Both Sides of the Table

APRIL 13, 2011

Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. We have a theme we call Protocol, which are technology protocols and markets built around technology protocols like SMTP for email and RSS. Is that when it became big? was starting. was starting.

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

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

Both Sides of the Table

APRIL 2, 2010

This is part of my series on Understanding Venture Capital. billion under management.&# I don’t really understand why VCs do this since it’s mostly a meaningless number. And funds also have investments from the partners of the firm. So VCs often raise money every 3-5 years if they can.

Venture Capital 269

Venture Capital Balance Sheet Early Stage Software Review 269

Both Sides of the Table

JUNE 8, 2010

Greycroft is Alan’s venture capital firm that recently raised its second fund ($130 million) with offices in both New York and LA. Get your product/market fit working before you ramp up your costs (or raise too much money). My action item – I will soon announce the GRP Partners CEO Summit.

PR 279

PR Technical Review Portfolio Customer Development 279

thebarefootvc

AUGUST 13, 2013

Whereas I may have seen a dozen companies in 1999 with a point solution in a particular area, now I see multiples. While there are some nuances in their solutions, these are not usually enough to validate so many startups in any given market, and larger companies are looking to snap up talent which is otherwise hard to recruit.

Advisory Board 70

Advisory Board Cloud Venture Capital Vertical 70

Pascal's View

SEPTEMBER 5, 2010

My contributions to this undergraduate textbook, Venture Capital: Theory & Practice , are the result of two important collaborations. Venture Capital started in China in 1985, when the first government-sponsored venture capital firm was established. Venture Capital is a popular buzzword in China.

Venture Capital 44

Venture Capital China Technical Review Due Diligence 44

Steve Blank

NOVEMBER 16, 2009

And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” Union Square Ventures The next morning I got to spend time with Brad Burnham , partner at Union Square Ventures talking about their investment strategy and insights about web-based businesses.

Customer Development 219

Customer Development Web Developer Customer 219

Feld Thoughts

JULY 31, 2014

This LP is also a long time investor in Union Square Ventures and was one of the first people Fred introduced us to when we started raising the first Foundry Group fund in 2007. The prior fund that I had co-founded – Mobius Venture Capital – had blown up after having a very successful first fund in 1997.

LP 155

LP Advisory Board Venture Capital Early Stage 155

www.inc.com

SEPTEMBER 24, 2011

Sales & Marketing | Wednesdays. SALES & MARKETING. Online Marketing. Bringing Innovation to Market. a 50-employee provider of e-marketing solutions to small and midsize businesses, based in Needham, Mass. Durkin , managing partner with the Boston -based law firm Lucash, Gesmer & Updegrove LLP. Newsletters.

Fractional CTO 40

Fractional CTO Equity Iowa Technical Cofounder 40

David Teten

APRIL 16, 2012

ff Venture Capital is creating a new, spin-off business from an existing company, and we need a team to take the reins. About ff Venture Capital ( http:/ffvc.com ) : We are one of the most active early-stage investors in New York. Since 1999, our partners have made over 150 investments in over 55 companies.

Cofounder 133

Cofounder New York Venture Capital B2C 133

thebarefootvc

DECEMBER 16, 2011

Mobile Marketing Comes of Age: Retailers finally began to see the promise of location based applications and consumers changed their shopping behavior using their mobile devices. Disruption in the Education Space: When I first started looking at education technology investments in 1999, very few VCs would go near the sector.

Technical Review 110

Technical Review India Mobile Hockey Stick 110

thebarefootvc

AUGUST 26, 2015

After a tumultuous week in global markets, today the US stock market ended higher on the session. As a former investment banker who followed the markets closely once upon a time (especially when I was in the midst of public market M&A transactions), I now have the luxury of watching from an arm’s length.

Marketing 40

Marketing Investment Bankers Valuation China 40

thebarefootvc

AUGUST 26, 2015

After a tumultuous week in global markets, today the US stock market ended higher on the session. As a former investment banker who followed the markets closely once upon a time (especially when I was in the midst of public market M&A transactions), I now have the luxury of watching from an arm’s length.

Marketing 40

Marketing Investment Bankers Valuation China 40

thebarefootvc

JULY 26, 2015

After a tumultuous week in global markets, today the US stock market ended higher on the session. As a former investment banker who followed the markets closely once upon a time (especially when I was in the midst of public market M&A transactions), I now have the luxury of watching from an arm’s length.

