Both Sides of the Table

SEPTEMBER 15, 2022

Across more than 10 years we have kept the size of our Seed investments between $2–3.5 million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup. discipline & focus. How Does the Industry Really Work?

Venture Capital 416

Venture Capital Marketing Technical Review Seed Funding 416

Both Sides of the Table

OCTOBER 17, 2019

The first check I wrote was just over 10 years ago into a company called Invoca who just announced a new $56 million in funding led by Scott Hilleboe at HIG Growth Partners. We not only have our Series A funds that can write $500k?—?$15 15 million first checks but we also have three growth funds. Over the past 2.5

Venture Capital 223

Venture Capital IP Startup Google 223

Both Sides of the Table

JUNE 5, 2015

In the old days VCs funded off of a “pre-money” valuation. In the old days there usually weren’t convertible notes on early-stage deals and there weren’t party rounds with 20 angels or 6 seed funds. It’s worth reading his post to understand the problem. How much is in the option pool?

Venture Capital 150

Venture Capital Pricing Startup Invest 150

Both Sides of the Table

SEPTEMBER 18, 2014

At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Employment.

Venture Capital 417

Venture Capital Capital Pricing Doc 417

Both Sides of the Table

FEBRUARY 23, 2015

Of course you could start your own company. Of course I’m not suggesting people shouldn’t start a company. There are many companies with phenomenal IP that is truly differentiated but where the original executive team squandered their opportunity due to inability to sell, market or service customers.

Technical Review 150

Technical Review Startup Venture Capital IP 150

Both Sides of the Table

SEPTEMBER 28, 2014

It’s what signals to existing investors how quickly their teams need to be fund raising and the level of risk the company is facing and also it signals to potentially new investors both how quickly you need to raise (ie you have less leverage if you’re in a rush) as well as how much cash you’ll need if they fund you.

Startup 383

Startup Company Companies .Net 383

Both Sides of the Table

FEBRUARY 10, 2011

When I meet with Tom offline it’s obvious that he immediately is thinking about product issues, technology trends, funding rounds, etc. At Sony, he didn’t feel like he could “steer the ship” and get his ideas heard so he left and started GUBA, GUBA had no seed funding. In the angel world you see soft circles a lot.

Angel 302

Angel Startup Ideas .Net 302