K9 Ventures

AUGUST 14, 2017

The new $42M fund is backed by several high quality institutional partners, including university endowments, fund of funds, family offices, and key individuals. I would like to thank all the limited partners who entrust me and K9 to invest their capital. I first thought about starting K9 in 2008.

Technology 96

Technology LP San Francisco Portfolio 96

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). Our 2008 fund looks spectacular. I now observes the fund raising process as a profession. I’ve tried to make this advice as well-rounded and biased free as I can.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Both Sides of the Table

OCTOBER 1, 2009

In my previous post, The VC Ice Age is Thawing (for now) I wrote about the reasons why the VC market came to a screeching halt in September 2008 and remained largely shut until at least April 2009. There are now signs the VC market has gathered pace meaning it’s a great time to be fund raising.

IPO 255

IPO Investment Bankers Venture Capital Marketing 255

www.xconomy.com

JUNE 9, 2012

Coats says their underlying thinking was sophisticated enough to attract more than 30 venture capitalists to invest personally as limited partners in Correlation Ventures’ first fund, along with college endowments, pensions, funds of funds, and other conventional investors.

San Diego 40

San Diego Venture Capital Technical Review San Francisco 40

Altgate

MAY 1, 2009

I’m a visual person so here’s how I see it: Entrepreneurs start companies and the founders (“F&# in my chart) invest capital which they grow with sweat equity and then limited partners (“LPs&# ) invest capital via VCs which in turn grows the pie to the eventual “exit&# (which comes in the form of M&A or IPOs).

Sweat Equity 28

Sweat Equity Private Equity IPO Venture Capital 28

David Teten

MARCH 2, 2013

The first is that the ThomsonOne database shows capital weighted average returns consistently beating simple average returns for vintage years 1980-2008, implying that larger funds do better than smaller funds. Tom draws on two metrics to demonstrate that larger funds are, in fact, more likely to be top performers.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

K9 Ventures

DECEMBER 9, 2008

I’ll try to list at least some of them here: Lack of IPO and M&A exits : Q2 2008 was the first quarter in 30 years in which not a single venture backed company exited via an IPO (see NY Times article ). If that isn’t enough doom and gloom so far, I’m sure you can dig up a lot more.

Venture Capital 48

Venture Capital Capital Call Portfolio Stock 48

Altgate

MARCH 8, 2009

I say ecosystem as opposed to industry because it is not just the VC funds themselves that are imploding, instead the collapse includes entrepreneurs and startups that were funded by VCs, angel investors, service providers like lawyers, bankers and accountants as well as limited partner investors in VC funds.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

Professor VC

JANUARY 20, 2009

Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. Our lead investor, Triangle Peak Partners closed on a $170 million first fund in late 2008. ► 2008. (14). With that in mind, new funds are a great place to focus. ► May. (1). ► March. (1).

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Professor VC

FEBRUARY 26, 2010

My first reaction is incredulity that limited partners would buy into this idea. ► 2008. (14). The formula will be based on the founders experience, schools they attended and other background information to gauge the likelihood of success. Seed stage investing is all about the team, so there may be something to this idea.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28

Seeing Both Sides

MARCH 19, 2009

.   We at Flybridge Capital Partners are currently looking at a new deal with DFJ and one of the general partners there reported that her best CEOs are proactively, voluntarily dropping their annual salaries to $75-100k in this environment. Why this seemingly irrational behavior from entrepreneurs?

Entrepreneur 22

Entrepreneur Salary DC Equity 22

Professor VC

SEPTEMBER 24, 2009

I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. ► 2008. (14). Lets get back to the topic of gut investing. They clearly went on gut and were often accused of drive-by investing, but that has to be the only way to invest in 200 companies over a 3-year period. ► May. (1).

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

This is going to be BIG.

DECEMBER 3, 2012

Sure, when s**t really hits the fan, like in 2008, and the whole market goes haywire, everyone's going to feel it, but in any kind of normal environment, hedge fund returns should be largely uncorrelated to anything else. I experienced that myself with my startup in 2008 and 2009. Those companies didn't execute as well as they should.

Venture Capital 113

Venture Capital Equity Engineer Limited Partner 113