One of the less frequent discussed issue of entrepreneurship and startup development is what happening after a successful pitch?
Talks are less public between the founders and the VCs after the initial steps. So what’s going on behind the scenes?
I have just found an interesting blog that covers the topic of term sheet and investment processes. The author is Brad Feld, managing director at Foundry Group. He is also the co-founder of TechStars, a mentor-driven accelerator, author of several books and blogs, and a marathon runner. : ) Brad has been an early stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures, a company that helped launch and operate software companies. Brad is also a co-founder of TechStars.
Brad currently serves on the board of directors of BigDoor, Cheezburger, Fitbit, FullContact, Gnip, MakerBot, MobileDay, Modular Robotics, Oblong, Orbotix, SEOMoz, Standing Cloud, and Yesware for Foundry Group. Previously, Brad was an executive at AmeriData Technologies after it acquired Feld Technologies, a firm he founded in 1987 that specialized in custom software applications.
In addition to his investing efforts, Brad has been active with several non-profit organizations and currently is chair of the National Center for Women & Information Technology, co-chair of Startup Colorado, and on the boards of Startup Weekend and the Application Developers Alliance. Brad is a nationally recognized speaker on the topics of venture capital investing and entrepreneurship and writes the widely read blogs Feld Thoughts and Ask the VC.
Some remarkable posts: