Topic · 7 of 84 articles

Fundraising articles on diligence

Diligence is where deals go to die quietly. Read here for what investors actually verify, how to prepare a data room that accelerates rather than stalls, and the diligence red flags that have killed otherwise done deals.

Feld Thoughts·August 2005 ·10 min read

Term Sheet Series Wrap Up

Index to Feld and Mendelson's 2005 series explaining every clause of a VC term sheet: liquidation preferences, anti-dilution, protective provisions, drag-along, and which terms actually matter. Later became the book Venture Deals.

Term SheetsValuation & DilutionSeedHow-To
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Y Combinator Library·2019 ·20 min read

How to Raise a Series A

Distilled from YC's Series A program data: how A rounds actually happen, why 'we'll preempt you' conversations mislead founders, benchmark metrics, and running a deliberate A process instead of drifting into one.

Raise ReadinessFundraising StrategySeries AHow-To
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Coding VC·2016 ·15 min read

How to De-Risk a Startup

Polovets enumerates the specific risks investors price (team, market, product, execution, financing) and concrete actions that retire each one, reframing fundraising as selling reduced risk at increasing prices.

Raise ReadinessStorytellingPre-SeedHow-To
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Holloway·2019 ·300 min read

Holloway Guide to Raising Venture Capital

A book-length, edited, citation-heavy reference on the entire venture fundraising process, from instruments and terms through negotiation and close, reviewed by dozens of practitioners.

Fundraising StrategyTerm SheetsPre-SeedHow-To
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hunterwalk.com·March 2017 ·4 min read

A Question About Risk That Founders Forget to Ask VCs

A short, sharp diligence-reversal tactic: ask every prospective investor 'what's a risk you're more comfortable with than the average VC?' and use the answer to test fit and conviction.

Investor ResearchInvestor MeetingsSeedHow-To
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Bessemer Venture Partners ·60 min read

Bessemer's Published Investment Memos (LinkedIn, Shopify, Pinterest, Twilio and more)

Bessemer publishes the actual internal investment recommendation memos behind its best deals, showing exactly how partners argued for LinkedIn, Shopify, Pinterest and others: the risks flagged, the numbers at the time, and the bet being made.

DiligenceInvestor ResearchSeries ACase Study
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alexanderjarvis.com·2005 ·20 min read

The Confidential YouTube Investment Memo by Sequoia

Sequoia's actual 2005 YouTube Series A memo, made public through the Viacom lawsuit: written when YouTube was two months old with no CEO and no business plan, it shows how a top firm underwrote a raw, risky deal.

DiligencePartner MeetingSeries ACase Study
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