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Praying to the God of Valuation

Both Sides of the Table

I started my first company in 1999 and was admittedly swept up in all of this: Magazine covers, fancy conferences, artificial valuations and easy money. I learned to avoid unnecessary conferences, avoid non-essential costs and strive for at least a neutral EBITDA if for no other reason than nobody was interested in giving us any more money.

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The Changing Structure of the VC Industry

Both Sides of the Table

The rise of “micro VCs” or seed-stage funds. The rise of alternative sources of capital (crowd funding and the like). Lower costs to start a business (95% reduction), many more companies created & funded by angels / seed. ” Stated simply – if you seed funded Uber at $4.5m Why is this?

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CapLinked Raise $1.6m Series A Round & Appoint Adam Sroka As VP Technology

Tech Zulu Event

James (chairman of the Althea Foundation) and appointed Adam Sroka as Senior Vice President of Technology in a move to make business transactions simple and secure. . Jackson , “This financing round, coupled with hiring Adam Sroka as our head of technology, puts CapLinked in a position to further enhance our enterprise product offerings.”.

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The Authoritative Guide to Prorata Rights

Both Sides of the Table

Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior. As always a balanced perspective is in order.

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Here’s How to Cancel a Meeting the Right Way

Both Sides of the Table

I wrote a version of this post four years ago but given the hectic nature of today’s tech markets I thought it was worth revisiting and updating. As the day approached I noticed that there was a conference in LA that I wanted to attend. ” So I didn’t go to the conference. I wrote him the following email.

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Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

.” And even the venerable Fred Wilson weighed in with how people “ leading vs. following ” in funding rounds play different roles and have different skills. AngelList 101 : As you know, AngelList is a platform where angels can invest in semi-screened tech deals. So there you have it. Must be doing something right!

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What’s it Like Being a VC?

Both Sides of the Table

Some people do the conference circuit too much, get involved in lots of side projects and attend every entrepreneur dinner. When I go to conference I never sit in the meeting section – I always cruise the halls meeting people. We end up out a lot at events: dinners, cocktail parties, conferences. We travel together.