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Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? Convertible notes have both features in them but for some reason entrepreneurs don’t understand it. It’s like we need a finance 101 course for entrepreneurs. It’s like we need a finance 101 course for entrepreneurs. We raised a seed round.

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. But I have been in close contact with the NVCA, many of the major law firms and many of the major VC firms. Am I ineligible since I’m VC-backed? The NVCA (National Venture Capital Association) Guidelines are below.

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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

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. So what does a VC do when he or she isn’t ready to say “no” or perhaps might like to talk with you in a year but not now?

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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

There's a tightness which is squeezing the lifeblood from the entrepreneurs, even as it remains an amazing place. But, there is broad agreement that it would be a wonderful thing to get more entrepreneurs and venture capital into the region. As you know, Silicon Valley has a locker grip on the venture capital community.

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Interview with Zeb Evans, ClickUp

socalTECH

ClickUp has raised $135M in venture capital so far. Zeb Evans: ClickUp is a workplace productivity platform, for putting all of your work in one place, including tasks, docs, goals, and chat. What is ClickUp? It's a place for companies and small teams to work together to get more done.

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Time is the Enemy of All Deals

Both Sides of the Table

A reminder that it is important for all entrepreneurs is to remember to be careful about “deal drift.” It quickly became impossible to raise venture capital. Many deals – VC or otherwise – didn’t close. It isn’t even a story about raising venture capital or M&A. Especially in VC. Any deal.

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How Much Information Should you Give VCs for Due Diligence?

Both Sides of the Table

You’re on a first date with a VC – how much should you tell them? When is it appropriate for a VC to call your customers? There is no universal answer and my discussions with various VCs on these topics have yielded many differing opinions. When I was raising money I pitched to several VCs. The First Meeting.