Twitter announced last week that it had closed a "significant round of funding." News reports, including this one from the NYTimes, anticipat (Read More)

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)

Earlier this week, TheFunded Founder Institute released a model term sheet intended for venture-oriented first round financings. In his post announcing (Read More)

In an earlier post this year about trends in first round financings, I asked the question, "Whatever Happened to the 1x Liquidation Preference?&qu (Read More)

Investment entities managed by Sequoia Capital had liquidation preferences on their preferred stock investments in Zappos, and those preferences are go (Read More)

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)