Author Archives: CMM

The following tidbits are from the Fenwick and West Q3 Silicon Valley VC Activity Report. 70% of rounds were up rounds, 15% were down rounds, and 15% were flat.  This is a much healthier quarter than the six previous quarters. … Continue reading →

A man with more experience and knowledge of valuation than your humble author, Mr. Joe Bartlett, provided the commentary that inspired this post. How do you value something that has no historical and only has speculative future cash flows? A seed or early-stage … Continue reading →

In the president’s address to the American people and Congress, he referenced the patent reform legislation as an example for the type of legislation we need.  He says this legislation will create jobs.  I didn’t think much about it but I … Continue reading →

From the VCExperts non-Silicon Valley report, which is provided as a contrast to the the Fenwick & West Silicon Valley report.  The deal characteristic with the highest occurrence: 53% were participating preferred (as opposed to convertible preferred) 53% were pari-passu with earlier … Continue reading →

Let me preface this post by saying that I have not decided on how I will vote in November 2012 other than to say that I want a candidate and platform consistent with my principles.  Also, this post isn’t intended … Continue reading →