Paul A. Jones, writing for Michael Best’s Best Venture has some advice on whether to take your startup to Silicon Valley in search of venture capital.
While on one hand, Silicon Valley might be the fastest way to determine whether your startup is “venture-worthy” by Valley standards, he sees many more appropriate venture opportunities elsewhere, depending on the type of startup you are launching.
He writes: “Over the last couple of days, it gelled that some entrepreneurs might fail to raise capital in Silicon Valley – not because their startup is not worthy of investment, but because they are not ready to play on that particular stage. In which case, going to Silicon Valley may result in failing to get a startup financed not because it was a bad idea, but because venture capital’s Broadway was not where it should have started out.”
First the good news. If you get a signed term sheet with a reputable angel or venture investor, there is a very good chance you will get a deal done. Unless, of course, you don’t.
Probably the most common element of every term sheet is the provision that states unequivocally that by signing the term sheet neither party is obligating itself to enter into an investment transaction, whether on the terms reflected in the term sheet or otherwise. Still, if the parties do reach agreement on a term sheet, there usually is a deal made, and usually on terms mostly consistent with the term sheet. That said, herewith a look at the most common reasons a “done term sheet” does not lead to a “done deal.”
Technology often marches ahead of the ability of government regulators to keep up. A prime example is the internet, which surged ahead in its formative days in part because there was an absence of red tape to hold back its pioneers.
Autonomous vehicles are another example. Researchers and industry are racing to develop, test and eventually market self-driving vehicles, from cars to trucks to small sidewalk delivery robots. The trick for government is how to monitor public safety without forcing unnecessary detours to innovation.
In 2003, Keith Rabois, a longtime Silicon Valley investor and executive, had an ambitious idea: He wanted to start a website that would instantly offer a fair price for your home. If you accepted the offer, the site would agree to buy your house immediately, closing the deal in a matter of days.
There are some specific steps Wisconsin policymakers can – and should – take to improve its business startup rate, which once again anchored the bottom of the Ewing Marion Kauffman Foundation’s annual index. The real reasons for Wisconsin’s quasi-permanent status as a Kauffman bottom-feeder, however, likely have more to do with who we are as a people versus what state or local government can do.
Wisconsin Governor Scott Walker issued an executive order on Thursday to create a steering committee, which will look into autonomous cars and connected vehicles.
The committee will research and evaluate all aspects of autonomous cars and submit policy recommendations to the Governor’s office by the summer of 2018.
For 12.2 Million Americans, signing up for health insurance in 2017 was a leap of faith: that Obamacare would make it through the year, that the health exchanges wouldn’t collapse, that premiums wouldn’t put their families on the street. For the 54,000 New Yorkers who used those exchanges to join Oscar—a millennial-beckoning insurance startup cofounded by Jared Kushner’s younger brother, Joshua—the 2017 enrollment period wasn’t just uncertain. It was, well, kind of bleak.
Mark Kearns, 38, a web designer and gamer from Chicago, stumbled upon a new video game called Star Citizen while online in late 2013. The game, which was in development, promised to revive the spaceflight simulation genre with a sprawling universe for players to explore.
Medici Ventures, the blockchain technology arm of online retailer Overstock.com, has added bitcoin consumer financial service platform Ripio to its portfolio of strategic blockchain-focused investments through participation in Ripio’s Series A financing. In addition to Medici Ventures’ equity position, the blockchain-focused subsidiary of Overstock.com will take an observer’s seat in Ripio’s board of directors meetings.
It looks like we can add another one to the string of IPOs that at least look like they’ve been successful — with Yext, too, popping more than 20% once its shares made their debut this morning.
Shares of Yext went as high as $14 or so after the company gave its final pricing at $11 last night — meaning it raised at least $115.5 million in its IPO.