Tag

Financing

Searching For VC Term Sheets Prior To 1990

On the heels of all the noise around Groupon’s $100m financing at a $7.5b (billion) post valuation, I thought I’d put out a call for “old VC term sheets – prior to 1990.” My partner Jason Mendelson and I are working on a book titled Venture Financings: How To Look Smarter Than Your Lawyer and…

VC Seed Funding Example: Trada

My partner Seth Levine has a detailed post up today titled Trada – from the beginning that describes the creation and financing of Trada. Foundry Group is the seed investor in Trada and Seth’s post describes one example of what I think is effective VC seed investing. The meat of the funding story follows: “Of…

The Proliferation of Standardized Seed Financing Documents

As of today’s announcement that Ted Wang at Fenwick & West has collaborated with a group of bay area early stage VC’s and angel investors to create the Series Seed Documents we now have – at my count – four different standardized seed financing documents floating around the industry. TechStars Model Seed Funding Documents (by Cooley)…

Founder Dilution Survey

Sim Simeonov, a partner at Polaris Venture Partners, sent me (along with a bunch of his closest friends) the following email this morning. “Founders often ask about the dilution they are likely to experience through exit. There are rules of thumb but there is no good data about what happens to common stock (at least,…

TechStars Model Seed Funding Documents

Ever since David Cohen started TechStars, I’ve encouraged him to “open source” everything.  We regularly get approached by people all over the world to talk about the program.  We do – we tell them everything about what we do, how we do it, and why we do it.  We share our documents with them.  We…