> For the complete documentation index, see [llms.txt](https://startup.shibin.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://startup.shibin.co/library/capital.md).

# Capital

## Investors

* [Why Investor Updates Are So Important and How to Nail Them](https://www.inc.com/sean-wise/to-keep-your-investors-happy-master-art-of-investor-update.html)
* [How To Write Investor Updates](https://dcgross.com/investor-updates/)
* [The 5 Worst Things You Could Say to a Venture Capitalist](https://fortune.com/2017/04/06/venture-capitalist-entrepreneurs-startups-investment/)
* [A four step guide to evaluating startup and new venture ideas](https://neemz.medium.com/evaluating-startups-and-venture-ideas-1dc419fe4d3a)
* [Now is the best time to be an angel investor (let me show you how)](https://calacanis.com/2020/03/27/now-is-the-best-time-to-be-an-angel-investor-let-me-show-you-how/)
* [Three Core Principles of Venture Capital Portfolio Strategy](https://www.toptal.com/finance/venture-capital-consultants/venture-capital-portfolio-strategy)
* [3 Types of Investors You Should Avoid.](https://medium.com/swlh/3-types-of-investors-you-should-avoid-ea8f885753d7)

## Raising Money

* [The NFX Fundraising Checklist - Timing your raise](https://www.dropbox.com/s/k13sii0s4wk3p40/The%20NFX%20Fundraising%20Checklist__%20Timing%20Your%20Raise.pdf?dl=0\&utm_campaign=Content%20Upgrades\&utm_medium=email&_hsmi=97286679&_hsenc=p2ANqtz-_clfxruKYQc3yS0_vZKMNvGiCpYGLglc6BzVAEXNDxud1Sy966u4RyJ2MIK1mZUECiuw6d5pDMqhCmYfWeU7eGFPdDGbRJ2QfBVQ-jJPub8yNTAtc\&utm_content=97286679\&utm_source=hs_automation)
* [9 Personal and Painful Reasons why Founders do not get the investment](https://www.startuphacks.vc/blog/2019/07/16/9-personal-and-painful-reasons-why-founders-do-not-get-the-investment)
* [Perfecting Your One Sentence Pitch](https://fi.co/madlibs)
* [But I don't know any VCs!](https://pmarchive.com/guide_to_startups_part3.html)
* [Building an Investor Pipeline Spreadsheet: Keep Your Funding Flowing!](https://www.techstars.com/the-line/advice/building-an-investor-pipeline-spreadsheet-keep-your-funding-flowing)
* [How to raise money](http://paulgraham.com/fr.html)
* [The Non-Obvious Guide to Fundraising](https://www.nfx.com/post/the-non-obvious-guide-to-fundraising/?utm_medium=email&_hsmi=107202290&_hsenc=p2ANqtz--iTGjJLy3jrJFyetclV_Ywlyob3MMMQjnkXGQTwt2M_KltvAn910BRZlad3Sh0yRatfu8LRaS3bHd2ugMN3OZKpm25RUgJCXxywRlplwB8B6H58G8\&utm_content=107202290\&utm_source=hs_email)
* [Questions VCs Will Ask You](https://medium.com/swlh/questions-vcs-will-ask-you-bd871ab62ffa)
* [Pitch Deck Pointers Series](https://innovationbay.medium.com/pitch-deck-pointers-part-1-introduction-ffb9adc58a6c)
* [Pitch Deck Template](https://innovationbay.com/wp-content/uploads/2021/02/IB-Pitch-Deck-Template.pdf)
* [The 6 Most Powerful Pitch Deck Frameworks to Rock Your Investor Presentation](https://medium.com/swlh/the-6-most-powerful-pitch-deck-frameworks-to-rock-your-investor-presentation-602e805bb394)
* [12 Storytelling Techniques to Supercharge Your Pitch](https://medium.dave-bailey.com/12-storytelling-techniques-to-supercharge-your-pitch-ddc14f34b17a)
* [How Fast Must a SaaS Startup Grow to Raise a Series A?](https://tomtunguz.com/mrr-growth/)
* [How much funding is too little? Too much?](https://pmarchive.com/guide_to_startups_part6.html)
* [The equity equation](http://paulgraham.com/equity.html)
* [How much dilution makes sense for a founder](https://medium.com/theventurecity/how-much-dilution-makes-sense-for-a-founder-31f0fe4985ca)
* [Why Most VC’s Don’t Sign NDAs](https://feld.com/archives/2006/02/why-most-vcs-dont-sign-ndas.html)
* [When the VCs say "no"](https://pmarchive.com/guide_to_startups_part2.html)
* [What to do when your fundraising is not going well](https://www.startuphacks.vc/blog/2016/05/25/what-to-do-when-your-fundraising-is-not-going-well)
* [7 Tips for Founders When Negotiating Term Sheets with VCs](https://www.startuphacks.vc/blog/7-tips-for-founders-when-negotiating-term-sheets-with-vcs)
* [Every Investor is Different. But Here Are 22 Reasons I Generally Say “No”](https://www.saastr.com/22-reasons-i-wont-fund-you/)
* [The Metrics You Need To Raise A Series A](https://blog.initialized.com/2021/06/the-metrics-you-need-to-raise-a-series-a/)

