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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. It doesn’t. The data room is where your process goes to die.

Funding 336
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One Man’s Signal is Another Man’s Noise

Both Sides of the Table

I’m sitting at my computer now at 9.00pm writing this – which is an hour earlier than I normally write (there are about 8 women at my kitchen table having a book club (aka excuse to drink wine & gossip so I’m locked in another room writing. I invest, work deals and do operations. I enjoy that.

Email 287
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The Truth About Convertible Debt at Startups and The Hidden Terms You Didn’t Understand

Both Sides of the Table

What the entrepreneurs were really saying is, “I don’t want to take a lower valuation now, while I don’t have customers or a full team. Can you imagine investing in the stock market where your price was determined at a future date and the better that company performed the HIGHER the price you paid for that investment.

Startup 354
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Don’t Cede Control: Why You Need to Cut out Middle Men in Negotiations

Both Sides of the Table

But as it goes to the legal docs naturally 20 issues arise the require negotiations. I have investment money at stake so I’m a principal in the negotiation, too. Very customer focused. Lawyers : So you got your big term sheet signed and you’re now in the drafting. You want the deal to close in 4 weeks. It happens.