Question: What preferences do venture capitalists have for different possible states of incorporation? (Jason) Most venture capitalists have 3 preferred states: Delaware, whatever state the company is in and whatever state(s) the VCs are located in. I’ll spare you the longwinded legal answer (I actually had a class in law school that was all about […]
Will Herman has an excellent post up describing At A Glance Financial Information that should be in every board package. As a special bonus, Will included a link to a Google spreadsheet example.
For those of you VCs following along at home, Paul Kedrosky has just published his Top 10 Limited Partner Lies. It nicely complements Paul’s Top 10 VC Lies. I see a future for Paul on The Letterman Show.
Clearly, the Supreme Court read my patent rant. Okay, maybe not, but I’d like to claim that they did. As many of you know, I have a real issue with the entire patent litigation system. As many of you also know, Brad and I are huge proponents of invalidating software patents, in general. We feel […]
Chris concludes our series on board packages. Chris, take it away… Now that I’ve given you an outline to what I think makes a good board package, I’m going to exercise my VC prerogative 🙂 and immediately caveat that advice. In my mind, the trick to effective board packages is less about the outline of the […]
If you read our term sheet series, you know that we spent a fair amount of time discussing liquidation preferrences. Jesse Fried and Brian Broughman, a professor and graduate student at Berkeley, respectively, recently published a paper about the emergence of common stock carveouts and some of the reasons why they belive venture capitals are […]
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