Startup Professionals Musings

SEPTEMBER 10, 2014

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels. Know your partner well before you get married.

Technical Review 257

Technical Review Due Diligence Term Sheet Offshore 257

This is going to be BIG.

MAY 27, 2014

Last week, for just the second time ever, I passed on an investment opportunity because of the terms of the deal--both the price and the legal structure of the agreement. They got that way due in large part to a very public founder friendly stance. The Term Sheet. Venture Capital & Technology' I certainly have.

Term Sheet 160

Term Sheet Founder Cofounder Software Review 160

Both Sides of the Table

MAY 24, 2018

VC Partnerships Start by understanding how many partners are at the firm you are approaching. It’s pretty easy since nearly every VC lists its partners on the website. Some firms are trickier since they artificially call everybody “partner” but they’re not all “investment partners.” How many partners are there?

Technical Review 314

Technical Review Due Diligence Partner Term Sheet 314

David Teten

DECEMBER 3, 2019

When I met my now-wife, I realized that any technology that can find me a spouse is a killer app. But in business, you want a lot of partners. I’d argue that the same type of technologies that have revolutionized dating can revolutionize our industry. . That’s why 40 million Americans use online dating sites. 2) Market .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Startup Professionals Musings

MARCH 27, 2016

Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels. Know your partner well before you get married.

Technical Review 120

Technical Review Due Diligence Term Sheet Offshore 120

NZ Entrepreneur

AUGUST 4, 2021

Byron van Vugt from NZ Growth Capital Partners explains. Again, use this as an opportunity to pique their interest – and ultimately, land follow-up meetings or enter due diligence. Due diligence, information memorandums & data rooms. Lead investors and term sheets. Legal documentation.

Technical Review 63

Technical Review Software Review Founder Due Diligence 63

VC Cafe

AUGUST 11, 2022

A bond between a founder and investor is a commitment for a long term relationship – that’s why it is important to have the right partners on your side. If you agree that the top founders are likely to receive multiple term-sheets, then the importance of founder-investor fit increases. Personal fit.

Founder 187

Founder Term Sheet Cofounder Venture Capital 187

Rob Go

DECEMBER 14, 2016

When a VC invests in a startup, the two parties usually sign a term sheet that lays out the major terms of the investment round. This is usually followed by several weeks or longer of legal due diligence. 90%+ of term sheets result in a closed deal that is more or less equivalent to what was discussed.

Term Sheet 28

Term Sheet Technical Review Due Diligence Private Equity 28

Both Sides of the Table

OCTOBER 19, 2014

By September 18th we were ready to bring them to a full partner meeting and as a group we were bought into the vision and the experience of this exact team to pull things off. By September 26th we had submitted a term sheet which was signed on October 4th and financing was closed in less than 30 days. And Seriously.

Technical Review 373

Technical Review North America Los Angeles Cofounder 373

Both Sides of the Table

FEBRUARY 25, 2010

We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms. We ended up agreeing a term sheet for $16.5 They accepted my argument.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Both Sides of the Table

JULY 29, 2009

You finally get your first term sheet. They’re giving me 48 hours to sign the term sheet or it expires? Will they really pull the term sheet if I don’t sign? Will they really pull the term sheet if I don’t sign? First, every term sheet has an expiration date in it.

Term Sheet 197

Term Sheet Technical Review Due Diligence Venture Capital 197

www.founderinstitute.com

MARCH 2, 2010

The only science and technology-focused comprehensive university located between Philadelphia and Pittsburgh, Harrisburg University’s academic mission is to create, to attract and to expand economic opportunities in the region. Please contact us or stop by our Adams Morgan or U Street locations.

Term Sheet 40

Term Sheet Liquidation Preference Vesting San Diego 40

Both Sides of the Table

APRIL 13, 2011

My initial desire to blog came from something that’s always been my approach to investing – I’m a nerd and I love to play with the technology and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level. Brad on blogging. How did you start blogging? “My Is that when it became big?

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

David Teten

JANUARY 19, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Our categorization is not a technical one. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”. Novel Growth Partners, Lighter Capital, Rev Up, Corl, Flow Capital. Of the Inc.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

AUGUST 19, 2019

John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. John Borchers defines RBI as, “anchored around a model for providing long-term growth capital to a company that is paid back over time in the form of a modest, fixed percentage of monthly revenue.

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Both Sides of the Table

FEBRUARY 14, 2010

I know that sounds trite but that is exactly how my firm talks about things in partner meetings. It becomes a large part of the conversation in our partners’ meeting afterward. We were super excited by their offering – they had patented technology in a field that we believe will continue to grow massively.

Technical Review 284

Technical Review Due Diligence Entrepreneur Early Stage 284

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. Investment Criteria: B2B SaaS or tech-enabled services with proven, recurring contracts.

Revenue 60

Revenue Technical Review Software Review Equity 60

www.quora.com

JANUARY 16, 2011

Find Questions, Topics and People Add Question Add Question Venture Capital Venture Capital Term Sheets Startups Term Sheets What are examples of good startup term sheets? Ycombinator open source term sheet is a good start for Seed deals. Brad Feld does the best blog term sheet series.

Term Sheet 41

Term Sheet Startup Angel Investor Wiki 41

Mucker Lab

AUGUST 27, 2014

At the time, LA and Santa Clara were both the epicenter of the technology industry due to the significant overlap between the aerospace/military industry (Los Angeles) and the computing business (Silicon Valley). Given our backgrounds, we often get asked about what makes the tech scene in Los Angeles different from that in the Valley.

