How many warm Micro VC introductions does it take to get you to series A?

Yesterday at the #PreMoney conference the most frequently mentioned strategy for deal flow among venture capitalists was the “warm introduction” from an entrepreneur or an earlier stage investor. Since the easiest filter was someone’s capability to both judge you and your idea, most investors were looking for a “previously vetted” opportunity. That did not mean … Continue reading How many warm Micro VC introductions does it take to get you to series A?

What should a series A funding process look like? Step 5: due diligence and transfer of money to the bank

Please read series A funding plan and strategy, the first step of the process – the introduction to an investor, the 2nd step – first meeting and follow up, step 3 – present to the partnership, step 4 – Negotiations and Legal Discussion and now the final step: the due diligence and money transfer. After the investor offers your a term sheet, … Continue reading What should a series A funding process look like? Step 5: due diligence and transfer of money to the bank

What should a series A funding process look like? Step 4: Negotiations and Legal Discussion

Please read series A funding plan and strategy, the first step of the process – the introduction to an investor, the second step – first meeting and follow up, step 3 – present to the partnership and now onto Step 4 – Negotiations and Legal Discussion. Congratulations, you have achieved what nearly 95% of startups (anecdotal evidence) wont end up … Continue reading What should a series A funding process look like? Step 4: Negotiations and Legal Discussion

What should a series A funding process look like? Step 3: presenting to the partnership

You have a series A funding plan and strategy, the first step of the process, the introduction to an investor, the second step the first meeting and follow up, now its step 3 is to present to the partnership. Most times this step is hard to get to. Getting to this step means the key partner who is … Continue reading What should a series A funding process look like? Step 3: presenting to the partnership

What should a series A funding process look like? Step 2: The first meeting and follow up

Once you have a series A funding plan and strategy and also the first step of the process, the introduction to an investor, the next step is to prepare for the first meeting and follow up. Since you got an email from the investors admin, I’d recommend meeting investors either on Thursday or Friday.   Typically the … Continue reading What should a series A funding process look like? Step 2: The first meeting and follow up

What should a series A funding process look like? Step 1: The introduction

Once you have a series A funding plan and strategy the next step is to have a defined process to make it easy to scale. Most developer CEO’s dont quite like the word “process” – which usually means repetitive and bureaucratic. In this post I’ll try and outline how you can use process to scale and … Continue reading What should a series A funding process look like? Step 1: The introduction

What does a series A funding strategy and plan look like?

This post is the first in a series that I am planning to do on fund raising. I have successfully raised money 3 times (to a total of $29 Million – series A, B and C) and failed twice (once trying to raise $2 Million series A and second time $3-$5 Million series B). As … Continue reading What does a series A funding strategy and plan look like?

Best Practice for Customer Communities: Facilitate Social Networking with Leverage Software

I reviewed a very good demonstration of Leverage Software and its social networking on-demand offering version 5.5. Kate Swanson, Senior Sales Executive of Leverage Software, who has been with the company since Aug 2005 showed their customers’ implementation of the system; InfoWorld IT Exec-Connect .First some facts about the company:1. Founded in 2003, by Mike Walsh and Joe Kleinschmidt. 2. Privately held, venture backed (June 2005, was their series A; Investors include Halsey Minor and his OnDemand Venture Capital Fund and John Stanton, a financial services entrepreneur and executive)3. Based in San Francisco the company has over 150 customers …

How to leverage Moving Averages to confirm a SaaS company’s traction?

On Tuesday I had a chance to talk to 23 entrepreneurs who were selected to participate in the Microsoft Accelerator Jury selection for cohort 4 at the Seattle Accelerator. The companies were all advanced stage (ready for a post seed or Series A round) with an average of $1.5 Million ARR (Annual Recurring Revenue). One … Continue reading How to leverage Moving Averages to confirm a SaaS company’s traction?