View from Seed

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . Lead investors are few. Leads that are true force-multipliers are exceedingly rare. Belief #2: Capital is plentiful.

North America 120

North America Seed Stage Early Stage Lead Investor 120

David Teten

JANUARY 10, 2012

He is an active angel with many successful angel investments including: Rent.com, (purchased by Ebay in 2005 for $415 million), Golfnow.com (purchased by Comcast in June 2008), and Lifelock (lead investors include Bessemer Venture Partners and Kleiner Perkins Caufield & Byers). and Tweetdeck (purchased by Twitter in June 2011).

Technical Review 128

Technical Review Technology North Carolina Switzerland 128

YoungUpstarts

OCTOBER 12, 2017

Specifically, the audit team assesses the management’s conclusion as to whether or not the company can continue to operate while meeting its financial obligations. Many of these companies operate at a loss with a negative cash flow, which begs the going concern question.

San Francisco 133

San Francisco Forecast Early Stage Term Sheet 133

David Teten

MARCH 31, 2012

I’m exceptionally excited to announce that I’m now Chairman and lead investor with some other angels in a new company, Spright Governance Inc. I can tell you that we have signed an exclusive contract to run most of the operations of a small U.S. (An aerial view of Parliament House in Singapore. Photo credit: Wikipedia).

Government 154

Government Singapore New York City Non-Compete 154

View from Seed

OCTOBER 24, 2019

The reality is that if a founder raised every one of these rounds, and lead investors always got their “target” ownership, the level of dilution would be ridiculous. As seed rounds have atomized, it’s not uncommon for founders to raise 3 or even 4 rounds prior to a series A. Experienced founders: B2B.

Dilution 149

Dilution B2B Burn Rate Early Stage 149

The Startup Magazine

MARCH 1, 2021

Our digital platform (ICAS®) is designed for healthcare operators on a mission to modernize the way they design, build and operate their healthcare facilities. This way we can make sure that we deploy a targeted approach that will not disrupt the customer’s operations. David : If I’m the train, then Maha is the engine.

Technical Review 121

Technical Review Founder Saudi Arabia Cofounder 121

View from Seed

AUGUST 26, 2015

Favor investment rounds with strong leads that haven’t raised millions of dollars before you. If a company does not have a strong lead investor AND has raised a lot of money before, there is probably some baggage that you may not really be equipped to decipher. This is sometimes really tough for former operators.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

View from Seed

AUGUST 26, 2015

Favor investment rounds with strong leads that haven’t raised millions of dollars before you. If a company does not have a strong lead investor AND has raised a lot of money before, there is probably some baggage that you may not really be equipped to decipher. This is sometimes really tough for former operators.

Technical Review 120

Technical Review Angel Investor Software Review Silicon Valley 120

Feld Thoughts

JUNE 9, 2021

Fred Wilson was his lead investor. I was the lead investor for Veripost. I’ve been working with Matt since 2000. That year, we merged two companies: Return Path and Veripost. Matt was the co-founder/CEO of Return Path.

Fractional CTO 70

Fractional CTO Cofounder Startup Lead Investor 70

David Teten

FEBRUARY 3, 2014

Similarly, my research on venture capital portfolio operations found that Portfolio Operator VCs such as Andreesen Horowitz , First Round Capital , ff Venture Capital , and Google Ventures are hiring unusually large teams and structuring them in traditional pyramids.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

David Teten

SEPTEMBER 5, 2014

Over the past 15 years we’ve built this amazing membership to serve our core clients – leading investors, corporations, consulting firms, and nonprofits. David Teten: As you know, almost every VC fund operates as effectively a mini expert network. They use GLG to quickly and efficiently answer some of their toughest questions.

New York 114

New York Technical Review Networking Advisory Board 114

techcrunch.com

APRIL 26, 2013

First, AngelList Invest is available to any company on AngelList that has a top-tier lead investor. And the lead investor has to be putting in at least $100,000 in capital, says Ravikant. Using today’s data on AngelList, that includes 300 startups. Other criteria include that the startup needs to be U.S.-based,

SEC 61

SEC Accredited Investor San Diego New York City 61

View from Seed

MAY 29, 2019

This segment of the market is basically mirroring other segments of the venture ecosystem which has operated this way for some time. Today, most series A’s are led primarily by one fund that makes up the majority of the round, and there is fierce competition for that lead slot. I think there are two big ones.

