anything in particular you’re interested in? I think the diversity report from Diversity.vc has a lot of the same numbers (they started with gender but I think they’re getting to the other numbers too)
it’s not a matter of “some” that are unprofessional, it really is >99%, here’s a list of 170+ fundraisers who fit every description in my article: https://github.com/vjacobs/spammy-fundraisers/blob/master/spammy-fundraisers.txt
The only people I’ve met who ever have anything positive to say about fundraisers are the fundraisers themselves who benefit from perpetuating the myth that they add value :) And even then, I think deep down a lot of fundraisers accept that their business model is a scam.
Certainly something to watch out for (Kima’s original note template from 2010 had this problem, by accident), but I’d say that in 2018 a note that still has this multiple liquidation preference problem would be considered “non-market”. Standard would be the ordinary/preference mix conversion you mention or the conversion into shadow-classes each with their own price per share preference (like the SAFE does).
Thanks. I’m now requesting a “foreign investor’s guide to investing in German companies” from you :)
German funds know the process, but as an outsider a lot of time is spent figuring out the process and what’s accepted and what isn’t (for example, the German notary will always request apostilled documents from us, even…
Great! Any thoughts on the German legal system being one of the “challenges”? I mentioned this to Thomas too last week that when I hear a company is incorporated in Germany it makes me much less likely to consider investing in them because I know the investment will take up much more of my time than if they were incorporated anywhere else and I’m going to need to deal with notaries, apostilles etc.
the BA Amex gives 1.5 Avios/£ but there’s a 2.99% fee on all non-Sterling transactions that eats up any benefit for me, the Lloyds Avios Rewards Amex is better at 1.25 Avios/£ but no foreign transaction fees plus (instead of a 2-for-1 voucher) you get a flight upgrade voucher to bump a class that I just used on my next 10 hour flight to SF.
headforpoints.com is also worth following.
I often meet people who tell me they’re interested in working in venture and then ask how to learn about startups. I think that’s a completely backwards approach; one should want to work in VC because they’re already obsessed with startups and have a thesis, not want to work in VC because they’re interested in VC. Blog post coming up…