Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed. It was accept the terms or go into bankruptcy so we took the money. Those were the dog days of entrepreneurship.
To read the full, original article click on this link: Want to Know How VC’s Calculate Valuation Differently from Founders? | Both Sides of the Table
Author: Mark Suster
