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GRP Announces $200 Million Fund. Rebrands as Upfront Ventures

Both Sides of the Table

We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). Perhaps the biggest piece of new news is that after 17 years of operations we’ve changed our name from GRP Partners to Upfront Ventures. Let’s start with the fund. This month we closed our 4th fund of $200 million.

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Want to Know How First Round Capital was Started?

Both Sides of the Table

In the early 80’s he left academia to work on venture capital investing with Jim Simons, Renaissance Technologies. The discussion with Howard Morgan starts off by acknowledging Josh Kopelman as a co-founder of First Round Capital. Prior to First Round Capital, Howard had invested in two of Josh’s companies Infonautics Corp.

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How and Why To Be an Angel Investor

David Teten

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.

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‘Capital Efficiency’ doesn’t exist

K9 Ventures

In fact, when starting K9 I used my own startups as an example such capital efficiency. In my first company, SneakerLabs, the total capital raised was $1.15M. I started the company in December 1996, we sold the company in March 2000 (3+ years). So, we were capital efficient, but only because we had no other choice.

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‘Capital Efficiency’ doesn’t exist

K9 Ventures

In fact, when starting K9 I used my own startups as an example such capital efficiency. In my first company, SneakerLabs, the total capital raised was $1.15M. I started the company in December 1996, we sold the company in March 2000 (3+ years). So, we were capital efficient, but only because we had no other choice.

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What if it’s 1996, not 1999?

Seeing Both Sides

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of trading, ending with a $1.2 billion market capitalization. The Internet bull market continued to run for four more years after the Open Market IPO, finally ending in the spring of 2000. But what if it’s actually more akin to 1996?

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Business Week Report on “Radical Future of R&D” Misses Critical Capital Markets Link in Innovation Ecosystem

Pascal's View

Unfortunately, Mr. Slywotzky makes an important assertion about venture capital that is incorrect. But from 2000 to the end of 2007, the rate plunged to 900,000 a year. First, the venture capital business is contracting severely: From the April 18th, 2009 NVCA/PWC Moneytree report: “Venture capitalists invested just $3.0

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