Both Sides of the Table

APRIL 6, 2020

You need to: study the rules, make sure that you don’t violate the “affiliate rule” (more later), consult with your Company Counsel, consult with your board and investors and then make your own determination. How do I amend my legal documents so that the Affiliate Rule doesn’t stop me from applying for a loan? It is not “free money.”

VC 279

VC peer-to-peer startup advice 279

Berkonomics

MARCH 28, 2024

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. Actually, there are two legal duties of board members. Second is the duty of loyalty… …Loyalty to the corporate person, not to the shareholders who elected the board member.

board 112

board advice education VC 112

TechCrunch

JANUARY 24, 2022

Reviewing repetitive documents is, well, repetitive, but Klarity believes people don’t have to do all of that and is building an artificial intelligence tool, targeting finance and accounting departments, that turns documents into structured data. Document automation is not a new concept. Image Credits: Klarity.

education 99

education finance financing capital 99

Gust

JULY 18, 2012

The basic structure of corporate governance is well ingrained among the legal and investment communities, but it’s worth reviewing for those who don’t enjoy dealing with Board resolutions and proxy statements for a living. ” Typical governance structure (Sony Corporation).

board 188

board financing finance consulting 188

David Teten VC

JUNE 9, 2021

You can work as a consultant, an interim executive, a board member, a deal executive partnering to buy a company, an executive in residence, or as an entrepreneur in residence. . However, historically most private equity professionals were former investment bankers and other finance professionals. Board of Directors.

consulting 128

consulting venture capital board capital 128

TechCrunch

SEPTEMBER 15, 2022

He serves on the boards of OCEANIX, Atom Computing, Conscious Cultures and MycoWorks. I have spent most of the last two years investing at Series B and helping portfolio companies prepare for this first “growth-y” round. An elegant strategy memo is your most important document. Gaetano Crupi. Contributor.

founder 97

founder strategy pitching venture capital 97

This is going to be BIG.

JANUARY 18, 2024

These are people that didn’t make their money through a tech startup or startup investing. Not only will it cost you multiples more than average in legal fees to get this deal done, but you might wind up with some gnarly documents with terms that prevent other investors from wanting to come in. I’m not talking about active angels.

investment 221

investment investing startup real estate 221

Gust

AUGUST 23, 2014

Professional investors typically have a range of information rights that they negotiate for when making an investment. While not every investor will have every right (or every right with the same frequency), the types of things we’re talking about include: Seat on the Board of Directors. Non-voting Board Observer Seat.

investing 139

investing investment VC board 139

Both Sides of the Table

NOVEMBER 20, 2012

Board Meetings. How do VCs break out of group think when they are shuttling from one board meeting to the next, from one conference to the other and talking with all the same people? This can be your star Chief Architect who loves to code but hates having to handle the admin like testing, documentation, recruiting, etc.

creativity 400

creativity venture capital entrepreneurs board 400

This is going to be BIG.

MAY 13, 2019

Instead, we got one of the most lucrative startup investments of all time from a company built off of a legion of drivers unable to make a living wage after expenses, without benefits, and not even classified as employees even when they work for the company for full time hours.

culture 317

culture incumbents enablement sustainability 317

Berkonomics

JANUARY 11, 2018

Some of you have gotten along forever without a board of directors, or used your spouse as the “other” board member from the start. But there are some very good reasons to build a great board composed of some outside members. And good board members can add real value to you and the company.

board 97

board creativity sustainability health 97

TechCrunch

JANUARY 14, 2021

Most developers don’t enjoy writing documentation for their code and that makes life quite a bit harder when a new team member tries to get started on working on a company’s codebase. Using Swimm, you can create the standard — but auto-updated — documentation, but also walkthroughs and tutorials.

development 100

development board ventures investing 100

Dream It

APRIL 7, 2020

For VC-backed companies, where the investments are more likely to be minority stakes, then you look at the investor’s blocking rights (e.g. blocking a quorum, or preventing a shareholder/board action). Removing problematic covenants can be accomplished as an amendment to company documents. Yes, VCs are very aligned with this.

