Steve Blank

MARCH 26, 2014

However, I will then argue that while these methods are necessary to managing new ventures inside a company, they are insufficient. This leads to two key points: Point 1: You have to fight – and win- on two fronts (both outside and inside), in order to succeed in corporate venturing. As Steve would say, this is a big idea.

Startup 327

Startup Business Model Lean Russia 327

Agile VC

JULY 11, 2012

I happen to be fascinated by the history of the VC industry, and one of the things we discussed at a recent offsite are the common threads behind the rise and fall of great venture capital firms. What’s a “fair” split of fee income and carried interest when a partner joins several years/funds after others?

Silicon Valley 240

Silicon Valley Carried Interest Cofounder Boston 240

David Teten

MARCH 2, 2013

I recently had an extensive debate with Tom about why and whether small funds (like mine, ff Venture Capital ) tend to outperform large funds (like his). We thought that you’d be interested in our conversation. While I don’t ultimately agree with the article’s conclusions, I think it warrants consideration.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

ithacaVC

JANUARY 10, 2012

One of my students just asked me what a “Venture Partner” is in the context of a venture capital firm. I quickly typed in “venture partner” into the Wikipedia query box. So, then I typed “venture partner definition” into the Google search box. It carries cache.

Partner 49

Partner Carried Interest Caching Harvest 49

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

Agile VC

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. Some institutional investors simply aren’t big enough to have in-house employees to vet and manage a portfolio of VC funds. The first is a staff constraint. What Are These Intermediaries?

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Professor VC

JUNE 20, 2011

And this is a company that has managed to get an A+ list of investors and is executing very well. We managed to pull together an angel syndicate and close $450K on 9/30 after working the phones the last few days and anxiously waiting for signature pages to show up on the fax machine and wire confirms to hit the bank account.

San Jose 28

San Jose Angel Investor Term Sheet Venture Capital 28

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). In the early morning, a show of hands revealed about a 20% LP audience and 80% fund manager group.

LP 60

LP Private Equity Due Diligence Venture Capital 60

VC Cafe

MARCH 11, 2010

A midst a 72% decline in funds raised by Israeli venture capital funds in 2009, Battery Ventures announced the completion of its new fund, BV-9, totaling $750 million. The current fund brings Battery’s assets under management to approximately $4 billion.

North America 76

North America Silicon Valley Private Equity 76

Agile VC

NOVEMBER 13, 2012

There are some obvious structural reasons why a shakeout in the venture capital industry takes a long time. The reality is that it wasn’t until the GEC (Global Economic Crisis, Great Recession, Credit Crunch, call it what you will) of late 2008 and early 2009 that the shakeout really began for venture capital.

LP 154

LP Portfolio Venture Capital IRR 154

View from Seed

OCTOBER 29, 2014

Most folks reading this will know that many startups were built in part with the help of venture capital. Some institutional investors simply aren’t big enough to have in-house employees to vet and manage a portfolio of VC funds. Lee’s posts also appear regularly on View From Seed. Subscribe here for more.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Women Entrepreneurs Can

MAY 9, 2019

These folks are accessible across any industry and are particularly useful for entrepreneurs who have moved beyond the seed stage of financing, but don’t yet have the significant revenue needed to court venture capital funding. Solid Organizational Processes. You Have Positive Cash Flow.

Programming 40

Programming Sweat Equity Startup Private Equity 40

K9 Ventures

NOVEMBER 30, 2008

The business of venture capital is relatively young. The birth of modern-day venture capital (not considering the European monarchs financing explorations and projects as venture capital) can be traced back to American Research and Development, which was started by Georges Doriot. of the size of the fund.

IRR 48

IRR Venture Capital LP Early Stage 48

Steve Blank

OCTOBER 29, 2009

Meanwhile on the West Coast – “The Group” 1950’s When Ampex was raising its money, in 1952, an employee of Fireman’s Fund in San Francisco, Reid Dennis , managed to put $20,000 in the deal. It would charge its investors annual “management fees” to pay for the firm’s salaries, building, etc. More on this in the next post.

Silicon Valley 125

Silicon Valley SBIC San Francisco RSS 125