Mon, 30 August 2021
In this episode, Hall welcomes Wes Barton, Founder and Managing Partner at Third Prime.
Headquartered in New York, New York, Third Prime is a venture capital firm focused on identifying and investing in seed-stage companies that are using technology to develop business models with the potential to disintermediate incumbents within the fintech and proptech sectors.
Wes received his J.D. from Duke School of Law in 2002 and his undergraduate degree from Western Kentucky University in 1999.
Wes discusses his investment thesis and some of the startups he has invested in which fit that thesis. He shares some of the challenges they face in launching their businesses and suggests some good opportunities for investors to pursue.
You can visit Third Prime at www.thirdprime.vc, via LinkedIn at www.linkedin.com/company/15189541/admin, and via Twitter at www.twitter.com/thirdprimevc.
Direct download: Wes_Barton_of_Third_Prime.mp3
Category: -- posted at: 9:17am CST
Mon, 30 August 2021
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In raising funding, the startup should be doing as much diligence on the investor as the investor is doing on the startup.
Start by checking out the portfolio of the investor and making contact with CEOs who have been funded by the investor.
Ask the CEO about their experience with the firm.
Most VCs tout their entrepreneur-friendly mantra and how much they can help the startup.
In addition to funding, VCs provide strategy, recruiting, business development, and future funding.
Ask the CEO about their experience with the VC in these areas.
Also, check their experience in negotiating the term sheet with the investor.
Look for examples of non-standard behavior such as lock-up terms, and a last-minute change of terms in the negotiations.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
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