Tim Keane

JANUARY 12, 2010

Term-sheets and Valuations: Thinking about Negotiations. Please see later version of this post on May 16, 2010 Entrepreneurs are often not experts in the area of term-sheet negotiations and all of the surrounding issues.   Investors sometimes “present” the terms they’d like and expect the entrepreneurs to react.

Term Sheet 68

Term Sheet Valuation Dividend Liquidation Preference 68

Startup Professionals Musings

JUNE 29, 2012

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 245

Technical Review Due Diligence Term Sheet Startup 245

Startup Professionals Musings

JULY 26, 2013

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 242

Technical Review Due Diligence Startup Term Sheet 242

Both Sides of the Table

DECEMBER 2, 2010

His term sheet series helped me at a time when I needed help. years where I developed skills building distributed systems over networks. Help somebody negotiate their compensation package, introduce someone to your favorite startup CEO, agree proactively to be a reference client for somebody who didn’t ask.

Europe 352

Europe France San Francisco Chicago 352

Startup Professionals Musings

DECEMBER 28, 2010

If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. This will involve an analysis of the company’s distribution channels, advertising, and pricing strategy. Sales and marketing strategy.

Technical Review 229

Technical Review Due Diligence Term Sheet Angel Investor 229

Startup Professionals Musings

JANUARY 17, 2015

For the elite startups and entrepreneurs who manage to attract the investor they dream of, and survive the term sheet negotiation, there is still one more hurdle before the money is in the bank. This is the mysterious and dreaded due diligence process, which can kill the whole deal. Traction in the marketplace.

Technical Review 120

Technical Review Due Diligence Startup Term Sheet 120

YoungUpstarts

NOVEMBER 29, 2015

For many entrepreneurs and inventors, mass producing and distributing products simply doesn’t play to their strengths. These involve finding funding and getting up to speed quickly on the highly complex manufacturing and distribution processes. Technical data and training needed for development, manufacturing and distribution.

Technical Review 100

Technical Review Intellectual Property Due Diligence Los Angeles 100

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”. We see innovation becoming more broadly distributed over time, and outlier companies being built in more and more places. Belief #3: Outlier Companies Can Be Built Anywhere.

North America 120

North America Seed Stage Early Stage Lead Investor 120

Mucker Lab

AUGUST 27, 2014

Encyclopedic knowledge of term sheets and startup buzzwords can be quickly learned, trained, and packaged. The best entrepreneurs have been coached to run a tight process, to shop their term sheets to a myriad of VCs, all of whom have great reputations and large networks.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

Up and Running

JANUARY 26, 2012

Firstly, you need to identify some potential smart investors (by ‘smart’ I mean investors who bring more to the table than just cash i.e. access to a network of contacts, distribution etc). Finally you need to be very clear on the terms of the investment i.e. above and beyond the headline rates.

Term Sheet 94

Term Sheet Exit Strategy Software Review Early Stage 94

Startup Professionals Musings

JULY 11, 2021

Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 433

Term Sheet Advisory Board Liquidation Preference Startup 433

ReadWriteStart

OCTOBER 6, 2011

The 1M/1M program aims to help a million entrepreneurs globally reach $1 million in revenue (and beyond), thereby building the foundation of a robust, distributed and sustainable economic value creation that would add up to $1 trillion dollars in global GDP. a distributed, democratic model of capitalism. What makes 1M/1M unique?

Silicon Valley 118

Silicon Valley India San Francisco Entrepreneur 118

Startup Company Lawyer

MARCH 14, 2010

Founders Institute Plain Preferred Term Sheet (by WSGR – disclaimer, I represent the Founders Institute and was involved in drafting this document). This post assumes that you have a basic understanding of Series A financing terms. Y Combinator Series AA Equity Financing Documents (by WSGR). Dividend preference.

Finance 70

Finance Software Review Term Sheet Liquidation Preference 70

Hunter Walker

MAY 17, 2024

Like everyone else, we went distributed overnight in March 2020. It’s more likely because the women on average get fewer term sheets overall. When a founder has fewer options, investors typically push them to make more concessions on terms. Why does this happen?

Cofounder 131

Cofounder Founder Technical Review Seattle 131

Life Beyond Code

SEPTEMBER 27, 2011

Thus, I have come to the conclusion that if I could help a million entrepreneurs globally reach $1 million in revenue (and beyond), that would be the foundation of a robust, distributed, and sustainable economic value creation that would add up to a trillion dollars in global GDP. a distributed, democratic model of capitalism.

Programming 116

Programming Silicon Valley Bootstrapping Technical Review 116

Hunter Walker

APRIL 20, 2014

And your term sheet waits at the bottom. A distribution relationship? Still lots of hard work and good fortune to close the deal, but your term sheet is right on the other side.' Now I want to spend a few paragraphs on framing the pitch — I call it The Belief Funnel. Do I Believe There’s a Market Here?

Term Sheet 113

Term Sheet Lean Distribution Web 113

David Teten

JANUARY 19, 2021

Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Womble Bond Dickinson has released a white paper on Performance Aligned Stock and a term sheet on ImpactTerms.org. . (If Early liquidity. Equity VC is a “get rich slow” business. which they co-developed with Fenwick & West. .

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

JULY 3, 2014

Angel and venture capital money always comes with strings attached, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions. Progress milestones become management objectives.

Term Sheet 237

Term Sheet Advisory Board Liquidation Preference Startup 237

Genuine VC

MAY 20, 2013

MYTH: Goal of entrepreneur’s VC fundraising is a term sheet. REALITY: Goal of an entrepreneur’s VC fundraising should be a closed investment, which includes both partnership conviction and an agreement of key terms. People are accustomed to normal distributions, as they’re both intuitive and commonplace.

