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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

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

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5 Startup Killers And How to Avoid Them

Tech Zulu Event

Equity split. As part of the agreement, put a vesting plan in place for your equity. If you haven’t legally assigned the property rights to your company, you don’t own the IP even if your co-founder developed it while working on your business. Protect your IP : Patents are the gold standard. Time commitment.

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Revisiting Paul Graham’s “High Resolution” Financing

Both Sides of the Table

When I first read Paul Graham’s blog post on “High Resolution&# Financing I read it as a treatise arguing that convertible notes are better than equity. I argued it in my post on how social proof helps fund raising with angel investors. He’s fine with equity provided it’s cheap to paper it legally.

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How to Work with Lawyers at a Startup

Both Sides of the Table

So eventually you have your company funded but only 2 of the 5 people who started the company are still around. You never got around to agreeing exact equity splits but you had many conversations about it. Your contractor wrote a great V1 of the product and it helped you get angel funding. Here’s a hack for you.

Startup 318
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10 Finance Tips for Very Early-Stage Startups

Tech Zulu Event

Develop your financial projections. Once you’ve worked these out, you’ll be in a position to balance them against your available funds. Protect yourself by clearly outlining confidentiality, termination provisions, and IP ownership in employee contracts and hiring documentation. Decide whether you need to pursue outside funding.

Tips 90
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This Week in VC: Michael Montgomery (President, Montgomery & Co.)

Both Sides of the Table

Michael is a very accomplished corporate executive in his own right having run Sega Gameworks and helped IPO EuroDisney as well as having been on the founding team of DreamWorks SKG (where he helped them raise their first $900 million in equity). A bank can help you balance fund raising with running your company. total funding $1.7

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10 Finance Tips for Very Early-Stage Startups

Tech Zulu Event

Develop your financial projections. Once you’ve worked these out, you’ll be in a position to balance them against your available funds. Protect yourself by clearly outlining confidentiality, termination provisions, and IP ownership in employee contracts and hiring documentation. Decide whether you need to pursue outside funding.

Tips 101