TheFunded.com Open Letter
Posted by Marc Huey on 2010-09-09
Found Across The Web:
The Story of Backblaze 'Almost Being Acquired' [Founder Insight]
Gleb Budman, CEO of Backblaze writes an awesome and transparent post on their story of 'almost being acquired'. He shares his whole story, in detail, walking through the acquisition process, dealing with competing offers, how the deal fell through, and breaking down what he's learned. - Backblaze Blog
The VC Seed Investor Signaling Problem [Founder Insight]
Brad Feld addresses "the signaling problem" created when VCs make a seed investment, but decide not to follow-up and participate in the subsequent round of financing, thus creating a negative perception for future investors. He highlights one large VC firm's approach to this problem which is "sell[ing] [the shares] back to the founders, the company, or the angels at somewhere between $1 and [the VC firm's] cost." - FeldThoughts
Addressing Stock Options [Founder Insight]
Mark Suster discusses how to portray and address stock options with your employees and your founding team. Ultimately, he advocates transparency and notes, "there is nothing worse than an employee who wakes up one day feeling duped." - Both Sides of the Table
Great Discussions on TheFunded:
Common Questions Answered For First Time Founders - The starting point of launching a company can be very difficult and exciting at the same time. A member of TheFunded poses preliminary questions for launching a startup including rules on incorporation, par value of common stock, and TheFunded's "Class F Share."
Date/Location: Sep. 24th – New York / Sep. 28th – Seattle / Oct. 23rd – San Francisco
Description: BizTechDay is a event where inspiring entrepreneurs share impactful business idea sand technology strategies. It is where you will meet someone who will change your business.
Date/Location:Septmeber 30, 2010 - San Francisco, CA
Description: Mobilize 2010 will bring together the thought leaders of the mobile web ecosystem for discussions, demonstrations and debate. This year's event will detail how the adoption of mobile computing and the availability of connectivity everywhere have changed the landscape for innovation. Use code 'THEFUNDED' to get $100 off tickets.
Date/Location: October 21, 2010 – Mountain View, CA
Description: See pioneering "super angel" Mike Maples Jr., and pitches from 10 promising start-ups at the 5th Founder Showcase - Silicon Valley's premier startup pitch and networking event. Use code 'invitediscount15' to get 15% off tickets.
Date/Location: October 25, 2010 – San Francisco, CA
Description: At FailCon, join over 400 founders, investors, executives, developers, service provides, and press as we share tips and tools to avoid, prepare for, and recover from the most common startup mistakes. Get 10% off with the code '10Founders'