Agile VC

DECEMBER 4, 2014

As a result, one of the trickier things co-founders tackle is determining the equity split amongst the founding group of individuals. Across both the startups I’ve personally been involved in (PayPal and LinkedIn) and the startups in which I’ve been an investor, I’ve seen a broad range of co-founder equity splits.

Cofounder 255

Cofounder Equity Founder Sweat Equity 255

Agile VC

DECEMBER 4, 2014

As a result, one of the trickier things co-founders tackle is determining the equity split amongst the founding group of individuals. Across both the startups I’ve personally been involved in (PayPal and LinkedIn) and the startups in which I’ve been an investor, I’ve seen a broad range of co-founder equity splits.

Cofounder 173

Cofounder Equity Founder Sweat Equity 173

Agile VC

MARCH 5, 2019

Lyft’s Biggest Cost “Driver” Isn’t the Driver. But given they’re essentially recognizing “net revenue”, Lyft’s cost of goods (COGS, aka cost of revenue in S-1) is composed primarily of insurance, credit card processing fees, and software/tech hosting costs. Insurance is far and away the largest cost driver.

Aggregator 100

Aggregator .Net Revenue IPO 100

Agile VC

DECEMBER 6, 2012

Unlike a startup that might raise equity financing across several rounds all combined in a single balance sheet, VC’s do not simply commingle these funds into a single bucket to be allocated across all the companies in that firm’s portfolio.

LP 178

LP Balance Sheet Differentiation Limited Partner 178

Agile VC

APRIL 17, 2011

Obviously most of these employees are working hard primarily for equity upside compensation, but Kayak’s personnel costs are roughly $200K/head so the company is highly productive on a per employee basis. Pre-IPO Funding History: Kayak has raised approximately $235M in VC funding to date.

Pre-Money Valuation 113

Pre-Money Valuation Liquidation Preference Dividend Common Stock 113

Agile VC

NOVEMBER 7, 2019

If you understand the premise of blitzscaling, it’s not truly growth at any and all cost… it’s a strategic mindset for building a company from scratch at previously unheard pace specifically where digital innovation enables capturing a large addressable market. Rowe Price, hedge funds, etc. On paper, VC portfolios perform well.

IPO 100

IPO Early Stage Cofounder B2C 100

Agile VC

OCTOBER 29, 2014

There’s a wide range of intermediaries for venture capital and private equity investment, each with its own structure and business model. What Are These Intermediaries? The main ones include: Fund of Funds (FoFs). FoFs take capital from institutions, wealthy families, and others, and then invest it in a basket of underlying VC funds.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279