Posted by IPOorBust on 2018-02-10
We raised our A round led by Amish and FirstMark. Due diligence is not for the faint of heart. You probably will not be examined this deeply by others even at B or C round. I have been through M&A due diligence and it was easier.
Amish will also beat you up on terms. He is a shark, this is his business, his team is no joke, and considering he sits on boards of 18 companies, he is better at this funding biz than you will be. Suit up, have a good fight on what really matters, and plan to make back what you were beat up on later down the road.
Now that A round is way behind us, I can tell you that his help, and that of his team, is worth it. He has "nose in hands out" style. He will ask a ton of questions, he will be right there to look at every detail of strategic decision and make sure you aren't missing anything. He will question your data, he will question your hypothesis, his right hand man David is at maniacal level with details. And I have learned to really appreciate it. Amish and his crew have immense impact on our business. He will push you to upgrade your skills daily, he will call you out on your BS, but the context of it all is why you need to grow thicker skin and bigger ears - he is a kingmaker. Look at his track record, it speaks for him.
Also, look at FM team. Not your usual viagra crowd. Everyone from associates to partners - top notch.
Also, come rain or shine or snow, he will be at your board meeting, he will come prepared, and for those couple hours your company is the only thing that exists for him and you have all of his attention, skills, and experience at your disposal. No answering of texts or emails, no taking phone calls, etc.
Posted by Anonymous on 2010-03-04
was contacted by an associate at what is now firstmark. Went through a phone call with said associate and was promised fast response by end of week on whether they would want to move to next stage and have us present to the partners.
Considering they contacted us an answer in my opinion on whether we would take next steps is deserved. After a follow up email a week past the promised response date we have yet to get any kind of response from firstmark.
I don't mind not getting a response, so long as there is no expectation of getting a response.PRIVATE: Members Only
Posted by Anonymous on 2009-12-21
Initially spoke with Jason and there was interest. Was going to be in NYC anyway, so stopped by their office and met with Rick to talk about our business plan. They were able to squeeze me in which was great and both were attentive during the presentation. Unfortunately as a West Coast based company, they were more likely going to be follow-on investment. Jason seemed to be pulled in multiple directions and unfortunately was afraid to make the bets to tell Rick to champion our investment by the year's end. No worries, we got our investment from another fund, but the apprehensiveness of associates is a little worse in New York.PRIVATE: Members Only
Posted by Anonymous on 2009-08-29
We were approached a few months ago by Jason Yeh, after he read about our company in a business maganize article. We sheduled a conference call with my team in which he never showed up and called me later to apologize. We had a chat then and I later emailed him our business plan. After that, he never even responded. I sent him one email a week later, to get some feedback from him but no response. The best part is, we were not even actively looking for funding at that time.PRIVATE: Members Only (119 Characters)
Posted by davenelsen on 2008-10-14
Posted by Anonymous on 2008-04-04
They contacted us. We set a phone conference. When it came time to demo, they couldn't watch because their PC was running Windows 2003. C'mon NY. It's 2008, already. Haven't you seen the broadband adoption numbers" Time to step into the 21st Century and be able to judge deals with technology for streaming video, AJAX, and other broadband enabled software. Sheeesh!PRIVATE: Members Only (142 Characters)
Posted by Anonymous on 2008-03-05
They have very nice associates who actually care. Yes, they will read your business plan. If you find the right associate, she will read your entire business plan. VC's are human too.PRIVATE: Members Only (271 Characters)
Posted by sbesmertnik on 2007-09-24
Going with Pequot Ventures has been a solid choice for our early stage venture. Our partner, Amish Jani, adds ego-less advice and guidance, and they are very focused on creating long term value. We would go straight to Pequot for subsequent rounds for our current venture and for any other ventures. Feel free to ping me for more feedback.PRIVATE: Members Only (49 Characters)
Posted by Anonymous on 2007-08-13
Decent firm and some very smart successful people. But you better be prepared to listen to their direction or risk your job. Deborah B is very agressive, which is both good and bad. This is a true NY firm so you better be able to handle it.PRIVATE: Members Only
Posted by Anonymous on 2007-08-13
Pequot ended up not investing in us, but I think they are a quality firm.PRIVATE: Members Only (476 Characters)
Posted by Farlington on 2007-08-07
Initially showed high interest but then went radio silent. Bernstein cancelled twice and tossed a third meeting to an associate - was told by assistant she was out of town but saw her walking the hallway. IF you can get her engaged prepared time - she is solid. Be warned: she is arrogant, New York arrogant.PRIVATE: Members Only (80 Characters)