Both Sides of the Table

JULY 22, 2010

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. No hidden terms.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

View from Seed

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. According to First Round’s State of Startups 3 out of 4 early-stage founders (series A or earlier) say hiring is their #1 concern, but the same amount say they spend less than 20% of their time on it.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Rob Go

SEPTEMBER 4, 2018

As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”. According to First Round’s State of Startups 3 out of 4 early-stage founders (series A or earlier) say hiring is their #1 concern, but the same amount say they spend less than 20% of their time on it.

North America 36

North America Seed Stage Early Stage Lead Investor 36