By guest authors Irina Patterson and Candice Arnold Saad: Almost all of the investments I have made have been before the companies had ideas for what they wanted to do. Again, it comes back to the same point. Exceptional people figure out the right markets to go after and the right technologies to build, and
By guest authors Irina Patterson and Candice Arnold Saad: I spend a significant portion of my life meeting with entrepreneurs either one at a time or, in some cases, we’re out there a lot judging business plan competitions and meeting people at conferences and events. So, in some cases, we’re meeting many more than one
By guest authors Irina Patterson and Candice Arnold Saad: Our office is based in San Francisco, but from an international perspective, what we’ve done is partner with a couple of other venture funds that we trusted in different regions. For instance, we were an LP (limited partner) in a fund in Europe called Hasso Plattner
By guest authors Irina Patterson and Candice Arnold This is the forty-sixth interview in our series on financing for entrepreneurs. I am talking to Saad Khan, partner at CMEA Capital, a San Francisco–based venture firm. His focus is seed investing in early stage tech entrepreneurs. Irina: Hi, Saad. Why don’t you briefly start with your
By guest authors Irina Patterson and Candice Arnold Irina: What else do entrepreneurs need to understand about venture funding? Brian: There are five- or ten-year time frames before you have success, so you have to really be aligned with your investor on the vision, what you hope to accomplish, what hurdles you’re going to see
By guest authors Irina Patterson and Candice Arnold Irina: What is your preferred type of investment? Brian: It’s preferred shares in a traditional equity financing. If we do a note, it’s usually a convertible piece of debt with a cap. Going back to that original comment, we don’t like our money being used to drive
By guest authors Irina Patterson and Candice Arnold Brian: I already mentioned how inundated we are just trying to keep up with the deals we have coming to us. I would never sleep if then tried to turn around on every deal that we pass on and try to make other introductions on their behalf.
By guest authors Irina Patterson and Candice Arnold Irina: We talked about entrepreneurs’ past experience and how much weight it carries when they are looking for funding. Brian: It’s obviously better if you can grab, as an example, a Brian Lee, who is a co-founder of LegalZoom, and then founded Shoe Dazzle. You can look