"Unlimited Upside....??"
TheFunded.com Discussion
Posted by Anonymous about 11 hours ago
VC Funds to Acquire Ip?
TheFunded.com Discussion
Posted by Anonymous about 24 hours ago
Consult, but Retain Ip?
TheFunded.com Discussion
Posted by Anonymous 1 day ago
Off the Fence?
Fund: Intel Capital
Posted by experience 1 day ago
Best Feedback in Town
Fund: New Vantage Group
Posted by Anonymous 1 day ago
I pitched to the D'Arch Angels group in 2008 and 2009 during our fundraising process(es). After the first pitch in 2008 we made some progress both with development and raising government funds so we went back to them in mid-2009 to pitch again. We were ultimately turned down but the experience was extremely valuable. The investors didn't seem very interested, but asked really good questions, which helped us refine our pitch.
The experience in 2008 was really frustrating. Everything had to go through the Sr. Associate, Sam, who was really unresponsive but strung us along enough for us to think they were interested in further meetings.
The experience in 2009 was much better. By that time a new Sr. Associate, Dan, had taken over Sam's position and was genuinely interested in our presentation. He reviewed our materials in advance of the pitch session so that he could give us advice prior to the meeting to ensure we were very prepared. Prior to the pitch meeting we asked him where he thought our weaknesses were, and he was very candid about needing to address some holes in our management team. He also indicated that our schedule slips from 2008 to 2009 were concerning. By providing the feedback we were prepared to address these issues during our formal presentation. Following the pitch at NVG I pitched to a number of other investors in the area (it was 2009 and no one was investing anyway) but no one gave us the kind of feedback Dan did. Although they didn't invest, he was very clear about telling us why and did not string us along as everyone else in town did. Because of Dan's straight-forwardness, I'd definitely considering working with them in the future if I have a new company to fundraise for.
PRIVATE: Members Only
There for the Long Haul
Fund: Western Technology Investment
Posted by Unimatrix001 1 day ago
In 2007, we solicited proposals from multiple venture debt firms. WTI was responsive, straightforward to deal with and negotiated terms in a two week period of time. Diligence was also straightforward. They had higher warrant coverage than some, but most importantly, they had no cash covenant. When we needed to suspend principle repayment for a period of time in 2008, WTI was again responsive. They stood by us. The restructure was complete in about two weeks. We have repaid the debt fully and early. Relationships never got tense -- they were straight, fair, tough. Excellent partners.
Maurice Werdegar in particular is terrific. He understands his business thoroughly AND understands the cycles of venture backed companies. I’d definitely go back to WTI again. Highest recommendation.
PRIVATE: Members OnlyConvertible Note Terms What if There is No Funding Event?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-12
US Central BioTech/Health Flat Round Terms
TheFunded.com Terms
Posted by System on 2010-03-11
Best Buy Capital?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-11
Expected Return on Their Investment.
Fund: Javelin Venture Partners
Posted by experiencedentrepreneur on 2010-03-11
Potential Scammer
TheFunded.com Discussion
Posted by Anonymous on 2010-03-11
Company Initial Share Structure? 100 M?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-11
Liam Donohue is the Nicest Guy in Venture
Fund: 406 Ventures
Posted by Anonymous on 2010-03-10
I've been working with Liam for a while and have found him to be a true partner. He's incredibly nice, always generous with his time, and consistently supportive. He seems to have a knack for pattern matching with previous experiences and is impressively perceptive in dealing with subtle aspects of tough problems. Adds a ton of value. Knows the energy, healthcare, and education spaces well.
PRIVATE: Members Only (457 Characters)New to the Game Need Help
TheFunded.com Discussion
Posted by Anonymous on 2010-03-10
Personal Bankruptcy: is It an Option?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-09
Women's Health Interest
TheFunded.com Discussion
Posted by Anonymous on 2010-03-09
Hiring a CTO: Equity Grant
TheFunded.com Discussion
Posted by Anonymous on 2010-03-09
Should I Talk to DFJ Frontier if DFJ has a Conflict?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-09
Primera are Not Only Experts but Also Great People
Fund: Primera Capital
Posted by YarivD on 2010-03-09
Primera helped us grow the business from the very early stages and up to the breakeven point almost three years later.
