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The VC Inclusion Clause #MovingForward

Both Sides of the Table

If you’re an entrepreneur who would like to see this clause in more startups please ask your VC to include it in future term sheets and link to it from their home page. “We We strive to invest in companies that are consciously working to create a diverse leadership team?—?one Ours is: upfront.com/inclusion.

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Telegraphing

A VC: Musings of a VC in NYC

I recall when my partner Brad and I were raising our first USV fund, back in 2003, and potential investors wondered about my blogging habit. They asked if I was making a mistake telegraphing our investment thesis for everyone to see, including our “competitors.” And that turned out to be the case. And she explains why.

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I’ve Moved Onchain

A VC: Musings of a VC in NYC

I started out in September 2003 at avc.typepad.com but moved to avc.com a few years later. And, as you may know or suspect, USV has invested in both of them and now will be a major shareholder in the merged company. I’ve blogged at AVC.com for a very long time. AVC.com has been my home for blogging for over twenty years.

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Keeping It Simple

A VC: Musings of a VC in NYC

Investing is humbling. At 60, with 35 years of venture investing experience, I still get most things wrong. I bought Bitcoin and went about finding a Bitcoin investment to make. I met Mena Trott at a Nick Denton party in NYC in 2003 and she explained blogging to me. We publish our investment memos for the world to see.

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How to get superior returns in VC

David Teten VC

He looked at his resume, and asked just one question: “ What’s your edge? ” My friend got the job because his answer was differentiated, credible, and backed up by a history of investing success. Traditional venture investing is challenging. What VCs most typically talk about are: – Industry expertise. – Network.

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Bad Notes on VC

Gust

Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. Me: So, who was willing to invest in that? At an accelerator ….

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FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

TechCrunch

Morgan, Gaingels, BMO Technology & Innovation Banking Group and Manulife also participated in the equity investment, along with platform partner and new backer Barclays. In 2003, FreshBooks’ co-founder Mike McDerment was running a small design agency. Canada’s startup market booms alongside hot global VC investment.

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