David Teten

JULY 12, 2012

To begin with, the best PR you can build is through satisfied customers with high Net Promoter scores. E.g., See ffVC’s blog post about the JOBS act, which discusses portfolio company Indiegogo. ff Venture Capital recently hosted an event in its offices to feature two of its portfolio companies: MovableInk and Parse.ly.

Venture Capital 122

Venture Capital PR Technical Review Startup 122

Both Sides of the Table

JUNE 27, 2021

When you’ve been playing the game a bit longer or when you have responsibilities at the fund level you start thinking more about “portfolio construction.” So if you truly want to be great at investing you need all the right skills and access AND a diversified portfolio. You’re thinking about one bullet at a time.

Bankruptcy 294

Bankruptcy Bridge Financing Portfolio Angel Investor 294

Startup Professionals Musings

JUNE 5, 2015

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). billion collected in 2014. What ends up, usually went down first.

Angel Investor 120

Angel Investor Angel Groups Accredited Investor IRR 120

Austin Startup

MARCH 20, 2017

As investors ask for more impact investment solutions, retail investors like BlackRock, Prudential and Bain Capital have moved off the sidelines over the past year and added impact investment offerings like otherexisting firms such as JP Morgan, Morgan Stanley, and Merrill Lynch.

Private Equity 54

Private Equity Venture Capital United States Equity 54

Both Sides of the Table

JULY 16, 2010

LP’s who invest in funds are typically university endowments, public & private pension funds, insurance companies, large corporations and very high net worth individuals called “family offices.&# To give you an indication of how bad, for example, university endowments are suffering check out this chart.

LP 311

LP Technical Review Early Stage Silicon Valley 311

David Teten

NOVEMBER 26, 2019

So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility. Disclosure: Graphite Financial is a spinoff of ff Venture Capital , where I was formerly a Partner. Guest contributed to Techcrunch.

Agile 60

Agile Management Forecast Silicon Valley 60

Startup Professionals Musings

MARCH 16, 2016

People are even talking about “decacorns" -- investable companies with net worth now exceeding $10 billion -- like Dropbox and Pinterest. This term refers to an initial venture-capital investment, often wrongly sought to seed early product development. Prime examples include Uber, Airbnb and Snapchat. Seed-round investment.

Software Review 120

Software Review Sweat Equity Accredited Investor Angel Investor 120

David Teten

SEPTEMBER 16, 2014

That’s a sizeable amount, especially in comparison to the US venture capital industry, which similarly invests over $20 billion annually. In 2013, 298,800 angels invested in 70,730 entrepreneurial ventures, according to the 2013 Angel Market Analysis by the Center for Venture Research at the University of New Hampshire.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

This is going to be BIG.

JULY 8, 2013

I probably get around a dozen e-mails a week asking me how to get into venture capital. On top of that, anytime I talk to anyone who wants to get involved in startups but isn''t sure what they want to do, inevitably, I hear, "And then I was thinking maybe I should look into venture capital, too.". Know thy self.

Venture Capital 167

Venture Capital Early Stage Portfolio Private Equity 167

Steve Blank

MARCH 31, 2014

As the venture capital business has come roaring back in the last 5 years, startups are awash in available capital. Instead of measuring success in dollars of profit, …firms focus on measuring capital efficiency. Perhaps that’s because where established companies might see risks or threats, startups see opportunity.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

Version One Ventures

JULY 30, 2019

It was a $15m early-stage fund that we invested in 20 portfolio companies over the course of two and a half years. We’re now seven years in and the portfolio is maturing. I plotted the return multiples (as of June 30, 2019) for all 20 portfolio companies in the chart below. This is particularly true with seed-stage investing.

Portfolio 167

Portfolio Early Stage Seed Stage Venture Capital 167

David Teten

JANUARY 23, 2021

The next best move is to build your core team, e.g., recruit an Advisory Board, Venture Partners, and EIRs. For ideas, see How Executives Can Work from Home with Private Equity and Venture Capital Funds. Julia Rhee , Advisor to Typhon Capital Management, observes, “You need to reverse-engineer institutions’ checkboxes.

