Up and Running

JULY 2, 2014

My business partner and I made many mistakes in our first tech startup, and so many of them were the result of choosing a lawyer who was a terrible fit. We were targeting to raise around $3 million in investment capital. After a couple of due diligence meetings with the investor and our attorneys, he gave us the check.

Technical Review 118

Technical Review Angel Investor Due Diligence Dilution 118

YoungUpstarts

FEBRUARY 6, 2017

As an entrepreneur, your goal when raising financing is to get several term sheets — the documents describing the terms and conditions of financing. One of the worst positions you can be in during a financing is to have investors interested, but be too far short of your goal. Determine how much you need to raise.

Venture Capital 100

Venture Capital Term Sheet Technical Review Due Diligence 100

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. When it comes time to convert the notes, these entrepreneurs face ‘sticker shock’ about their post-financing ownership. That’s only one result of mismanaged expectations dating back to when the notes were issued!

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

www.mattbartus.com

SEPTEMBER 24, 2011

I can tell you that, among other problems, any uncertainty in the capitalization table when the company is acquired will be resolved squarely and unequivocally in favor of the buyer. Common-yet-sticky situations are everywhere, and no VC and few attorney bloggers (but you, apparently) gives them the due attention they deserve.

Equity 40

Equity Vesting Silicon Valley Intellectual Property 40

www.xconomy.com

JUNE 9, 2012

Tech Channels ▾ Cleantech ›. Innovation Report Shows San Diego Added 695 Tech Jobs at End of 2011. San Diego’s Free EvoNexus Tech Incubator Gains Qualcomm Expertise. XSITE 2012: The Xconomy Summit on Innovation, Technology & Entrepreneurship. Fred Hutch Spinoff Blaze Bioscience Pulls in $5M For ‘Tumor Paint’.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In late 2015, many public technology companies saw a significant retrenchment in their share prices primarily as a result of a reduction in valuation multiples. By the first quarter of 2016, the late-stage financing market had changed materially.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40