From time to time, some of my good friends whom I have known for a while guest post on my blog. I am en route to Italy and Trace Schmeltz gave me something interesting to post. He is an attorney with Barnes and Thornburg.
If you don’t know Trace, he helped out James Koutoulas tremendously when Jon Corzine stole money from his clients at MF Global. Trace is an expert on financial regulatory law. He has practiced in Chicago for a long time. He’s working with the state of Illinois to make sure crypto regulation is correct.
Here is his post. Given all the hype on crypto currency and blockchain, I thought it was timely. Especially because I ripped into ICO’s yesterday.
The seven-week course, which is about five hours of work each week, has the following agenda.
Week 1 – Introduction of key players/Form or join a team
Week 2 – Fundraising/Finding the Right VC
Week 3 – Capitalization Tables/Convertible Debt
Week 4 – Term Sheets: Economics & Control
Week 5 – Term Sheets Part Two
Week 6 – Negotiations
Week 7 – Letter of Intent/Getting Acquired
Over 10,000 people have taken the course at this point. We’ve gotten universally strong positive reviews and have made plenty of new friends from people who have gone through the course and connected with us.
If you are interested in raising venture capital, I encourage you to sign up
This weekend I will be going to Torino, Italy. Torino is the sight of the information part of the G7 conferences that take place throughout the year. You can see a link to the entirety of the G7 here. I was invited by the US government to attend. I will be advising the I-7, which is the G-7’s strategic advisory board on innovation.
Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core… Read More
There’s no shortage of startups building their brands around AI for enterprise. And within the enterprise, few spaces are as competitive as AI-powered voice analytics. TalkIQ is the latest company in the space to carry home a large round of financing with promise. With $14 million in Series A funding, the TalkIQ team is hoping its proprietary tech stack and engineering-heavy team will… Read More
Listening to Ben Horowitz speak at the Chicago Venture Summit, he made a point which he’s made before. Venture capitalists invest in really bad ideas. But, if those ideas work it would be pretty cool. He used AirBnb as an example. You are going to rent out a room in your home to someone using a blowup mattress.
That is a bad idea.
In finance, we are a lot more pragmatic. We are solving actual problems when we invest in a startup. Usually a person has experience with it. They have felt the pain. They build software to solve it.