Agile VC

SEPTEMBER 15, 2011

Startup IPO Market: A Fickle Mistress. The IPO market, she is a fickle mistress. In the first half of 2011, the IPO markets were looking strong for VC-backed companies. For a time that meant that other category leaders accelerated their own IPO plans… think Groupon and Zynga. How to Evaluate Firms for a Seed VC.

IPO 100

IPO Marketing Silicon Valley Private Equity 100

Feld Thoughts

AUGUST 25, 2015

Take a look at the founding syndicates of each: Masstor Sytems (5/1979). Quantum Corporation (6/1980). What is striking about these syndicates is that nobody had any meaningful capital, which forced syndication and cooperation. Some were Silicon Valley early stage companies, such as Apple, Quantum, and Masstor Systems.

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

David Teten

MARCH 14, 2018

Coinvestors need to figure out ways to prioritize themselves in a VC’s preference stack for syndicating opportunities. – Syndicate Special Purpose Vehicles (“SPVs”) for specific opportunities.

Private Equity 60

Private Equity Venture Capital Equity Cofounder 60

David Teten

JANUARY 19, 2021

The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. On average, founders own just 43% of equity by Series B , declining thereafter. Volatile, uncapped.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Feld Thoughts

JUNE 29, 2014

4/11 and @pmarca on why the IPO is not what it used to be – [link]. After I thought I was done I ran across a really interesting set of articles which didn’t make it into the tweetstorm. So when I read the first article, it was easy to conclude “VCs who are like each other do less well investing together.”

Venture Capital 139

Venture Capital IPO Syndicate Syndication 139

Pascal's View

AUGUST 22, 2009

On Monday, August 10, Barron’s ran a story “Does the IPO Market Shun Smaller Companies?”, This practice has created “ a near oligopolistic hold on tech IPOs ” by these large investment banks. Sadly, the article completely ignores the implications of this systemic liquidity crisis. jobs today.

IPO 40

IPO Merger Institutional Investors Venture Capital 40

Feld Thoughts

JUNE 29, 2014

4/11 and @pmarca on why the IPO is not what it used to be – [link]. After I thought I was done I ran across a really interesting set of articles which didn’t make it into the tweetstorm. So when I read the first article, it was easy to conclude “VCs who are like each other do less well investing together.”

Venture Capital 111

Venture Capital IPO Syndicate Syndication 111