Board Effect

MAY 10, 2019

Cap tables list a company’s authorized and outstanding shares, the parties to which those shares have been assigned, and the various metrics relevant to managing them. Such metrics can include an investor’s liquidation preference, option exercise windows and expiry dates, and shareholders’ fully diluted ownership percentages.

Cap Table 40

Cap Table Liquidation Preference Dilution Liquidity Event 40

Hippoland

AUGUST 31, 2018

Then I asked him about his metrics, which are good, but they are were not at series A level. I have a few founders I’ve backed who are just on the border of post-seed / series A metrics and are able to get term sheets from both series A and post-seed investors. This was surprising to me.

Pre-Money Valuation 90

Pre-Money Valuation Valuation Silicon Valley Early Stage 90

Hippoland

AUGUST 31, 2018

Then I asked him about his metrics, which are good, but they are were not at series A level. I have a few founders I’ve backed who are just on the border of post-seed / series A metrics and are able to get term sheets from both series A and post-seed investors. This was surprising to me.

Pre-Money Valuation 48

Pre-Money Valuation Valuation Silicon Valley Early Stage 48