Los Angeles 138

Los Angeles Southern California Silicon Valley Technical Review 138

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. . As seed funds have raised larger and larger funds, more have developed the muscle around issuing term sheets and “leading”.

North America 120

North America Seed Stage Early Stage Lead Investor 120

YoungUpstarts

OCTOBER 28, 2015

by John Vrionis, partner at Lightspeed Venture Partners. Law firms that focus on emerging technology companies understand their legal issues from multiple perspectives and offer excellent advice. a SAFE or KISS) provide a much simpler transaction with less terms to negotiate. Debt or convertible securities (e.g.,

Convertible Security 100

Convertible Security IP Technical Review Software Review 100

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 205

IRR Dilution Founder Portfolio 205

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 156

IRR Dilution Founder Portfolio 156

Both Sides of the Table

MARCH 15, 2010

I’ve talked about how Twitter is a new form of RSS (curated RSS), it’s a a new form of IM / SMS , it’s a place where business is conducted and it’s a place where advertising will drive leads due to the link sharing nature of Twitter. I started reading Brad’s “term sheet&# series.

Social Network 347

Social Network Networking Southern California Term Sheet 347

View from Seed

AUGUST 17, 2021

It’s by far the longest time I’ve spent working on any one thing, and I feel very blessed to have been able to work with my partners, colleagues, founders, and collaborators. My partners will tell you that I am an incredibly impatient person. at exit due to dilution. These first ten years have been pretty special personally.

IRR 136

IRR Dilution Founder Portfolio 136

Both Sides of the Table

AUGUST 8, 2009

Traction can simply mean showing that you’re making progress with customers, product development, channel partners, initial revenue as a proof point, attracting well-known angel investors, winning industry awards / recognition. They get positive product reviews on TechCrunch, GigaOm or Paidcontent.org. They hire key staff.

Technical Review 309

Technical Review Term Sheet Revenue Venture Capital 309

ReadWriteStart

SEPTEMBER 2, 2011

While certainly not every business needs to raise venture financing, it is the path for many high-growth technology startups. Therefore, going down the fundraising path is something many technology entrepreneurs will need to do and a critical step in the development of their business. Tip 4: Really Understand Key Terms.

Cap Table 125

Cap Table Term Sheet Liquidation Preference Technical Review 125

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. Calcalist Hebrew ]. Other venture capital links.

Technical Review 80

Technical Review Venture Capital Matching Israel 80

The Next Web

SEPTEMBER 13, 2013

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. In India, the leading firms are slightly more concentrated with Sequoia India , Accel Partners , and Nexus Venture Partners being a cut above the rest. The term sheets tend to be fairly standardized and straightforward as well.

Asia 132

Asia Silicon Valley India Term Sheet 132

This is going to be BIG.

MAY 12, 2014

You charge your limited partners this, but you have to pay it back before you start taking a cut of the profits. I hear that partners can make $300,000 on up to a million dollars at a big fund, and that''s before their cut of the upside. I send out my own term sheets and review docs myself--especially since I''m in sydicated rounds.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. Calcalist Hebrew ]. Other venture capital links.

Technical Review 80

Technical Review Matching Israel Venture Capital 80

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. Calcalist Hebrew ]. Other venture capital links.

Technical Review 80

Technical Review Matching Israel Venture Capital 80

VC Cafe

NOVEMBER 15, 2010

Fred Wilson warns that it is starting to feel like a bubble again, with VCs writing $5 and $10 million dollar checks with very little due diligence, sometimes showing up to a first meeting with a term sheet… Israeli startup headlines for Nov 15, 2010. Funding news. Calcalist Hebrew ]. Other venture capital links.

Technical Review 80

Technical Review Matching Israel Venture Capital 80

Growthink Blog

MAY 14, 2014

These high fees obviously eat away at returns, and more profoundly are in contrast to the “disintermediation spirit” so at the heart of modern technology investing. Little discussed in most venture fund models are the high costs of deal sourcing, diligence, and oversight. So what to do?

Venture Capital 101

Venture Capital Disintermediation Technical Review Term Sheet 101

Steve Blank

NOVEMBER 5, 2009

Did the partner have a good or bad day, etc. Reply Week 2 – Customer Discovery & Listening « Iain’s Chips & Tech , on November 6, 2009 at 9:44 am Said: [.] We were able to raise a Seed round from Bessemer Venture Partners on a powerpoint idea, and never found the repeatable customer model.

Customer Development 270

Customer Development Developer Customer Silicon Valley 270

Austin Startup

NOVEMBER 12, 2017

If, however, you bring them a technology deal that is outside their comfort zone, they literally need it handed to them on a platter. In that case, you are not making a specific offer; you are soliciting a terms sheet. As to institutional VC’s or PE investors, many of the same general rules apply. They are not snackers.

Term Sheet 48

Term Sheet Technical Review Due Diligence Merger 48

Both Sides of the Table

AUGUST 28, 2012

You’re heading into a full partner meeting and you’ve been asked for a full data pack before – should you give it? If you show a list of key customers or key business partners and if this list is sensitive (READ: If you don’t want VCs calling them) then you need to make it explicit with the VCs. S**t rolls downhill.

Technical Review 316

Technical Review Due Diligence Term Sheet Cap Table 316