Both Sides of the Table

NOVEMBER 3, 2009

This is part of my ongoing series of posts and I need to file this one under both Raising Venture Capital and Startup Advice. portfolios. Many of these businesses were what First Round Capital called FNACs (features, not companies – this acronym has always stuck with me). They are not just for fund raising.

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Hippoland

JULY 24, 2018

more on this later) Much like running a product-startup, you’re your own boss, so you sometimes end up working really hard and at all hours depending on where you are in your fund life cycle. In many cases, fund managers invest 1-5% of the fund size. And then later, when the fund needs money, the fund does a capital call.

Salary 48

Salary Capital Call Bootstrapping Cofounder 48

Hippoland

JULY 24, 2018

more on this later) Much like running a product-startup, you’re your own boss, so you sometimes end up working really hard and at all hours depending on where you are in your fund life cycle. In many cases, fund managers invest 1-5% of the fund size. And then later, when the fund needs money, the fund does a capital call.

Salary 48

Salary Capital Call Bootstrapping Cofounder 48

ithacaVC

MAY 10, 2011

That means that it has capital commitments from investors of $100mm. Capital is called when needed for investment, fund expenses or management fee. And, VC1 does not reinvest capital returned (with very few limited exceptions) – VCs are not hedge funds! salary paid from management fees.

Carried Interest 51

Carried Interest Ratchet Limited Partner Due Diligence 51

K9 Ventures

DECEMBER 9, 2008

Crisis Could Have Lingering Effect on Startups. PrivateEquityOnline: Bankrupt WaMu Parent Defaults on Capital Call. 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.

Venture Capital 48

Venture Capital Capital Call Portfolio Stock 48

Venture Chronicles

JULY 16, 2010

What happens is that the fund will feel the need to clean up the portfolio and shed the lower tier investments in a sector to consolidate around the top performers, as measured by their potential for new investment. In normal times the term sheet and due diligence process all but guaranteed the investment as far as the startup was concerned.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 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. But some will be saved.

Later Stage 34

Later Stage Early Stage Venture Capital Portfolio 34