There is another type of term sheet that is important in an entrepreneur’s life—the letter of intent (LOI). Hopefully, one day you’ll receive one from a potential acquirer that will lead to fame, riches, and happiness. Or at least you’ll get a new business card on heavier card stock. Typically the first formal step by […]
As we enter the home stretch of the book, we spend some time talking about financings at different stages of the life of a company. Not all financings are created equal. This is especially true when you factor in the different stages that your company will evolve through over its lifetime. Each financing stage—seed, early, […]
Question: One thing that I think would be incredibly helpful would be to have a spreadsheet showing how a cap sheet evolves under a set of financing rounds with the important variables parameterized so we can play with them. Having spent the past 15 years trying to come up with the definitive spreadsheet model for […]
Monday is a tough day to be a VC blogger because you are competing with Fred Wilson’s MBA Mondays series. Fred once again delivers with his post Financing Options: Capital Equipment Loans and Leases. In this post, he talks about ways to finance your capital equipment without using cash from your equity financing, which is usually […]
Every book we’ve ever read has mistakes in it. Ours is no exception. We tried hard to get everything right, and say it clearly, but we know some errors snuck in. We’ve created an Errata page on this site. Whenever we find an error, or someone reports a mistake, we’ll put it up on the […]
While most people ask themselves “What should I do?” when seeking VC financing, there are also some things that a person should not do. Doing any of the following at best makes you look like a rookie (which is okay, we all were rookies once) and at worst kills any chance that you have of […]
Get in touch using the form below.