Marketing 40

Marketing Investment Bankers Valuation China 40

finance.fortune.cnn.com

AUGUST 21, 2012

Now Fortune has obtained more granular data, including returns for dotcom-era funds managed by such firms as Accel Partners, Benchmark Capital, General Catalyst Partners and Lightspeed Venture Partners. Overall, the fund-of-funds is 97% called for 45 funds raised between 1999 and 2002. Join the Conversation.

Naming 49

Naming Term Sheet Private Equity Equity 49

The Equity Kicker

APRIL 13, 2017

In 1999 when I started in venture capital there were no blogs and very few business books that were useful for entrepreneurs. Here at Forward Partners we have worked hard to contribute to this development by publishing The Path Forward – a playbook and set of practical guides for founders in their first year or two.

Lean 90

Lean Startup Silicon Valley Venture Capital 90

Both Sides of the Table

FEBRUARY 25, 2010

When I was raising money for my first company we had closed a seed round in 1999 and were working on our A round. We had many term sheets (it was 1999 and we had a pulse) and we were deciding which one to take. We were trying to optimize around a few criteria: price, size of round, number of syndicate partners and, of course, terms.

Technical Review 301

Technical Review Term Sheet Due Diligence Venture Capital 301

Both Sides of the Table

NOVEMBER 4, 2009

If you’re thinking about joining as the director of marketing, product management manager, senior architect, international business development lead, etc. It was 1999. I usually pull the old trick of answering a question with a question. My reply is usually, “is it time for you to earn or to learn?&#.

Stock Options 418

Stock Options Stock Liquidation Preference Option Pool 418

David Teten

FEBRUARY 6, 2013

David Teten, Partner, ff Venture Capital ; Chairman, HBS Alumni Angels of Greater New York. Karen Bantuveris has 15 years experience as a consultant in customer centric- leadership development, marketing strategy and business process design. Karen Bantuveris, CEO of VolunteerSpot ( ff VC and angel-backed startup with 2.5m

Private Equity 114

Private Equity North America Cofounder Angel Groups 114

Both Sides of the Table

OCTOBER 15, 2009

This is a story of one of the risks of venture capital. But some companies have entrepreneurs that seem talented on paper, are in a space that seems interesting to investors and are able to raise venture capital early in the company’s existence. We built 4 products simultaneously with no market feedback.

Founder 299

Founder Technical Review Startup Venture Capital 299

Steve Blank

APRIL 11, 2013

Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment. Innofund is designed to bridge early stage technology companies that have innovative technology and good market potential but are too early for commercial funding (banks or VCs.) The best analog for China’s InnoFund is the U.S.

Programming 278

Programming Technical Review SBIR China 278

VC Adventure

NOVEMBER 24, 2009

In the latest lob into the morass that has become somewhat of a sport amongst journalists and those that follow the venture capital industry, Carl Schramm and Harold Bradley write in BusinessWeek about “ How Venture Capital Lost Its Way ”. Venture capital funding is down - from an “astonishing” 1.1%

Venture Capital 48

Venture Capital Technology Advertising Internet 48

thebarefootvc

JULY 3, 2016

New funds have popped up in increasing numbers over the last few years – but I saw gaps in the market that needed to be filled. There is still a lot of work ahead, but the market has been overwhelmingly responsive to the original thesis. And…I wanted to have fun and work with great people while doing so.

North America 40

North America Early Stage New York City Portfolio 40

David Teten

FEBRUARY 3, 2014

Prior to joining ff Venture Capital , I published the first-ever study of how private equity and venture capital funds originate new investments, with my coauthor Chris Farmer , CEO of SignalFire and an experienced VC. ff Venture Capital. First Round Capital. Acquirer/ Investor. 2009) [ii].

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114

thebarefootvc

FEBRUARY 3, 2016

New funds have popped up in increasing numbers over the last few years – but I saw gaps in the market that needed to be filled. There is still a lot of work ahead, but the market has been overwhelmingly responsive to the original thesis. And…I wanted to have fun and work with great people while doing so.

