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Want to Know How First Round Capital was Started?

Both Sides of the Table

If you read this blog often you'll know that I'm a huge fan of First Round Capital. One example is that they introduced a program where their founders can pool together shares from their company and exchange them for a small portfolio of other First Round Capital companies. In 2008 they raised a much larger fund $132.5

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Streamlining The Sports Recruiting Process with FieldLevel

socalTECH

That''s what Los Angeles-based FieldLevel (www.fieldlevel.com) has been working on, making it easier for coaches to network and exchange information on athletes. Brenton Sullivan: What we are is a private social network and platform for coaches to connect with each other, to exchange information on athletes. What is that process?

Coach 252
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What Future for Accelerators?

Both Sides of the Table

I had witnessed a number of early-stage tech startups in LA raise seed capital from the Bay Area and relocate. and I thought if we brought the community together for common purpose we could create more of a sense of community to help new entrepreneurs get funded, assemble teams, raise profiles and help with biz dev, product, etc.

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As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

“I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” According to FLAG Capital there are 100 active VCs (as defined by making at least $1 million in VC per quarter for 4 consecutive quarters). Yet their next fund had Facebook in it.

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What I Would Look for When Choosing a VC – Knowing What I Know Now?

Both Sides of the Table

I had an enjoyable conversation this morning with a young team straight out of college this morning and they were calling to ask advice on how to approach fund raising (angels vs. VCs, how to select a VC, etc.) VCs should be more of a coach than proscriptively telling you what to do. I think of VCs as coaches. Commitment.

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Is Convertible Debt Preferable to Equity?

Both Sides of the Table

Convertible debt is an investment that “converts&# into equity in the future usually at a discount to your next funding round price and sometimes has a “cap&# (maximum price). But as an angel you’re usually not only taking risks but also helping the company succeed (through introductions, social proof, coaching, recruiting).

Equity 319
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How Boards Need to Evolve Over Time

Both Sides of the Table

When you first start your company and raise initial venture capital your board probably consists of 1-3 founders and 1-2 VCs. Planning and dealing with extra-ordinary events: M&A, fund raising, crises. And honestly if you did raise a ton of capital from many people it’s ok that you share control. In the Early Days.

Startup 325