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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. But I have been in close contact with the NVCA, many of the major law firms and many of the major VC firms. Am I ineligible since I’m VC-backed? I am not claiming to be the world expert on this. shouldn’t I?

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You Can’t Rely on a VC for Your Hardest Decisions

Both Sides of the Table

*. What is the role of a VC for entrepreneurs? I suppose it can be different for every founder and for different VCs but I’d like to offer you some context on what I think it is and it isn’t. VCs have the safety of not being that person. They are unique to you and not to each other situation that VC has faced.

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What Makes an Entrepreneur? (1/11) – Tenacity

Both Sides of the Table

One of the questions I’m most often asked as a VC is what I’m looking for in an investment. I once had a debate with a prominent VC on a panel. The moderator asked the question, “if an entrepreneur writes an email to a VC and doesn’t hear back what should they do?&# This VC responded, “Move on.

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Do VC Platforms Make Sense?

Both Sides of the Table

In the VC insider baseball world a discussion has gone on about “VC platforms” over the past 5 or so years. While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros.

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First Round Funding Terms and Founder Vesting

Both Sides of the Table

This is part of my ongoing series “ Pitching a VC “ There’s a great meme developing this morning on the need to simplify funding terms and documents. They eventually took money from non-traditional VC based in the UK. Tags: Pitching VCs Start-up Advice. I have this mentality, too.

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What I did on my summer vacation: The First LP Close ($3.5mm) of Brooklyn Bridge Ventures

This is going to be BIG.

Back when I was pitching my previous startup to investors, it had never really dawned on me that they had experienced what I was going through--and that a VC firm was essentially a startup. VCs pitch for money, too. No one ever thinks about VCs having to pitch, who they pitch to, or how it works.

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Important Updates for Startups on the PPP and the CARES Act

Dream It

Expect quick loan application processing once banks formalize their processes Work with specific investors and your law firm on affiliation to address specific problematic covenants, if your company is VC-backed. What protective provisions are VC firms willing to forgo to ensure that my company doesn’t get deemed as affiliated?

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