August 2009
6 posts
TheFunded "Standard" Term Sheet
There has been a lot of blog chatter about TheFunded’s form term sheet, including here, here and here. The sentiment from VCs has been generally positive with some saying that a return to balance for founders has been a long time coming. The WSJ queried whether VCs would put their money where their mouths are. I would be interested in your opinion. I think the term sheet makes too many...
Facebook/friendfeed Thoughts
I haven’t been able to get my hands on the purchase agreement but the WSJ reported the $50m purchase price was $15m in cash and the rest in equity installments that vest over time. This is a similar mix to what was offered to Twitter earlier this year. Twitter rejected Facebook’s advances because they didnt want a bunch of illiquid securities they would have to pay taxes on.
If the...
Teens Don't Tweet
The *groundbreaking* report released by Morgan Stanley this week highlighting teenagers’ use of technology was actually pretty predictable. Teens don’t tweet or read the newspaper. Yawn. I am often told by my colleagues that I’m the only person they know who still gets a paper (the WSJ), so its not surprising that younger generations get their news online (if they even read it at...
Sunday Thoughts
Social media startups are REITS: A REIT is a company dedicated to owning, and in most cases, operating income-producing real estate. Back in the early days of social sites, the only real estate being used to generate revenue was side bars and banner ads. In the ‘now’ economy it is important to think of your site like a mall operator. What spaces and subdomains might be available to...