David Teten

JANUARY 21, 2021

(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. III: Why are Revenue-Based VCs investing in so many women and underrepresented founders?

Equity 78

Equity Revenue Cofounder Colorado 78

David Teten

DECEMBER 3, 2019

However, in private markets, there is more room to optimize across all 11 steps of the investing process: firm management , marketing, fundraising , origination , manage relationships, due diligence, negotiation, monitoring, portfolio acceleration , reporting, and. The 11 Steps of Investing in Private Companies. 1) Manage the firm .

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

David Teten

MARCH 18, 2021

(co-written with Stephane Nasser , co-founder of OpenVC , an open-source initiative to collect and analyze all VC theses.). OpenVC is a new, open-source initiative to collect and analyze all publicly available VC theses, to help founders more efficiently find the right investors, and vice-versa. Technical founders .

Technical Review 78

Technical Review Cofounder Venture Capital Deal Flow 78

David Teten

NOVEMBER 23, 2020

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?

Venture Capital 60

Venture Capital Partner Technical Review Cofounder 60

David Teten

JANUARY 19, 2021

(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.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

This is going to be BIG.

DECEMBER 3, 2020

The partner at the fund, the VC, gets to do the fun part—the meeting with founders, vetting deals, negotiating, helping, etc. Having a better overall portfolio of venture capital by adding funds into the mix. That’s the first thing anyone trying to raise a fund needs to understand, as well as anyone thinking about investing in one.

Portfolio 134

Portfolio Syndicate Syndication Deal Flow 134

Eric Friedman

DECEMBER 27, 2021

This is already happening, but there will be an explosion of rolling funds, operator angels, and micro investors who want to co-invest in friends, companies, and cohorts they are a part of. Maybe the founders are the micro VCs we have been waiting for? There is also a network effect of portfolio companies with early GPs.

Balance Sheet 97

Balance Sheet Stock Private Equity Option Pool 97

Austin Startup

AUGUST 10, 2017

3) Rebalancing — we rebalance portfolios monthly. He co-founded the first angel investor group in the Bitcoin space, BitAngels , in 2013, which grew to over 500 members globally. He has since gone on to cofound Factom (a well-known crypto project who’s tokens are worth more than $150 million), where he serves as Chairman today.

Technical Review 48

Technical Review Cofounder Technical Cofounder Austin 48

David Teten

DECEMBER 12, 2017

As a globally focused LP in early stage VC funds, we at Blue Future Partners have observed a growing trend of firms investing substantially in software tools, whether developing proprietary solutions or adopting off the shelf tools. But what tools are they using themselves to automate their own processes?

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

David Teten

SEPTEMBER 23, 2017

I’ve primarily seen quantitative analytic techniques used in origination , filtering , and in portfolio company recruiting , but technology can be used throughout the nine steps of the private company investing process: The 9 Steps of the Private Company Investing Process. 9% (1 / 12). Source: Knowledge.VC , based on scraping firm websites

Private Equity 60

Private Equity Venture Capital Equity Technical Review 60

Hunter Walker

APRIL 27, 2014

Last week we held our first annual LP meeting, when venture funds get their investors together with updates on operations and results. Over the first year we’ve seen a steady increase in number of opportunities (thank you founders and co-investors!). We love our founders. Roughly 50% result in a first meeting.

LP 97

LP Cofounder Term Sheet Valuation 97

Both Sides of the Table

FEBRUARY 18, 2017

This followed the firms founder Don Valentine handing leadership early to Mike Moritz and Doug Leone who then entrusted Jim Goetz. Yves didn’t want to step down — he is still as active as any partner on our team — but he wanted me to take responsibility for: Strategy, recruiting, team development, LP relations, financial planning, etc.

Leadership 161

Leadership LP Venture Capital Silicon Valley 161

View from Seed

MAY 29, 2019

These funds would regularly share deal flow with one another and could share the work in supporting founders and helping to push the company forward. This post will try to describe why this is happening and what repercussions are for founders and investors. Is This is Good or Bad for Founders?

Syndicate 267

Syndicate Syndication Cofounder Cap Table 267

VC Cafe

JULY 4, 2022

Another impact of the meltdown of the public markets is on performance, in LP and VC books which resulted in 68% of funds estimated to have marked down companies in their portfolio. For example, Klarna is rumoured to be raising $650M in fresh capital at $6.5 billion valuation, according to the WSJ, down from $45.6 billion in June 2021.

Venture Capital 167

Venture Capital Valuation Private Equity LP 167

Eric Friedman

DECEMBER 30, 2020

This is a fun area for me as there are founders and companies I am supporting in the space, and its great to see how they have grown during the “crypto winter” of the last few years. There is also a network effect of portfolio companies with early GPs. 5/ The rise of operator angels + micro VCs explodes in 2021.

Stock 120

Stock Private Equity Option Pool LP 120

Hunter Walker

NOVEMBER 30, 2022

In fact, losing money on a meaningful percentage of startups isn’t just expected, it’s potentially evidence that you’re taking enough risk to hit some of the power law winners which will pay back your LPs many times over! Relationship Cost of SPVs/Direct Co-Investment and LP Credibility.

Vertical 48

Vertical LP Syndicate Syndication 48

This is going to be BIG.