Private Equity 78

Private Equity Venture Capital Technical Review Software Review 78

David Teten

AUGUST 19, 2019

I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance.

Revenue 60

Revenue Technical Review Software Review Equity 60

David Teten

DECEMBER 16, 2015

Net Income (Loss). In addition, we typically ask portfolio companies to report on the following non-financial metrics: Universal Metrics. Net MRR Churn %. My colleague Cristian Valbuena , Controller of Portfolio Accounting, recently spent 3 days on-site at an ffVC company learning about the company, its needs and timeline.

Metrics 60

Metrics Analytics Balance Sheet .Net 60

This is going to be BIG.

JULY 30, 2015

You incorporate expected company returns, mortality rates, and fee structures to try to predict how a venture capital fund works from a cash in, cash out, and NAV standpoint. And no, the numbers don't exactly add up--but they're more than close enough for venture capital. It's also not the "average fund".

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

The Startup Magazine

MARCH 22, 2019

The question of venture capitalist versus angel investor often arises. Venture capital and angel investments offer excellent options to startup businesses. Most venture capital firms focus on targeted sectors of the business world, such as software, or on a specific geographical area when entertaining possible investments.

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

Both Sides of the Table

MAY 24, 2021

Since funds were driven by extreme successes in their portfolios where just one deal could return 5x the entire fund while 95% of the fund may have done well but not amazing, not missing out on deals was critical. The Valley has obsessed with a quick up-and-to-right momentum story because we were thought to live in “winner take most” markets.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

BeyondVC

JANUARY 3, 2019

This year was a banner year as boldstart portfolio cos raised over $150mm of follow on capital from some of the top Series A and B investors (highlights below). This means more collaboration with the Fortune 500 and more go-to-market experience as our portfolio companies navigate their path to first customers.

Stealth 79

Stealth Advisory Board Cloud Virginia 79

Version One Ventures

APRIL 8, 2014

The net effect is powerful: it empowers all of us (no matter who we are or where we are) to learn more quickly, make better decisions, and operate more efficiently. Thus, it should come as no surprise that we are now seeing Venture Capital being disrupted by these forces as well. Today, the boom of information (i.e.

Venture Capital 160

Venture Capital Vertical Curation SEC 160

The Startup Magazine

FEBRUARY 24, 2021

They are high net worth individuals who are also accredited investors. The requirement for accredited investors either $200,000 in annual income or over $1,000,000 net worth. They’re looking to diversify their portfolio from just stocks and bonds.

Accredited Investor 90

Accredited Investor Angel Investor Initial Public Offering Due Diligence 90

Both Sides of the Table

MAY 4, 2010

We also talked a lot about Geodelic , a portfolio company of Clearstone, who is trying to change the metaphor of how people discover location based information by partnering with large companies and brands. If this figure is accurate – it’s certainly a very large business even when you look at net revenues.

IPO 236

IPO .Net Venture Capital Strategic Investors 236

David Teten

AUGUST 6, 2015

My colleague Paul Bianco serves as interim CFO for a number of ff Venture Capital ’s portfolio companies, and has built and reviewed hundreds of financial models. A good model needs to factor in cash collections, disbursements, and other working capital considerations with a Balance Sheet and Statement of Cash Flows.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

David Teten

DECEMBER 3, 2019

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . The proportion of LPs using technology to manage their portfolios will continue to increase, and GPs unable to provide quality data to LPs will find it increasingly hard to retain and attract LPs.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

OCTOBER 14, 2015

One of the points I tried to make is that as venture capital investors as an industry we seem to have a healthy disdain for public market investors. Today I called it, “our own little VC led, portfolio-by-portfolio company version of RIP Good Times from 7 years ago.” What is your cash balance?

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

Austin Startup

MARCH 8, 2021

Even though it is not part of our investment mandate to select female founders, we believe talent can come from anywhere, and we’re emphatic about casting a wide net to meet potential founders of all types. And as of last month female-led companies make up 45% of Sputnik ATX’s portfolio.