startup 348

startup communities VC ventures 348

Both Sides of the Table

NOVEMBER 9, 2014

Generally speaking in venture capital financings the legal documents will specify that only “major investors” (a threshold set in the agreement – which can be $500,000 investor or more). We led an investment round in a company a while ago in which we wrote a seven-figure check and have taken a board seat.

venture capital 352

venture capital VC board financing 352

Ben Franklin Technology Partners

DECEMBER 12, 2023

In a recent board meeting, Ben Franklin Technology Partners of Central and Northern PA (Ben Franklin CNP) proudly unveiled its latest investments in six exceptional tech enterprises situated in central and northern Pennsylvania, totaling $725,000. Gig and Take, Inc. first appeared on BFTP/CNP. appeared first on BFTP/CNP.

innovation 105

innovation technology investment investing 105

Both Sides of the Table

FEBRUARY 14, 2010

In 1999 I was in Japan doing a strategy project for the board of directors of Sony. The problem of amplification: The problem got worse as the data flowed out to the “bulge bracket&# investment banks. They got the data feed either from the research company or from the investment bank. Nobody was surprised. It can happen.

consulting 415

consulting data analysis advice construction 415

Both Sides of the Table

FEBRUARY 7, 2011

In 1995, while in high school, Seth wanted to start a business scanning paper documents for companies, but realized it was a non-starter when he learned that a scanner costs $4k. Seth also spoke about not accepting investment until after gaining traction. Seth likes to get together with board members every 30 days.

board 286

board culture VC education 286

Dream It

APRIL 12, 2020

Martino founded Bullpen in 2010 with a focus on post-seed, pre-Series A startups, and he led the fund’s investments in companies like FanDuel, Namely, Ipsy, SpotHero, Classy, and Airmap. This geographic distinction is now less about actual geography and more about mentality and style of investing of these types of firms.

ventures 334

ventures startup capital board 334

Both Sides of the Table

FEBRUARY 17, 2019

But I hate worse when I let down the people for whom I’ve totally committed my time to: the boards I set on, my limited partners, my colleagues at Upfront, companies that are pitching me and looking for feedback and my family. Would you recommend that I create an open Trello board and anybody can add tasks for me there?

advice 250

advice board pitching startup accelerator 250

Gust

FEBRUARY 19, 2014

The first, and most important, has to do with who the investment is from. Have long talks with them about what they are looking for in the relationship, what your respective ideas are when it comes to exits and long-term management of enterprise, and how much dry powder they are keeping for future follow-on investments.

investing 128

investing investment startup board 128

Berkonomics

DECEMBER 21, 2017

Almost always, professional investors, including angel groups and venture capitalists, also require at least one seat on the corporate board. The investor organization is granted the seat as long as the investment remains, and the documents often name the first representative assigned by the investor group to the position.

investment 97

investment investing board culture 97

Both Sides of the Table

SEPTEMBER 5, 2012

If I could persuade you that they’re already in these documents would you consider abandoning this structure? Those terms you fought so hard to get out of “clean term sheets” by using TheFunded, VentureHacks and the like are in your current documents. That’s right. Investors call Bull Cap. Enter “the cap.”

startup 354

startup VC entrepreneurs financing 354

Berkonomics

SEPTEMBER 6, 2010

All other board functions are secondary. Even venture capitalists who sit on boards where they have significant investments often forget this point. Actually, there are two legal duties of board members. Second is the duty of loyalty – loyalty to the corporate person, not to the shareholders who elected the board member.

board 71

board advice education VC 71

Paul G. Silva

MAY 29, 2020

In 2014 the great Steve Blank gave the startup world its first widely-respected quantitative assessment system: the Investment Readiness Level (IRL). A few years later Village Capital took the IRL to the next level, creating the Venture Investment and ReAdiness Level (VIRAL). She fills it in and shows it to her board of advisors.

