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I’m joining ff Venture Capital

David Teten

Since 1999, ff has made over 100 investments in over 35 companies , and from the beginning has been highly focused on generating industry leading returns. Although any given early-stage company is quite risky, when aggregated across a large portfolio, returns are very attractive. Official blog post and more details here.

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On the Road to Recap:

abovethecrowd.com

Many have noted that the aggregate shareholder value created by all of the Unicorns will vastly overshadow the losses from the inevitable failed unicorns. Many modern entrepreneurs have limited exposure to the notion of failure or layoffs because it has been so long since these things were common in the industry.

IPO 40
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Customers Love Free Stuff … But That’s Not Your Problem

abovethecrowd.com

Also, take a look at this critically important data point , also aggregated by Professor Jay Ritter. Hambrecht and Quist (based in San Francisco) which was one of four investment banks that catered to the entrepreneurs and VC-backed companies through the late 1990’s. This data set looks at 8,610 IPOS over 39 years from 1980-2019.

IPO 82