104 episodes

Andrew Romans, General Partner of 7BC Venture Capital, 3x author, and university professor, talks to VCs, founders and other VC-startup ecosystem players about all things venture capital, startups, entrepreneurship, technology, CVC, and big corporate tech titans.

Fireside with a VC Andrew Romans

    • Business
    • 5.0 • 2 Ratings

Andrew Romans, General Partner of 7BC Venture Capital, 3x author, and university professor, talks to VCs, founders and other VC-startup ecosystem players about all things venture capital, startups, entrepreneurship, technology, CVC, and big corporate tech titans.

    #100, Calculating valuations & how much capital to raise, Vibhor Rastogi, Global Head of AI investments at Citi Ventures

    #100, Calculating valuations & how much capital to raise, Vibhor Rastogi, Global Head of AI investments at Citi Ventures

    Fireside with a VC episode #100 speaking with Vibhor Rastogi, Global Head of AI investments at Citi Ventures, discussing how to determine startup valuations and how much capital a startup should raise. How much to raise should be driven by enough time runway to achieve the next key milestone to unlock the next funding round - be that product, revenue, users or other measurable business milestone KPIs. How the market is changing. Expect to need at least enough time 1) to reach the next business milestone and 2) to raise the next funding round. Expect at least 2 quarters to raise the next funding round in today’s market. How much dilution should a startup expect to take from each funding round ranging from pre-seed to late seed, Series A, B, C, D? How to tie expected exit valuations to today’s valuation? What can a realistic exit be in a good scenario and a bad scenario? What are expected exit multiples and discounted to today’s valuation with the consideration of dilution from future funding rounds? How to calculate future dilution or reserve strategies for various ownership target percentages. Corporate Venture Capital (CVC) best practices at Citi Ventures – Citigroup. How to manage conflicts of interest as a strategic investor compared to a pure financial investor. How Citi Ventures can add value to startups across industry verticals.

     

    Find the full episode on YouTube: https://youtu.be/T7yffG5sJ3E.

     

    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC

     

    https://www.citi.com/ventures/


    https://www.linkedin.com/in/vibhorrastogi/

     

    https://www.7bc.vc/

    https://www.linkedin.com/in/romans/

     

    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    • 48 min
    #99, Using retirement IRA accounts to invest in VC funds w/ Matthew Calhoun at Equity Trust

    #99, Using retirement IRA accounts to invest in VC funds w/ Matthew Calhoun at Equity Trust

    Fireside with a VC episode #99 speaking with Matthew Calhoun, director at Equity Trust, formerly Midland Trust Company, discussing the benefits of investing into alternative assets such as venture capital funds using your self-directed IRA dollars. What is a Self-Directed IRA and what is different from other retirement accounts? What are the requirements, terms, and cost for this, and how long does it take? Help boost your retirement with this wealth-building combination of tax-optimized retirement accounts maximizing the potential of higher returns with less volatility by adding private market venture capital investments to your tax-advantaged account.



    We are happy to introduce our listeners to Matt or contact him directly: mcalhoun@midlandtrust.com.



    Find the full episode on YouTube: https://youtu.be/o9FslKnPrmU.



    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC



    https://midlandtrust.com/

    https://www.linkedin.com/in/matthew-calhoun-51828687/



    https://www.7bc.vc/

    https://www.linkedin.com/in/romans/



    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

    • 12 min
    #98, How much funding to raise at what valuation with Eric Ver Ploeg, Founding Partner, Tunitas Ventures

    #98, How much funding to raise at what valuation with Eric Ver Ploeg, Founding Partner, Tunitas Ventures

    Fireside with a VC episode #98 speaking with Eric Ver Ploeg, Founding Partner of Tunitas Ventures about key data and trends in the US tech Series A fundraising environment as well as specifics about how much cash funding a startup should raise at pre-Seed, Late-Stage Seed and Series A as well as the many other considerations with regards to terms and legal structures do’s and don’ts.

