Gust

SEPTEMBER 5, 2012

I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For Like any promissory note, it bears interest (usually at a nominal rate) and has a maturity date on which the loan must be repaid if it hasn’t been converted to stock (typically around 18 months).

Finance 134

Finance Convertible Security Equity Seed Stage 134

Hippoland

JANUARY 23, 2018

It will be hard to raise a pre-seed round through traditional methods If you are raising money through traditional methods (such as with angels / micro VCs / VCs) via a convertible note or convertible security or equity deal, it will be a lot harder to raise pre-seed money in 2018. The market had definitely shifted. Cons: Slow.

Early Stage 48

Early Stage Convertible Security Seed Stage SEC 48

Hippoland

JANUARY 23, 2018

It will be hard to raise a pre-seed round through traditional methods If you are raising money through traditional methods (such as with angels / micro VCs / VCs) via a convertible note or convertible security or equity deal, it will be a lot harder to raise pre-seed money in 2018. The market had definitely shifted. Cons: Slow.

Early Stage 48

Early Stage Convertible Security Seed Stage SEC 48

Hippoland

MAY 16, 2018

Here’s what’s happening in the equity world (from my perspective): 1) Token sales in the crypto-world do affect “equity” raises. (I I put “equity” in quotes because I include convertible notes and convertible securities in this category.) This leads me to point #3. E.g. $200k on $3m.

Seed Stage 48

Seed Stage Valuation Equity Convertible Security 48

Hippoland

MAY 16, 2018

Here’s what’s happening in the equity world (from my perspective): 1) Token sales in the crypto-world do affect “equity” raises. (I I put “equity” in quotes because I include convertible notes and convertible securities in this category.) This leads me to point #3. E.g. $200k on $3m.

Seed Stage 48

Seed Stage Valuation Equity Convertible Security 48

Hippoland

AUGUST 31, 2018

Or even doing pre-sales or lead generation well before having a product. And companies typically have $2m-$3m revenue runrate at this point. 4) Lastly, with the definition of “seed” expanding, more fundraising is done on convertible notes or convertible securities. This is typically a $6-10m round.

Pre-Money Valuation 90

Pre-Money Valuation Valuation Silicon Valley Early Stage 90

Hippoland

AUGUST 31, 2018

Or even doing pre-sales or lead generation well before having a product. And companies typically have $2m-$3m revenue runrate at this point. 4) Lastly, with the definition of “seed” expanding, more fundraising is done on convertible notes or convertible securities. This is typically a $6-10m round.

Pre-Money Valuation 48

Pre-Money Valuation Valuation Silicon Valley Early Stage 48