K9 Ventures

JULY 19, 2012

No distributed teams, no overseas teams, and definitely no companies that rely on “outsourcing” to build their core technology. This new $40M fund is backed by several high quality institutional limited partners including university endowments, foundations, family offices and fund of funds and key individuals.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

K9 Ventures

JULY 19, 2012

No distributed teams, no overseas teams, and definitely no companies that rely on “outsourcing” to build their core technology. This new $40M fund is backed by several high quality institutional limited partners including university endowments, foundations, family offices and fund of funds and key individuals.

Technology 132

Technology Seed Stage San Francisco Limited Partner 132

The Startup Magazine

MARCH 22, 2019

Venture capitalists act as limited partners, providing help to build successful companies in a market they have deemed has potential. Investor Involvement. They are less likely than angel investors to provide capital to companies that don’t have at least some proven success in their markets.

Angel Investor 123

Angel Investor Venture Capital Accredited Investor Equity 123

David Teten

JULY 12, 2017

First, a formal definition: According to Capital Dynamics , “Co-investments are direct investments in a company made alongside and on the same terms as a lead [General Partner]. We see our potential coinvestors in four primary buckets: 1) HOF Capital ’s own limited partners. 2) Investors with very specific value-add.

Syndicate 60

Syndicate Syndication Institutional Investors LP 60

View from Seed

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). The first is a staff constraint.

LP 335

LP Private Equity Institutional Investors Venture Capital 335

Eric Friedman

AUGUST 18, 2021

On Dan’s Definition of True Freedom. From who we hire to the way we go to market, from how we engage with our limited partners to how we engage with founders, it’s all about being very focused on quality and consistency so as to affect strategies to generate meaningful carry for ourselves and our limited partners.

Silicon Valley 88

Silicon Valley Venture Capital Cofounder Africa 88

David Teten

AUGUST 18, 2017

By definition, it’s unwritten, but critical. . For MECE purposes, whenever one of our potential clients (a limited partner) give us questions, many of our answers are along the lines of, “Please see the slide _ in our deck” or “See [link].”. Specifically, the content for the 7 layers are: Reputation.

Due Diligence 60

Due Diligence Marketing Reputation Social Media 60

Jason Ball

APRIL 8, 2014

Last week I was asked what I look for in Founders/CEOs by some LPs (limited partners, the people that actually give VCs the money they invest). Something will definitely be lost along the way (and other things gained). I gave them three characteristics that I think are critical to success: 1) Tenacity. 3) Salesmanship.

Founder 77

Founder Limited Partner Partner Entrepreneur 77

Agile VC

OCTOBER 29, 2014

Most of the dollars a VC firm invests come from outside limited partner investors (LPs). The actual partners of a VC firm (GPs) will typically invest a minimum of 1% of the total size of their fund,* though frequently this percentage is substantially higher (especially in many of the best funds). The first is a staff constraint.

Venture Capital 279

Venture Capital LP Private Equity Institutional Investors 279

Growthink Blog

MAY 23, 2011

By definition, companies that receive venture capital cannot fund their businesses from operations, and thus need to seek outside capital. This leads to a lot of negative selection with venture capital - backed companies – whereby the sample of companies that need venture monies are by definition weaker companies.

Angel Investor 112

Angel Investor Venture Capital Sweat Equity Cram Down 112

K9 Ventures

MAY 14, 2011

Super Angels : This is where my definition of a Super Angel differs from the press’ definition of a super angel. They are still individual investors, they invest on a full-time basis as professionals, but they have funds with Limited Partners. Pooled resources or Limited Partners. Yes/No (generally no).

Preferred Stock 125

Preferred Stock Seed Stage Incubator Early Stage 125

David Teten

DECEMBER 12, 2017

Lisa Edgar, Managing Director at fund of funds Top Tier Capital Partners , observed: “It’s not surprising that venture capitalists are using software to help manage their business. As limited partners, we at Blue Future Partners are keen to understand on an ongoing basis how each underlying company in our portfolio funds is performing.

Early Stage 60

Early Stage Technical Review Software Review Venture Capital 60

Hunter Walker

DECEMBER 18, 2013

From this fund you get paid a management fee each year and then a percentage of the profits ultimately made after returning the entire initial investment to your limited partners (you pay back your management fees before you consider the fund “returned”). Let me be clear, I’m not claiming poverty.

