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Founders. Run. Amok. It Starts With a Term Sheet.

This is going to be BIG.

Last week, for just the second time ever, I passed on an investment opportunity because of the terms of the deal--both the price and the legal structure of the agreement. Then, I read about the idiotic comments made by a co-founder of Rap Genius. They got that way due in large part to a very public founder friendly stance.

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A Seriously Great Story and Why We Funded Them

Both Sides of the Table

I first met Andrew Stalbow , the founder & CEO of Seriously in August of 2013. and Petri was co-founder and head of creative at Remedy Entertainment that launched the hit PC games Max Payne and Alan Wake. I think this is a Seriously great example of how this process works for at least one VC – Upfront Ventures.

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Time is the Enemy of All Deals

Both Sides of the Table

We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We ended up agreeing a term sheet for $16.5 6 weeks’ later he didn’t have other term sheets.

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Top 30 Startup Posts in June 2010

SoCal CTO

10 Ways To Be Your Own Boss - A VC : Venture Capital and Technology , June 18, 2010 The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. One of the highlights of my trip was a startup dinner which included Jason Fried and David Heinemeier Hansson, the founders of 37signals. Now I have.

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LinkedIn: The Series A Fundraising Story ? AGILEVC

Agile VC

AGILEVC My idle thoughts on tech startups. This also appears as a guest post at Fortune’s Term Sheet. Many assume it was a cakewalk, based on the success LinkedIn has enjoyed over time and the current stature of our founder/CEO Reid Hoffman (now Chairman). How to Evaluate Firms for a Seed VC. May 26, 2011.

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. Founders however are asked to take low salaries and never really get back the time they worked for free.

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Founder-Investor Fit

VC Cafe

A couple of weeks ago I was did a fireside chat with Alon Grinshpoon, founder and CEO of Echo3D , a CDN and CMS for 3D content in the cloud and a Remagine Ventures portfolio company, as part of an entrepreneurial finance MBA class in Tel Aviv University. We were discussing both sides of the table and the relationship between founders and VCs.

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