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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.

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ESADE Business School Commencement Speech

Steve Blank

I like the guy because he’s credited with coining the word entrepreneur. Unfortunately as we’ve learned from recent experience, using Return on Net Assets and IRR as proxies for efficiency and execution won’t save a company when their industry encounters creative disruption. I’m sure many of you have heard his name.

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Paul Graham and The World Out There

This is going to be BIG.

Every time he opens his mouth about founder diversity, he seems completely out of his league to address the topic. The biggest question I think VC''s face right now is whether or not, in the future, the best founders will look and act like the best founders of the past. YC''s best investing days may be behind it. That''s 25%.

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Should you raise traditional VC or Revenue-Based Investing VC?

David Teten

Most founders who are raising capital look first to traditional equity VCs. Revenue-Based Investing (“RBI”) is a new form of VC financing, distinct from the preferred equity structure most VCs use. For more background, see Revenue-Based Investing: A New Option for Founders who Care About Control. But should they? Optionality.

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Current Startup Market Emotional Biases

Feld Thoughts

Bill Gurley wrote an incredible post yesterday titled On the Road to Recap: Why the unicorn financing market just became dangerous … for all involved. “Many Unicorn founders and CEOs have never experienced a difficult fundraising environment — they have only known success. It’s long but worth reading every word slowly.

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The VC Shakeout: Are We There Yet?

Agile VC

The IPO market remained closed to IT startups, but there were big acquisitions like Google buying YouTube for $1.65B (Fall 2006) and late stage financing rounds for companies like Facebook (Microsoft round at $15B valuation in Fall 2007). A16Z today or Founders Fund or General Catalyst a few years ago).

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ESG in Venture Capital: Interview with Blue Future Partners (VC Fund of Funds)

David Teten

In that capacity, I co-founded the Harvard Business School Alumni Angels Venture Capital Access Program, a joint venture with the National Association of Investment Companies (“NAIC”), which helps women and diverse entrepreneurs raise capital. Starship was launched by the co-founders of Skype. Are you politically active?