questions): What tools do VCs use to market their fund? Creating content and sending it out via newsletters has been one of the most popular ways for VC funds to market themselves.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Hunter Walker

SEPTEMBER 24, 2017

Operating in a technology market that most would consider nascent, she had encountered a variety of responses to her pitch. “We sat down to discuss my company and he basically said, ‘I don’t think your market is going to exist. Especially during fundraising. Convince me.'” ” Her response?

Founder 134

Founder Cap Table Conversion Operations 134

Hunter Walker

JUNE 14, 2018

Information, relationships, pattern matching for marketplaces, SaaS, financial services, agriculture, media, etc etc – our backgrounds and/or portfolio suggest that we might have ability to help the founders move faster and with greater accuracy in testing their market hypotheses.

Cap Table 103

Cap Table Portfolio Vertical Reputation 103

Startup Lessons Learned

JULY 11, 2019

I was working on putting together dinners with potential female operators who were interested in becoming venture capitalists. Above that is product power, and for me that's about what is the path to getting to product-market fit? That was when different initiatives started popping up.

Founder 68

Founder Lean Venture Capital Cofounder 68

Hunter Walker

SEPTEMBER 15, 2023

And while I’m quite optimistic about the coming years, we’re not yet through the pain for many existing companies navigating the transition from a hypergrowth market to one which rewards a different style of operating. When $20B outcomes occur everyone on the cap table eats well. It’s just math.

Cap Table 117

Cap Table Valuation Salary Seed Stage 117

Hunter Walker

SEPTEMBER 17, 2024

This leads to the second non-obvious thing about the profession: one has to have long-term faith in our ideas and approach to the market way in advance of real success. To the outside, all VC firms pitch founders on essentially the same product—there’s a range of check and fund sizes, wrapped in some kind of marketing.

Venture Capital 106

Venture Capital LP Cap Table Portfolio 106

Haystack

DECEMBER 17, 2019

At the end of the post, I’ll have an “Honorable Mention” section, but please do not expect that section to be here as standard operating procedure. And with that, I present to you The Breakout Tech Company Of 2019: Superhuman. Why did Superhuman get the nod? This was not the case just a decade ago.

Cap Table 113

Cap Table Finance Database Software 113

YoungUpstarts

NOVEMBER 17, 2016

Equity crowdfunding is likely to work more effectively for startups that require single rounds of thousands and plan to operate as a growing concern, rather than those requiring multiple rounds of millions in startup capital with goals of being acquired or going public via IPO. How to market your company as an investment.

Equity 100

Equity United Kingdom Cap Table Oklahoma 100

Haystack

AUGUST 18, 2019

If you’ve been following my tweets lately, you’ve read some of my quick musings on the state of the seed market this summer. years is not a long arc – I have not experienced a prolonged down market as a private investor. We know private markets hold the key to 100x or even 1,000x multiples. In short, in my 6.5

Seed Stage 108

Seed Stage Cap Table Early Stage Malaysia 108

Hippoland

OCTOBER 18, 2018

I would raise more than $250k if I had a company that: 1) Was growing 30%+ MoM in sales and my operations could not keep up to fulfill those sales I’ve noticed for operationally-heavier companies (i.e. In the ride-sharing market, supply is basically a zero-sum game. They can create infinite supply.

Bootstrapping 90

Bootstrapping Cap Table Salary .Net 90

Hunter Walker

FEBRUARY 2, 2023

For example, imagine a high-performing Operations IC at Stripe, with relevant experience and an itch to get into a role that allows her to spread her wings further. Or ask your cap table who is the best “XYZ” that they know and give them some skin in the game. My intuition?

Hiring 85

Hiring Cap Table Equity Dividend 85

Haystack

OCTOBER 2, 2019

Part of being a founder is simply about being able to finance the operation. Maybe an accelerator should take lower cap table ownership unless they deliver investors who convert? Ultimately, the buck stops with the founder. Accelerators are a great forum and venue for these lessons to be taught and learned.

Deal Flow 106

Deal Flow Cap Table Early Stage Institutional Investors 106

Hunter Walker

AUGUST 26, 2022

I’m an Ashley Mayer superfan so beyond the affinity, have been fortunate enough to also bring her into Homebrew as an advisor to our portfolio companies, and invest in Coalition , a venture firm she founded along with three other amazing female operators. A process that normally takes five weeks, give or take, took us ten months!

IPO 123

IPO Cofounder Early Stage San Francisco 123

This is going to be BIG.

JULY 2, 2015

It requires you to set up the operation from scratch in every city--and it probably only works in cities. Right now the market is pretty much only high net worth individuals. Marketing the 10th Soul Cycle location is easier than marketing the first. I've got a great deal for you. There is a ton of regulatory risk.

Cap Table 60

Cap Table Viral .Net Acquisition 60

Hunter Walker

DECEMBER 30, 2022

There’s also many wonderful angel/operators and smaller supporting funds with large portfolio strategies. That’s to say, there are ~24 or so GPs spread across an almost equal number of firms that I just LOVE to work with on cap tables, and I’m targeting them like a thirsty multichannel marketer.

Cap Table 92

Cap Table Venture Capital Cofounder Portfolio 92

OnlyOnce

MAY 26, 2022

Do you spend a lot of your time dealing with finance-related issues like fundraising, debt, investors, or cap table questions? If you have even a little uneasiness about how your CFO is operating, it’s probably worth heeding. Do they interact with all the functional leads like product, marketing, and People?

Cap Table 62

Cap Table Forecast Finance Metrics 62

Spencer Fry

APRIL 17, 2017

It wasn’t enough at the end of 2015 to have a working prototype and a handful of customers to somehow take over the market. If this is the case, you may find yourself starting all over with little revenue (if any), a 1-2 person team that might be consulting on the side to pay bills, and no marketing spend. Something has to give.

Bootstrapping 63

Bootstrapping Cap Table Liquidation Preference Cofounder 63

Austin Startup

OCTOBER 27, 2017

It’s, in part, due to the failure of many VCs to effectively apply basic strategic concepts — like differentiation — into their market positioning. Founder hostile” VCs are problematic because they push for the perspective of institutional investors to override those of all the other constituents on the cap table.

Founder 48

Founder Cap Table Preferred Stock Common Stock 48

OnlyOnce

FEBRUARY 9, 2022

The key points in the pitch deck we created were: There is a gap in the market of investors adding “management” value to portfolio companies between Accelerators/Incubators/Studios at the low end and Private Equity firms and very large VCs at the high end. Any entrepreneur would be lucky to have one of these mentors in their corner.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

David Teten

JULY 12, 2017

I thought it might be helpful to provide transparency on how we and many of our VC peers think about optimizing the cap table for our companies. . These firms typically have deep, industry-specific operational expertise which validates the investment, and often have relationships with potential early clients. Market Insight.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Hippoland

OCTOBER 18, 2018

I would raise more than $250k if I had a company that: 1) Was growing 30%+ MoM in sales and my operations could not keep up to fulfill those sales I’ve noticed for operationally-heavier companies (i.e. In the ride-sharing market, supply is basically a zero-sum game. They can create infinite supply.

Bootstrapping 48

Bootstrapping Cap Table Salary .Net 48

Both Sides of the Table

FEBRUARY 15, 2016

It’s a very personal topic and I’d like to offer you a framework to decide for yourself, based on the following factors: How Long is it Taking to Raise Capital at Your Stage in the Market? Go hard and hope that the market will validate your innovation even if the price may be higher than the market may want to bear.

Burn Rate 150

Burn Rate Cap Table Valuation Software Review 150