Venture Capital 244

Venture Capital Cap Table Portfolio Early Stage 244

Scott Edward Walker

JUNE 9, 2011

Introduction This post originally appeared as part of the “ Ask the Attorney ” column I am writing for VentureBeat ; it is another installment of my ongoing series regarding venture capital term sheets.

Term Sheet 60

Term Sheet Conversion Rights Venture Capital Liquidation Preference 60

Both Sides of the Table

JUNE 28, 2011

They have increased the number of investments, they understand that outdated board meeting formats are too slow & unresponsive, they have designed founder-friendly term sheets that can be executed cheaply and they are allowing for a massive increase in the rate of new startup innovation. At least in the consumer & business web.

Venture Capital 334

Venture Capital Software PHP Open Source 334

Reid Hoffman

JULY 27, 2021

I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution. It’s not like after completing the class I was prepared to negotiate a term sheet. Like many first time founders, I ran over that landmine. But what I wasn’t doing was trying to earn a credential or boost my salary.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Reid Hoffman

JULY 27, 2021

I was still unprepared; I had no idea that I also needed to learn about go-to-market strategy and distribution. It’s not like after completing the class I was prepared to negotiate a term sheet. Like many first time founders, I ran over that landmine. But what I wasn’t doing was trying to earn a credential or boost my salary.

Silicon Valley 69

Silicon Valley Venture Capital Balance Sheet Cofounder 69

Startup Lessons Learned

MAY 31, 2019

Having been through the company-building process myself and after a decade in VC working with thousands of companies and negotiating hundreds of term sheets, I wrote this book to help demystify the process. Why did you decide to write a manual like this, especially right now?

Lean 108

Lean Venture Capital Conversion IPO 108

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”. We see innovation becoming more broadly distributed over time, and outlier companies being built in more and more places. Belief #3: Outlier Companies Can Be Built Anywhere.

North America 36

North America Seed Stage Early Stage Lead Investor 36

Startup Lessons Learned

AUGUST 17, 2020

And then we also looked at our operations and said, "We have a footprint across the US that can produce and distribute millions of meals every week, fresh meals to 400 cities and towns at incredibly affordable prices given the way we have cost optimized our footprint and our program." Kirsten Saenz Tobey : So we started the company in 2006.

Cofounder 60

Cofounder Security Founder Entrepreneur 60

Startup Professionals Musings

FEBRUARY 3, 2018

Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 140

Term Sheet Advisory Board Liquidation Preference Portfolio 140

Startup Professionals Musings

AUGUST 16, 2015

Angel and venture capital money always comes with ownership and management implications, starting with the obvious ones outlined in the term sheet for the deal. Every funding term sheet is followed by a set of milestone commitments, which should not be considered optional suggestions.

Term Sheet 120

Term Sheet Advisory Board Liquidation Preference Angel Investor 120

This is going to be BIG.

JULY 27, 2017

Does the VC need to call a special partner meeting because you already have three term sheets or is this the beginning? If you're 2x oversubbed, as long as you like everyone, give them a shot to do half their allocation, and distribute evenly what isn't taken. Make references to founders you've backed available upon request.

Due Diligence 142

Due Diligence Term Sheet Cofounder Founder 142

David Teten

DECEMBER 3, 2019

Atlassian open-sourced their M&A term sheet , a very aggressive move which helps smooth the M&A process, by reducing the number of degrees of freedom in a negotiation. Some technology vendors are providing options to limit distribution of confidential information from GP reports. 11) Exit .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

AUGUST 3, 2015

The right investor will have specific feedback on pricing models, distribution and market positioning to improve scalability. I would recommend a budget of at least $10,000 to prepare documents for pitching, legal fees for term sheets and contracts, travel expenses and assistance fees.

Cost 120

Cost Angel Groups Silicon Valley Due Diligence 120

Hunter Walker

JUNE 23, 2013

Under Matt, Toni and Raanan’s leadership they’ve been consistent and committed to their values – open source, distributed workforce. Tumblr – Obviously great mobile product, simple toolset and upside of re-distribution ease via dashboard. They’ve got a wide range of developers making 3rd party tools.

Term Sheet 88

Term Sheet Distribution Aggregator Software 88

Eric Friedman

AUGUST 18, 2021

They know that in a Power Law distributed business, if they create value, it is going to be an exceptionally large quantum of value. Just like when you talk to entrepreneurs, I think they can internalize the fact that the overwhelming statistical likelihood is that they will create no value. That is not happening.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

Both Sides of the Table

OCTOBER 19, 2009

My blog linked to Brad Feld’s blog because I was so grateful for his series on term sheets and he was one of the biggest reasons that as a VC I felt compelled to blog. Distributed version control model – first in the industry like ours and we are filing patents. That changed very quickly. Folksonomy. Free product.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

finance.fortune.cnn.com

AUGUST 21, 2012

Term Sheet. Term Sheet The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley. The information is based on part of a confidential year-end 2011 investment report distributed to investors in a fund-of-funds that made commitments between 1999 and 2001. Term Sheet.

Naming 49

Naming Term Sheet Private Equity Equity 49

K9 Ventures

APRIL 14, 2020

We didn’t waste any time from signing the term sheet to getting started on working on the company — even before the financing closed, which happened on Thursday, April 2nd. I am pleased that I/K9 Ventures got to lead the Pre-Seed round of financing for Pragli.

Cofounder 127

Cofounder Venture Capital Guerilla India 127

Rob Go

JULY 17, 2014

Just like any other startup, the question we are focused on post series A is whether we are doing the right things to allow us to win in a competitive market with a power-law outcome distribution. Does our strategy still resonate? Are we skating to where the puck is going? In most ways however, Fund II is a carbon copy of fund I.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69