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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
When pitching a potential investor, it is important to understand not only what they want to hear, but more importantly what they don't. Avoid these typical mistakes that many entrepreneurs make when seeking funding from angels and venture capitalists.
Use this checklist to evaluate all of your funding options and to consider alternative sources of funding.
This resource provides a detailed overview of option pool management from the entrepreneur's perspective.
This sample term sheet for a Series A round of financing details the major points of a hypothetical investment deal for a first-round ?Series A Convertible Preferred Stock? financing.
This article provides detailed explanations of terms proposed in investor term sheets and the effects of these terms on the entrepreneur.
Have venture capitalists overlooked innovation in industries such as nanotech, biotech, medical devices, and semiconductors? A new generation of entrepreneur-innovators is succeeding in such arenas-with promises of more to come. VCs are beginning to take notice. The article offers an overview of industries and products with explanations by entrepreneurs.
Numerous factors affect how angels value a company. Primary are the strength of the management team and the size of the opportunity, or a company's potential to scale. Accompanying this article is a valuation worksheet that entrepreneurs can use to better understand what investors look for and to identify factors that can justify higher pre-money valuations. Investors will find it useful to compare companies and determine whether valuation should be higher or lower.
This exceptional article offers insightful explanation and key details of how angel investors determine valuations, why entrepreneurs and investors often have different perspectives for angel returns, and what steps angels and entrepreneurs can take to quickly find common ground on this critical topic.
Investing in seed and startup companies is extremely risky: Angel investors typically realize about 85 percent of their total portfolio returns from 15 percent of their portfolio companies. Consequently, angels look only for companies that can grow rapidly. Entrepreneurs who pursue less aggressive growth are unlikely to attract angel investors.
This informative piece explains a well-known method that venture capitalists use to determine "post-money valuation," which is a company's valuation at the time of investment. Perhaps more important, it provides valuable insights into why the returns expected by investors are often perceived as "too high" by entrepreneurs.
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