Feld Thoughts

JUNE 10, 2022

Rather, when you have a choice between a financing at a lower valuation and a financing with all kinds of crazy structure to try to maintain a previous valuation, negotiate the best price you can but do a clean financing with no structure. .” Now, I’m not encouraging anyone to do a down round if unnecessary.,

Down Round 162

Down Round Ratchet Liquidation Preference Participating Preferred 162

Startup Professionals Musings

OCTOBER 5, 2015

Even if you work every day in the world of new-venture funding, as I do, the options are confusing, and their meanings seem to change on a regular basis. I challenge any entrepreneur, for example, to define the difference between "seed-stage" and "early-stage" financing. A micro venture capital firm.

Seed Stage 120

Seed Stage Finance Early Stage Startup 120

David Teten

JANUARY 11, 2020

In the venture capital/private equity business, investors are B2B microinfluencers. PEVCTech.com , a community for investors and technologists responsible for investing in private companies, primarily at private equity and venture capital funds. Kevin has written over 620 syndicated columns).

Social Media 60

Social Media Technical Review Media Private Equity 60

Growthink Blog

OCTOBER 7, 2010

Now that summer is officially over, venture capital activity is picking up. I just reviewed the many companies who recently raised venture capital with an eye towards those that are offering products and services that could benefit other entrepreneurs and business owners. Collectively these companies just raised $43.2

Azure 74

Azure Venture Capital Software Review Syndicate 74

The Startup Magazine

JANUARY 17, 2024

You can also consider doing syndication, much like how real estate syndicators make money where they pool their resources in order to allow investors to access larger and more profitable deals than they could alone. Entrepreneurs too can emerge victorious in their quest for investment, emerging wiser and stronger on the other side.

Due Diligence 126

Due Diligence Angel Investor Syndicate Syndication 126

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . Fund/SPV management services specifically are provided by Assure Services and Proteus Capital. ff Venture Capital hired two full-time engineers to build out Totem.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

JANUARY 22, 2020

Angels are actually serious investors who invest their own money, versus venture capitalists who invest institutional money, or regular people who invest in crowdfunding. Typically, individual investments will be less than $100K, but a group of angels may syndicate multiples. Thus they don’t live or fly above the clouds.

Angel Investor 322

Angel Investor Valuation Syndicate Syndication 322

This is going to be BIG.

DECEMBER 3, 2020

Having a better overall portfolio of venture capital by adding funds into the mix. Diversification Finance 101 would tell you that, in the public market, you want to be in at least 20-30 names to eliminate a good chunk of the risk (as defined by the standard deviation of return) that you don’t actually get paid for.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

mashable.com

MAY 5, 2011

“Most of that money [from venture capitalists and angels] is used to build a product,&# explains Haig Kayserian, the CEO of Kayweb Angels. Partners W3 EDGE Concentric Sky Rackspace Intridea Dynect DNS Webtrends Global Syndication Partners ABCNews CNN Forbes Metro USAToday Yahoo ©2005-2011 Mashable, Inc. All Rights Reserved.

Equity 74

Equity Engineer Technical Review Social Media 74

OnlyOnce

FEBRUARY 9, 2022

On the heels of the announcement we made last month about our Series B financing , we are now announcing the launch of a new program called Bolster Prime and a new venture capital fund called Bolster Ventures. This is another big week for us at Bolster. We needed another senior leader to join our team.

Silicon Valley 62

Silicon Valley Venture Capital Cap Table Early Stage 62

VC Cafe

OCTOBER 7, 2010

The report’s country profile assessment also noted that Israel’s favorable financial environment, the category in which it was placed 14th, and the availability of venture capital, the pillar in which it came in 10th place, also contributed to making the country an innovation powerhouse. Diversified U.S.

Israel 96

Israel United Kingdom Austria Global 96

Pascal's View

JULY 9, 2017

When it comes time to convert the notes, these entrepreneurs face ‘sticker shock’ about their post-financing ownership. In contrast, there is limited benefit for being the 2 nd investor or the 10 th investor joining the syndicate of a priced round, so it is common for investors to wait to see “who else is involved”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

Babbling VC

JANUARY 7, 2011

I personally believe that one of the major drawbacks to venture capital in Europe is chronic under-financing and people skirt around this issue. Historically, venture fund sizes have been significantly lower here. Hence, financing rounds have been smaller (roughly a ratio of 5 to 1 when comparing US to EU).