founder 182

founder board venture capital strategy 182

NZ Entrepreneur

APRIL 28, 2019

Here’s how to build a startup advisory board. And while it often seems more involved and complex than it is in reality, setting up an advisory board is something you should look to put in place in the early stages of your entrepreneurial venture. Selecting an advisory board is the tricky part.

board 78

board startup advice strategy 78

Both Sides of the Table

NOVEMBER 22, 2014

I didn’t invest in any of their fine competitors either like Lyft, Sidecar, Hailo, etc. I was at an alumni dinner at UCSD (I am on the alumni board) and a group of people were talking about how their kids use UberX to get rides home from parties at night. They want us to store our documents. I’m not so sure.

mix-use 418

mix-use innovation pitching board 418

Berkonomics

MARCH 6, 2025

A punch in the gut Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. Recognize the realities of the times; and do all possible to protect the company by documenting behavioral or skill related problems to the employee file.

entrepreneurs 71

entrepreneurs advice board investing 71

Berkonomics

MAY 23, 2024

Give one percent equity to each outside board member vesting over two to four years of service. Many early-stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best advice, based upon many boards and many years. How do you set the option price?

board 62

board VC consulting advice 62

Berkonomics

MARCH 17, 2018

I’ve been sued as a board member too many times over the past twenty-five years of board service. Entrepreneurs blaming their board for failures of a fragile, early stage company. As a result, I now insist upon D&O insurance for every board upon which I sit. Five times. Does that shock you? It does me.

board 97

board entrepreneurs investing investment 97

David Teten VC

AUGUST 19, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I believe that Revenue-Based Investing (“RBI”) VCs are on the forefront of what will become a major segment of the venture ecosystem.

founder 99

founder investing investment VC 99

TechCrunch

APRIL 26, 2023

On the other hand, Appruve, which provides an API that verifies user identity, fraud detection and digital documentation, primarily focuses on new datasets that enable or complement traditional government data such as international passports and national IDs.

venture capital 145

venture capital enablement innovation ventures 145

Andreessen Horowitz

FEBRUARY 13, 2024

Together, these documents will help distill not only your vision for the current fundraise, but more broadly the long-term differentiation and trajectory of your company. How is the company’s go-forward budget split across platform investments and program-specific spend? substantial real estate lease agreements).

finance 125

finance financing real estate construction 125

Both Sides of the Table

APRIL 21, 2010

So it’s really hard to draw too many conclusions about whether the investment really makes sense because often you learn stuff in the fund raising about the future strategy of the company that might make you much more excited than somebody on the outside might be. Others I have not. Online peer-to-peer lending. 14.7mm in Series D.

venture capital 265

venture capital peer-to-peer capital ventures 265

Both Sides of the Table

JANUARY 13, 2011

Bijan Sabet – investor & board member in some small companies you might have heard of like Twitter, Tumblr, Boxee & OMGPOP – took issue with the whole notion that you even need a Powerpoint deck anymore. In Bijan’s post he references Bryce Roberts who recommends getting up and white-boarding. I recommend it.

VC 299

VC board pitching venture capital 299

Gust

MAY 24, 2012

By contrast, venture capital and angel investments normally take the form of Preferred Stock with rights and preferences set forth in the company’s Certificate of Incorporation and other governance documents. Options and warrants, when issued, are also typically exercisable for shares of Common Stock.

board 159

board incumbents angel investing investing 159

Both Sides of the Table

MARCH 10, 2015

If you generate outbound email campaigns to groups of potential buyers you can use SalesLoft or tools like Yesware and ToutApp to track whether people opened your emails, clicked on your links, downloaded your documents, etc. Also, you need to consider the type of investments each VC does. So understanding the stage of a VC matters.

VC 329

VC entrepreneurs investing investment 329

Berkonomics

APRIL 6, 2023

Some of you have gotten along forever without a board of directors, or used your spouse as the “other” board member from the start. But there are some very good reasons to build a great board composed of some outside members. And good board members can add real value to you and the company. Generative.

board 62

board creativity sustainability health 62