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. As of near the end of September 2009, we’re up 46% since the March 9th nadir (yes, I need to find a way to use one of my SAT words ; – ).

Investment Bankers 255

Investment Bankers IPO Venture Capital Marketing 255

Hunter Walker

DECEMBER 18, 2013

From this fund you get paid a management fee each year and then a percentage of the profits ultimately made after returning the entire initial investment to your limited partners (you pay back your management fees before you consider the fund “returned”).

Cap Table 98

Cap Table LP Limited Partner Salary 98

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

K9 Ventures

MAY 14, 2011

They are still individual investors, they invest on a full-time basis as professionals, but they have funds with Limited Partners. The limited partners may themselves run the gamut from individuals, family offices, venture capital funds to institutional LPs. Pooled resources or Limited Partners.

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

Steve Blank

JULY 2, 2009

If you were a “with it” VC you needed to have a “Content&# or “Multimedia&# company in your portfolio to impress your limited partners – educational software companies, game companies, or anything that could be described as content and/or Multimedia. You mention above being on both sides of a reality distortion field.

Silicon Valley 120

Silicon Valley Technical Review RSS Software Review 120

K9 Ventures

APRIL 28, 2010

The first closing for the fund was held in Q2 2009. K9 began investing in 2009 and is honored to have the following five companies in its portfolio: CrowdFlower (Seed and Series A). I would like to take a moment to thank K9′s Limited Partners for their support of this first fund. Twilio (Seed and Series A).

Seed Stage 61

Seed Stage San Francisco IP Portfolio 61

This is going to be BIG.

SEPTEMBER 19, 2012

In the early spring of 2009, the fundraising nuclear winter of the previous year hadn't yet thawed. While my company may not have lasted, and even though I swore to myself that I wouldn't do another startup--this recently launched new venture is moving forward with the help of some fantastic partners.

LP 112

LP New York City New York Chad 112

This is going to be BIG.

AUGUST 22, 2016

Since I started working at First Round Capital back in 2009, very few early stage investors seem to be doing the same kinds of deals at the same stage today as they did back then. That's my only goal--to responsibly invest my Limited Partners' capital as part of a consistent strategy by being helpful to high potential founders.

New York City 60

New York City New York Venture Capital Limited Partner 60

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 IPO Private Equity Venture Capital 28

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

Tuesday, January 20, 2009. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. ▼ 2009. (7). ProfessorVC. The last blogger in Silicon Valley. The Most Important Venture Capital Statistic. Total amount raised fell from $7.5 billion to $5.5 Do you have a U.S.

Venture Capital 28

Venture Capital Silicon Valley San Jose Bootstrapping 28

Professor VC

SEPTEMBER 24, 2009

Thursday, September 24, 2009. I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. ▼ 2009. (7). ProfessorVC. The last blogger in Silicon Valley. Survey says VCs invest on Gut Instinct. Not that it was surprising, but that it would be news worthy of this placement. Do you have a U.S.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33

Seeing Both Sides

JANUARY 27, 2009

Further, partnerships as a whole are going to be loathe to admit problems and failures with their investors, the Limited Partners. Without any malice, portfolio “cover ups” will be common throughout 2009 and 2010. Loss aversion will thus cause VCs to throw good money after bad in 2009 and 2010.

Portfolio 20

Portfolio Valuation Limited Partner Cloud 20

Professor VC

FEBRUARY 26, 2010

My first reaction is incredulity that limited partners would buy into this idea. ► 2009. (7). The formula will be based on the founders experience, schools they attended and other background information to gauge the likelihood of success. Do you have a U.S. ► April. (1). Negotiating an Angel Deal in your PJ's.

San Jose 28

San Jose Silicon Valley Venture Capital Angel Investor 28

www.paulgraham.com

APRIL 28, 2010

October 2009 (This essay is derived from a talk at the 2009 Startup School.) 5 ]Some VCs seem to understand technology because they actuallydo, but thats overkill; the defining test is whether you can talkabout it well enough to convince limited partners. [ Want to start a startup? Get funded by Y Combinator.

Technical Cofounder 110

Technical Cofounder Startup Cofounder Founder 110

Steve Blank

OCTOBER 29, 2009

million of it by the time they dissolved their partnership in 1968 – they returned $90 million to their limited partners – a 54% compound growth rate. Reply reader , on October 30, 2009 at 7:00 am Said: Thanks for this great series. See the Secret History bibliography for sources and supplemental reading. Order Here.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125

David Cohen

JANUARY 28, 2015

Molly was really the first person I ever considered a partner at Techstars, long before this was ever formalized. In 2009, there were two more moments that mattered. The first Limited Partners who invested in that first fund took a tremendous risk on me and on Techstars.

Boston 48

Boston Cofounder LP Partner 48

This is going to be BIG.

DECEMBER 3, 2012

I experienced that myself with my startup in 2008 and 2009. Yet, I'm sure tech journalists will write about that company as a bellwether as to what's going on in the whole market--and unsophisticated limited partners and newly minted angels will lap it all up, reciting line and verse as to whether the market is hot or not.

Venture Capital 113

Venture Capital Equity Engineer Limited Partner 113

Both Sides of the Table

MARCH 6, 2017

Every year Upfront Ventures surveys Limited Partners (LPs) who are the main source of capital that invests in VC funds and thus the main source of capital that goes to startups to get an early-warning sense of the year ahead, leaving aside any Black Swans. We’re trying to limit our exposure.”

LP 286

LP Silicon Valley Venture Capital Startup 286