Equity is Not Candy
Equity can get doled out in early days like candy thrown from a parade to anyone and everyone because that’s the only currency that founders can afford to pay. We see the following situations occur more than we like...
Wait, What Do You Do? (Your Startup Value Prop Better Be Simple)
Put simply, one’s “value proposition” is the reason why your product works. When an enterprise or consumer initially encounters your product, their immediate reaction will tell you if you have something that is special or just another interesting idea.
Founders Are Not Deals To Be Done
The venture capital vernacular has been around for decades. Round sizes morph (“old” versus “new” Series A) and new classes emerge (“super angels” and “micro-VCs”) but I continue to hear some investors talk like this...
Exploding Term Sheets (Sign or We’re Done!)
I’ve heard some recent stories of short-fused expiration dates on term sheets for competitive rounds. No, this doesn’t mean we’re in a bubble but it does signal a lot about these investors.