Early Stage 63

Early Stage Cofounder Washington Startup 63

David Teten

AUGUST 21, 2019

Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? Companies Lighter Capital has funded on average have negative 14% net margins.” RBI capital is normally treated as debt. Remember, VCs are comfortable with the venture debt model already.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Cracking the Code

JANUARY 22, 2009

While it may make sense to offer very slight adjustments for favorable payment terms and one time revenue, net additions to MRR should dominate the sales rep’s thoughts. Portfolio. (3). Venture Capital. (3). Explore Venture Capital. which is very close to the typical 8% paid for sales commissions.

Software Review 91

Software Review Clawback Sales Salary 91

Eric Friedman

AUGUST 18, 2021

I lovingly call him the curmudgeon of fintech – in this episode we go deep into how he is building a venture capital firm and practice, not just running a fund and how he views the world of fintech investing. One of the ones that really bothers me is how Venture Capitalists try and conflate what they do as being complicated.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

This is going to be BIG.

APRIL 29, 2011

Bad intros usually include some service provider, like some high net worth management guy looking to get me to invest with him. You may decide that where you are now compared to where you'll be in three months isn't a good time, and that's fine, but let's not pretend that you're not a tech entrepreneur in the office of a venture capital firm.

Technical Review 114

Technical Review Early Stage Due Diligence Venture Capital 114

www.quora.com

JANUARY 16, 2011

Find Questions, Topics and People Add Question Add Question Venture Capital Venture Capital Term Sheets Startups Term Sheets What are examples of good startup term sheets? Y Combinator publishes the templates used in its portfolio companies' angel rounds: [link] r.com/seriesaa. org/2009/02. org/index.php?op.

Term Sheet 41

Term Sheet Startup Angel Investor Wiki 41

The Equity Kicker

JANUARY 10, 2020

Nic is also the author of one of Europe’s most popular venture capital blogs – www.theequitykicker.com. The industry classic is NPS – the Net Promoter Score; and we encourage all our companies to track that as soon as they can. Let’s start with the obvious question. And what are the metrics for customer love?

Partner 68

Partner Early Stage Portfolio Metrics 68

The Startup Magazine

OCTOBER 3, 2019

Stock loans are a means of investing that, in the past, was only accessible to investors with a large net worth or international corporations. However, firms such as Easy Stock Loans allow you to expand your financial portfolio without staking precious assets. Image by Gerd Altmann from Pixabay. Strengths of Stock Loans.

Stock 75

Stock Angel Investor Startup SEC 75

This is going to be BIG.

NOVEMBER 28, 2011

Associate position at a top tier VC fund or lead dog for a random pool of high net worth money that no one's ever heard of? That's why people often take the portfolio approach when managing their career. Should I take the low level biz dev job at Amazon or the lead biz dev role for an unfunded, three person startup?

Non-Compete 115

Non-Compete Design Hiring Incubator 115

thebarefootvc

MARCH 8, 2012

While the seed capital gap has closed, there are still only a handful of venture capital firms here in NYC investing in the crucial Series A/B rounds. In contrast, many Silicon Valley funds are large with much capital to put to work (which is why we are seeing them lead NYC deals at these stages).

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

Growthink Blog

OCTOBER 8, 2012

For a sense of the extent of how bad this problem is, a partner I know at a prominent venture capital firm estimates that of the 30+ companies that his firm has invested in, only two have consistently met or exceeded their financial projections. Please let me be clear: on their own these factors do NOT make a business valuable.

Forecast 105

Forecast Intellectual Property Venture Capital .Net 105

Babbling VC

APRIL 29, 2013

I was reminded of one pet peeve I had from my past in venture capital when reading about Spark''s newest development. I too felt that it was always quite ridiculous to charge legal fees of a VC fund back to the portfolio company after you financed them.

Bootstrapping 71

Bootstrapping Venture Capital .Net Portfolio 71

BeyondVC

JULY 19, 2005

Robert Scoble has asked the VCs to respond to an eWeek article titled Is.Net Failing to Draw Venture Capital Loyalty? There is not much for me to add to this article as we all know that the only loyalty VCs have is to their Limited Partners to generate long-term capital gains. " To that end, let me talk about.Net.

.Net 60

.Net Java Limited Partner Venture Capital 60