David Teten

DECEMBER 3, 2019

A more efficient approach to fundraising than haphazard networking is to mine the data exhaust from the limited partner universe to identify those LPs most likely to find your fund attractive, and focus all your energy on them. Cobalt for General Partners helps GPs to optimize their fundraising strategy.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

Both Sides of the Table

SEPTEMBER 1, 2016

Scott Kupor of A16Z responded with a comprehensive overview of valuation methodology in a post that while accurate feels more targeted at sophisticated Limited Partners (LPs) who invest in funds. If a company has significant revenue you might value it based on some industry multiples but WhatsApp had very limited revenue.

LP 264

LP Jordan Cofounder Limited Partner 264

Agile VC

DECEMBER 6, 2012

1) LP Bases Change Over Time – Most healthy VC firms tend to have stable relationships with the limited partners investing with them. Suppose Acme IV invests in the Series D and 6 months later there’s an acquisition offer for Startup X that’s 50% higher than the Series D post-money valuation.

LP 178

LP Balance Sheet Differentiation Limited Partner 178

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

David Teten

SEPTEMBER 6, 2015

Says Rohit Bodas, Partner at American Express Ventures , “Our investment strategy does not assume that Amex will want to be the acquirer for any of our portfolio companies. We never seek any rights to give Amex preferential treatment at the time of a potential acquisition. The long-term view cannot be emphasized enough.

Venture Capital 60

Venture Capital Balance Sheet Technical Review Portfolio 60

Eric Friedman

AUGUST 18, 2021

He is also co-founder and Managing Partner of Deciens Capital, an early stage investment fund. Previously, he was the COO of digital gift card start-up Giftly from its inception in 2010 to its acquisition by Giftcards.com in 2013. Before Giftly, Dan was a Booth Scholar at the University of Chicago Booth School of Business.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

AUGUST 19, 2019

They are tech-enabled companies that provide high-yield investments for fund limited partners (LPs) that perform like bonds but generate returns on par with equity investments. Founders First Capital Partners defines these high performing organizations as Zebra Companies.”.

Revenue 60

Revenue Technical Review Software Review Equity 60

Board Effect

MAY 10, 2019

The goal of venture funding is to get a very high return, usually in the form of an acquisition of the startup or IPO. At this stage, if business owners are fortunate enough to partner with a venture capitalist, they need to be prepared to take the money and make it grow quickly. How Venture Capitalism Works.

Venture Capital 49

Venture Capital Startup Elevator Pitch Angel Investor 49

VC Cafe

MARCH 27, 2022

Regardless of the space, Limited Partners, investors in venture funds, want to know the ESG (environmental, social and governance) impact of their investments. Micrsoft’s acquisition of Activision for nearly $70 billion in cash his just one example. Personally, I disagree with Jack on this one, but his point was made. ?

Cofounder 179

Cofounder Venture Capital Equity 179

Agile VC

FEBRUARY 21, 2012

My partners and I wanted to peel back the curtain slightly for those of you who’ve been following our progress, and also acknowledge the help and support numerous folks have provided as we got this new VC firm off the ground. NextView’s inaugural fund is just over $21 million.

LP 100

LP Seed Stage Silicon Valley Limited Partner 100

Scott Edward Walker

FEBRUARY 9, 2020

Moreover, because most financial buyers are set-up as funds (which have their own limited partner investors) that typically expire in 10 years, the return on their investment must happen relatively quickly. This is one of the unusual structures with a financial buyer.

Private Equity 59

Private Equity New York City Equity Deal Structure 59

Professor VC

DECEMBER 8, 2015

Both companies were relatively well capitalized, building peer to peer payments businesses and spending a significant amount of their funding on customer acquisition. I was a Limited Partner in Angel Investors II (Ron Conway's angel fund) that was an investor in Confinity. At the IPO, Musk held a 14.2% Hope that changes in 2016.

Merger 28

Merger LP IPO Redemption 28

Ben's Blog

APRIL 6, 2011

These companies have a substantial need for capital–they’re hiring aggressively, expanding internationally, making acquisitions, investing in facilities, pouring money into marketing—all to double down on their success and win the entire market. Often, they want to meet their needs with one new investor.

Limited Partner 77

Limited Partner Global Partner eCommerce 77

onstartups.com

JULY 11, 2012

homerun acquisitions and; b) do follow-on investments (pro-rata or more) often through multiple rounds and; c) invest in game-changing ideas that are incredibly risky; d) wait for companies to eventually get sold to see a return. And now that I've gotten to know the Angel community, it turns out I wasn't alone.

Angel Investor 77

Angel Investor Dilution Investment Bankers Valuation 77

www.paulgraham.com

APRIL 28, 2010

4 ] The sharpest criticism of YC came from a founder who said we didntfocus enough on customer acquisition: YC preaches "make something people want" as an engineering task, a never ending stream of feature after feature until enough people are happy and the application takes off. Theres very little focus on the cost of customer acquisition.

Technical Cofounder 110

Technical Cofounder Startup Cofounder Founder 110

Venture Chronicles

JULY 5, 2010

The public markets and venture capital in inexorably linked, without access to public markets and a healthy landscape of public companies acting as acquirers venture capitalists have precious few options to achieve liquidity and return capital to limited partners, which results in loss of attraction for the sector as a whole.

Venture Capital 40

Venture Capital Marketing Limited Partner IPO 40

Venture Chronicles

JULY 16, 2010

This outcome is usually selected when an initial survey of the acquisition landscape yields no quick exits and with cash being a depreciating asset the incentive is speed to preserve capital which will be returned to investors. The second scenario is the pulled term sheet.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

K9 Ventures

DECEMBER 9, 2008

Mergers and acquisitions have also been down, especially the large deals. Well, VC firms have not been able to get exits; money that was invested in venture capital is locked up in illiquid private investments in portfolio companies and cannot be returned to Limited Partners. What does this mean?

Venture Capital 48

Venture Capital Capital Call Portfolio Stock 48

Steve Blank

MARCH 22, 2009

Their VC firm, In-Q-Tel , has been in business for 10 years, and like most VC firms they have an annual event where they show off their new portfolio companies to their limited partners and other VC partners.

Silicon Valley 247

Silicon Valley Thailand RSS Venture Capital 247

BeyondVC

JUNE 29, 2005

I am not sure how many entrepreneurs understand the structure of venture capital funds but the bottom line is that while VCs manage funds, we ultimately report to our investors or Limited Partners (LPs). It is not our money, and we have a fiduciary responsibility to manage it properly and generate the returns our LPs expect of us.

LP 60

LP Private Equity Due Diligence Venture Capital 60

Professor VC

SEPTEMBER 24, 2009

I was a limited partner in Angel Investors, LP, Ron Conways fund in the late 1990s. Blink starts with the anecdote of the Getty Museums $10 million acquisition of a rare Greek statue dating from the 6th century BC. Lets get back to the topic of gut investing. I just finished reading Malcolm Gladwells Blink.

San Jose 33

San Jose Angel Investor Venture Capital Mezzanine 33