View from Seed

JANUARY 13, 2021

What has happened is that over the last 10 years, the vast majority of successful startups have raised some sort of a seed round prior to a series A. Even the “oh s**t” moment of Covid lasted 1-2 quarters for most tech startups not servicing the travel or hospitality industries. This is because the market actually has changed.

Dilution 399

Dilution Later Stage Portfolio Technical Review 399

Both Sides of the Table

JANUARY 5, 2010

A caller dialed in to ask us questions about his startup. He was from South America but living in Switzerland and had launched a startup while holding down a day job at a consulting firm (McKinsey if memory serves). I didn’t negotiate hard on carried interest. I was recently on TWiST with Jason Calacanis.

Entrepreneur 293

Entrepreneur CTO Hire South America Salary 293

The Startup Magazine

MARCH 22, 2019

Venture capital and angel investments offer excellent options to startup businesses. An article in Forbes explains that a venture capital firm makes its money through management fees (a percentage of the amount of capital that they have under management) and carried interest (a percentage of the profits of the business).

Angel Investor 122

Angel Investor Venture Capital Accredited Investor Equity 122

Women Entrepreneurs Can

MAY 9, 2019

Early on in any startup is more often than not filled with the unknown. There’s a ton of questions, but one thing is for certain: it is thrilling to see your little startup start to come into its own. Venture capitalists are used only after a startup has begun to show a significant amount of revenue.

Programming 40

Programming Sweat Equity Startup Private Equity 40

Agile VC

NOVEMBER 13, 2012

The IPO market remained closed to IT startups, but there were big acquisitions like Google buying YouTube for $1.65B (Fall 2006) and late stage financing rounds for companies like Facebook (Microsoft round at $15B valuation in Fall 2007). Kevin Rose was on the cover of BusinessWeek. So at a fund level (e.g.

LP 154

LP Portfolio Venture Capital IRR 154

Professor VC

JULY 25, 2013

Startup outcomes tend to be very binary. Funders Club ( which I''ve written about previously ) recently launched a referral program where angels can receive 10% of the carried interest in a deal they refer that ultimately gets investment from an FC fund.

Term Sheet 46

Term Sheet Silicon Valley Syndication Syndicate 46

Startup Company Lawyer

MAY 13, 2009

The budget proposal is wide ranging, and includes, for example, proposed changes with respect to the taxation of “carried interests&# in partnerships, as well as sweeping reform of the international tax area. This week, the Obama Administration released the first comprehensive summary of its budget proposal.

Capital Gains 47

Capital Gains Stock Small Business Redemption 47