A few attributes that made them a perfect partner all these years:
- They move fast when needed and fair when negotiated with
- From the ongoing inputs, to the incredible contribution to our board – they are true professionals.
- Extremely well connected and don't hesitate to use their network when required.
But most important, they are not only experts but also great people.
I would recommend Primera above all other VCs I’ve dealt with.
Taking an Advisor to a VC Meeting
TheFunded.com Discussion
Posted by Anonymous on 2010-03-08
Could We Have a Section Open Regarding Advisors?
TheFunded.com Discussion
Posted by Anonymous on 2010-03-08
Sharon Wienbar Great Insights on Web 2.0 Business Models
Fund: Scale Venture Partners
Posted by Anonymous on 2010-03-08
I have pitched both Rory and Sharon at Scale (and back at B of A). I have always found them to be straightforward, smart, and not time wasters. Sharon in particular has been focusing on SaaS, social networking and other web 2.0 concepts for years. She provided me with good insights into how VCs evaluate SaaS metrics (this was a few years ago before there was broader agreement on the topics). Sharon has also made introductions that have helped us advance our business, and helped me network (and this was even though my business at that time did not fit their model). Sharon's success and support from entrepreneurs is indicative that she has treated many others the same way.
PRIVATE: Members Only (338 Characters)Fast Moving, Well Connected with Deep Pockets
Fund: S3 Ventures
Posted by Callvine CEO on 2010-03-08
I found S3 to be quick to offer feedback and very hands-on in a helpful way once they've decided they like the market and the company. They are not a big organization, so they are fairly picky and the deal must hit one of their sweet spots, but they are a quick study and I found their direct communications and straight-shooter style to be far superior to many other VC's. They are not just another small Austin fund that piggybacks on other VC fundings as they have strong operational experience, deep connections and access to serious capital resources without the hidden agendas or committee decision making that often come with larger funds.
I would strongly suggest technology and medical entrepreneurs looking for capital in the region approach S3 in addition to others.
PRIVATE: Members OnlyNy Seems to Be Less Hidebound
TheFunded.com Open Letter
Posted by carlwimm on 2010-03-08
Everyone
I am starting to like the NY Times more and more, here is another article on NY VCs.
http://www.nytimes.com/2010/03/07/tec...
What really intrigued me about the NY scene was the different attitude of some of the VCs over there. Here is a cut and paste of the critical part:
"Dogpatch, which opened in January, offers start-ups a place to work, rent-free, for several months, along with the possibility of securing an investment down the line."
Note : "Dogpatch" is not the only one who is seemingly doing this.
They provide a forum where de-risking of the start up takes place. And that is what is needed so terribly in the Valley. I don't know of many Valley VCs who do it.
Now, what "Dogpatch" offers only goes part way. A place to rest while you do the ground level investigation. What the NY VCs don't seem to do is advance a 250,000 cheque and then a 500,000 cheque to really ground the business.
De risking a business is more than just putting a business plan together on some mashup idea. It involves proofs of concept, IP, business case development, marketing channel development, monetization development, team building.
And that 250,000 is real venturing. (so too, may be the 500,000 cheque after that).
You won't really know that you really have something until a good 6 months to a year of time has gone in, along with 250 to 750 in hard money.
Any idiot can finance a MSFT after it has a whole bunch of customers. The problem for the "idiots" is that by then it is too late.
At that point, the start up has 50 options and can afford to "digitally signal" ... "those who wait and wait and wait" .... that they are number one.
Real VC work will involve building a de risking capability as part of the fund.
The times .... they are a'changing.
best wishes
Jon Callagan Could Sell Ice to an Eskimo
Fund: True Ventures
Posted by Cowboy on 2010-03-08
Jon Callagan has an almost unnerving level of charisma and charm. Not fake charisma either. He's a genuinely down to earth, likeable guy. And smart too!
PRIVATE: Members Only (186 Characters)

Dogpatch charges rent in other locations outside the Bay Area. The program is an optioning scheme for polaris to identify more dealflow trends and opportunities with less cash. It would be like movie studios having free offices for screenwriters.
However, I do like the way they look at it as "open source" entrepreneurship.
Dogpatch charges *a lot* for desk space in SF, and it really is a "frat house for startups". If you want to start your company in a frathouse, then it may be a good choice. However this is not for everyone.