North America 40

North America Early Stage New York City Portfolio 40

Steve Blank

APRIL 11, 2013

Set up in 1999, Innofund offers grants ($150 – $250K), loan interest subsidies and equity investment. Innofund is designed to bridge early stage technology companies that have innovative technology and good market potential but are too early for commercial funding (banks or VCs.) The best analog for China’s InnoFund is the U.S.

Programming 170

Programming Technical Review SBIR China 170

Pascal's View

AUGUST 21, 2011

question in venture capital. This time, the debate centers on the “favored few” Social Media venture backed companies that have brought tremendous windfalls to a select group of venture funds and management teams, both pre- and post-IPO. It has been a private market phenomenon much more than a public market one”.

Valuation 50

Valuation Social Media Media IPO 50

Both Sides of the Table

JANUARY 16, 2012

I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I’ve raised in boom markets and when everybody thought the Internet was a fraud. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies.

Developer 366

Developer Silicon Valley PR Las Vegas 366

This is going to be BIG.

NOVEMBER 7, 2011

Companies that find product/market fit deserve to grow--and if there are enough of those, there will be enough capital to follow them. Public market holdings aren't dominated by internet companies with questionable business models the way they were in the late 90's. stock market." Facebook is doing billions in revenues.

Angel Investor 104

Angel Investor Valuation Startup Revenue 104

Seeing Both Sides

APRIL 12, 2012

When I first entered the venture capital business 10 years ago after being an entrepereneur, my partners warned me that "my bar" for new investments would get higher over time. Isn't there plenty of euphoria and "animal spirits" to go around with the IPO market returning, marquee acquisitions (e.g., I'll wait.).

IPO 44

IPO Metrics Venture Capital Social Media 44

Altgate

MAY 1, 2009

I’m a visual person so here’s how I see it: Entrepreneurs start companies and the founders (“F&# in my chart) invest capital which they grow with sweat equity and then limited partners (“LPs&# ) invest capital via VCs which in turn grows the pie to the eventual “exit&# (which comes in the form of M&A or IPOs).

Sweat Equity 28

Sweat Equity Private Equity IPO Venture Capital 28

online.wsj.com

JULY 11, 2012

Loading… Markets. Over the past two years, one of the most influential venture-capital firms has turned the usual rules of start-up investing on its head. In the early days of venture capital, when money was scarce, entrepreneurs often gave up control of their company in exchange for their first investment funds.

Silicon Valley 42

Silicon Valley Founder Software Review Technical Review 42

VC Cafe

JANUARY 20, 2014

Last year, the VC industry partied like its 1999. The bull market will celebrate its 5 th anniversary in March (NASDAQ grew 38.3% last year, more than any other major index), and the IPO market is booming. Content Marketing : Brands understand the value of objective, toned-down, and highly relevant content. Bubble 2.0 $4.2

Venture Capital 155

Venture Capital Pre-Money Valuation IPO 155

abovethecrowd.com

APRIL 20, 2016

Why the Unicorn Financing Market Just Became Dangerous…For All Involved. In February of last year, Fortune magazine writers Erin Griffith and Dan Primack declared 2015 “ The Age of the Unicorns ” noting — “Fortune counts more than 80 startups that have been valued at $1 billion or more by venture capitalists.” Emotional Biases.

IPO 40

IPO Term Sheet Silicon Valley Valuation 40

abovethecrowd.com

FEBRUARY 27, 2019

In 1999, Jack Ma created Alibaba , a Chinese-based B2B marketplace for connecting small and medium enterprise with potential export opportunities. Without the proper technology to match people who wanted a ride with people who could provide that service, taxi and chauffeur companies were drastically underserving the potential market.

Internet 88

Internet Matching Vertical Hosting 88

Seeing Both Sides

MAY 26, 2009

Amid the hoopla a few weeks ago at the annual NVCA meeting, where the focus was rightly on improving liquidity, it was barely noticed that a new chairman was elected – Polaris co-founder and managing general partner Terry McGuire, one of the leading life sciences investors in the industry.  3)      Life sciences.

Private Equity 20

Private Equity Boston Massachusetts IPO 20

Both Sides of the Table

JANUARY 31, 2010

Mine started this way … I started my first company in the “go-go years&# of the Internet: 1999. We raised a seed round of capital in 1999 and our first venture capital round was the first week of March 2000 (e.g. a few days before the wheels came off of the market). We were based in London.

Entrepreneur 308

Entrepreneur Silicon Valley San Diego Non-Compete 308