Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: email@example.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses the nomenclature around raising money and what the different "rounds" of funding are called and why.
Jay's Chalkboard Notes:
- Events where you raise $$
- Lettered A, B, C, etc
- Seed is a round
- IPO is also a round
- Typically fewer rules about $$
- Unanswered questions, early speculation
- Expect great returns later
- Smaller investment
- Early stage VC
- Sets precedence for later rounds
- Get a corporate attorney
- Can be one or many investors
- Investments are bigger
- Investors need to see growth/traction
How much money do you need?
Book Recommendation: Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist
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