2005 Founder Limited Partner Partner 
View from Seed
DECEMBER 4, 2019
The trends described above in VC performance have an upstream effect on Limited Partners which is somewhat counter-intuitive. Looking at all vintages from 2005 to 2014, the top 5% TVPI is between 40% to 127% better than the top quartile TVPI. This data seems to line up with the narrative I’m hearing on the ground. .
This is going to be BIG.
MAY 5, 2023
To put that timeframe in perspective, here’s a picture of analyst me taken at USV’s first office in 2005, dressed in khakis and a button-down shirt versus a picture of me, a GP at my own firm, over 100 deals later, now on my latest Zoom board call from my couch at home with my junior analyst of about a year and a half. No new investments.
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The Next Web
MARCH 8, 2014
From the standpoint of a founder, the life of a venture capitalist can seem very, very different. But at the end of the day, I’ve learned that being a partner at a successful early-stage VC firm is not quite as different from being a founder as you might think. Until then, there are no profits to the VC partners.
Both Sides of the Table
SEPTEMBER 28, 2011
He turned me down for a job in 2005. I spent time today negotiating it with him and getting my partners bought into some changes. We call these investors “LPs” for limited partners. Any of my partners or portfolio companies can attest otherwise. Yesterday I offered him a term sheet. Marketing.
Both Sides of the Table
OCTOBER 1, 2009
Sentiment is strong in personal portfolios and up commensurately with VC’s expectations that their last fund will now be worth something (and along with that increase the partners’ personal wealth). style euphoria that swept the Valley beginning in 2005. but I’ll save that for post 3/3). Seems an obvious fit.
Both Sides of the Table
JANUARY 16, 2012
I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). Partners make investment decisions. Meet in person. They’re buying you.
Altgate
MAY 1, 2009
The bottom line take away (for me) is that VC is capacity limited by the value of exits (M&A plus IPOs). Share and Enjoy: This entry was posted in Entrepreneurship , Startups , Venture Capital and tagged entrepreneur , exits , IPO , limited partners , M&A , private equity , startup , venture capital.
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