Both Sides of the Table
SEPTEMBER 15, 2022
But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. Across more than 10 years we have kept the size of our Seed investments between $2–3.5 40% of our deals are done in Los Angeles but 100% of our deals leverage the LA networks we have built for 25 years.
SoCal CTO
MARCH 1, 2010
Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs , February 2, 2010 Looks at the critical equation around customer acquisition cost vs. customer lifetime value similar to what I discussed in Startup Metrics but in more depth. They now have a cool new way to get intros to these angels: StartupList. Great stuff.
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Steve Reich
AUGUST 15, 2015
How many Angels do you want in your cap table? Mark Suster wrote a great piece in July giving his answer: “If all else fails, angel-load away! If you can’t raise from a few strong angels, from seed funds or from a VC then raising from a ton (let’s say 20+) angels is a perfectly acceptable strategy.
Startup Professionals Musings
NOVEMBER 7, 2022
Commit a source of internal or external seed funding. There is no point incubating an innovative new venture if you don’t have the funds to launch and expect quick self-sustaining revenue. Don’t count on friends and family, crowdfunding, angels, or other external investors.
Both Sides of the Table
NOVEMBER 9, 2014
We all know that funding markets have changed for startups. The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. We all can intuit the benefits to founders of these trends so there’s little reason to elaborate. What is less understood are the consequences of these changes.
Both Sides of the Table
JULY 21, 2014
An impressive number of new VCs have been created – most of them with new seed funds. We’ve had an explosion of alternate sources of financing from crowd-sourcing, angels, accelerators, incubators, corporates, corporate incubators. Create company measures for success that go beyond financial metrics.
Both Sides of the Table
SEPTEMBER 18, 2014
There were no metrics. Him: On metrics. In finance they call it “terminal value” but the truth is the price is as arbitrary at your A round as it is at your seed round. If we priced it based on any metrics your company would likely be worth less than 7 figures at your A round. So a convertible note was easier.
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