Syndication 267

Syndication Syndicate Cofounder Cap Table 267

David Teten

SEPTEMBER 6, 2015

Teten: How is the corporate VC model evolving: in how they interact with portfolio companies or the operating side of their organization? Entrepreneurs today expect more than just capital from their investors. But most commonly these are customer relationships: the operating unit becomes one of the startup’s first or largest customers.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

David Teten

SEPTEMBER 6, 2018

See my summary on how lead investors think about building out their syndicate. . See Beyond the Money: Best Practices of Venture Capitalists in Helping Early-Stage Companies Create Value and It’s the People: Improving Private Equity Portfolio Company Valuations by Working with Operating Executives. See Where Are the Deals?!:

Technical Review 60

Technical Review Private Equity Management Cap Table 60

David Teten

SEPTEMBER 6, 2018

See my summary on how lead investors think about building out their syndicate. . See Beyond the Money: Best Practices of Venture Capitalists in Helping Early-Stage Companies Create Value and It’s the People: Improving Private Equity Portfolio Company Valuations by Working with Operating Executives. See Where Are the Deals?!:

Technical Review 60

Technical Review Private Equity Management Cap Table 60

Rob Go

SEPTEMBER 4, 2018

Amidst the rise of new funds, new technologies, and potentially disruptive late stage players, I thought it was important to share what we consider to be our core operating principles here at NextView. . Lead investors are few. Leads that are true force-multipliers are exceedingly rare. Belief #2: Capital is plentiful.

North America 36

North America Seed Stage Early Stage Lead Investor 36

The Startup Magazine

FEBRUARY 7, 2025

Unlike brokers who often operate on a commission-based structure, RIAs are typically compensated through fees based on assets under management (AUM), aligning their financial incentives with the long-term success of their clients’ investments.

Securities and Exchange Commission 136

Securities and Exchange Commission Portfolio Finance Due Diligence 136

Gust

AUGUST 6, 2014

A company gets started and gets some traction [these days it is difficult to nearly-impossible to get funded without having an operating company and a product that is pretty near completion], and then starts talking to as many investors as it can find, ideally getting introduced to them by mutual acquaintances.

Term Sheet 170

Term Sheet Lead Investor Preferred Stock Common Stock 170

www.readwriteweb.com

MARCH 7, 2011

Instead of investors holding onto proprietary connections and introductions for their portfolio companies, these relationships are being displaced by the dominate social networks ( Facebook , Linkedin , Quora ). s new markets feature, where you can break out specific investors and deals by sub-markets. Just look at AngelList?s

Technical Review 50

Technical Review Due Diligence Startup Angel Investor 50

Both Sides of the Table

OCTOBER 14, 2009

That’s what “information rights&# are for and you can promise the investor to meet 1-on-1 on a quarterly basis. The second scenario is where there are too many investors (egos?) in a company. To understand why I’m so opposed to board observers you need to understand the dynamics of startup boards.

Advisory Board 215

Advisory Board Strategic Investors Venture Capital Later Stage 215

Startup Professionals Musings

AUGUST 29, 2016

Just like professional investors wait for friends and family to go first, friends will wait for you to show “skin in the game.” A startup founder that is not the “lead investor” in time and money should not expect anyone else to jump in front and lead the way. Demonstrate your own financial commitment and progress.

Elevator Pitch 151

Elevator Pitch Exit Strategy Angel Investor Equity 151

Hunter Walker

SEPTEMBER 27, 2021

While a norm of ‘we don’t invest in directly competitive companies’ is likely the median response if you asked a bunch of investors, in truth there’s always an asterisk. Sometimes this applies only to lead investors, and if they consider the investment ‘active’ (eg on the board, still doing their pro rata, etc).

Early Stage 142

Early Stage Cofounder Vertical Portfolio 142

David Teten

JUNE 12, 2014

Following a lead investor is valuable education, as it gives the coinvestors access to the deal documents and some of the process used by the lead. In the first full year of operation, VCAP attracted 159 applicants. To date, 11 companies have been approved for Fast Track, and 8 have raised capital from our members.

