VC Unlocked Deal Camp - Day 2
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Some takeaways that I note (just to mention a few from many):
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Trying to protect the downside does nothing with enhancing the upside. So why don’t we focus to enhance the upside instead?
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“It’s not the investor’s job to do founder’s job! If they make you to do it, fire them!!” HELL YEAH!!
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Investors are NOT interested in interest. We dont care of getting our money back either. We care and interested in multiplying it.
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What if the company gets acquired when all we have is just Convertible Notes? Two options:
1. Get money back (by multiple)
2. Pro Rata (convert to common, # of merge money based on # of ownership in company)
Whichever you get the better of the two above.
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ALWAYS negotiate the rights to participate in the next financing round.
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How to valuate a company even when there’s no traction yet?
- market size
- composition of team
- founders experience
- team background
- how much capital
- etc.
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#nutstudy #nutshares #nutstyle #nutslyfe #nutsinberkeley #us #nutsinus #berkeley #dealcamp #vcunlocked #berkeleylaw (at Berkeley, California)
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