FEBRUARY 23, 2016

You've decided to spread that across Z funds and you hope your portfolio meets some threshold. Rather than see LP interactions as a chore or a burden, new fund managers should see this as an opportunity to extend the community around their fund. LPs could represent meaningful co-investors on deals and great mentors to founders.

Limited Partner 60

Limited Partner Venture Capital Partner LP 60

Both Sides of the Table

JUNE 8, 2014

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

Silicon Valley 390

Silicon Valley Kansas City Startup Venture Capital 390

YoungUpstarts

NOVEMBER 18, 2018

by Solomon Ali, Co-Founder of Revolutionary Concepts. Other ways that patents can be added to your financial portfolio is through acquisitions – in plain English, buying up other people’s patents. This is typically a way of adding additional intellectual property to a patent portfolio (collection of multiple patents).

Intellectual Property 157

Intellectual Property Forecast LLC Acquisition 157

David Teten

JULY 12, 2017

When I meet with other VCs, family offices, and other institutional investors, the most common question I get is: “What are the highest-potential companies in your portfolio which are raising now?” If I can reduce a portfolio company’s time burden, I create value for them. They are comfortable with others taking the lead. .

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

Agile VC

NOVEMBER 13, 2012

At Risk – Usually starts with a firm beginning to see challenges in large portions of its portfolio, or in keeping the partnership together, or in the viability of the firm’s core strategy as broader markets start to shift (e.g. A16Z today or Founders Fund or General Catalyst a few years ago).

LP 154

LP Portfolio Venture Capital IRR 154

firstround.com

SEPTEMBER 10, 2013

Today, he’s the co-founder and CTO of Artillery , bringing console-quality gaming to the web browser. And even though I was the tech guy surrounded by capable business-focused co-founders, I knew that building a successful company was going to start with a lot more than a command line. Author: Ian Langworth.

CTO Hire 52

CTO Hire Engineer Software Review Part-Time VPE 52

David Teten

AUGUST 21, 2019

Most founders who are raising capital look first to traditional equity VCs. RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. Attractive to founders in controversial sectors.

Revenue 60

Revenue Liquidation Preference Equity Cofounder 60

Agile VC

JULY 19, 2012

Back in the 2000-2001 timeframe, a flood of LP capital was coming into the VC asset class given the strong returns of the mid-late 90s tech boom/bubble. For example FRC launched a founders equity exchange fund and various programmatic forms of knowledge sharing like list serves, CEO summits, conferences, etc.

Cofounder 193

Cofounder Limited Partner Early Stage LP 193

The Equity Kicker

JANUARY 19, 2016

Fortunately Steve Schlenker, co-founder of DN Capital has captured most of them in his Quora answer to the question: How hard is it to be a venture capitalist. Making consistent returns as a VC requires building a portfolio of companies in the difficult times that are ready to exit when the good times come.

Europe 60

Europe IPO LP Venture Capital 60

ithacaVC

FEBRUARY 13, 2013

Someone who negotiates carry yet never sees a return, fights for attribution, tames cantankerous LP side-letter requests…. Negotiate a $20 million pre-money with a 19-year-old founder CEO. Somebody to do “portfolio value-add” with a straight face, replenish the mojo of a depressed CEO who did not get featured in TechCrunch….and

Liquidation Preference 55

Liquidation Preference IRR Due Diligence LP 55

K9 Ventures

DECEMBER 10, 2011

.” Now that last statement is a little off, since I have a portfolio company in Berkeley and one as far south as San Jose. I must admit that I do also have some exceptions to this rule – LucidChart is based in Provo, UT, and Occipital is presently in Boulder, CO. I suspect this is also the case for most VCs.

Silicon Valley 124

Silicon Valley San Jose Portfolio Cofounder 124

Feld Thoughts

APRIL 23, 2015

We had a blast together and as we went out to raise our Foundry 2007 fund, Scott made several introductions which resulted in two wonderful, long term LP relationships. When we started Mobius, we were four founders and two EAs. A year or two later they had less than 3% market share on mobile.

Advisory Board 70

Advisory Board Venture Capital LP Seed Stage 70

thebarefootvc

MARCH 8, 2012

While the initial fund is $120M we will have access to ru-Net’s (the Russian LP) $700M of capital to support growth of portfolio companies and opportunistically invest at later stages where we can add value beyond capital. With RTP, I plan to help portfolio companies across the US access the fast growing emerging markets.

Silicon Valley 69

Silicon Valley Ghana Venture Capital India 69

K9 Ventures

DECEMBER 10, 2011

.” Now that last statement is a little off, since I have a portfolio company in Berkeley and one as far south as San Jose. I must admit that I do also have some exceptions to this rule – LucidChart is based in Provo, UT, and Occipital is presently in Boulder, CO. I suspect this is also the case for most VCs.

Silicon Valley 112

Silicon Valley San Jose Portfolio Cofounder 112

The Startup Lawyer

JANUARY 6, 2011

Founder and Partner at AOL Ventures , a few weeks ago. We also tend to focus on repeat entrepreneurs but are not opposed to funding first time founders who have significant domain expertise. Do you look at portfolio companies as future acquisition targets? I had the chance to chat with Mike Brown Jr., Not really.

Early Stage 58

Early Stage LP Later Stage Balance Sheet 58