Cap Table 98

Cap Table LP Limited Partner Salary 98

This is going to be BIG.

JUNE 5, 2016

A lot of limited partners wouldn't participate in funds run by a solo GP. Would you have not wanted to back Jack Ma at Alibaba because he didn't split the majority of his equity with a partner? A lot of accelerators treat solo founders the same way--making it an implied requirement to participate.

Cofounder 60

Cofounder Founder Equity Limited Partner 60

Both Sides of the Table

JANUARY 16, 2012

And I also now have to raise money myself, but this time from bigger institutions that our industry calls LPs (limited partners). If they see you when you’ve already got your first term sheet and they’ve got 3 weeks to decide then by definition they have no relationship with you. ” All VCs want early access.

Developer 366

Developer Silicon Valley PR Las Vegas 366

Both Sides of the Table

SEPTEMBER 28, 2011

about their marathon 4-hour sessions to get to zero inbox or somebody else claiming email bankruptcy ( definition if you don’t know it already ). I have taken to limiting my outbound email. We call these investors “LPs” for limited partners. Nobody really enjoys it. It has become part of modern life.

Email 314

Email Product Term Sheet Portfolio 314

Both Sides of the Table

MARCH 1, 2010

But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. That by definition means you were hot. But when I’m looking to invest the dollars that my Limited Partners have entrusted my firm with I’m going with my view. I’m happy for others to disagree.

Entrepreneur 321

Entrepreneur Warrant Silicon Valley Early Stage 321

ithacaVC

FEBRUARY 23, 2012

But unrealized values are sometimes rather illusory in that they are based on what are called “Level 3″ inputs that by definition are often not exact and even non-quantitative. Some VC firms use the art of Level 3 inputs to mark up their valuations, which has a tendency to make limited partners happy.

Valuation 49

Valuation Institutional Investors Marketing Down Round 49

Hippoland

NOVEMBER 6, 2016

And, when you think about it, this cycle continues, because if investors want those fast markups to help raise their next fund in a couple of years, they should definitely invest in founders with pedigree, because they will have great unrealized gains to show potential limited partners.

Portfolio 48

Portfolio IRR Later Stage Limited Partner 48

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. No results. Kind of surprised me.

Partner 49

Partner Carried Interest Caching Harvest 49

David Teten

MARCH 2, 2013

Secondly, none of the VC return studies to date, including the ones we discuss here, are definitive. At a macro level, after all, LPs are definitionally invested in all funds. I think this argument is not relevant for the great majority of investors who only invest in 1-5 VC funds.

LP 114

LP Securities and Exchange Commission Silicon Valley Venture Capital 114

This is going to be BIG.

JULY 8, 2013

When you''re out on the road pitching, and getting people to believe in you, you feel a deep sense of responsibility to your limited partners--and there isn''t a day when you don''t wonder why you didn''t just take some easy corporate job where no one would notice if you weren''t working productively.

Venture Capital 167

Venture Capital Early Stage Portfolio Private Equity 167

Venture Chronicles

JULY 16, 2010

This is definitely on the upswing and reflects the issues that funds are having with their limited partner investors. Regulatory paperwork is prepared and the investment is prepared for presentation to the limited partners for funding. The second scenario is the pulled term sheet. It’s the nuclear scenario.

Due Diligence 28

Due Diligence Term Sheet Limited Partner LP 28

Rob Go

NOVEMBER 30, 2015

In October, we held our annual Limited Partners meeting at NextView. From the seed stage perspective, what we’ve seen this year is that the definition of a seed round has broadened considerably. If you tracked the headlines this past year, you would have seen what looks like a roller-coaster of activity.

Later Stage 28

Later Stage Marketing Early Stage Ratchet 28

This is going to be BIG.

NOVEMBER 4, 2018

It’s an entirely fair question—and the risk is that limited partners, founders, or other VCs might not want to work with me because I’m vocal about my political views. Limited partners judge my investment acumen. But what does that judgement even mean? Perhaps I’m judging you, but so what? We get judged all the time.

Arkansas 97

Arkansas Limited Partner Cofounder Algorithm 97