View from Seed

JUNE 11, 2019

At this point, founders find themselves in a luxurious situation of being able to build the best possible syndicate. So really take your time to do your due diligence on the investor (both the individual and the firm). It’s not necessary to nail down every element of your syndicate simultaneously. So too few is not great.

Syndicate 202

Syndicate Syndication Seed Stage Lead Investor 202

David Teten

MARCH 14, 2018

– Create a franchise and license access to it , e.g., the Draper Venture Network. The firm attracts deal flow by promising a decision (positive or negative) in under 2 weeks, with minimal paperwork and without repeating due diligence. – Syndicate Special Purpose Vehicles (“SPVs”) for specific opportunities. .

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

View from Seed

MAY 29, 2019

Historically, seed rounds were syndicated among several different firms. Today, we are seeing less syndication of seed rounds and sharper elbows among many of the funds in the market. Instead of broadly syndicated rounds, we are seeing much more competition for fewer slots. Why Is Seed Investing Becoming More Sharp Elbowed?

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

David Teten

SEPTEMBER 6, 2015

At Virgin Mobile USA, Mari led early initiatives in mobile commerce, social networking and advertising. Corporate VCs open the door to their parent companies and are well networked in their industries. Corporate VC networks extend beyond their own parent companies. Mari Holds a B.A. They invest alongside financial VCs.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

David Teten

SEPTEMBER 23, 2017

The historic capital-raising process is driven by face-to-face networking and salesmanship. Some funds are using intermediaries to help them sell to retail LPs ( Artivest , iCapital Network ). Relationship Science makes it easier to understand and map social networks into potential limited partners. 5) Due diligence.

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

David Teten

JANUARY 19, 2021

Aunnie Patton Power writes, “According to the Global Impact Investing Network, 85% of Impact Investors look for market rate or close to market rate returns, but they are cognizant that pushing for a full company exit might have negative impact on the company’s founding mission. Typically 1-3 months of due diligence.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

JANUARY 11, 2020

Many investors including me spend most of our day doing the same things people have always done in our job: in my case, due diligence, deal execution, etc. Kevin Lee, Executive Chairman of Didit, emphasizes the importance of having a content syndication strategy alongside a content creation strategy.

Social Media 60

Social Media Technical Review Media Private Equity 60

Genuine VC

JULY 26, 2010

Micro VCs are notorious for building large and friendly syndicates. While traditional VCs sometimes have a love/hate relationship with their syndicate partners (often depending on how well their mutual portfolio companies are performing), it seems as though in the Micro VC arena all of the players speak and act like best friends.

Syndicate 128

Syndicate Syndication Due Diligence Seed Stage 128

David Teten

JULY 12, 2017

The challenge with most such independent investors is that they, quite reasonably, all have their own independent decision-making and due diligence process. Although EquityZen is primarily an online marketplace for secondary shares in private companies, they also offer syndicated primary investments. Fundraising is burdensome.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

View from Seed

OCTOBER 22, 2015

This doesn’t mean they’ll come back after a first meeting with a term sheet or verbal commitment to invest, but instead, they’ll typically respond with either a pass or an indication that they want to dig in further with additional meetings and/or business due diligence. The ultimate reference is through a portfolio founder.

Term Sheet 120

Term Sheet Due Diligence Seed Stage Seed Capital 120

Rob Go

NOVEMBER 18, 2014

The reason is that most seed syndicates have room for 5-10 angels or more, but only room for 1-3 funds. As an angel, it’s possible to get to an investment a bit late, or follow the signal of a strong syndicate and still do pretty well. They also should be doing due diligence of some sort.

Syndicate 66

Syndicate Syndication Due Diligence Liquidity Event 66

David Teten

JULY 10, 2017

This matching structure takes advantage of the industry knowledge, proprietary deal flow, and network of senior executives. – If an employee wants to invest at least $25K in a private company, she can nominate it to the Syndicate VC (“SVC”). It may invest the same or much more than the angel, depending on the situation.

Employee 60

Employee Balance Sheet Syndicate Syndication 60

VC Adventure

MARCH 17, 2016

Most angel deals happen in syndicates (meaning multiple investors participate), yet many angels are extremely poor at working together with other potential investors. The results are burdensome on a company, result in the duplication and overlap of due diligence and force too much of the syndication work on the company itself.

Syndicate 48

Syndicate Syndication Angel Investor Colorado 48

Tim Keane

APRIL 12, 2006

What is your due diligence process? If the investors ideal size is smaller than your need, you ought to ask about syndication. If they don’t like to syndicate, or don’t have a track record of doing it, you will want to consider your options. What is your due diligence process? I’d ask for a copy upfront.

Entrepreneur 60

Entrepreneur Sweat Equity Valuation Common Stock 60

Agile VC

MAY 26, 2011

Online social networking is a concept still being evangelized even in Silicon Valley… Friendster is in private beta (wasn’t until Oct 2003 they received Google acquisition offer which they turned down for Kleiner/Benchmark round). First and foremost, we believed there would be a “professional” social network.

Term Sheet 178

Term Sheet Silicon Valley Technical Review Social Network 178

David Teten

FEBRUARY 3, 2014

Most investors rely on their network of colleagues and service providers to source investments. Detailed due diligence. These funds use a combination of cold-calling, travel, firm networks, paid expert networks, and technology to identify investment opportunities outside of their neighborhood. Profiled initially.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

Berkonomics

DECEMBER 17, 2020

Some can supply more when syndicating with other such groups. The European Business Angel Network (EBAN), and similar organizations in other countries including Canada, all have web sites with directories of angel groups that are local to you. Angel groups invest from $250,000 to $1,000,000 or more in qualified investments.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

Berkonomics

APRIL 3, 2014

The European Business Angel Network (EBAN), and similar organizations in other countries including Canada, all have web sites with directories of angel groups that are local to you. The advantage to getting the attention of a super angel is that most operate informally and make quick decisions with little due diligence.

Equity 92

Equity Finance Liquidity Event Angel Groups 92