Both Sides of the Table

MAY 30, 2015

I’m so tired of seeing young entrepreneurs get screwed by their angel investors on convertible notes and I know I can’t convince you not to do it so I’d like to offer one simple bit of advice to help you avoid getting screwed (at least on one part of your note). If you raise at a lower price they will own more than 9%.

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Liquidation Preference Ratchet Angel Investor Entrepreneur 150

David Teten

JANUARY 13, 2015

Does it hurt ‘anti-pattern’ entrepreneurs? Next, I would push ‘anti-pattern’ entrepreneurs to remove the convenient (and often true) excuses for not warranting investment. I know we romanticize the LGBT entrepreneur making an app for the LGBT community, but too many of our ideas are “ghettoized” and not seen as “big ideas”.

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Venture Capital Greece Advisory Board Cofounder 60

Tim Keane

JANUARY 12, 2010

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-sheets and Valuations: Thinking about Negotiations.

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Term Sheet Valuation Dividend Liquidation Preference 68

www.seriesseed.com

DECEMBER 9, 2012

  In my opinion, the reason that capped convertible debt is the current market leader is that entrepreneurs have been conditioned over time to believe that convertible debt is (a) faster (b) cheaper and (c) better for them than equity investment.  Why use Series Seed Documents instead of capped convertible debt? 

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YoungUpstarts

JUNE 23, 2013

The e-commerce space in Singapore has been ratcheted up by another notch as online shopping platform Shopify partners telecommunications provider SingTel to make available its services to businesses in the country. It also works as a fully featured mobile application, and retailers can manage their shop on the go through the mobile app.

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Singapore Partner Asia North America 164

Up and Running

JUNE 2, 2015

It’s applicable to entrepreneurs and managers in both phases. When team members experience heartfelt emotion, their creative ability ratchets up a notch. The entire book is centered around this question: how do you get teams to think more creatively? For small and large companies alike.

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Ratchet Demand Management Software Review 60

YoungUpstarts

JUNE 30, 2018

As an entrepreneur who has goals of growing a startup into a flourishing business, networking plays a catalytic role in accomplishing key objectives. You always feel as if you’re going to forget something, which puts you on high alert and ratchets up your stress level. “If In many cases, this means business travel.

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Ratchet Restful Security Networking 124

The Startup Magazine

DECEMBER 18, 2018

As any seasoned entrepreneur will tell you, a well-oiled startup doesn’t just materialize overnight. Budding entrepreneurs who will soon be launching their first startups can benefit from nipping the following problems in the bud. Some entrepreneurs simply set too high a bar for success. Overreaching Financially. Overstaffing.

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Ratchet Startup Hiring Employee 113

Gust

SEPTEMBER 17, 2014

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. It’s like we need a finance 101 course for entrepreneurs.

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Liquidation Preference Valuation Term Sheet Stock 153

Startup Lessons Learned

SEPTEMBER 12, 2013

As a life-long edtech entrepreneur I was excited and wary when I was asked to run Innovate NYC Schools , a program within the Office of Innovation that''s intended to make the DOE more flexible, responsive, and better able to function. million kids, and 135,000 employees. Our annual budget is $25 billion.

Lean 162

Lean Startup Ratchet New York City 162

Entrepreneurs-Journey.com by Yaro Starak

MAY 18, 2011

In great detail, the ad explained what went on “beneath the dial&# with beautiful pictures showing dozens of interlocking ratchets, with wheels within wheels. Rolex Watches And Internet Marketing Many years ago, I saw a magazine ad for a Rolex. Each tiny, perfectly handcrafted element was responsible for a critical function.

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Ratchet Internet Differentiation Audience 96

abovethecrowd.com

APRIL 20, 2016

Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry. Examples of dirty terms include guaranteed IPO returns, ratchets, PIK Dividends, series-based M&A vetoes, and superior preferences or liquidity rights.

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Feld Thoughts

FEBRUARY 9, 2016

And, rather than rational and helpful thoughts for entrepreneurs, it often brings out the schadenfreude in even the most talented people. We entrepreneurs have been spinning that line for decades in every boom cycle. Mark’s post is one of the first in this cycle that I’ve seen from a VC giving clear, actionable advice.

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Cap Table Down Round Liquidation Preference Founder 70

Up and Running

APRIL 27, 2012

For example, Oxford Entrepreneurs now claims to be the largest student society at Oxford. These entrepreneurs soon find out it is not. But for these entrepreneurs this is a minor detail. Prioritizing what to do is something many entrepreneurs are less qualified to do. But the noise. They can figure these things out later.

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Metrics Nigeria Ratchet Churn Rate 68

Jeff Hilimire

OCTOBER 7, 2013

I’m betting that as more mobile game studios generate substantial returns, the angel and VC community will ratchet up their interest in investing in these studios and entrepreneurs. We just need a few more King.com successes to generate enough interest.

Mobile 48

Mobile Ratchet IPO Atlanta 48

Campus Entrepreneurship

APRIL 23, 2012

From Garmhausen: “One of the greatest gifts you can give an entrepreneur is time,” said Mr. Parthasarathi, co-founder of CourseHorse, an online catalog of classes available in New York City, from dance and acting to computer programming. But money wasn’t all that NYU’s Stern School of Business provided the pair.

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New York Ratchet New York City Startup 40

Professor VC

JUNE 6, 2016

I can just picture Mr. Rogers saying "Children, can you say participating preferred stock with an uncapped 3x liquidation preference and a full ratchet?" I work hard on mine and you work hard on yours and we all win (entrepreneurs, angels, and upstream VC's). It's great for entrepreneurs! I got over it.

Syndication 28

Syndication Syndicate Ratchet Cap Table 28

Hearpreneur

OCTOBER 9, 2019

Here are the various ways entrepreneurs and business owners stay motivated in business. #1- Being an entrepreneur often means there is no clear roadmap laid out as most entrepreneurs are doing something which has never been done before. 1- Establishing high goals. Photo Credit: Justin Gray. Thanks to Brandon Brown, GRIN ! #8-

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Entrepreneur Technical Review Ratchet Restful 102

Up and Running

MAY 13, 2015

Each week we discuss the latest news, resources, and advice for entrepreneurs and small business owners. Other links: The Time to Think About the 3D-Printed Future is Now (HBR), Space Station Builds 3D-Printed Ratchet Wrench (NASA), Shapeways.com (3D printing marketplace). .” — George Oscar Bluth, Sr., Arrested Development.

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Business Plan Marketing Oregon Small Business 60