New York 114

New York Angel Groups Connecticut Florida 114

Hearpreneur

AUGUST 27, 2023

This person conducts regular one-on-one meetings with the chairman and lead investor. This method allows us to delve deep into the intricacies of our operations and the ergonomic industry, leading to well-informed decisions and a competitive edge in the market. Thanks to Lucia Zelesco, Zelesco Consulting ! #9-

Entrepreneur 118

Entrepreneur Australia Lead Investor Management 118

Hunter Walker

JANUARY 10, 2022

The needs of the lead investor for ownership? A round that is most accommodating for the existing investors while allowing you to get new people involved? But there’s a silver lining to that: I think having a baby at home forces a different level of focus and decisiveness around the way I operate.

Cofounder 118

Cofounder Founder Acquisition Startup 118

Hunter Walker

DECEMBER 30, 2022

There’s also many wonderful angel/operators and smaller supporting funds with large portfolio strategies. Not for competitive reasons (I don’t believe) but because they are primarily trying to help a startup find a lead investor, and we used to be that for them, but now rarely lead seed rounds.

Cap Table 89

Cap Table Venture Capital Cofounder Portfolio 89

Berkonomics

FEBRUARY 13, 2014

Great revenue projections from a small user base lead to worries over sustainability. Low revenue projections but demonstrated (or projected) impressive numbers of unique users lead investors to think that there may be a future method of monetizing the user base that makes the company attractive, even while currently losing money.

Metrics 83

Metrics Revenue Advertising Internet 83

Feld Thoughts

OCTOBER 11, 2015

But you have to be paying attention and operating under the right assumptions. If we can’t find a new lead investor, will you write us a check? All this has happened before and all of it will happen again. I’m a strong believer that you can build great companies in time of both greed and fear.

.Net 70

.Net Lead Investor Internet Operations 70

View from Seed

JANUARY 26, 2016

FWIW, that is not how we operate.). They are either repeat successful founders or first-time founders who are still well-known and well-respected individuals by the lead investor. These tend to be cases where founders are proven.

Seed Stage 120

Seed Stage Early Stage Cofounder Finance 120

Duct Tape Marketing

FEBRUARY 20, 2014

The best way to not get caught lying to an investor…surprise, surprise…don’t lie at all. Weston Bergmann is the founder and lead investor in a business incubator in Kansas City called BetaBlox. 5 Operational Tips Every Startup CEO Should Know and Follow It is guest post day here at Duct Tape Marketing.

Kansas City 78

Kansas City Due Diligence Arizona Kansas 78

Business Plan Blog

DECEMBER 26, 2013

The individual is likely to be the lead investor in the venture and may join the Board of Directors. This process may include the provision of various scenarios on revenues and costs as the investors validate forecasts initially presented.

Angel Investor 51

Angel Investor Due Diligence Pre-Money Valuation Angel Groups 51

This is going to be BIG.

FEBRUARY 17, 2016

Seed’s focus is on providing innovative means to secure operational stability for hedgers and new investment opportunities. Seed CX operates in areas where there have been recent regulatory shifts, which present the potential to innovate in new or obscure markets. This will include hemp and related products.

Chicago 60

Chicago Lead Investor Security Government 60

Rob Go

JULY 17, 2014

As former operators and product-oriented entrepreneurs, Dave, Lee, and I tend to think of our firm as a startup company and our approach to investing as our product. We want to be able to comfortably lead these rounds and speak for 1/3 – 1/2 of the capital or more. This leads to the second factor.

Seed Stage 69

Seed Stage Early Stage Due Diligence Liquidity Event 69

Hunter Walker

APRIL 20, 2018

Like we do at the seed stage, USV almost always plays the role of “ lead investor.” ” And later: “The truth about these situations is a few seed investors will massively over deliver and the rest will massively disappoint.” But it often is not.”

Seed Stage 50

Seed Stage Lead Investor Portfolio Reputation 50

The Startup Lawyer

JANUARY 6, 2011

Remember we’re a minority investor in early stage companies, so the best we can do for our companies is present options for them – at the end of the day those decisions are up to the entrepreneur and the company board. I don’t think many Corporate VCs operate this way and we feel it creates a lot of mis-alignment with entrepreneurs.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58

David Teten

JULY 12, 2017

2) Investors with very specific value-add. These firms typically have deep, industry-specific operational expertise which validates the investment, and often have relationships with potential early clients. They are comfortable with others taking the lead. .

Syndicate 60

Syndicate Syndication Institutional Investors LP 60