Finance 76

Finance LP Europe Valuation 76

mashable.com

SEPTEMBER 14, 2011

In other words, angel investors and early stage venture capital (VC) firms will have different expectations than late stage VC firms. Generally speaking, the European venture capital community is more likely to commit larger investments in more mature companies. Reproduction without explicit permission is prohibited.

France 77

France Marketing Social Media Startup 77

Berkonomics

DECEMBER 17, 2020

Let’s take a few minutes to examine the kind of equity financing available to small or early stage businesses. Some can supply more when syndicating with other such groups. Email readers, continue here… ] The Angel Capital Association (ACA) lists over four hundred member groups, located throughout the USA.

Equity 62

Equity Finance Liquidity Event Angel Groups 62

David Teten

MARCH 14, 2018

Another example is Correlation Ventures ($300M+ AUM), a VC firm which co-invests in financings with at least one other new outside VC. Some other companies with variations of this model include Alpha Venture Partners , Connectivity Ventures Fund , Crowdfunder , and Proof.VC. – Launch a venture capital fund of funds.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

Professor VC

APRIL 1, 2010

One comment made by Jason was that angels tend to be less sensitive than VCs on valuation and can potentially make it difficult to get a venture financing done at acceptable valuation. This will both reduce the number of angel investors and make it more difficult to syndicate across stage lines. Steve Bennet. at 11:15 AM.

Term Sheet 32

Term Sheet Angel Investor San Jose Venture Capital 32

Growthink Blog

MAY 3, 2010

Typically a Series B financing event will raise $5 to $10 million for the company. million Series B financing round - this is the biggest Series B round I've seen in a long time. . There is a ton of financing waiting for the right companies. So yes, even in this economy, venture capital financing IS readily available.

LP 71

LP Venture Capital Syndicate Syndication 71

Haystack

JANUARY 16, 2019

Today, with more scout funds, syndicates, and newer funds forming weekly, those folks have parlayed whatever they’ve done before to get the chance to put money to work for others. But, the parlay doesn’t stop there. As a fund manager and part of the GP, the GPs have to make a “GP commit” to show skin in the game.

Portfolio 111

Portfolio Syndicate Syndication Stock 111

This is going to be BIG.

JANUARY 8, 2015

To date, I''ve backed three fashion related companies--Refinery29, chloe + isabel, and Ringly--and now I have the pleasure of joining the syndicate of investors in Bradford Shellhammer ''s new company, Bezar. Small world, it turns out I also knew his husband from the finance world having met him over 10 years ago.

Syndicate 60

Syndicate Syndication Venture Capital Portfolio 60

Austin Startup

AUGUST 16, 2010

The company has been making steady progress, culminating in a huge round of financing. The company announced it is raising $48 million from a unique syndicate of investors comprising industry leading venture capital firms and semiconductor innovators. Power consumption matters more than ever.

Syndicate 54

Syndicate Syndication Venture Capital Texas 54

Austin Startup

MARCH 7, 2021

in the last four years we’ve seen a 250% increase in venture capital funding and have doubled the number of startup development organizations in our community.” It is the tech hub of Texas and has the most local venture capital and attracts the most venture capital. billion invested across the state.

Texas 90

Texas San Antonio Houston Dallas 90

VC Cafe

DECEMBER 5, 2010

ClickFox , the Israeli-American startup developing optimization software for customer service centers, announced it has raised $18 million in financing from a syndicate led by Morgan Stanley Alternative Investment Partners (AIP). Israel’s Jerusalem Venture Partners sold part of its stake in Qlik Technologies Inc.

Stock 90

Stock Syndicate Syndication Database 90

David Teten

NOVEMBER 15, 2013

At my firm, ff Venture Capital, we’re trying our part to rethink how the industry works, and also actively looking for opportunities to invest in companies creatively disrupting this sector, e.g., our portfolio companies Addepar and Indiegogo. I think there are many more opportunities to disrupt the space. Photo credit: JD Hancock.

Management 114

Management Pre-Money Valuation Venture Capital New Hampshire 114

Feld Thoughts

APRIL 29, 2015

No understanding of the human dynamics behind the financing. No underlying metrics that drive the financing. Recently, the gang at SalesLoft told the detailed story of their $10m financing. None of them covered the financing in any way. financing of Mattermark. There’s no real story there.

