Feld Thoughts

DECEMBER 9, 2015

The conversation around AvidXchange brought to light the magnitude of the opportunity we have to invest in interesting companies outside of our early stage portfolio. We also had a long conversation about our GP fund investing strategy. He has been on our advisory board and for the past eight years has been a key advisor to us.

Later Stage 70

Later Stage Early Stage Advisory Board Deal Flow 70

venturehacks.com

MARCH 21, 2008

If an advisor can uncork a million dollars of your company’s latent value with 15 minutes of conversation or a single introduction, you should pay him appropriately. Normal advisors are also assembled by naive entrepreneurs who think the mere presence of an advisory board will create social proof and help them raise money.

Advisory Board 44

Advisory Board Cap Table Vesting Equity 44

VC Adventure

DECEMBER 9, 2015

The conversation around AvidXchange brought to light the magnitude of the opportunity we have to invest in interesting companies outside of our early stage portfolio. We also had a long conversation about our GP fund investing strategy. He has been on our advisory board and for the past eight years has been a key advisor to us.

Later Stage 48

Later Stage Early Stage Advisory Board Deal Flow 48