Remove 2008 Remove 2009 Remove 2012 Remove Pricing
article thumbnail

The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

When convertible debt first started being introduced as a “faster, cheaper way to get startups funded” they didn’t have pricing built into them. A standard entrepreneur retort I heard back then (2008-09) was “I don’t know what my company is worth now. They’ll get priced soon enough by a VC.”

Startup 354
article thumbnail

Stock Market Drops. Then It Rallies. What Happens Next for Funding?

Both Sides of the Table

My partnership was pretty bearish and scratched our heads a bit at price tags. By 2008 I had gotten more serious about championing companies through our investment process. It was September 2008. The following is a 2-week graph of the end-of-week price of the Dow Jones Industrial Average (DJIA) in Autumn 2008.

Marketing 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

If 2011 & 2012 look like 2010 then the current crop of angel investments will look great. My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) So where are we now? It’s hard to say.

Invest 284
article thumbnail

Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

If 2011 & 2012 look like 2010 then the current crop of angel investors will look great. My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) So where are we now? It’s hard to say.

Invest 152
article thumbnail

Good Times Ahead for VC-backed Tech Companies?

Both Sides of the Table

2009 has been the worst year for M&A in a decade. Projected IPOs for 2009 are an embarrassing 10 total deals, down from 86 just 2 years ago (it was 265 in the go-go years of 99-00) but at least up from 6 in 2008. More interestingly Montgomery expect the M&A market to grow to 600 in 2011 and 750 in 2012.

article thumbnail

US Economic Risks (Sept 2010): Impact on Investors & Entrepreneurs

Both Sides of the Table

The prices of angel deals have recently crept up, VCs have also gotten their checkbooks out again, frothy deals are happening and people are feeling bullish. The spending contraction is inevitable in a period of declining real prices of housing, high unemployment and tightening credit. We took $2.3

article thumbnail

Does the Size of a VC Fund Matter?

Both Sides of the Table

Example: if a VC is on their fourth $200 million fund that they just raised in 2009 then you might hear them talk about $800 million under management. For example, my firm, GRP Partners, has a $200 million fund that was closed in March 2009 and we have 4 investment partners. Most funds get annual extensions.