Jason Calacanis just published a good post on the changing definitions of Seed, Series A, and Series B investment. I’m going to quote his definitions in full:
2004 definition — Pre-funding: You talk about your idea & write a business plan. — Seed Round: You build a prototype of your product. — A Round: The funding […]
I was scheduled to give the embedded presentation in one minutes time to the London School of Economics SU Alternative Invesments Conference but they are running late, which gives me a chance to put it online. You saw it here first
This will be the second time in a week that I’ve presented […]
Over the last couple of days a lot of people have been linking to Jerry Neuman’s great essay on the history of venture capital. It’s US focused, starting when the venture industry started in the 1970s and analysing all the up and down cycles of investment and returns since then. It’s a long read, but […]
Here in the UK we’ve been working away building our startup ecosystem for 15-20 years (just 15 years for me) and it’s only recently that I’ve felt we are finally reaching critical mass. That’s a subjective assessment combining strength and depth of the angel and VC markets, number of quality investment opportunities, number of […]
The ever excellent CBInsights just released new data on the time between rounds. As you can see from the chart above year to date in 2014 the median time between seed and Series A has been 349 days and that’s been reasonably consistent over the last couple of years. If the median time is […]
YC interview advice: 3. Have the calmness that comes from knowing you’ll succeed regardless.
— Paul Graham (@paulg) November 13, 2014
Reading this tweet from Paul Graham I immediately thought that this is great advice for multiple situations, not just YC interviews. Job interviews are one such other situation. Negotiations are another – knowing you […]
There’s a new report out on the impact of high growth small businesses on the UK economy. Last week I wrote about some new research showing that nearly all job creation in the US comes from young companies and concluded by saying it would be great to see some similar research in the UK. […]
In the last year we have had new investors lead rounds at about ten of companies (including two that are about to complete). In every case we are happy our new partners have come on board, but there were some processes that went better than others.Here’s what I think makes a process a good […]
The post below first appeared as a guest post by me on the Web Summit Blog
If you ask most VCs what they look for in a startup they will say great team, great product and great market. Then, if you press them for more detail most will say that for them the team […]
The table below was published by Martin Prosperity. The data is for deals of $5m-200m from 2010-13 and hence excludes lots of deals that are included in other studies which show a much larger market.
Given that San Francisco and San Jose/Silicon Valley are effectively one market the right way to think about this […]