Both Sides of the Table

OCTOBER 19, 2009

I had previously raised VC in 1999, 2000, 2001 and 2005. On December 3rd Brad Feld wrote a one paragraph blog post titled “ Raising Venture Capital &# in which he linked to my blog. The Original Post (after the jump): Venture Capital, By Mark Suster (December 2nd, 2006). Thus is venture capital.

Venture Capital 274

Venture Capital Term Sheet San Diego Viral 274

Feld Thoughts

JULY 28, 2014

The SBIC was instrumental in the creation of the venture capital business. If you want to see a fun quote on it, read A History of Silicon Valley which quotes: “ …many venture capital pioneers think the SBIC program did little to advance the art and practice of venture investing.

SBIC 142

SBIC Venture Capital Colorado SBA 142

Both Sides of the Table

JULY 22, 2010

Back in 1999 when I first raised venture capital I had zero knowledge of what a fair term sheet looked like or how to value my company. Due to competitive markets we ended up with a pretty good term sheet until we needed to raise money in April 2001 and then we got completely screwed.

Valuation 405

Valuation Liquidation Preference Pre-Money Valuation Term Sheet 405

VC Cafe

JULY 4, 2022

What’s happening in the venture capital world? The WSJ confirmed what we already know: Q2 venture capital investments declined both in size and in valuation. Venture Capital Feels the Stock Market’s Pain, Wall Street Journal. Declining investment: U.S. VC funds invested about $47.5 How bad can it get?

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

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

Austin Startup

JUNE 27, 2017

Austin-Based Venture Capital Firms There are a eleven venture capital firms based in Austin that are actively investing today, six of which are first funds. VC Firms Actively investing in Austin Companies Finally, there are a group of venture capital firms that are not based in Austin that are active investors here.

Venture Capital 54

Venture Capital Austin Texas Private Equity 54

This is going to be BIG.

APRIL 3, 2012

I've been in venture capital (with the exception of a year in product management and two years as an entrepreneur) since 2001, when I started doing late stage venture and fund investing at a big financial institution.

Technical Review 102

Technical Review Software Review Due Diligence Venture Capital 102

This is going to be BIG.

MAY 5, 2023

It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. For me, I don’t mind sharing how I think about it.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

This is going to be BIG.

JULY 30, 2015

One of the first things I did when I joined the venture asset class as a lowly institutional LP analyst in 2001 was to build the VC fund cashflow model. 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.

Venture Capital 60

Venture Capital Pre-Money Valuation IRR Valuation 60

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. So the people who invest in VC funds have two problems.

LP 311

LP Technical Review Early Stage Silicon Valley 311

Startup Lessons Learned

JULY 11, 2019

I've been in venture now twice. The first time was just for a couple years, from 2001-2003, before I went to grad school. I was in Boston, working for the first time in venture capital as an analyst for this guy who was incredible and an amazing mentor. How do you develop power within a venture capital firm?

Founder 68

Founder Lean Venture Capital Cofounder 68

Both Sides of the Table

JUNE 22, 2011

An obvious example is Google who may have gotten less market attention if there would have been 8 well-financed competitors during the 2001-2005 timeframe. It’s what I love about entrepreneurship and about venture capital. Those with strong business models suddenly stand out when the tide goes out.

Saudi Arabia 309

Saudi Arabia Valuation IPO Technical Review 309

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

Ben's Blog

MARCH 24, 2011

Let’s look at public market comparables and venture capital flows to see if we can find a match. Venture capital flows. A basic driver for a private technology market bubble is the over-supply of venture capital into the sector. If too much venture capital hits the streets, valuations will bubble up.

Technical Review 78

Technical Review Venture Capital Valuation Database 78

Ben's Blog

MAY 24, 2021

billion multi-stage venture capital firm focused on IT-related investments… I also serve on various investment committees, including for the St. Jude Children’s Cancer Hospital and the Stanford Medical Center, and teach entrepreneurship and venture capital at the Stanford Graduate School of Business. 1990-1998 13.3%

SEC 36

SEC Accredited Investor IPO Technical Review 36

Feld Thoughts

APRIL 7, 2017

It’s the summer of 2001. By breakfast in the summer of 2001, the stock was trading under $1 / share. In addition to my role as co-chairman of Interliant (Len was my co-chairman), I was also a partner at Mobius Venture Capital, sitting on over 25 boards, including five non-US companies. I was exhausted. But he did.

SEC 148

SEC New York Venture Capital Partner 148

David Teten

JANUARY 13, 2015

The best way you can help them is build a big business with their backing, and that requires you to appear self-made. [I should mention that disclosure of participation in the Venture Capital Access Program is optional.]. When I was running an Israel-based company in 1999-2001, my location was a significant barrier.

Venture Capital 60

Venture Capital Advisory Board Greece Cofounder 60

The Startup Magazine

NOVEMBER 13, 2018

Belnick founded BizChair.com with $500 in 2001. Carlson founded Polychain Capital in 2016. Venture capital firms Sequoia Capital and Andreessen Horowitz among others put $15 million into it. Peter is the founder of Bay Street Capital Partners. What have entrepreneurs been up to since then? Source: Pexels.

Cofounder 141

Cofounder Venture Capital India Valuation 141

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. China has the biggest Venture Capital industry outside the U.S. Entrepreneurship in Beijing.

Silicon Valley 267

Silicon Valley China Venture Capital Merger 267

Feld Thoughts

MAY 6, 2019

I’ve been involved in Return Path as an investor since 2001 when Return Path and Veripost merged as part of a funding done by Sutter Hill (Greg Sands), Flatiron Partners (Fred Wilson), and Mobius Venture Capital (me). I wrote the very long story in a post titled Return Path Acquires Netcreations in 2004.

