- Exploring potential stakeholders: friends, family, and more
- Finding a venture capital firm
- Breaking down the term sheet
- Taking on debt
- Asking for NDAs
- Accepting a no
Skill Level Beginner
(inspirational ambient music) - "Do or do not, there is no try." If you're a Star Wars fan, you'll recognize those important words from Yoda. Those words are critical in the context of going out to raise a financing. You're not trying to raise a financing. You're either going to be successful, or you're not going to be successful. So you've got your company started, and you're wondering whether or not you should raise capital. In this course, we're going to talk about the path of raising money from venture capitalists, and from angel investors.
We're going to spend time not just investigating and exploring the different actors that might be involved, and players in a venture capital financing, but also the different things that you as an entrepreneur need to do to understand whether or not you want to raise money in the first place, and if so, how much, and from whom? I'm Brad Feld, I'm a partner at Foundry Group, a venture capital firm based in Boulder, Colorado. I'm also a cofounder of Techstars, which is a network that helps entrepreneurs succeed. As part of that, I've been involved in thousands of financings, both as an entrepreneur, an angel investor, as a venture capital investor, and also as an investor in other venture capital funds.
Come along with me as we explore the different players in a typical financing.