One of the “standard” terms in VC term sheets is the liquidation preference. Google it, learn it, love to hate it and learn to live with it, because it’s unlikely you’ll get a deal without it. I call it the “have-your-cake-and-eat-it-too clause for VCs”.
Here’s how it works (or, How 20% becomes 28% without even trying).
Let’s [...]
Archive for July, 2009
Raising Capital: Liquidation Preferences
Posted in General on July 24, 2009 | Leave a Comment »
Founders
Posted in Startups, founders on July 17, 2009 | Leave a Comment »
I’m a serial founder, and am starting two tiny efforts at the moment in separate companies with a few people I know while continuing to coach startups (which is fun, if not highly profitable). The ideas are mine, but I’m a lousy coder and want great software, and don’t have a lot of money to [...]
Venture Capital Drops Dramatically in Q2
Posted in General on July 13, 2009 | Leave a Comment »
National Venture Capital Association reports a huge drop in new capital placed with venture firms–another good case for bootstrapping and raising from individuals.
Raising Capital: Some Things Not to Do
Posted in Startups, Venture Capital on July 7, 2009 | 3 Comments »
I met with one of my favorite venture capitalists this week for about a half hour just to catch up. I made the mistake of not really having an agenda, so it was a bit all over the place, and there was that moment when you know it’s time to wrap it up and move [...]
Great Advice from 37Signals Founder (from 2008)
Posted in General on July 4, 2009 | Leave a Comment »
Via Charles Wilson…watch the whole thing.