## Term Sheets

* [Term Sheet Series Wrap Up](https://feld.com/archives/2005/08/term-sheet-series-wrap-up.html)
* [The Ultimate Term Sheet Guide – all terms and clauses explained](https://blog.salesflare.com/term-sheet-guide)
* [Demystifying investment Terms (3 parts)](https://www.squarepegcap.com/blog/demystifying-terms-part-1)
* [A Standard and Clean Series a Term Sheet](https://www.ycombinator.com/library/4P-a-standard-and-clean-series-a-term-sheet)
* [Term sheet and closing](https://www.ycombinator.com/library/1x-term-sheet-and-closing)

## Negotiation

* [You have acquisition interest – now what?](http://davidcohen.wpengine.com/2010/06/18/you-have-acquisition-interest-now-what/)
* [How VCs Negotiate: 8 Skills Top Founders Master for Startup Fundraising](https://www.nfx.com/post/8-top-skills-founders-startup-fundraising/?utm_source=sg_email\&utm_medium=email\&utm_content=top-10-essays)
* [Founders, do not worry about the price, worry about having leverage](https://www.startuphacks.vc/blog/2019/07/11/founders-do-not-worry-about-the-price-worry-about-having-leverage)
* [How to actually commit investors to invest in your round](https://www.startuphacks.vc/blog/2016/02/05/how-to-actually-commit-investors-to-invest-in-your-round)
* [7 Tips for Founders When Negotiating Term Sheets with VCs](https://www.startuphacks.vc/blog/7-tips-for-founders-when-negotiating-term-sheets-with-vcs)

## Exits

* [Preparing Yourself For an Exit](https://www.techstars.com/the-line/advice/preparing-yourself-for-an-exit)
* [You have acquisition interest – now what?](http://davidcohen.wpengine.com/2010/06/18/you-have-acquisition-interest-now-what/)
* [The growth needed for a SaaS exit](https://blossomstreetventures.medium.com/the-growth-needed-for-a-saas-exit-17c7dfe51bd6)
* [Roadmap to a SaaS IPO: how to unicorn your way to $100M revenue](https://www.stephnass.com/blog/saas-ipo-roadmap)
* [Top Tips for Technical Due Diligence Process](https://www.whitesourcesoftware.com/resources/blog/technical-due-diligence/)
* [Founders Guide to the Secondary Stock Sale](https://www.startuphacks.vc/blog/founders-guide-to-secondary-stock-sale)

## Legal agreements

* [Model Legal Documents](https://nvca.org/model-legal-documents/)
* [A Standard and Clean Series a Term Sheet](https://www.ycombinator.com/library/4P-a-standard-and-clean-series-a-term-sheet)
* [SAFE Financing Documents](https://www.ycombinator.com/documents/)
* [Open Source Seed Financing Legal Documents](https://www.avcal.com.au/AIC/Investment/Guidelines___Templates/AIC/Investment/Guidelines-Templates.aspx)
* [A No B.S. Guide to Startup Stock Option Grants](https://medium.com/swlh/a-no-b-s-guide-to-startup-stock-option-grants-526a8bc33c2b)
* [Startup Forms: Equity Compensation](https://www.orrick.com/en/Total-Access/Tool-Kit/Start-Up-Forms/Equity-Compensation)