Term Sheets & Valuations: A Line by Line Look at the Intricacies of Term Sheets & Valutions (Bigwig Briefs)

Given the inexorability of math, therefore, there is only one other way to hit the 30x target: invest at a lower valuation. So if the initial valuation we agree upon with the company is, say, $1.5 million, our 30x target means that the company will need to be acquired eventually at a terminal valuation of $45 million. And guess what? It turns out t

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Yale wants to be able to realize its 18 percent annual return in VC by tying up its money for longer periods of time, but in order to keep funding the university and reinvesting in its venture managers, it needs to eventually get liquidity from its earlier venture investments. And, again, that drives corresponding behavior among the VC firms—they n

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