Feld Thoughts

JUNE 20, 2014

Others had separate early stage funds and late stage funds, often with separate teams and economics (e.g. USV has done a magnificent job of investing in later stage rounds of their existing portfolio companies as well as later stage rounds of companies that fit tightly within their investment thesis.

Early Stage 147

Early Stage Later Stage Syndicate Syndication 147

Feld Thoughts

JUNE 20, 2014

Others had separate early stage funds and late stage funds, often with separate teams and economics (e.g. USV has done a magnificent job of investing in later stage rounds of their existing portfolio companies as well as later stage rounds of companies that fit tightly within their investment thesis.

Early Stage 108

Early Stage Later Stage Syndicate Syndication 108

David Teten

FEBRUARY 3, 2014

Leading Late-Stage Technology Investors’ Portfolio by Geography, 2001-1Q2010. Battery & Sequoia data only include late stage/growth equity deals. Summit Partners and TA Associates have leveraged their origination programs to move into later stage buyouts. Notes: Only for IT & related sectors.

Private Equity 114

Private Equity Venture Capital Technical Review Equity 114