4 ms·

Well, all things being equal, sure. I guess to refine my question a bit, compared to the terms offered or doing a joint vs. solo round, etc. I'm curious how bi

by wheels 18y ago

Well, all things being equal, sure. I guess to refine my question a bit, compared to the terms offered or doing a joint vs. solo round, etc. I'm curious how big the role of the VCs being interested in things ends up being. While we've been fortunate enough to have VCs approach us, they're still not exactly pelting us with term sheets, so it's more trying to see where it's best to concentrate our efforts.

netcan 18y ago
Do you have alternatives? If you're speaking hypothetically to figure things out, maybe keep the (hypothetical) alternatives all on the investors' side of things. Something like ''brand name' VCs that don't care vs lower tier VCs that are excited about the technology'.
- wheels 18y ago
  If I understand your question -- these aren't hypothetical VCs that we're dealing with -- we're in talks with two different VCs with a couple contacts at each. But deals take a while. I can't say at this point that we'll get a term sheet from either. Statistically, probably not (think of Paul's mantra here: "deals fall through"), but we're trying to think of under what circumstances we would accept investment from these guys or investors we deal with in the future. We're fortunately in the position of being able to survive for at least a year without investment, but taking investment would allow us to grow faster and specifically to hire a couple of people. Just going with bootstrapping we're probably at least three months out from having revenue enough to hire someone.
  - netcan 18y ago
    I was just trying to simplify the comparison for the purpose of valuing a VC's excitement about your technology ( assuming that you are unlikely to be looking at 2 term sheets simultaneously). Unfortunately, I don't have the experience to offer any useful advice myself.

4 ms·

Well, all things being equal, sure. I guess to refine my question a bit, compared to the terms offered or doing a joint vs. solo round, etc. I'm curious how bi

by wheels 18y ago

netcan 18y ago
Do you have alternatives? If you're speaking hypothetically to figure things out, maybe keep the (hypothetical) alternatives all on the investors' side of things. Something like ''brand name' VCs that don't care vs lower tier VCs that are excited about the technology'.
- wheels 18y ago
  If I understand your question -- these aren't hypothetical VCs that we're dealing with -- we're in talks with two different VCs with a couple contacts at each. But deals take a while. I can't say at this point that we'll get a term sheet from either. Statistically, probably not (think of Paul's mantra here: "deals fall through"), but we're trying to think of under what circumstances we would accept investment from these guys or investors we deal with in the future. We're fortunately in the position of being able to survive for at least a year without investment, but taking investment would allow us to grow faster and specifically to hire a couple of people. Just going with bootstrapping we're probably at least three months out from having revenue enough to hire someone.
  - netcan 18y ago
    I was just trying to simplify the comparison for the purpose of valuing a VC's excitement about your technology ( assuming that you are unlikely to be looking at 2 term sheets simultaneously). Unfortunately, I don't have the experience to offer any useful advice myself.