Startup Valuation
Coming up with the right valuation for your company in the beginning can be very tricky. Simply put, valuation is the value of your company. In the early stages of formation the value of your company is most likely close to zero. Obviously, using zero as your valuation isn’t going to help you find investors. Because, while they might appreciate your honesty, they will immediately see your lack of business experience. But what’s the best way to determine valuation? Check out the Funders and Founders infographic to find out How Startup Valuation Works.
You’ve Got VC Money: The Punchlist
As outside counsel to thousands of VC-backed startups, we are often asked the same questions about what startups need to do after raising their first round of VC financing. Here is a quick and dirty list of those next steps. The action items below are described in…
You’ve Got VC Money: Board Meetings
Board meetings are your opportunity to check in with and give an update to your bosses and get feedback and guidance from the experienced members of your board. It is common for VC-backed startups to have four to six board meetings per year, though this frequency can…
You’ve Got VC Money: Board vs Stockholder Approval
While your financing agreements might have other requirements, below is a nonexhaustive list of the types of corporate decisions that typically require board and/or stockholder approval: Board Approval Is Required to: Stockholder Approval Is Required to: Amend the charter or bylaws. Approve significant corporate transactions (e.g., sale…