Atlanta 70

Atlanta Valuation Term Sheet Finance 70

Professor VC

JULY 25, 2013

Mike Markkula presenting Steve Jobs with first investment in Apple I recently watched an excellent documentary on PBS, Something Ventured: Risk, Reward, and the Original Venture Capitalists. Another area where I''m not sure I stand is with some of the more formal referral and syndication programs that are emerging now.

Term Sheet 46

Term Sheet Silicon Valley Syndicate Syndication 46

Feld Thoughts

AUGUST 2, 2010

But before Foundry Group, my partners and I were involved in many seed investments, both at Mobius Venture Capital. At Foundry Group, we describe ourselves as being “syndication agnostic&#. Million Round From Google Ventures. Tags: Seed Financing seed VC. each are equally happy situations.)

Angel Investor 152

Angel Investor Cofounder Syndicate Syndication 152

Rob Go

SEPTEMBER 2, 2014

When we started NextView, there were relatively few seed focused venture capital funds in the country, even fewer on the east coast, and almost none in the Boston area. With the advent of more open, standard financing documents, it’s also more possible for founders to just set terms themselves and have investors subscribe.

Cram Down 66

Cram Down Institutional Investors Dilution Seed Stage 66

Professor VC

MARCH 12, 2015

It was a great product addressing a large market opportunity and was interested in seeing how the AngelList syndicate process worked. I don''t know the reasons for selling, but presumably Authy felt their prospects weren''t promising as a standalone entity and may have had difficulty raising further financing.

Syndicate 28

Syndicate Syndication Silicon Valley Common Stock 28

Pascal's View

SEPTEMBER 15, 2010

The article, which you may read in full by clicking HERE , makes the following key points: Sophisticated trust portfolios often benefit from direct exposure to active and passive investments made in venture capital and private equity.

Private Equity 42

Private Equity Equity Syndicate Syndication 42

Cracking the Code

DECEMBER 9, 2006

Done deal: after a quick syndication with the kitchen team (their job was at stake, so they were easy to convince.), Venture Capital. (3). Explore Venture Capital. Yahoo Finance. Simply by replacing the traditional spoon with a 7g measuring spoon we could save more than 50% of the parmesan or close to $40k.

Software Review 48

Software Review Technical Review Europe Venture Capital 48

Version One Ventures

MAY 22, 2018

Lastly, dig down into how an investor behaved during new financing rounds or during exits. In the meantime, we’d love to hear how you decided on your investor syndicate? What did that investor do for a founder when times were really tough (i.e. co-founder problems, personnel issues, company pivot, customer fall out)?

Cap Table 60

Cap Table Cofounder Syndicate Syndication 60

Both Sides of the Table

AUGUST 1, 2010

It’s just that he’s a “super seed&# investor in a firm, Founder Collective , that I really respect (and with whom I’ve done two deals and hope to do a third) and I’m a partner in a venture capital firm, GRP Partners. In these cases we proactively offer to lead their next round of financing.

Post-Money Valuation 298

Post-Money Valuation Term Sheet Warrant Partner 298

Professor VC

JANUARY 17, 2008

One of my comments was that we would likely see more institutionalization of angel groups and syndication of deals among groups. If my math is correct, this is approximately a 31% IRR, which has to beat individual angel investments on aggregate and venture capital returns over the period of the study (1990-2007). Venture News.

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Feld Thoughts

JULY 14, 2015

Assuming equity is raised at or above that cap, the total dilution, before the new money, is 16.6% (equivalent to an equity financing of $1m at a $6m post money valuation. A company raises $1m of seed money from angels in a convertible note with a $6m cap. The company spends the $1m building and launching their first product.

Recapitalization 70

Recapitalization Pre-Money Valuation Post-Money Valuation Angel Investor 70

Feld Thoughts

MAY 8, 2012

We are syndication agnostic – happy to invest alone and equally happy to invest with firms we like to work with. Many of these companies raise less than $3m coming out of TechStars – all of them are subsequently in our zone for the next round financing.

Seed Stage 138

Seed Stage LP Warrant Syndicate 138

Professor VC

JUNE 20, 2011

Financing, that is.I One truth of start-up financing is that it generally takes twice as long and twice as much money to accomplish your milestones. Most companies dont come close to their rose colored financial models prepared when going out for Series A financing. As I said up front, I have mixed emotions about the financing.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28