article thumbnail

Bad Notes on Venture Capital

Both Sides of the Table

There were no metrics. Him: On metrics. If we priced it based on any metrics your company would likely be worth less than 7 figures at your A round. Me: Then why don’t you take that same Series Seed doc and stick a price in it. It’s like we need a finance 101 course for entrepreneurs. Your A round?

article thumbnail

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

Both Sides of the Table

Kai taught me that the key metric to whether a sales process is going well is “engagement.” Sending the docs via email is less friction than making people come to a data room. He said, “If they are not willing to meet then you’re already dead so you’re better off to spend your time with another lead.

Funding 336