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. .
Both Sides of the Table
APRIL 2, 2010
If a VC fund you’re talking to raised a fund in 2005 or early and hasn’t yet raised a new fund they certainly will be thinking about it and trying to figure out how and when to raise a fund. I know many great funds that haven’t yet raised their new fund but may still get there. GRP’s last fund was in 2000.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
The Next Web
MARCH 8, 2014
That means the VC’s own investors (the “Limited Partners” or LPs) pay them $3 million a year to manage a $150 million fund, an expense that is debited from any profit sharing down the road on the investments. Storm Ventures’ 2005 vintage fund is on a tear, and should return perhaps 400 percent to its investors. Waiting game.
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. It’s an entrepreneur with whom I’ve been wanting to work for 6 years. Yesterday I offered him a term sheet.
The Equity Kicker
MARCH 19, 2012
As a reminder, LPs, or limited partners, are the investors in venture capital funds. The data shows that there were over 150 such exits for US companies, up from around 100 per year in the previous peak in 2005-2007, whereas Europe has yet to exceed the 40 or so deals at this level we were seeing at that time.
Both Sides of the Table
OCTOBER 1, 2009
But you can’t keep your pocketbook on the sidelines forever and still expect LPs (limited partners or the people who invest their money in VC funds) to pay you 2% management fees every year. style euphoria that swept the Valley beginning in 2005. So eventually the money has to start flowing.
Expert insights. Personalized for you.
256 
Let's personalize your content