     

    Eric Ver Ploeg, is a VC veteran and runs Tunitas Ventures a focused seed stage investing firm that assists portfolio companies raise their Series A. Eric shares research and data on how the ratio of San Francisco Bay Area startups have a higher graduation rates of completing a Series A than startups in the rest of the country and how this multiple has been rising in recent years. Check out a link to a blogpost Eric released on this topic today: http://rb.gy/3fzl3p.

     

    https://tunitas.vc/

    https://www.linkedin.com/in/ericvp/

     

    https://www.7bc.vc/

    https://www.linkedin.com/in/romans/



    Find the full episode on YouTube: https://youtu.be/TUkan6oIbrs.

     

    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC

     

    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

    • 47 min
    #97, The future of AI with Igor Jablokov, CEO of Pryon $159m VC funding

    #97, The future of AI with Igor Jablokov, CEO of Pryon $159m VC funding

    Fireside with a VC episode #97 speaking with Igor Jablokov, CEO of Pryon $159m VC funding and founder and CEO of Yap, which Igor sold to Amazon which became the nucleus of Amazon’s Alexa & Fire TV. Pryon was the code name for Alexa. Discussing the evolution of humanity with AI, risks of AI, what we need or should expect with regulations, where innovation is happening, what are the OSI layers of the AI world, how the Fortune 500 will adopt or fail to adopt true AI, other relevant key industries ranging from nuclear power plants to healthcare and the military.
     

    Find the full episode on YouTube: https://youtu.be/N0H-zb5I72A.

     

    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC

     

    https://pryon.com/

    https://www.linkedin.com/in/ijablokov/

     

    https://www.7bc.vc/

    https://www.linkedin.com/in/romans/



    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

    • 55 min
    #96, Legal terms, governance & valuations for up, flat & down rounds with Fenwick’s Kristine Di Bacco

    #96, Legal terms, governance & valuations for up, flat & down rounds with Fenwick’s Kristine Di Bacco

    Fireside with a VC episode #96 speaking with Kristine Di Bacco, Partner at law firm Fenwick, discussing tough terms for startups in the context of flat and down rounds as well as more punishing terms for startups. What is common and expected in today’s market for up, flat, down rounds as well as convertible notes and SAFEs? Planning today’s current round in a way to set a precedent for the next funding round balancing valuations and terms. A deep dive on the difference between pre- and post-money SAFEs vs convertible notes, QSBS, etc. What to expect for typical governance, board of directors construction, etc. across multiple financings for startups. Secondaries in the bull market leading up the peak in 2021 compared to today’s 2024 market and what to expect for funding and exits in 2024 and beyond. How she cofounded and built Fenwick’s New York City office and is now back in Silicon Valley. Understanding differences and similarities in the New York compared to Silicon Valley ecosystems.



    Find the full episode on YouTube: https://youtu.be/Q6eV6oqg2Is.

     

    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC

     

    https://www.fenwick.com/

    https://www.linkedin.com/in/kristine-di-bacco-72b35b/



    https://www.7bc.vc/

    https://www.linkedin.com/in/romans/

     
    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

    • 54 min
    Episode #95, M12 Microsoft’s Venture Fund, Peter Berg, Managing Director

    Episode #95, M12 Microsoft’s Venture Fund, Peter Berg, Managing Director

    Episode #95, Peter Berg, one of two Managing Directors leading M12 Microsoft’s Venture Fund, discusses with Andrew Romans on Fireside with a VC how Microsoft is investing in early-stage startups in B2B SaaS, AI, web3/crypto, and gaming. How the $2.776 trillion dollar conglomerate can add value to startups in a way no other VC can match.

     

    Find this and all full episodes for Fireside with a VC on your favorite podcast platform here:

     

    https://podcasters.spotify.com/pod/show/FiresideVC.

    Find this episode on YouTube: https://youtu.be/qZ2MIYFHEvU.

     

    https://www.linkedin.com/in/peterberg/

    https://www.linkedin.com/in/romans/

    https://www.7bc.vc/

     

    Join the conversation, leave comments, and tell us what you think about these topics and this episode.


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    Send in a voice message: https://podcasters.spotify.com/pod/show/firesidevc/message

    • 53 min

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