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Washington Legislators Consider Ending Sales Tax Exemption for Custom Software
As part of a package of taxes being considered today by a Washington State legislative committee, the current exemption of custom software from Wa (Read More)
William Carleton on Mar, 02 at 10:29 AM | 3 Likes Ilike2
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Entrepreneurs’ Prior Lives, Episode 2: Michael Cann, Investment Banker
It's too early to find a pattern, but in Episode 2 of Entrepreneur's Prior Lives, Michael Cann treats us with the same candor Joe Harb showed in the ro (Read More)
William Carleton on Mar, 02 at 10:29 AM | 3 Likes Ilike2
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Entrepreneurs’ Prior Lives: a Podcast Series
I'm excited today to launch "Entrepreneurs’ Prior Lives," a podcast brought to you by this blog and by wac6arts.com. The first episode (Read More)
William Carleton on Feb, 22 at 9:29 AM | 3 Likes Ilike2
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Getting the Size of the Early Stage Note Round Right
So your venture needs capital, but for one good reason or another, or a combination of them, you are not going to "price" the company and rai (Read More)
William Carleton on Feb, 07 at 7:43 PM | 4 Likes Ilike2
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Startups & Social Equity (Or, How Startups Can Effect Social Change in Ways Governments Can't)
My girlfriend and I heard Richard Wilkinson talk yesterday at the Department of Communications building on the University of Washington campus. From&nb (Read More)
William Carleton on Jan, 10 at 7:06 PM | 3 Likes Ilike2
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No News Is Good News Dept.: House Doesn't Seem to Replicate Dodd Errors
The House Financial Services Committee announced today that it had approved a bill called the "The Financial Stability Improvement Act." This (Read More)
William Carleton on Dec, 02 at 2:20 PM | 1 Like Ilike2
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Might Senator Warner, Venture Capitalist, Twitterer, Help Save Reg D for Startups?
The Senate Banking Committee has had an initial hearing to consider Senator Dodd's “Restoring American Financial Stability Act of 2009.” In (Read More)
William Carleton on Nov, 27 at 12:35 PM | 1 Like Ilike2
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Initial "Save Reg D" Petition Comments: Entrepreneurs the Key to Economic Recovery
Joe Wallin, Brian Myers and I have put up a petition concerning the threat to Reg D, an issue about which all three of us have written in recent days ( (Read More)
William Carleton on Nov, 24 at 9:47 PM | 2 Likes Ilike2
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A Call to Action - Help Protect Startup Financing
Under the Securities Act of 1933, any offer to sell securities must either be registered with the SEC or meet an exemption.  Regulation D contains (Read More)
Matt Heaton on Nov, 23 at 1:57 PM | 8 Likes Ilike2
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Why Would Dodd Want to Gut Reg D Anyway?
What did we do before Google search? I'll come back to that question below. Let me first report on what's happened in the week since Joe Wallin discov (Read More)
William Carleton on Nov, 23 at 11:38 AM | 2 Likes Ilike2
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But Wait, There's More! Dodd Would Let States Tinker with Reg D Offerings
In a comment today to my second post about not-so-goodies buried in the Dodd financial system reform bill, Joe Wallin points out that the Senator is al (Read More)
William Carleton on Nov, 17 at 12:11 AM | 1 Like Ilike2
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Should Web Entrepreneurs Hang on to their Companies?
Chris Matthews said something on his Hardball TV show last night that I found disarming. The set up is what makes the payoff satisfying, so I’ll (Read More)
William Carleton on Oct, 21 at 6:50 PM | 8 Likes Ilike2
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Twitter's Aggregate Preferred Stock Liquidation Preference Now at $163,817,605.63
Twitter announced last week that it had closed a "significant round of funding." News reports, including this one from the NYTimes, anticipat (Read More)
William Carleton on Oct, 05 at 11:46 AM | 1 Like Ilike2
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The "No Exit" Management Equity Incentive Plan
A central theme of this blog has been the way many Web 2.0 entrepreneurs and early stage investors are questioning the venture investment paradigm requ (Read More)
William Carleton on Oct, 05 at 11:37 AM | 3 Likes Ilike2
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TheFunded's Ideal First Round Term Sheet: A Critique
Earlier this week, TheFunded Founder Institute released a model term sheet intended for venture-oriented first round financings. In his post announcing (Read More)
William Carleton on Oct, 05 at 11:37 AM | 1 Like Ilike2
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Battle of the Big Law Term Sheet Generators
The Orrick law firm has now made a venture capital term sheet creator available on the web, so I thought I'd take it for a test drive and compare it to (Read More)
William Carleton on Oct, 05 at 11:34 AM | 1 Like Ilike2
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Tide Turning, Exits Not the Focus?
Along with @sleepless, @timu_matt and @johnclyman, I attended the Naked Truth event at the Olympic Sculpture Park last night, sponsored by Redfin, (Read More)
William Carleton on Oct, 05 at 11:31 AM | 1 Like Ilike2
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Terms of Service: Why You Should Write Them Yourself
Because contracts matter, Web 2.0 entrepreneurs will want to publish "terms of use" or "terms of service" (I'll call them "TOS (Read More)
William Carleton on Oct, 05 at 11:29 AM | 1 Like Ilike2
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Regulation of VCs: What's the Impact on Startups & Emerging Companies?
The Treasury Department's whitepaper on financial regulatory reform, released last week, includes a proposal to require venture capitalists to register (Read More)
William Carleton on Oct, 05 at 11:29 AM | 1 Like Ilike2
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Lawyers & Term Sheets
This post is, in a way, a riff on the recent "Term Sheet Manners" post on Fred Wilson's blog.  My message to entrepreneurs is, "alw (Read More)
William Carleton on Oct, 05 at 11:28 AM | 2 Likes Ilike2
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Pricing Stock Options: Who’s Doing 409A Valuations These Days?
Let’s start with the assumption that we all agree startup technology companies should set the exercise price for stock options at fair market val (Read More)
William Carleton on Oct, 05 at 11:27 AM | 1 Like Ilike2
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Signs That Early Stage Investment Models Are Changing
Depending on your point of view, angel investors are either getting more organized, or traditional VCs are moving upstream into angel territory.  (Read More)
William Carleton on Oct, 05 at 11:24 AM | 1 Like Ilike2
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The Invisible Ink is Drying. It Reads: Disruption is Easier to Sell in a Depression
One benefit of the economic depression, just starting to reveal itself, is that some startups are able to skip the early adopters and insinuate themsel (Read More)
William Carleton on Oct, 05 at 11:23 AM | 1 Like Ilike2
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What Happened to the 1x Liquidation Preference?
In a presentation at the MIT Enterprises Forum Venture Lab at One Union Square in Seattle last month, titled “Financing a Start-up in a Downturn, (Read More)
William Carleton on Oct, 05 at 11:22 AM | 1 Like Ilike2
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Aligning Management and Investor Incentives
In bullet form below are some quick observations, here at the end of Q1 2009, on how different ventures in the “emerging company” category (Read More)
William Carleton on Oct, 05 at 11:18 AM | 1 Like Ilike2