Both Sides of the Table
NOVEMBER 9, 2014
The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. I have blogged about some of the downside consequences of the changes and the private information I have says the consequences are much worse than is reported in the press since few people publicly talk about.
Both Sides of the Table
SEPTEMBER 10, 2021
I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. Because to invest at a $60–80 million pre-money valuation (or even $40–50 million) before there is enough evidence of success requires a larger fund.
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Both Sides of the Table
JULY 7, 2015
I save room in literally every deal to invite angels (or seed funds) to co-invest with me. But we’ve gotten the point where ENIFA and they will invest with no information based solely on the name of who else has invested. Even if one disagrees with the premise, why would anyone feel the need to attack Mike for writing it?
Both Sides of the Table
OCTOBER 26, 2014
So my simple advice is to start PR as early as possible (and certainly earlier than most of your investors will advise) when you have your head around your product plans and are well into execution (or ready to launch) precisely because your recruiting, seed funding and initial user base may depend on it. I raised a small seed round.
Both Sides of the Table
SEPTEMBER 23, 2010
They might not actively “collude&# and say “let’s collectively keep the price down&# but in the resulting discussion pricing information will flow – whether intentional or not. To be crystal clear – I think AngelList is awesome and I have NEVER heard Nivi or Naval ever reveal or discuss pricing information.
Both Sides of the Table
SEPTEMBER 29, 2013
If you know, VCs end up writing sizable checks into their own funds, which is important in better aligning interests. Therefore of course they need to be more selection when writing checks and can’t spread their bets across 75 deals. million round I might write $1.8 – 2.2 So What’s the Big Deal?
socalTECH
OCTOBER 11, 2018
It also allows us to do more late stage seed funding, and early A round, and enables us to set deal terms, board seats, and get a lot more sureness around the amount of money and the check we are able to write. It's about information. That's what we did with Scott Painter and Fair.
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