Feld Thoughts

JULY 28, 2014

On paper, only one is in positive return territory as a fund, but the SBIC leverage is a substantial negative factor for the LP investors in that particular fund. As a partner in one of the most visible VC firms in Colorado and an LP in many of the Colorado VC firms, I’ve never heard from Matthew or anyone from the SBIC.

SBIC 142

SBIC Venture Capital Colorado SBA 142

Both Sides of the Table

OCTOBER 14, 2015

I spoke at Michael Kim’s excellent annual Cendana VC/LP conference today. You can read it in VCs discussions about hedge fund managers, activist investors or the need to have dual-share voting structures. This will be seen as a watershed moment in the wake-up call and rationalization of our industry. Others will follow.

Burn Rate 150

Burn Rate San Francisco Private Equity LP 150

K9 Ventures

AUGUST 14, 2017

It was a conscious decision to maintain the fund size at the same level, despite both market pressure (larger rounds at earlier stages) and demand pressure (lots of LP money entering the stage) to raise a larger fund. I first thought about starting K9 in 2008. K9’s last fund, K9 Ventures II, L.P., was a $40M fund.

Technology 96

Technology LP San Francisco Portfolio 96

David Teten

MARCH 2, 2013

He surmises that LPs aren’t buying the argument that large funds don’t perform. Beyond the fact that LP capital commitments don’t prove anything about returns, however, large funds are likely much more resilient to a few bad years than small funds are. But why would any LP ever drop out of such a fund?

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

The Equity Kicker

JANUARY 11, 2013

I was chatting with a friend last night about the lack of institutional investor (LP) interest in European venture capital as an asset class. I think that if you believed everything in the table above and you backed yourself to be able pick a good fund manager you would be pretty keen on investing in European venture.

LP 143

LP Europe Institutional Investors Venture Capital 143

Both Sides of the Table

MAY 23, 2012

Thomson Reuters data shows that around $10 billion of LP money went into VCs per year pre bubble. By 2000 the total LP commitments had mushroomed to more than $100 billion. For starters we saw a huge influx of inexperienced managers enter the VC industry proving clearly that being a VC is not a purely quantitative job.

Venture Capital 347

Venture Capital Technical Review LP Mobile 347

Haystack

APRIL 27, 2018

At a minimum, getting to the Series A derisks (perhaps temporarily) a seed investment in a world where the shapes of investment outcomes can take a decade or more (consider, Uber is now a decade old and DocuSign, which just went public, was started in 2008).

Naming 60

Naming Venture Capital Seed Stage Cap Table 60

Professor VC

NOVEMBER 19, 2009

I attended the annual LP meeting for a venture capital firm this week and got into a discussion about the above question. ► 2008. (14). I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. ProfessorVC. ► May. (1).

San Jose 43

San Jose Silicon Valley Las Vegas Venture Capital 43

Altgate

MARCH 8, 2009

What I can tell you is that total private equity assets under management was reported as $2.5 As everyone knows, what is being reported as dry powder isn’t real as many of those LP commitments would not survive a capital call (and thus capital calls aren’t being made). trillion as late as last month.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34

Both Sides of the Table

JANUARY 16, 2012

These include building products, recruiting, managing your finances, marketing, selling, getting feedback from customers and … fund raising. ” What he meant was that since your scarcest resource as a manager or sales rep is your time you need to qualify better. People who manage processes make more sales.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Agile VC

NOVEMBER 13, 2012

There was a healthy amount of capital ($20-30B annually) invested in VC funds during the 2003-2008 timeframe. The entire US economy was booming (in an unsustainable debt binge, in retrospect) from 2004 through much of 2008, and the tech world was booming along with it. In the mid 2000′s VC’s were largely prospering.

LP 154

LP Portfolio Venture Capital IRR 154

Agile VC

JULY 24, 2013

I was having breakfast this morning from someone I know from the LP world. We were talking about what’s “working” in the broader VC ecosystem and this person expressed their enthusiasm that today there are a range of different models that are producing attractive returns for LPs.

Valuation 200

Valuation Early Stage Distribution LP 200

Professor VC

SEPTEMBER 24, 2009

I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. ► 2008. (14). I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. Lets get back to the topic of gut investing. ► May. (1). ► July.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

VC Cafe

JULY 6, 2010

The company was founded in 2008 and is based in Herzlia Pituach, Israel. Given that Sequoia is also invested in Kenshoo for SEM campaign management, we can help but wonder if the fund is doubling down on advertising management solutions? FIE Investment Management LLP;Forum International Equity Fund Ltd. -. Pontifax Ltd.;

Private Equity 99

Private Equity Venture Capital Equity 99

VC Cafe

JULY 6, 2010

The company was founded in 2008 and is based in Herzlia Pituach, Israel. Given that Sequoia is also invested in Kenshoo for SEM campaign management, we can help but wonder if the fund is doubling down on advertising management solutions? FIE Investment Management LLP;Forum International Equity Fund Ltd. -. Pontifax Ltd.;

Private Equity 99

Private Equity Venture Capital Equity 99