Partie générique (en français) - Partie spécifique - Particule
https://www.bmo.com/main/business/accounts/ebusiness-plan/ Free chequing account
https://www.hsbc.ca/small-business-banking-solutions/everyday-banking/#rbb-chequing No fee with $10k balance?
A modern, clean, and very simple responsive HTML invoice template.
https://rotessa.com/ A better way to get paid. Withdraw money directly from your customer’s bank account when their payments are due. Schedule one-time or recurring payments to get paid on time.
Open-Source Subscription Billing & Payments Platform
Chat for distributed teams (Slack alternative) https://zulip.com/ Has an "official" terminal client
https://linear.app/ Pretty, fast, keyboard-driven…
https://tooljet.io/ Build & deploy internal tools Open-source low-code framework to build & deploy internal tools with minimal engineering effort.
https://www.startupschool.org/cofounder-matching YC's free online platform for finding a high-quality co-founder. Match with co-founders based on your preferences for interests, skills, location, and more, and start building your company.
https://www.synthesia.io/ Create your own AI video.
https://jitsu.com/ The Open Source Segment Alternative
Need to record a video introducing the co-founders to apply And fill in simple enough form https://www.ycombinator.com/howtoapply/
https://www.ycombinator.com/deal/ $125K post-money for 7% equity
As a partner: no application, all about connections (example: founded a successful company, early portfolio company…) Analyst / associate: after business school Always Be Closing or you'll be booted from the next fund
Assume it's a really good company Never show any dislike or distaste You never know if this founder is gonna start the next billion-dollar company Their first idea might be terrible, they second idea might be wonderful
Keep an open mind, be very friendly and positive to the founder in addition to pitching your partnership / your firm Start your reputation (demo day…) before you even meet a founder for the first time
Max 2-3 deals per year (major (>20%) deals with a seat on the board)
You might see hundreds a deal, have 8-10 that you might fund and at the end of year you typically fund 2 or 3 deals For each of the hundreds of deal that you see, it might be one of the 8-10 and you'll want to fund VC firm is a partnership, need to convince the other partners, deals are usually a consensus between all the partners
Always assume it'll be competitive and that many other funds will want to invest You either want to be in really early (first term sheet) or very late (last term sheet)
Attending demo days at incubators, accelerators..
Preferred Stocks vs Common Stocks
With a significant amount of capital usually comes a board seat
Common board for early stage companies:
For later stage companies:
Goal of the board is to guide the CEO and hold them accountable
For example, approval of board before any X amount of capital spent
As an investor, if a company is selling secondary shares, you'll be able to purchase those shares before anybody else
The right of keeping a % of the company shares in later financing rounds by adding capital and not being diluted
As a lead investor, drag along means that you make all major business decisions for all the smaller (typically angel) investors
VCs prefer that the employee option pool is created before their investment (typically 15-20%, diluting the founders) Best entrepreneurs refer that the employee option pool is created after the round of investment, diluting everybody
Usually 40 days (VCs want it longer (60-90 days) and entrepreneurs shorters (30 days)) Means you're not shopping around the term sheet / valuation (otherwise process never ends) Term sheets aren't binding, though usually everybody goes through the deal as your reputation is on the line
3 types of companies in a typical portfolio:
VCs would typically focus on the top 2-3 companies in their portfolio of ~10
Walking dead strategies:
Every VC firm has those four roles:
The more senior you are, the more towards sourcing, investment and fund raising you are
Generally speaking, towards the beginning of the life of the fund, that's where the investments that are true to the spirit of the fund are made In the middle, that's when the crazy investments are made And towards the end, investments are made very carefully as it might impact being able to raide for the next fund
GP = General Partners
LP = Limited Partners
LPs invest in VC funds
High net worth individuals, corporations, institutional investors, universities…
Every VC fund is a partnership, is there good synergy between the partners?
What's their investment thesis/strategy? Particular sector?
Are the GPs well suited to source and close investments?
Typically a 2-3% management fee
$100M fund, $2-3M for the GP to manage the fund
Other: 20% carried interest => 80/20 split of profits
$1B fund, LPs get $800M, GPs get $200M
https://www.atlassian.com/agile/scrum/sprint-planning Sprint planning is an event in scrum that kicks off the sprint. The purpose of sprint planning is to define what can be delivered in the sprint and how that work will be achieved.
by Timothy Lister and Tom DeMarco
"How to Get Rich" by Naval: https://threadreaderapp.com/thread/1002103360646823936.html
Engineer turned marketers for SaaS businesses: https://www.gkogan.co/ Studio that builds SaaS apps for marketers: https://www.incremen.to/ "Founder reads": https://founderreads.com/
How to handle clients in a freelancing / agency relationship?
Becoming a broker: https://www.collegeimmobilier.com/