Cofounder Social Network Term Sheet 
Both Sides of the Table
OCTOBER 17, 2009
With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. If a VC term sheet comes in they begin their due diligence process. A few years ago it became fashionable for large VC’s to do seed funding.
Version One Ventures
JULY 20, 2017
million seed round, we’re looking back at our journey with founders Mike Murchison and David Hariri. Intrigued, Boris reached out to Mike Murchison and learned that he and his co-founder David Hariri were building a social network to help others solves problems online. . That’s a win for everyone. .
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This is going to be BIG.
SEPTEMBER 30, 2012
How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation? This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. There is no fork.
Sophia Perl of Wisdom
NOVEMBER 9, 2010
Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed.
Sophia Perl of Wisdom
NOVEMBER 9, 2010
Use the 10-5-3-1 formula for raising money: Have 10 great meetings with investors, 5 of those do detailed due diligience on your company, get 3 term sheets, and 1 transfer into your bank account! A lot of entrepreneurs attended the event as evident by business cards with “Founder&# listed.
Both Sides of the Table
APRIL 14, 2012
…” I’ll write soon on my views of why I believe Instagram took off as a social network and what I think comes next. Instagram happens to be one of the few social networks I regularly use along with Twitter. Just checked their balance sheet. Oh, I know – we’ll just ask them for cash!
Both Sides of the Table
JANUARY 18, 2011
I first met the founder of Pose, Dustin Rosen , when he was a junior person with an LA-based venture capital firm called The Mail Room Fund. Within 48 hours of meeting him we had a term sheet agreeing to fund $1.6 My first two calls were to True Ventures & Founder Collective. Pose is no different. I still do.
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