Idaho 91

Idaho New York Venture Capital Partner 91

VC Adventure

SEPTEMBER 20, 2019

Correlation reran the data and produced some compelling data demonstrating that the market surges we’ve seen recently haven’t translated to meaningfully higher venture returns. Since 2001, financings that have produced a 10X+ returns have fluctuated some but remain modest.

Marketing 91

Marketing Venture Capital Finance Portfolio 91

VC Cafe

JANUARY 9, 2011

S ure, Israel is known the ‘Startup Nation’, but judging by the actual venture capital investments raised by Israeli startups in the last decade, Israel looks more like a continent. Billion dollars in the period of 2001-2010, says Globes in an article published today. Israeli startups have raised $11.1

Venture Capital 97

Venture Capital Early Stage Partner 97

Scalable Startup

AUGUST 26, 2014

Drupal was launched in 2001, and Acquia started in 2007. Angel Investor Drupal founder PHP Revenue Growth SaaS Scalability startup startup CEO venture Cash Flow CEOing leadership scalability tom nora venture capital' Acquia, Inc. more info on the funding round from @thewhir [link].

Founder 42

Founder Los Angeles PHP Open Source 42

Steve Blank

APRIL 13, 2013

The previous post described the evolution of the Chinese Venture Capital system. China Venture Capital. If it’s driven by profit then the ecosystem needs both entrepreneurs as well as Venture Finance. China has the biggest Venture Capital industry outside the U.S. Entrepreneurship in Beijing.

Silicon Valley 159

Silicon Valley China Venture Capital Merger 159

This is going to be BIG.

DECEMBER 2, 2014

I got my first job in venture--at GM--in February 2001. Venture Capital & Technology' I got an internship on the buy side at the GM pension fund in high school--in 1997. I started a business newspaper in 1998 in college covering the stock market and the economy. After my two year stint was up, I bought a domain name.

Venture Capital 110

Venture Capital Stock Naming Technology 110

Both Sides of the Table

MARCH 11, 2010

This is part of my ongoing series on Raising Venture Capital. Recently I’ve been debating with a number of young startup companies that are raising money in the next few months, “what is the right about of capital to raise at a startup?&#. It’s a tricky question with no clear answer. There are trade offs.

Venture Capital 319

Venture Capital Startup Silicon Valley Warrant 319

rapidrollout.wordpress.com

JANUARY 15, 2011

Though after the dotcom collapse of 2000-2001, there are many more than there were! If you’ve begun the process of raising capital, ask the angels or venture capital partners to recommend technologists who consult on a part-time basis. Why are consulting CTOs so scarce? Perhaps the more failures, the better?

Fractional CTO 40

Fractional CTO CTO CTO Hire Fractional VPE 40

Both Sides of the Table

JUNE 28, 2010

This lasted from about 2001-2004. Since then Mike his built his career by investing in early-stage companies (seed or series A), which is remarkable given that Polaris Ventures is a $1 billion fund. -Example of publishers include: moviefone, Fandango, Jingle, SayNow, and voice blogs. Founded in Sunnyvale, CA in 2001.

San Francisco 230

San Francisco Los Angeles Cofounder SMS 230

VC Cafe

OCTOBER 18, 2011

Last month, Teva Pharmaceuticals , has announced the launch of a corporate venture capital fund. In a recent Business Strategy Review article, London Business School professor Gary Dushnitsky notes that corporations across a wide array of industries are adopting a venturing approach. By Gary Dushnitsky.

Venture Capital 87

Venture Capital Global Marketing Product 87

Pascal's View

AUGUST 12, 2009

First, the National Venture Capital Association has published data revealing that over 90% of the jobs created by venture-backed companies occur AFTER they go public—and this relationship holds over the past 40 years.

IPO 28

IPO Silicon Valley Merger Sweat Equity 28

BeyondVC

JANUARY 3, 2019

Look at 2001 and 2008’s Lehman collapse and Sequoia RIP Good Times deck for lessons learned. Many startups were funded on growth alone and this is the year that efficient growth plays a huge part in determining who the next winners will be.

Stealth 79

Stealth Advisory Board Cloud Virginia 79

500hats.com

AUGUST 2, 2012

TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

The Equity Kicker

JULY 3, 2013

They are why I stayed in the venture industry through a difficult decade 2001-2011 and why I’ve now moved to a place where we can make earlier stage investments. Venture Capital' I wholeheartedly agree with these observations.

Startup 100

Startup Venture Capital Operations Cost 100

Both Sides of the Table

FEBRUARY 8, 2010

This is part of my ongoing series on Raising Venture Capital. Not so in venture capital. My chips were down in late 2000 / early 2001. I often tell people that raising money is worse than getting married. I have to be careful in how that sounds because I love my wife and am happily married. My story briefly.

Venture Capital 288

Venture Capital Term Sheet Cofounder Partner 288

K9 Ventures

SEPTEMBER 8, 2015

What led you to the venture capital world? In late 2000, early 2001 I started my second company to test whether I can build a successful company again. VN : Tell me a bit about your background. Where did you go to school? MK : I attended Carnegie Mellon for my undergraduate and masters. I started my first company when I was 20.

San Francisco 48

San Francisco Early Stage Portfolio Software Engineering 48

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. We have an entire generation of startup founders who don’t have muscle memory from getting their burn rates back into shape from 2008/09 or 2001-2005. Others will follow.

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150