Steve Blank

MARCH 16, 2016

VC’s raise money from their investors (limited partners like pension funds) and then spread their risk by investing in a number of startups (called a portfolio). BTW, Angel investors do not have limited partners, and often invest for reasons other than just for financial gain (e.g., The Deal With the Devil. (A

Liquidity Event 120

Liquidity Event Founder Liquidation Preference Venture Capital 120

VC Cafe

JANUARY 15, 2024

With the IPO window closed, growth funding severely dwindled and multiples down as a result of the public market, unicorns face tough choices in 2024. With limited options for liquidity (M&A or IPO) and significantly less growth capital, unicorns face an uncertain future. trillion, according to CB Insights.

IPO 88

IPO Valuation Private Equity 88

Steve Blank

JULY 15, 2010

The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you. VC’s invested their limited partners’ “risk capital” in a portfolio of startups in exchange for illiquid stock. Startup lifecycle in an IPO Market. Netscape’s 1995 IPO changed the rules.

Venture Capital 297

Venture Capital IPO Liquidity Event Entrepreneur 297

David Teten

JANUARY 19, 2021

Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO).

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Professor VC

DECEMBER 8, 2015

one company running out of cash and another with cash but searching for a business model). I think we will see more of these in 2016 and beyond as IPOs are still far and few between and unicorns struggle to justify their stratospheric valuations. At the IPO, Musk held a 14.2% Hope that changes in 2016.

Merger 28

Merger LP IPO Redemption 28