Defining a “Fair Deal”

22nd June, 2017 No Comments Blog , Fundraising , Startups , Venture Capital

I was recently asked by a new entrepreneur for thoughts on “fair terms” for a preferred equity financing.  I have been through the negotiating process for a new round, as the new investor and as a company representative, many times, but admit I had never written down how I think about what is “fair” concerning […]

Startup Valuations

5th March, 2017 No Comments Fundraising , Startups , Startups , Venture Capital

Valuation – the monetary value of a company – is the source of much worry on the part of the typical entrepreneur.  But it need not be such a tremendous stressor.  Certainly, valuation matters, but, for early-stage startups, it is much less a reflection of intrinsic value or accomplishment and much more a product of […]

CoVenture Annual Letter to Investors

3rd February, 2017 No Comments Blog

For the second year, we at CoVenture sent a year-end letter to our limited partners.   We’re sharing it here, with only confidential information edited out.   To our investors and friends, As we kickoff 2017, we want to take this opportunity to look back on another eventful year for CoVenture. We also want to share […]

Randy Pausch on Time Management

13th August, 2016 No Comments Blog

Randy Pausch was a professor of Computer Science, Human-Computer Interaction and Design at Carnegie Mellon University.  He co-founded CMU’s Entertainment Technology Center and founded the Alice software project, a precursor to Scratch, Vidcode, and other software programs intended to teach coding skills. In September 2006, Professor Pausch was diagnosed with pancreatic cancer.  In August, 2007, […]

Approaching Users with Your New Product

28th June, 2016 No Comments Blog

Venture investors and people who invest in venture firms and startups often quote Wayne Gretzky:  “I skate to where the puck is going to be, not where it has been.” This is a useful analogy for the goal of a startup as well as an investor, but it’s imperfect.  It suggests waiting in the “right […]