If you build a company, when negotiations happen an angel investor or a VC might want to write you a check for a percentage of your company.
Generally an investor will pass you a term sheet, this is something that is non binding but is a layout of how the company will change, what the investor expects and if it is a good term sheet will motivate the startup team to progress the company.
Some more intesting info on term sheets:
Here is a great list of VC office hours
(This is a repost from bronson.vc.)
Rolling
One day only
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Michael and I went to BootUpNYC 2009, it was a great experience, we met a number of great people doing startups and looking to do startups. There were investors, workspace providers and people providing advice. The BootUpNYC is a must for anyone starting and running a business. |
Photos of the night:
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Michael and I at the BootUp, me on the left and Michael on the right:
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David Rose, an investor whom we had the honor to chat with: |
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Tokumbo Shobowale, Chief Operating Officer of the New York City Economic Development Corporation: |
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Darren Herman, entrepreneur and digital media evangelist: |
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Sanford Dickert, a social-media consultant: |
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Bruce Niswander, an entrepreneur and consultant with over 20 years of experience: |
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Rachel Sterne, CEO of GroundReport.com: |
There are tons of great resources out there for startups, podcasts being one, I highly recommend listening to the following:
The Startup Success Podcast, Sramana Mitra and Bootstrapping
This year during internet week in New York there was a “Venture Capital Bootcamp” event. Venture capitalists from DFJ Gotham Ventures and Wilson Sonsini Goodrich and Rosati came to Columbia University and participated.
It was a great event, very informative and the presenters took an interesting approach to telling everyone about how VCs think and work.
Information on the presenters at the Bootcamp:
Check out the video of the whole talk below! The presenters go overview of the VC industry, the venture capital fundraising process, company formation types (LLC, corporations, etc.), term sheets, and what to do after investment. There’s also a discussion about whether VC funding is right for you and your business as well.
The video runs just over three hours and you can listen to the audio while working.
The slides from the event:
In doing research on pitching for capital, I came across this great video from David Rose:
(David S. Rose on pitching to VCs)
Click here for more links and info on this subject.
My name is Daniel Kivatinos, this is a place for my thoughts, ideas and things I find interesting.
I am co-founder of DrChrono.com.
