Democratization of VCs and Investment Opportunities

The past decade has brought a lot of new investors to the playing field, myself included. I wanted to quickly jot down some of the trends I view to be catalysts and where the future may be moving towards. Not all are new as of 2020, but most are gaining steam. 1/ Venture Capital being… Continue reading Democratization of VCs and Investment Opportunities

Don’t talk to CorpDev – Part Deux

Corporate Development, Strategic Business Development, Corporate Business Development, or any other amalgamation - are likely all the same teams with small caveats. Traditionally, CorpDev’s mandate was to buy companies. That’s traditional. But it’s 2020 and we can all attest that business models have changed over the past years. These days CorpDev isn’t simply a team… Continue reading Don’t talk to CorpDev – Part Deux

Quick Backwards Valuation Methodology

There are a few ways to create a valuation when looking at a company to acquire regardless if you're an incumbent or scaling growth company debating your first acquisition. On the other hand, as a founder, you can have your FP&A team to run this as an exercise before you approach any potential acquirers or… Continue reading Quick Backwards Valuation Methodology

Navigating Termsheets

Termsheets are (1) used by founders raising capital and (2) investors looking to deploy capital. Most all termsheets are different in some slight way (unless you're using a SAFE or KISS note), they usually require lawyers, and all are time-consuming where neither party usually gets 100% of what they want. For a founder, it's about obtaining capital without giving… Continue reading Navigating Termsheets

Negotiations

Everyone has a different style when negotiating - and all of these styles lend themselves to have better outcomes depending on the topic at hand and who you're speaking to. Having experience is the best defense, but if that isn't an option there is a template I like to follow and have honed. That said,… Continue reading Negotiations

Near term M&A

https://giphy.com/gifs/lab-psychology-physiology-3oEduXcQeQCX3vwxxK What the market has been doing M&A market in the near-term is changing a little: (1) confidence is what drives deals (we've got low confidence); (2) it takes 6 months for private markets to catch up to the public markets; (3) low volatility enables an active M&A market, but currently volatility is still somewhat… Continue reading Near term M&A

Venture Deals in 2020

Since the Coronavirus was labeled a ‘pandemic’ on March 11th, over 372 startups have laid off more than 39,000 employees. The latest big announcement being yesterday with Airbnb and 25% of their staff being cut (equating to 1,900 employees), even after they just took on $2bn in debt. Airbnb also cuts deep as it's a… Continue reading Venture Deals in 2020

Startup Resources During #Covid19

I believe that the US will have more Covid19 cases than China. Its a byproduct of a country passively watching this across the seas for a month before taking it seriously. Now hard decisions are being made and more will be made in the next few weeks. Time to get over it and make smart… Continue reading Startup Resources During #Covid19

Pandemic Valuations (?)

"We've" been waiting for a market correction over the past few years and I believe it has come. Hard stop. Regardless of when this global pandemic settles, the markets won't pop back and reset to what it was. With that, I am curious where startup valuations will land. Right now most high-growth B2B SaaS companies… Continue reading Pandemic Valuations (?)

Black Swan

It seems like the VC/ startup community is blowing up over this "Black Swan" post by Sequoia. https://giphy.com/gifs/filmeditor-mean-girls-movie-3otPoLJJdKNEZQw9jy In reality, this is a pretty level headed memo. Especially if you put that against their RIP Good Times deck. The large points are: Ensure you're not running fat Prepare that your business model is about to… Continue reading Black Swan