Writing about Ted Wang’s “simple series A” reminded me of this idea I came up with years ago. One alternative to drafting that I’ve always liked: “check the box” forms.” During any moderately stable period in Silicon Valley, certain terms become “market,” meaning that there’s little real dispute about them in substance and only some…
This article on a simpler approach to smaller Series A venture capital financings was written by Ted Wang, a partner at Fenwick & West, a well-known Silicon Valley law firm. Caveat: Ted and I worked on a deal several years ago where he represented the investors and I the company. So, my opinions of Ted’s…
This recent Seth Godin post was another timely suggestion from Seth. (My probable #1 reason for subscribing to his blog is that he seems to really have a finger on the pulse of what is going on, with timely, succinct, no-fluff posts on issues that are popping up for me in the days right before…
Over on LinkedIn, this question caught my eye: How much do founders get diluted through exit? This isn’t a new question.I regularly answered it for founders, employees, and even angel investors during my time at Brobeck in Silicon Valley. There are lots of people concerned about “dilution” without really knowing what it is. Dilution means…