Hunter Walker

FEBRUARY 20, 2025

Assuming you’re working for a particular partner or a specific coverage team, pick something that is of great value to you partner and can be performed repeatedly. 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.

Venture Capital 104

Venture Capital Cap Table Founder Cofounder 104

VC Adventure

OCTOBER 24, 2018

Or they can be company specific topics, such as a demo of a new product that’s in development or a deep dive into marketing or sales. I prefer things like the cap table, financials and option grants to be delivered as separate attachments and not in the body of a larger board deck.

Design 91

Design Cap Table Email Operations 91

Hunter Walker

AUGUST 23, 2023

Specifically I’ve had the chance to spend meaningful time over the years with Michael Mignano as he went from startup CEO to Executive/Angel Investor and now VC Partner at Lightspeed. 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.

Founder 117

Founder Angel Investor Cap Table Distribution 117

techcrunch.com

APRIL 26, 2013

AngelList also partnered with SecondMarket to create an investment vehicle for these investments. That way, startups only have one entity in the cap table, which simplifies documentation and structure. European M-Payments Startup SumUp Partners With Revel Systems, An iPad POS Provider, For Its Push Into Europe.

SEC 61

SEC Accredited Investor San Diego New York City 61

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . 2) Marketing. See How Private Equity and VC Investors Are Using Social Media. The first issues to think about are org chart, incorporation, financial structure, and so on.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

Just as with any company, the most important issue is the team; see “ How to Negotiate a Partner Role at a Venture Capital or Private Equity Firm “ . 2) Marketing. See How Private Equity and VC Investors Are Using Social Media. The first issues to think about are org chart, incorporation, financial structure, and so on.

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Steve Blank

APRIL 8, 2010

They collected information that justified their assumptions about the problem, opportunity, market size, their solution and competitors and the their team, They rolled up a 5-year sales forecast with assumptions about their revenue model, pricing, sales, marketing, customer acquisition cost, etc. It was an exquisitely crafted plan.

Business Model 332

Business Model Business Plan Customer Cap Table 332

David Teten

DECEMBER 12, 2017

(written by Philipp von dem Knesebeck , Managing Partner, Blue Future Partners (bluefp.com, @bluefutureteam ), and David Teten ). Based on this paper, Blue Future Partners and PEVCTech recently completed a large-scale survey to find out which tools are most commonly used by venture capital firms.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

www.informationarbitrage.com

FEBRUARY 24, 2010

Home About Press IA Capital Partners Archives After 17 years in M&A, Derivatives and Trading, Im spending my time with young entrepreneurs in and around financial technology and digital media. So why do inexperienced (as entrepreneurs), ultra-skilled CTOs fall into the trap of engaging a business partner too early? Lack of confidence?

CTO Hire 40

CTO Hire Founder Cap Table Vesting 40

David Teten

AUGUST 19, 2019

In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. We collect more data on an individual business than, to our knowledge, any other RBI investor, through our application process, data partners, and various public sources online. Bigfoot Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

SEPTEMBER 23, 2017

PEVCTech is partnering with Blue Future Partners to run the first large-scale survey of VCs’ technology stack. Johann Kratzer of Blue Future Partners , a fund of funds, observed, “The majority of the hundreds of funds we’ve diligenced rely predominantly on their relationships to source deals.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

View from Seed

OCTOBER 15, 2014

This is pulled from NextView’s board deck resource, which was compiled using a combination of real startup board decks and input from NextView’s founding partners: Rob Go , David Beisel , and Lee Hower. Here’s an exact, step-by-step breakdown of how we’d recommend structuring it.

Seed Stage 331

Seed Stage Cap Table Metrics Burn Rate 331

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

Genuine VC

MAY 20, 2013

VCs who swear publicly that they’ll never make an investment with less than 20% ownership show up on cap tables in the teens… the 20% pronouncements are just posturing for negotiation. At the early stages, the primary investment thesis rests on the team, rather than the idea or market (which are less unique and more easily fungible).

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244

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. But it happens.

Dilution 314

Dilution Cap Table Due Diligence Option Pool 314

Pascal's View

JULY 9, 2017

While VC deals remain marketed on a pre-money basis, sophisticated investors know that what matters most is the post-money (how much of the company will I own after all of the new shares have been issued). The most serious unintended consequence occurs from “note waterfalls”— converting multiple notes that have multiple valuation caps.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

View from Seed

DECEMBER 11, 2019

“I’m thrilled to announce that I’m joining [New Firm] as a Partner where I will continue to invest in great Founders across the industries I care about.”. “I In any professional service industry, there is natural shuffling in the junior roles, as the race up the pyramid towards a Partner title is like musical chairs.

Venture Capital 204

Venture Capital Cap Table Partner LP 204

genylabs.typepad.com

SEPTEMBER 24, 2011

Steve and Carolyn are partners at Emergent Research and Senior Fellows at the Society for New Communications Research. I wont bother going into details on start-up financing terms ( see this post for an overview of typical VC terms) except to say if you dont know and understand: the firms cap table and valuation. Good point.

Equity 40

Equity Technical Review San Jose Stock 40

The Next Web

OCTOBER 21, 2013

Neil Rimer is a Partner and co-founder of Index Ventures. In these cases, the equation is basically unsolvable and doing a round with a venture investor risks entangling the founders in endless meetings and conference calls with their angel backers to find a compromise that will allow them essentially to rewrite their cap table.

