One of our investors invited me to attend their annual retreat, which occurred this weekend. They asked me to speak about VC trends and investment themes. This investor has a very unique and special structure. Basically a number of very wealthy families came together and jointly hired an elite investment staff to invest their capital
This is the sixth post in a Friday series on “raising VC money”. For the list of topics we are covering, click here. In this post, we’ll focus on “how to negotiate a VC term sheet.” Let’s say that after interacting with a VC, you’re at last invited to the all-critical partners’ meeting (more here)
Foundry’s Seth Levine recently had a great blog post about what can happen when VCs do too many seeds (more here): I’m seeing an increasing number of Series A pitches where a company has at least one venture investor in its seed, the business is very clearly doing well and where the entrepreneur is simply
Flybridge’s Michael Greeley has a great write-up on newly-released data from the National Venture Capital Association (click here). In particular, he writes about the seed market: “End of the Great Seed Experiment” which is something I have been saying for the better part of a year – there was only $141MM invested in 53 deals
We made a new investment in Cloze and really like founders Dan Foody and Alex Cote. More here.
This is the fifth post in a Friday series on “raising VC money”. For the list of topics we are covering, click here. In this post, we’ll focus on “how to handle the VC partners’ meeting.” It is a unique meeting. It’s a smaller version of pitching the Supreme Court. So, you’ve done some research