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Praying to the God of Valuation

Both Sides of the Table

Between 2006–2008 I sold both companies that I had started and became a VC. Within 5 years I was on the board of real businesses with meaningful revenue, strong balance sheets, no debt and on the path to a few interesting exits. How’s that advice holding up? Hey, we got to raise again next year. Let’s deploy faster!

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Their first fund was a $75 million fund raised in 2006 and they very recently announced a brand new $130 million fund. Current round: $20mm in Series C by Accel Partners (Jim Breyer, board member at Wal-Mart, Dell, and FaceBook), KPCB, and DAG Ventures. Founded in October 2006 by Jonah Peretti (co-founder of Huffington Post).

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Joseph Lee, CEO of Kairous Capital, Shares His Cross-Border Investment Philosophy for the Asia Pacific Region

AsiaTechDaily

I initially worked as an analyst at a stock-broking firm until 2004 before embarking on my venture capital and private equity journey, where I made my first investments in Greater China before exiting via the London Stock Exchange later between 2005 and 2006. What qualities do you seek in start-up founders whose companies you would invest in?

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

They should heed the age old advice that raising slightly more money while you can is always better than trying to optimize future valuations. This should not be confused with raising too much money as many companies did in 2006-08. disclosure: I am thankfully no longer on this board). I only had one board with this problem.

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When Should You Allow Exclusivity in Deals?

Both Sides of the Table

Before weighing in on the subject I would point out one thing that should be obvious to many of you – the iPhone was originally launched in 2007 in an exclusive partnership with AT&T and this was vital to both Apple and AT&T and was a hard negotiation throughout 2005 and 2006.

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Want to Know How VC’s Calculate Valuation Differently from Founders?

Both Sides of the Table

When I went to raise money in 2006 I thought I knew every term in a term sheet but somehow I still got a bit duped by the option pool shuffle. After valuation in the video we went through Liquidation Preferences, Board Seats, Protective Provision, Voting Rights, Drag Along Rights, Redemption, Anti-Dilution and a few other key terms.

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A Weird and Wacky Approach To Angel Investing

OnStartups

I had promised myself I would at least enjoy grad school before "officially" jumping back into a startup and so I held off on officially launching HubSpot until the day I had my graduation ceremony (June 9, 2006). No board seats or advisory roles. Note: this is not investment advice). They require a board seat.