On day two of our romp through the table of contents of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist, we cover the various players involved. While it might seem like there are only two players in the financing dance—the entrepreneur and the venture capitalist—there are often others, including angel investors, lawyers, and mentors. Any entrepreneur who has created a company that has gone through multiple financings knows that the number of people involved can quickly spiral out of control, especially if you aren’t sure who actually is making the decisions at each step along the way. The experience, motivation, and relative power of each participant in a financing can be complex, and the implications are often mysterious. Let’s begin our journey to understanding venture capital financings by making sure we understand each player and the dynamics surrounding the participants. Venture Deals: Chapter 1: The Players | Ask The VC
Venture Deals Is Officially Released | Ask The VC
Q: I have read the your article on typical compensation for senior management of venture backed companies. There was no mention of severance and length of contract terms. Can you opine? A: (Jason) Most everyone in the startup world is an at-will employee and does not have an employment contract. What Are Typical Employment Contract Terms and Severance Benefits for a Startup? | Ask The VC
In Chapter 2 of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist, we cover the basics of the VC fundraising drill. Your goal when you are raising a round of financing should be to get several term sheets. While we have plenty of suggestions, there is no single way to do this, as financings come together in lots of different ways. VCs are not a homogeneous group; what might impress one VC might turn off another. Although we know what works for us and for our firm, each firm is different; so make sure you know who you are dealing with, what their approach is, and what kind of material they need during the fund-raising process. Following are some basic but by no means complete rules of the road, along with some things that you shouldn’t do. Venture Deals: Chapter 2: How To Raise Money | Ask The VC
Venture Deals: Chapter 3: Overview of the Term Sheet | Ask The VC Chapter 3 of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist is a transitional one that sets up the next few chapters on Term Sheets. At the end of 2005, we participated in a financing that was much more difficult than it needed to be. All of the participants were to blame, and ignorance of what really mattered in the negotiation kept things going much longer than was necessary.
I backed a couple Kickstarter projects this week and I thought you ought to know about them. The first is from Josh Harris. Yes, the Josh Harris who was one of NYC's most notable entrepreneurs in the mid and late 90s. Two Kickstarter Projects You Should Know About
FinancerSaBoite est une plateforme de mise en relation entre des investisseurs et des entrepreneurs franciliens cherchant des fonds propres pour financer la création et le développement de leur activité FinancerSaBoite est un projet initié par la Région Ile-de-France et mis en œuvre par le Centre Francilien de l’Innovation. Vous êtes un entrepreneur, votre société est basée en Île-de-France et vous cherchez à lever des fonds : FinancerSaBoite vous propose une plateforme reposant sur le principe de la qualification par des acteurs de l’accompagnement des TPE et des PME en Ile-de-France : L’Univers est composé de 11 communautés animées par des opérateurs du développement économique et de l'innovation en Ile-de-France. En rejoignant une communauté reconnue dans l’éco-système, vous bénéficiez de sa qualification et vous accroissez ainsi très fortement vos chances de lever des fonds.
Pause Vos besoins, nos solutions bpifrance accompagne et finance le développement des entreprises : amorçage, conquête de marchés en France ou à l'international, fonds propres, trésorerie, innovation, croissance... Actualités
Investisseur en capital-risque, Ventech s'associe depuis 1998 avec les meilleurs entrepreneurs dans les secteurs des Technologies de l'Information. Avec plus de 360 M€ sous gestion,
ISAI is the French internet entrepreneurs’ fund. It was founded by Pierre Kosciusko-Morizet (PriceMinister), Geoffroy Roux de Bezieux (Virgin Mobile), Stéphane Treppoz (Sarenza) and Ouriel Ohayon (ex TechCrunch.fr) and it is managed by Jean-David Chamboredon (CEO of ISAI, ex- 3i), Christophe Raynaud (COO of ISAI, ex-Paris Business Angels) and Pierre Martini (ex- 3i). ISAI invests via 2 investment vehicles: - Early-stage post-seed Venture: leads rounds ranging from 500,000 to 1.5 million euros in young internet companies that pass rigorous selection criteria ; - Small cap Private Equity: leads transactions from €1m to €5m in profitable internet businesses (growth capital, acquisition financing, single asset secondary, owner buy-out...).
Venture Capital / Funding