Both Sides of the Table
SEPTEMBER 18, 2014
Me: Then why don’t you take that same Series Seed doc and stick a price in it. “But lawyers will charge much more for equity.” Try doing THAT with equity. That way you don’t have a max or min price but you have a price. Him: But then what if people don’t want to pay that price? And so forth.
Both Sides of the Table
MAY 19, 2018
The buyer is shopping for equity in startups and the seller is looking for cash in exchange for equity and shared governing control of his or her company. Sending the docs via email is less friction than making people come to a data room. For starters you have to realize that fund-raising is a sales process.
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Startup Professionals Musings
DECEMBER 22, 2017
Set up an interview room, stocked with current docs. Startup equity investments imply a long-term business relationship, lasting five years or longer. You need to brief the investor early if there are organizational or people changes that are in process, or conflicts that may become apparent during the due diligence visits.
Both Sides of the Table
MARCH 2, 2011
I was thinking back to a few previous “insider baseball&# blog debates that raged for several weeks: AngelGate (aka Bin38 secret cabal), convertible debt vs. equity, bubble vs. not, and now the AngelList discussion. Should entrepreneurs have convertible debt or priced equity? Probably we all have different filters. Same thing.
Both Sides of the Table
MAY 19, 2010
I don’t like going against Google Docs or against 37Signals for project management. Of course none of these funds (my own included) want to be lumped into just one category because we all move across the spectrum. I don’t like the idea of taking on WebEx or GotoMeeting. File sharing? Enterprise collaboration? Yammer, Salesforce Chatter.
Both Sides of the Table
SEPTEMBER 5, 2012
This time by the efforts of Adeo Ressi to introduce a new kind of structure called “ convertible equity.” My initial reaction to Adeo when we spoke was that while it may have solved some issues (debt versus equity) it didn’t solve the ones that I’ve been warning entrepreneurs about most loudly.
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