Cap Table 128

Cap Table Option Pool Angel Investor Entrepreneur 128

Gust

OCTOBER 8, 2014

I have come to realize that since the great tech boom started in 2009 and given the massive increase in first-time angels, first-time seed funds, first-time accelerators … the market is just filled with well-intentioned, but inexperience advice. It is less about actual money and more about structure of your Cap Table.

Cap Table 136

Cap Table Silicon Valley Term Sheet Non-Compete 136

This is going to be BIG.

JUNE 20, 2024

On the other hand, I feel things are a lot more predictable on the fund side—and that getting limited partners for your fund or syndicate is a lot more grounded in something that resembles logic. Are you currently in the flow of great opportunities or are you hoping that having a fund will give you a seat at the table?

Deal Flow 147

Deal Flow Syndicate Syndication Cap Table 147

View from Seed

JUNE 11, 2019

This makes sense, because it’s more likely that a firm with a weaker competitive position is willing to stretch and pay a price way above market in order to win what they think is a competitive deal. Building relationships with multiple partners at the firm. Having the lead partner agree to monthly “check-in” meetings post investment.

Syndicate 202

Syndicate Syndication Seed Stage Lead Investor 202

View from Seed

OCTOBER 11, 2022

I became certified as a professional coach through the Hudson Institute of Coaching to be a more mindful and effective partner on a founder’s journey. Consistent with how they approach the founders they back, they are trusted, high integrity, humble, no BS, and collaborative partners who prioritize the right things with each other too.

North America 156

North America San Francisco Cap Table Cofounder 156

Startup Lessons Learned

JULY 11, 2019

Ann Miura-Ko is a founding partner at Floodgate , a seed-stage VC firm. There were none in the firm, so I remember asking him if he knew of any general partners who were women in the Boston area. In a place where there are many, many venture capital firms, he couldn't think of a single female general partner.

Founder 68

Founder Lean Venture Capital Cofounder 68

Feld Thoughts

SEPTEMBER 7, 2010

Last week I spoke with a partner at a large VC firm whose firm has been around for a long time. The partner that I talked to told me that they are doing 30 seed investments out of their newest fund. The partner that I talked to told me that they are doing 30 seed investments out of their newest fund.

Cap Table 134

Cap Table Reputation Finance Programming 134

Hunter Walker

NOVEMBER 20, 2013

Additionally, funds such as Foundry Group and Google Ventures have taken their own approaches – the former creating a separate early stage entity , the latter encouraging their seed stage partners to create standalone personal syndicates. While these are all credible let’s be honest – it’s a little boring.

Syndicate 121

Syndicate Syndication South America Cap Table 121

Haystack

JANUARY 14, 2019

2/ Expansion Of Private Markets: Now every company is a startup. 3/ Carta Just Starting Out: One of the main opportunities for Carta (formerly eShares) is to pick up where CrunchBase left off, but more from the cap table as a starting point. Eventually the best companies will find their best partners when they’re ready.

Cap Table 123

Cap Table Private Equity Stealth Portfolio 123

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

OnlyOnce

OCTOBER 28, 2021

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. In fact, at our peak of 500 people, the company employed one email marketer and therefore had one user of our own product.

Cap Table 62

Cap Table Cofounder Early Stage Leadership 62

Up and Running

APRIL 25, 2014

Business plans reduce risk by forcing entrepreneurs to document not only what they know about their product and their target market, but also what they don’t know. Does your target market like your product or service? Does your go-to-market strategy work? How are you going to market to them? How can you test it?

Silicon Valley 104

Silicon Valley Business Plan Entrepreneur Cap Table 104

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. Access to the partner. If you’ve put money into a fund, I think it’s reasonable to expect that partner to check out the deal flow that you find on your own, and let you know what they think.

Portfolio 103

Portfolio Syndicate Syndication Deal Flow 103

Hunter Walker

AUGUST 26, 2022

My boss, Jen Grant , was an incredible manager, and Aaron Levie, the co-founder and CEO, was a fantastic partner on all things communications. What convinced you — and your other partners — that this was the next phase of your career? Every milestone was an opportunity to tell the biggest possible story.

IPO 123

IPO Cofounder Early Stage San Francisco 123

Rob Go

FEBRUARY 24, 2014

This tends to make LPs happy and make the lead partner look good among his or her colleagues. It’s also nice to have some other deep pockets beside you in case things go wrong, or markets turn sour. Sequoia essentially paid a very high price for Whatsapp equity with little or no external market validators. in mid 2013.

Cap Table 78

Cap Table Valuation Finance Institutional Investors 78

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? Do they interact with all the functional leads like product, marketing, and People? Do they spend time in-market with customers, partners, or vendors? Trust your gut.

Cap Table 62

Cap Table Forecast Finance Metrics 62

Both Sides of the Table

JULY 23, 2014

15 years ago we were at the peak of Internet hype with the launch of many over-capitalized businesses with a market size & opportunity was limited. The VC market has right-sized (returned back to mid 90′s levels & less competition). But markets value high growth over short-term profitability. Where are we today?

Technical Review 398

Technical Review Venture Capital Valuation Pre-Money Valuation 398

Rob Go

AUGUST 29, 2016

The main reason for this, I think, is that there has been such a proliferation of convertible notes, SAFE’s, and other instruments that it becomes tough for a new investor to feel confident that they fully understand a company’s cap table prior to an investment. I don’t expect this changing any time soon.

Post-Money Valuation 52

Post-Money Valuation Valuation Cap Table Term Sheet 52

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. . First, a formal definition: According to Capital Dynamics , “Co-investments are direct investments in a company made alongside and on the same terms as a lead [General Partner].

Syndicate 60

Syndicate Syndication Institutional Investors LP 60