Agile VC

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Startup IPO Market: A Fickle Mistress ? AGILEVC

Agile VC

And even other strong, but perhaps not standout, companies like Active Network and Demand Media completed their own offerings. But if you read the whole article you glean more insight… the entire public equity markets have sunk in the last 3-4 months. Bankers licked their chops. VCs dreamt of liquidty. Life was good.

IPO 100
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Should Apple Buy Hungary?

Agile VC

Hungary probably wouldn’t sell their sovereignty and entire economy for 1x sales, but Apple has no debt so they could probably lever the deal and borrow money on top of $137 billion in equity. For some reason the notion of Apple hiking the taxes of Hungary to fund a dividend recap just amuses me….

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There Is No Subprime Model for VC

Agile VC

Or to focus solely on getting the lowest valuation as an investor, which by definition will price you out of the most desirable companies which typically have substantial demand for their equity. Or to invest in mediocre startups at a low valuation but hope to “manage” this portfolio to better than expected outcomes.

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Where Do Venture Capital Dollars Actually Come From? This Visual Explains

Agile VC

The best VC firms have a large surplus of LP demand relative to their fund size, so a good intermediary may enable an institution to invest in higher quality VC funds than they would otherwise be able to do directly. The third reason is less in the hands of these institutional investors, and that’s governance. What Are These Intermediaries?